Government lifts ban on onion export: Paytm President and COO Bhavesh Gupta resigns, Air India changes baggage policy

Yesterday’s big news was related to onion. The government lifted the ban on export of onion. However, for this the Minimum Export Price (MEP) was fixed at $550 i.e. about Rs 45,800 per metric ton. Paytm’s President and Chief Operating Officer (COO) Bhavesh Gupta has resigned. Also, Paytm Money appointed Rakesh Singh as Chief Executive Officer (CEO). Before tomorrow’s big news, today’s major events will keep an eye on… Now read tomorrow’s big news… 1. Government lifts ban on onion export: One thousand kg onion will not be sold for less than ₹ 45,800, 40% export duty will also be imposed. The government lifted the ban on onion export on Saturday. However, for this the Minimum Export Price (MEP) was fixed at $550 i.e. about Rs 45,800 per metric ton. That means, the price of onion which will be exported must be minimum Rs 45,800 per metric ton. This order has come into effect from today itself and will remain valid till further orders. Apart from this, the government has also decided to impose 40% export duty on onion export. In December last year, when the price of onion had reached Rs 70 to 80, the government had banned the export of onion. Click here to read full news 2. Paytm President and COO Bhavesh Gupta resigns: Rakesh Singh appointed CEO of Paytm Money and Varun Sridhar as CEO of Paytm Services Paytm President and Chief Operating Officer (COO) Bhavesh Gupta resigns. have given. The company has given this information in its stock exchange filing on Saturday (May 4). Also, One-97 Communications Limited’s wealth management platform Paytm Money has appointed Rakesh Singh as Chief Executive Officer (CEO). Rakesh Singh has been made the CEO of Paytm Money in place of Varun Sridhar. Varun Sridhar has now been appointed as the Chief Executive Officer of Paytm Services Private Limited (PSPL). Bhavesh Gupta’s resignation will be effective from May 31, 2024. Click here to read full news 3. Air India changed the baggage policy: Now you can take only 15KG of luggage for free in the flight, earlier the limit was 20KG. Air India has changed its baggage policy for domestic flights. . According to the new policy of the Indian airline, now a passenger will be able to carry only 15 kg of luggage for free in the lowest fare category in the company’s domestic flights. Earlier there was a limit of carrying luggage up to 20KG in the cabin. Apart from this, the Indian airline owned by Tata Group has also made changes in other categories. The new policy has been implemented from May 2. The company had created a menu-based price model in August last year. Three categories were created in it, which include Comfort, Comfort Plus and Flex ‘Fair Family’. Click here to read the full news 4. Dmart’s fourth quarter profit increased by 22% to ₹ 563 crore: Income increased by 20% to ₹ 12,726 crore, the company’s profit increased by 6.61% in the entire financial year. The company operating the retail chain Dmart. Avenue Supermarts on Saturday (May 4) released the results of Q4FY24 i.e. the fourth quarter of the financial year 2024. In the January-March quarter, the company’s consolidated net profit increased by 22.39% on an annual basis (YoY) to ₹ 563.14 crore. The consolidated net profit of the company in the same quarter last year was ₹ 460.10 crore. Whereas in the last quarter (Q3FY24) it was ₹690.41 crore. That means the company’s consolidated net profit has declined by 18.43% on quarterly basis (QoQ). Click here to read the full news 5. Kotak Bank’s fourth-quarter profit increased by 18% to ₹ 4,133: Net interest income increased by 13% to ₹ 6,909 crore, the company will give a dividend of Rs 2 per share. Kotak Mahindra Bank on Saturday (4 May) released the results of Q4FY24 i.e. the fourth quarter of FY 2024. In the January-March quarter, the bank’s net profit increased by 18.22% on annual basis (YoY) to ₹ 4,133.30 crore. The net profit of the bank in the same quarter (Q4FY23) last year was ₹3,496 crore. Whereas in the last quarter (Q3FY24) it was ₹3,005 crore. That means the net profit of the bank has increased by 37.53% on quarterly basis (QoQ). Along with the results, the Board of Directors of the bank has also approved giving a dividend of Rs 2 per share to its investors. Companies give some part of the profits to their shareholders, it is called dividend. In the fourth quarter, the bank’s Net Interest Income (NII) i.e. net interest income increased by 13.20% on year-on-year (YoY) basis to Rs 6,909 crore. Click here to read full news 6. Adani Ports will develop port in Philippines: Company’s MD Karan Adani met the President there, heavy ships will also be able to operate Adani Group company Adani Ports and Special Economic Zone Limited (APSEZ ) is now preparing to invest in the Philippines. A release issued by the Office of the President of the Philippines said that Adani Ports has shown interest in developing a 25 meter deep port in Bataan, Philippines. It further said that President Marco has welcomed the plan of Adani Ports and Special Economic Zone in the Philippines. He has said that ports should be developed to handle agricultural products, so that the Philippines can compete at the global level. Recently, Karan Adani, son of Gautam Adani and Managing Director (MD) of Adani Ports and Special Economic Zone Limited (APSEZ), met with Philippine President Ferdinand Marcos Jr. Click here to read the full news Now read the news you need… Three IPOs will open next week: Opportunity to invest in Indegene, TBO Tech and Aadhaar Housing Finance, minimum investment ₹ 14,720 3 for listing in the stock market next week. Initial Public Offer i.e. IPO will be open. This includes Indegene Limited, TBO Tech Limited and Aadhaar Housing Finance. Let us know about the IPOs of these three companies one by one. Indigen Limited wants to raise ₹ 1,841.76 crore through this IPO. For this, the company will issue 16,814,159 fresh shares worth ₹760 crore. Whereas, the existing investors of the company will sell 23,932,732 shares worth ₹1,081.76 crore through Offer for Sale (OFS). Retail investors will be able to bid for this IPO from May 6 to May 8. On May 13, the company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Click here to read full news This week there was a decline in the prices of gold and silver: Gold came at Rs 71 thousand, silver came below Rs 80 thousand per kg. This week there was a decline in the prices of gold and silver. Has received. According to the website of India Bullion and Jewelers Association (IBJA), in the bullion market, at the beginning of this week, i.e. on April 29, gold was at Rs 72,239, which has now come down to Rs 71,191 per 10 grams, i.e. on May 4. That means its price has fallen by Rs 1,048 this week. Talking about silver, according to the IBJA website, at the beginning of this week it was at Rs 80,914, which has now come down to Rs 79,989 per kg. That means its price has fallen by Rs 925 this week. Click here to read the full news. Also see who were the top 10 richest people in the world yesterday… The market was closed on Saturday, so know the condition of the stock market and gold and silver on Friday… Petrol-Diesel And know the latest price of gas cylinder…

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