Yesterday’s big news was related to Kisan Samman Nidhi. The central government has increased the minimum support price (MSP) of 14 Kharif crops. The Union Cabinet took this decision on Wednesday. Union Information and Broadcasting Minister Ashwini Vaishnav said that the new MSP of paddy has been fixed at Rs 2,300, which is Rs 117 more than the previous MSP. At the same time, in the current financial year i.e. 2024-25, State Bank of India (SBI) will raise up to ₹ 20,000 crore through long term bonds. The lender’s board has approved it on Wednesday (June 19). According to the exchange filing, the company will raise this fund on public issue or private placement basis. Before tomorrow’s big news, today’s major events, which will be in focus… Now read tomorrow’s big news… 1. Government increased the minimum support price of 14 Kharif crops: MSP of paddy increased by ₹ 117 to ₹ 2300, Tuar dal increased by Rs 550 The central government has increased the minimum support price (MSP) of 14 Kharif crops. The Union Cabinet took this decision on Wednesday. Union Information and Broadcasting Minister Ashwini Vaishnav said that the new MSP of paddy has been fixed at Rs 2,300, which is Rs 117 more than the previous MSP. The new MSP of cotton has been fixed at Rs 7,121. The new MSP of another variety of this has been made Rs 7,521, which is Rs 501 more than before. Vaishnav said that 2 lakh new warehouses will also be built in the country. Click here to read the full news… 2. SBI will raise ₹ 20 thousand crores in FY25: Board approves fund raising, in January the bank had raised ₹ 5,000 crores In the current financial year i.e. 2024-25, State Bank of India (SBI) will raise up to ₹ 20,000 crores through long term bonds. The lender’s board has approved this on Wednesday (June 19). According to the exchange filing, the company will raise this fund on a public issue or private placement basis. About 1 week ago on June 11, the board of SBI approved raising $ 3 billion (Rs 25,031 crores) through loans in FY 2025. Then the bank had said that it would raise funds in one or more installments through a public offer or private placement of senior secured notes. Click here to read the full news… 3. Stock market at all-time high for the second consecutive day: Sensex touched 77,851 and Nifty touched 23,664, banking and IT shares rose The stock market made an all-time high for the second consecutive day on Wednesday (June 19). Sensex touched 77,851 with a gain of 550 points. However, later it came down and closed at 77,337 with a gain of 36 points. Nifty also touched 23,664 with a gain of 107 points today. It also saw a decline later and closed at 23,516, slipping 41 points. Banking and IT shares have seen a rise. Earlier yesterday, i.e. on June 18, the market had also made an all-time high. Click here to read the full news… 4. Tata Motors increased the price of commercial vehicles by up to 2%: New prices will be applicable from July 1, 2024; Share rose more than 73% in a year Tata Motors on Wednesday (June 19) announced to increase the price of all its commercial vehicles by up to 2%. The increased prices will be effective from July 1, 2024. The company has given this information in the exchange filing. Tata Motors said that this decision has been taken due to the increase in commodity prices. The company says that the price hike will be applicable to the range of all commercial vehicles and the increase will vary according to different models and variants. Click here to read the full news… 5. Nvidia became the world’s most valuable company: surpassed Microsoft, market cap reached $3.34 trillion US semiconductor chip maker Nvidia has become the world’s most valuable company by surpassing Microsoft. Nvidia Corp’s stock closed at $135.58 (about Rs 11,300) on Tuesday, June 18, with a gain of $4.60 (3.51%). With this rise in the share, the market cap of the company has reached 3.34 trillion dollars (about 278 lakh crores rupees). At the same time, the market cap of Microsoft is 3.32 trillion dollars (about 276 lakh crores). On Tuesday, Microsoft’s share closed at 446.34 dollars with a decline of 0.45%. Click here to read the full news… 6. DEE Development and Acme Fintrade IPO opened: Retail investors can bid till June 21, minimum investment ₹ 14,819 Two Initial Public Offers i.e. IPOs have opened on Wednesday (19 June) for listing in the share market. These include DEE Development Engineers Limited and Acme Fintrade India Limited. Let us know about the IPOs of these two companies one by one. DEE Development wants to raise a total of ₹ 418.01 crore through this IPO. For this, the company will issue 16,009,852 new shares worth ₹ 325 crore. At the same time, the existing investors of the company will sell 4,582,000 shares worth ₹ 93.01 crore through Offer for Sale i.e. OFS. Click here to read the full news… Now read the news of your need FD vs Kisan Vikas Patra Scheme: Many banks including SBI and Axis increased the interest rates of FD, know where to invest now is more beneficial Axis Bank, HDFC, Union Bank, Bank of India and many other banks including State Bank of India have recently increased the interest on fixed deposits (FD). In such a situation, if you are planning to get FD in these banks or any other bank, then before that you should also know about the interest rates of Kisan Vikas Patra (KVP) scheme of Post Office. 7.5% interest is being given in this. We are telling you about this scheme. Click here to read the complete news… Also see who were the top 10 richest people in the world yesterday… Know the status of yesterday’s stock market and gold-silver… Know the latest prices of petrol-diesel and gas cylinders…
