EPFO Allows Full PF Withdrawal
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🗞️ EPFO permits 100% provident fund withdrawal
The Employees’ Provident Fund Organisation (EPFO) has simplified PF rules, now allowing 100% withdrawal in cases like job loss or critical illness. The change is expected to streamline claim processing and offer workers greater liquidity.
💬 Expert Take — “Full withdrawal flexibility reflects modern workforce needs while keeping the safety net intact.”
🗞️ Silver soars to ₹1.89 lakh/kg — a record high
As per Moneycontrol, silver prices jumped to ₹1,89,000 per kg, driven by tight London supply and safe-haven buying amid global volatility.
💬 Expert Take — “Silver’s industrial demand meets investor fear trade — a rare double boost for metals.”
🗞️ Foxconn confirms ₹15,000 cr Tamil Nadu investment
Foxconn executives met CM M.K. Stalin and reaffirmed plans to invest ₹15,000 crore in electronics and semiconductor manufacturing in Tamil Nadu, expanding its ‘Make in India’ operations.
🗞️ Emirates NBD eyes stake in RBL Bank
Emirates NBD is in talks to acquire a strategic stake in RBL Bank, pending RBI clearance. If approved, it would mark a major foreign bank entry into India’s private lending space.
🗞️ LG Electronics lists at 50% premium
LG Electronics India made a stellar debut on Dalal Street, listing at a 50% premium to its issue price. Strong institutional demand and brand trust drove listing-day momentum.
🗞️ Google to invest $10 billion in South India data hub
Google announced a $10 billion investment plan to expand its AI and cloud data-centre network across South India by 2030, boosting digital infrastructure and jobs.
🗞️ Global markets drag Sensex, Nifty lower
After a strong week of gains, Indian indices fell as investors tracked weak overseas cues. Sensex lost 297 pts and Nifty 50 dropped 82 pts, led by profit-booking in banks and auto stocks.
📊 Market Update
📉 Sensex: 82,029.98 ▼ 297.07 pts (-0.36%)
📉 Nifty 50: 25,145.50 ▼ 81.85 pts (-0.32%)
🪙 Gold (per gram): 24K ₹12,835 ▲ ₹295 | 22K ₹11,765 ▲ ₹270
🥈 Silver (per kg): ₹1,89,000 ▲ ₹4,000