Now you can withdraw Rs 4,500/day from ATM

In a relief to common man, the Reserve Bank tonight said cash withdrawal limit from ATMs will be increased to Rs 4,500 per day from the current Rs 2,500 from January 1. However, there has been no change in the weekly withdrawal limit, which stands at Rs 24,000, including from…

Divis Labs slips 22% on USFDA report

Shares of Divis Laboratories plunged 22 per cent on Friday–their biggest single day fall ever–on reports of strong observations made by the US Food and Drug Administration on its facility in Vishakhapatnam. The stock closed at Rs 866.10 — its lowest level since May 2015. The stock plunge eroded almost…

Govt passes ordinance bill to let companies pay salary via e-mode, cheque

The Union Cabinet cleared an ordinance allowing for payment of salaries by cheque or credit to employee accounts, and empowering states and the Centre to designate industries or establishments that would have to provide cashless wages. The ordinance implements the Payment of Wages (Amendment) Bill, 2016, which is currently with…

Government likely to present Union Budget on February 1, 2017

In a departure from the norm, the government has decided to present the Union Budget for FY18 on February 1, 2017, Mint reported on Wednesday. In the past, Budget has been presented on the last working day of February. The move is aimed at expediting implementation of various schemes beginning…

Shree Pushkar – New Multibagger

Dear friends, Nifty is making new highs everyday and we are in for a great bull run. As in one of the previous stock recommendations we gave a stock from Specialty chemical sector which is in bull trend right now. The chemical sector has shown good signs of revival since…

Indian Metals – New Multibagger

Dear friends, Metal and Mineral Sector has seen a huge revival and it seems it is becoming the most bullish sector till now. Therefore we are back with another potential multibagger from metal sector. Beholding above, today we are giving another multibagger stock from small cap segment – INDIAN METALS AND…

Lumax Industries – Auto ancillary

Dear friends, The Indian stock market is forming a good base now and most of  our stocks are doing very well and will continue to do great, just patience is required. Auto-ancillary stocks are in bullish trend right now and most stocks are rising high every day. Beholding above, we…

Arvind Ltd. – Textile Sector

Dear friends, today we will discuss about a stock from textile sector which is seeking revival thanks to Initiatives taken by the Govt. of India. Textile sector is one of the reliable sector which can give moderate but safe returns with very low risk. Beholding above, Today we are giving…