SBI PROMOTION EXAM JMGS TO

Syllabus, Pattern Of Examination.pdf

Dear promotion aspirations we have provide promotion booklet shortly....(short notes)

Today’s quote
“The more you praise and celebrate your life, the more there is in life to celebrate.”

Happy Sunday Morning 🍀

Today's Headlines from :

*Economic Times*

📝 Vedanta group to increase production across segments

📝 US reports 1st case of new form of mpox

📝 FPIs pull out Rs 22,400 crore so far in November, selling pressure continues

📝 Mercedes-Benz India to hike prices by up to 3% from January 1

📝 Cedar-IBSi Capital to fund 10-15 startups in fintech sector

*Business Standard*

📝 McDonald invests $100 mn to bring customers back after E coli outbreak

📝 We have invested $20 bn, want to be among top 2 in our sectors: KM Birla

📝 8,000 farm fire cases reported in Punjab in 2 months, 75% down from last yr

📝 Treatment worth Rs 9 cr authorised for 4,800 elderly under AB PM-JAY: Govt

📝 India's economy strong, inflation moderating, says RBI Governor Das

📝 Over 600 development projects carried out in Delhi villages in 7 months

📝 IMF flags Pak's tax shortfall among major concerns in $7 bn loan package

📝 Unesco, IT ministry host stakeholder consultation on safety, ethics in AI

*Financial Express*

📝 All Indian firms plan to boost investments in Gen AI: NTT study

📝 US announces increase in H-2B temporary foreign worker visas cap for 2025

📝 Niti Aayog’s WEP partners with Urban Company to empower women

📝 Central Railway to run special suburban trains for voter’s convenience

📝 India must expand to 2,500 universities for 50% enrollment: NITI Aayog CEO

📝 AirAsia launches first international flight from Port Blair to Kuala Lumpur

📝 PSBs bet on corporate loan book expansion, infra loans

*Mint*

📝 World’s largest coral hidden for 300 years discovered in the Solomon Islands

📝 India joins hands with Elon Musk's SpaceX to launch its most advanced satellite

📝 Hindustan Zinc emerges preferred bidder for Rajasthan gold mine block

📝 India to get over 1,400 'looted, trafficked' antiquities of $10 million from US

📝 CBDT launches campaign to assist income taxpayers with foreign asset reporting

📝 PM Modi lauds India’s booming start-up ecosystem and Rupay card success.

*NBC Update*
A new screen for cash drawer report has been rolled out in NBC today. Branch tellers can check the cash transaction performed by them during day by searching for *CDReport* in search box. Score announcement referring this has also been made.

Todays quote :
“Even the most positive people have negative thoughts, the secret is not to feed them.”

Good Morning and Happy Week Ahead ji 🤝🍀

Today's Headlines from :

*Economic Times*

📝 Number of EPFO subscribers up 7.6% at 73.7 million in 2023-24

📝 Zomato launches new feature, Food Rescue, to reduce food wastage

📝 FPIs withdraw nearly Rs 20,000 cr from equities in last 5 trading sessions

📝 Onion prices soar to 5-year high amid supply woes, exports boost

📝 Foreign companies pull more money from China's shaky economy

📝 IIFCL plans subsidiary for issuance of asset backed securities

📝 TA Associates to acquire majority stake in Vee Healthtek for $250 m

📝 Godrej Properties net debt rises to ₹7,572 crore in q2

📝 ID verification company Equal bags $10 million in first institutional raise

*Business Standard*

📝 Govt panel pulls up BSNL, DoT for slow pace of asset monetisation

📝 Indian-born founders lead the charge in US unicorns, reveals study

📝 Ashok Leyland targets Ebitda break-even for Switch Mobility in FY25

📝 Aster DM Healthcare-Quality Care India merger talks enter final lap

📝 Vedanta keeps cost guidance unchanged, pushes capital expenditure pedal

📝 Punjab & Sind Bank seeks bids to sell Rs 403 cr bad loans in 9 accounts

📝 REC eyes another Rs 5,000 crore fundraise through zero-coupon bonds

📝 Govt plans to integrate Gati Shakti portal with e-Shram database

📝 NFRA likely to propose audit norms for LLPs at Nov 25 board meeting

📝 New biz premium of life insurers rises 13% in October, shows data

*Financial Express*

📝 Titan boosts efficiency with AI, GenAI in manufacturing, retail

📝 Sebi plans to expand scope of UPSI

📝 Mcap of six of top 10 most valued firms drops Rs 1.55 lakh crore, RIL sees significant erosion

📝 Coal production from captive mines surge 33% so far in FY25

📝 Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

*Mint*

📝 Land purchases, joint development deals soar amid booming real estate demand

📝 Delhi HC dismisses ₹218 crore stamp duty notice against Ambuja Cements

📝 Russia signs comprehensive strategic partnership treaty with North Korea.

Todays quote:
“Do not let your hope down at the sunset of life . A sky full of stars awaits you.

Good Morning and Happy Weekend ji 💐🤝

Today's Headlines from :

*Economic Times*

📝 Defence forces seek green nod for ammo storage in Ladakh

📝 RBI imposes penalty on South Indian Bank

📝 Premji Invest buys 1.6 pc stake in Wipro for Rs 4,757 crore

📝 Zoomcar raises $9.15 mn from institutional investors

📝 Tata Motors Q2 Results: Profit declines 62% to Rs 477 crore, falls short of expectations

📝 Whirlpool India Q2 Results: Net profit rises 40% to Rs 53 crore on higher volume

📝 India's forex kitty falls $2.6 billion to $682 billion as of November 1

📝 SBI's deposit crosses Rs 50 lakh cr, net profit up 28 pc

📝 Xerox signs $1 billion IT services deal with TCS and HCLTech

📝 UnifyApps raises $20 million in round led by Iconiq Growth

📝 Haldiram Bhujiawala secures Rs 235 crore from Pantomath's Bharat Value Fund; sells minority stake

📝 Startup funding declines 57% on-year to $80.7 million this week

*Business Standard*

📝 Satellite spectrum: Jio, Airtel bat for restricted validity of 3-5 years

📝 India Cements Q2 result: Loss widens to Rs 339 cr, revenue falls 18%

📝 IndiGo announces new flights to bolster accessibility across East, NE India

📝 Vedanta Q2 net profit at Rs 4,352 crore; demerger completion by March-end

📝 Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.5%

📝 Taj Hotels' parent co IHC to add 120 properties to tap travel, wedding boom

📝 Indian multiplex chains see best festive weekend post Covid in Diwali 2024

📝 House of Abhinandan Lodha buys over 352 acres in key cities for Rs 3,000 cr

📝 Rail freight grows 1.5% in October to 131 million tonnes, shows data

📝 China approves $840 bn plan to refinance govt debt, boost economy

📝 Govt launches Rs 500 crore scheme to strengthen medical device industry

*Financial Express*

📝 Govt advances GDP data release time

📝 Centre plans to set up mini Silicon Valley in Goa: Piyush Goyal

📝 Shriram Life posts Rs 50 crore net profit in H1FY25

📝 Swiggy IPO subscribed 3.59 times led by QIBs

📝 India likely to take diplomatic route to deal with US sanctions on firms

📝 Poll-bound Maharashtra and Jharkhand may face fiscal stress

*Mint*

📝 Gold logs biggest weekly fall in over five months on dollar strength

📝 LIC looks to buy stake in standalone health insurer by March

📝 MRF Q2 Results: Consolidated net profit dips 19% to ₹470.70 crore

📝 NSE, BSE to remain closed on Nov 20 on account of Assembly Elections in Maha

📝 Reliance Industries loses over ₹4 lakh crore in market cap on earnings dismay.

Todays quote:
Think like a philosopher.
Train and rest like an athlete.
Take action like an entrepreneur.

Good MORNING ji 💐

Today's Headlines from :

*Economic Times*

📝 IHCL acquires majority shareholding in operating company of Tree of Life

📝 Company registrations on downhill trek, down 22% in October

📝 Swiggy raises Rs 5,085 crore from anchor investors ahead of IPO launch

📝 Govt to sell up to 2.5% stake in Hindustan Zinc through OFS

📝 Salesforce India FY24 profit jumps 40% to Rs 888 crore

📝 GAIL Q2 Results: Profit rises 11% to Rs 2,672 crore, revenue up 3.5%

📝 NBCC secures Rs 500 cr contract from BIS

📝 India, Kazakhstan to set up a JV in critical minerals sector

📝 Marut Drones raises $6.2 million from Lok Capital

📝 QubeHealth raises pre-series A funding from UIV, CanBank

📝 Deep-tech startup CastNX raises ₹ 23.22 cr from Arpit Khandelwal

📝 Wealth fund INA and VC firm Granite plan to invest $1.2 billion in Indonesia tech

*Business Standard*

📝 L&T to acquire 21% stake in E2E Networks in two-part Rs 1,406 crore deal

📝 Manappuram Finance Q2 results: PAT up 2% at Rs 571 cr on gold loan boost

📝 Will launch 3 biosimilars globally in 2-3 years: Biocon Biologics CEO & MD

📝 Shriram General Insurance eyes listing in 3 years, Q2 net profit up 17%

📝 Oil India Q2 results: Net profit rises multi-fold to Rs 2,016 crore

📝 Fidelity increases IPO-bound Lenskart valuation by 12% to $5.6 billion

📝 Apollo Green Energy prepares for IPO, eyes Rs 10,000 cr portfolio by 2025

📝 CBDT allows tax officials to waive or reduce interest due from taxpayers

📝 Bharat Connect clocks Rs 1 trillion in transaction value in October

📝 India joins race to host 2036 Olympics with formal letter of intent to IOC

📝 India's domestic air tariff up 43% in 5 years, just behind Vietnam

*Financial Express*

📝 Morgan Stanley opens new GCC in Mumbai

📝 Udaan’s growth stalls, losses down 19 per cent in FY24

📝 Energy demand in India to jump 35 per cent, power capacity triple by 2035

📝 Vanguard cuts Ola’s valuation to $2 billion

📝 Kharif output seen up 5.4 per cent, to boost rural income

*Mint*

📝 US yields mixed as election risks rise after solid 10-year note auction

📝 L&T boosts AI, data centre ambitions with E2E Networks deal

📝 US trade deficit widens to over two year-high in September 2024 on import boost

📝 Dr. Reddy’s to expand GLP-1 portfolio eyeing obesity and diabetes drug markets

📝 DCGI frames rules for imported cosmetics

📝 JSW Steel and Korean steel-maker eye $7.7 billion investment in Odisha plant

📝 Titan Q2 Results: Net profit falls 23% to ₹704 crore; revenue rises 25.8% YoY

📝 NMDC board to consider bonus issue for first time in 16 years on November 11

📝 Muthoottu Mini Financiers launches NCD issue to raise ₹150 crore

📝 UN report calls for trillions in climate finance to aid developing countries.

Promotion Opt out facility has been developed in HRMS (old portal).

Employees who do not wants to participate in the promotion exercise please Opt Out in HRMS before 10.11.2024 otherwise bank will presume that the employee wishes to participate.

Document from Manu

Today’s Quote:
Always Remember
If u need knowledge keep adding something new to your mind everyday.
And
If u need wisdom keep deleting few unwanted things from your mind everyday.
HAPPY SUNDAY GOOD Afternoon JI.

Today's Headlines from :

*Economic Times*

📝 Swiggy IPO valuation at $11.2 bn; several local, global biggies join in

📝 Centre works on security as it weighs moving classified files to e-Office

📝 Deutsche Bahn sources loco pilots from India for its global projects

📝 FPIs net sell domestic equities worth Rs 85,790 crore so far in October

📝 REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore; Rs 4 per share dividend declared

📝 ICICI Bank Q2 Results: Net profit jumps 14.5% YoY to Rs 11,746 crore, NII up 9.5%

📝 CBDT extends ITR filing deadline for corporates to November 15

📝 Alphabet's Waymo closes $5.6 billion funding to expand autonomous ride-hailing service

*Business Standard*

📝 Need fair sovereign ratings for capital access: Sitharaman at IMF meeting

📝 Inflation to moderate from 4th quarter but global conflicts pose risks: Das

📝 Adani group's Dubai-based firm to buy ITD Cementation for Rs 3,204 cr

📝 India, China troops working in line with resolutions: Chinese ministry

📝 DLF's sales bookings rise 66% to Rs 7,094 cr in Apr-Sept despite weak Q2

📝 JK Cement Q2 results: PAT falls 22.5% to Rs 136 cr, revenue at Rs 2,560 cr

📝 Over 8.4 million MGNREGS workers' registration 'deleted' in six months

📝 Sebi issues notice to Axis Bank about stake buy in Max Life Insurance

📝 Godawari Power and Ispat Q2 results: Net profit falls 38% to Rs 159 cr

📝 Ahead of Vistara merger, Air India finalises revised policy for cabin crew

📝 Govt launches special nationwide drive against substandard helmets

📝 Isro to launch electric propelled satellite in Dec: Chairman Somanath

📝 Income disparity declines 74.2% among those earning up to Rs 5 lakh: Study

📝 Centre doubles Mudra loan ceiling to Rs 20 lakh under new category

*Financial Express*

📝 Amidst Suspense Over Project 75 I Submarine, Spanish President Arrives in India

📝 CMS Info System’s net profit moderately rises 8% Y-o-Y

📝 PNB Housing Fin plans to restart its corporate book, says CEO

*Mint*

📝 India's real GDP to grow at 7.2% in FY25 on investment, consumption boost: FM

📝 Centre pulls up Meta and X as over 300 flights face bombing threats in 2 weeks

📝 Centre weighs grand plan for critical mineral show

📝 Heavy rains warning in Thiruvananthapuram, 7 other districts of Kerala.

*Major Overhaul: Public Provident Fund (PPF) Rules Effective October 2024*

The Indian government has introduced significant changes to the Public Provident Fund (PPF) rules, effective from October 2024. These changes aim to streamline the scheme, enhance flexibility, and align it with contemporary financial needs.

*Key Changes:*

*Increased Investment Limit*: The annual investment limit in PPF has been raised from ₹1.5 lakhs to ₹2.5 lakhs.

*Flexible Withdrawal Options*: Partial withdrawals allowed from the 3rd year onwards, instead of the 7th year.

*Loan Facility*: Loan facility available from the 3rd year to the 5th year, with reduced interest rates.

*Nomination Rules*: Nomination mandatory for accounts opened after October 2024.

*Account Closure*: Premature closure allowed after 5 years, subject to conditions.

*Interest Calculation*: Interest calculated on the lowest balance between the 5th and the last day of the month.

*Premature Withdrawal*: Premature withdrawal allowed for specific purposes (e.g., education, medical emergencies).

*Online Services*: Online facility for opening, investing, and withdrawing from PPF accounts.

*Other Important Aspects:*
- *Tax Benefits*: PPF continues to offer tax benefits under Section 80C.
- *Maturity Period*: The maturity period remains 15 years.
- *Extension Options*: Account extension options remain unchanged.

*Implications and Benefits:*
- Increased investment limit attracts more investors.
- Flexible withdrawal options enhance liquidity.
- Reduced interest rates on loans make borrowing more attractive.
- Mandatory nomination ensures smoother succession.

*Effective Date:* These changes come into effect from October 1, 2024.

*Action Items:*

- Review existing PPF accounts and adjust investments accordingly.
- Consider taking advantage of increased investment limits.
- Familiarize yourself with new withdrawal and loan facilities.

Photo from Manu