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Cryptography and blockchain are terms you often hear when people talk about online security or things like Bitcoin. They’re related but not the same. Cryptography is a technique—a collection of methods, such as encryption, designed to secure information. Blockchain is a system—a structured framework that employs cryptography to maintain a shared, tamper-resistant record.

In this article, we’ll explain 3 main differences between them in easy-to-understand language, perfect for anyone curious about how these technologies work.

What is cryptography in simple words?

How do you explain cryptography to a child?

Cryptography is a technique that safeguards information by transforming it into a secure, unreadable format. It relies on mathematical methods to ensure data remains confidential, unaltered, and authentic.

If we have to explain cryptography to a child, then we will do it like this: Imagine you want to send a secret note to your best friend in class, but you don’t want anyone else to read it. Cryptography is like a magic trick that scrambles your note so it looks like a bunch of nonsense. Only your friend, who knows the secret to unscramble it, can read the real message.

Cryptography’s primary components include:

• Encryption: Converting data into a coded format accessible only with a specific key.
• Decryption: Using the key to restore coded data to its original form.
• End-to-End Encryption: Ensuring only the sender and recipient can access the data, preventing intermediaries, such as service providers, from viewing it. This is common in secure messaging applications like WhatsApp.
• Additional Methods: Cryptography includes hashing, which generates a unique identifier to verify data integrity, and digital signatures, which confirm the authenticity of messages or transactions.

Cryptography is essential to numerous applications, including online banking, secure communications, and device protection, safeguarding sensitive information in daily digital interactions.

What is blockchain technology in simple words?

Blockchain is a system that functions as a distributed digital ledger, recording information across a network of computers. It organizes data into “blocks” that are chronologically linked, forming a chain highly resistant to modification. This design promotes transparency and trust without requiring a central authority.

Widely recognized for powering Bitcoin, where it tracks digital currency transactions, blockchain has broader applications, such as supply chain management, secure voting systems, and automated contracts. By integrating cryptography with a decentralized network, blockchain establishes a reliable and transparent record-keeping system.

How does Cryptography work in Blockchain?

Cryptography is a foundational element of blockchain’s functionality.

The techniques of cryptography—like encryption, hashing, and digital signatures act like locks to protect blockchain data. These methods ensure that only authorized users can add information and they stop anyone from messing with what’s already there, so that existing records remain unaltered.

Cryptography supplies the essential tools, while blockchain builds a robust system with their help to enable secure, decentralized operations.

Also Read – The Very First Post You Should Read to Learn Cryptocurrency

3 Important Differences Between Cryptography and Blockchain

The following are the three most critical differences between cryptography and blockchain, selected for their importance in understanding these concepts:

1. Technique vs. System

• Cryptography: A technique comprising methods like encryption, decryption, and end-to-end encryption to secure data. It functions as a toolset for protecting information.
• Blockchain: A system that integrates cryptography with a distributed network and consensus protocols to create a secure, shared ledger. It is a comprehensive framework for managing and verifying data.

2. Purpose and Objective

• Cryptography: Focuses on ensuring data confidentiality, integrity and authenticity. Its primary goal is to protect information from unauthorized access or alteration.
• Blockchain: Seeks to establish a transparent, tamper-resistant record that multiple parties can trust. It emphasizes shared accountability and verifiability across a network.

3. Independence vs. Dependence

• Cryptography: Operates independently and has been employed for centuries, from ancient coded messages to modern digital security. It requires no specific system to function.
• Blockchain: Relies on cryptography to ensure its security and integrity. Without cryptographic techniques, blockchain’s ability to maintain a trustworthy ledger would be compromised.

Cryptography has a long history, dating back to ancient methods like coded messages for military or diplomatic use. It remains a fundamental, often understated component of technology. Blockchain is a relatively new innovation, introduced with Bitcoin in 2009. It has garnered significant attention for its potential to transform industries like finance and logistics.

Let’s Sum Up Blockchain and Cryptography for Bitcoin

In a Bitcoin transaction, cryptography and blockchain collaborate seamlessly.

Picture a Bitcoin transaction: you send some digital cash to a friend. Cryptography is the secret agent making it happen safely—it encrypts your transaction details, uses digital signatures to prove it’s you, and hashes data to keep things secure. Blockchain is the public accountant, recording that transaction in a shared ledger everyone can check, so no one can lie about who owns what. Together, they make Bitcoin work: cryptography locks the deal, and blockchain keeps the record honest!

Cryptography provides the security foundation, while blockchain ensures a verifiable and decentralized record, enabling Bitcoin to operate as a trusted digital currency.

Also Read – What it will take for XRP to become the next Bitcoin?

The Bottom Line

Cryptography and blockchain are integral to modern digital systems, yet they differ significantly. Cryptography is a technique that employs methods like encryption, decryption, and end-to-end encryption to secure data. Blockchain is a system that leverages cryptography to create a transparent, tamper-resistant ledger. Understanding these key differences helps readers see how cryptography and blockchain work together to improve security and trust, particularly in innovations like Bitcoin.

Engaged in the business of power generation through renewable energy sources such as solar, Waaree Renewables Technologies Ltd is a subsidiary company of the Waaree Group. It manages the execution of Engineering, Procurement, and Construction (EPC) works for solar power projects.

The company has received a massive order worth ₹114.23 crore, as informed through an exchange filing. The order has been awarded by a domestic entity, although the name of the entity was not disclosed in the document. The company received the Letter of Award on May 16, 2025. This order falls under the Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0) scheme.

The Order Details
Waaree Energies will construct a 94 MW AC / 131.6 MW DC ground-mounted solar power plant. AC (Alternating Current) capacity refers to the usable power that is sent to the grid after conversion from DC, while DC (Direct Current) is the raw power output generated by solar panels before losses in conversion. The plant will be spread across multiple agricultural zones identified under the MSKVY 2.0 initiative.

Under the EPC (Engineering, Procurement, and Construction) scope, Waaree will oversee all aspects of the project:

• Design & Engineering: Includes plant layout, module alignment, electrical single-line diagrams, and foundation planning.
• Procurement: Sourcing of solar panels, inverters, module-mounting structures, cabling systems, and all auxiliary equipment.
• Construction & Commissioning: Covers site preparation, solar module installation, electrical wiring, inverter commissioning, grid connection, and overall system testing.

Furthermore, Waaree will be responsible for Operation & Maintenance (O&M) services over five years, which will include:

• Monitoring: Continuous performance tracking and analytics to detect faults promptly.
• Preventive Maintenance: Regular panel cleaning, torque and alignment checks, and vegetation control.
• Corrective Maintenance: Quick resolution of faults, including inverter replacement, damaged panel repair, and electrical troubleshooting.

The entire project is expected to be completed by March 31, 2026, which is the end of the FY 2025-26 timeline.

Also Read – This “Chaddi” Making Company Declares a ₹200 Dividend

Company Overview

Waaree RTL has a huge order book of 2,191 MWp that is yet to be executed. This is expected to be completed within 9–12 months.

The company exports its products to over 68 countries across the world.

Promoters hold a significant portion of the company, with the ownership percentage standing at 75%.

The company’s stock split from a face value of ₹10 to ₹2 in 2024, meaning it was done in the ratio of 1:5.

With a market cap of approximately ₹10,720 crore, shares of the company are trading at a P/E of 56.90. The company has generated a ROE of 58.93% over the period.

The company had reported a net profit margin of 17.17% in FY 2023–24.

Disclaimer:
This article is for informational and educational purposes only. It does not constitute financial advice. The author is not a registered financial advisor. While the content is written in good faith and with the utmost care, complete accuracy is not guaranteed. However, updates and corrections will be made as needed to ensure current and correct information.

Also Read – This Pharma Giant Announces ₹475 Dividend

Pro at manufacturing quality underwear, this company has declared a quite unusual dividend of ₹200. Generally, in India, such a high dividend is rarely seen.

The company we are talking about here is Page Industries, the licensee behind Jockey innerwear in India. It declared an interim dividend of ₹200 per equity share for the financial year 2024–25 on 15 May 2025. The decision was taken at a board meeting held this afternoon.

Board Meeting and Dividend Approval

The members of the Board of Directors approved a dividend of ₹200 per fully paid equity share of face value ₹10. So this dividend calculates to be 2000% of the face value, which is huge. The payout is scheduled to be completed on or before June 13, 2025. Shareholders whose names appear on the company’s register as of the record date will be eligible to receive this interim dividend.

The shares will start trading ex-dividend on June 12, 2025.

Also Read – This Pharma Giant Announces ₹475 Dividend

Series of Record Date Revisions

Although the company had already informed its investors about the upcoming dividend along with a pre-decided record date, there were multiple changes made later. Page Industries kept investors informed through separate stock exchange filings:

• April 18, 2025: The company first proposed May 23 as the record date.
• April 25, 2025: A revised notice moved the record date to May 21, 2025.
• May 15, 2025: Today’s announcement confirmed May 21 as the final record date and also fixed the payment timeline.

The shares will start trading ex-dividend on June 12, 2025.

The payment will be done on or before June 13, 2025.

Dividend History (Last Five Payouts)

Though this year’s ₹200 dividend is not the highest-ever dividend amount, the company had paid a dividend of ₹300 in August 2024.

Company Profile

Since 1994, Page Industries has held exclusive rights to manufacture and market Jockey innerwear in India and select neighbouring countries. Its product portfolio includes men’s, women’s, and children’s innerwear, along with loungewear and athleisure clothing.

Retail expansion has been another key factor in its growth. Page Industries operates a large network of exclusive brand outlets and shop-in-shop formats across India. Efficient supply chain management and rising consumer demand have also contributed to improved profit margins in recent quarters.

Also Read – Tata Elxsi Announces Record Date for Dividend

Page Industries is a part of the BSE 200 companies. With a market cap of ₹53,377 Cr, the company is trading at a P/E of 79. It has generated an ROE of 45.19%.

Disclaimer:
This article is for informational and educational purposes only. It does not constitute financial advice. The author is not a registered financial advisor. While the content is written in good faith and with the utmost care, complete accuracy is not guaranteed. However, updates and corrections will be made as needed to ensure current and correct information.

Abbott India Limited, a leading multinational pharmaceutical powerhouse, has announced a final dividend of ₹475 per equity share for the financial year ended March 31, 2025. This hefty payout, subject to shareholder approval at the 81st Annual General Meeting (AGM) on August 13, 2025.

Key Dividend Details:

Through an exchange filing on 15 May 2025, Abbott India Limited has declared a final dividend of ₹475 per equity share (on a face value of ₹10) for the financial year ended March 31, 2025. This dividend equals 4 750 % of the face value.

The company has set July 25, 2025, as the Record Date for determining
entitlement of Members to Final Dividend. The shares will start trading ex-dividend on July 24..

To be eligible for this payout, shareholders must ensure their names are registered in the company’s records or reflected as beneficial owners with depositories like NSDL/CDSL by the record date of July 25, 2025.

The dividend will be paid on or after August 18, 2025, following formal approval at the upcoming Annual General Meeting (AGM) scheduled for August 13, 2025.

The dividend yield stands at 1.36%.

Also Read – This “Chaddi” Making Company Declares a ₹200 Dividend

Abbott India Dividend History

Abbott India announces its highest-ever final dividend of ₹475/share for FY25, surpassing 2024’s ₹410. Earlier payouts include ₹325/share (2023: ₹145 special + ₹180 final) and ₹275/share (2022: ₹130 special + ₹145 final). 

With a market capitalisation of around ₹64,500 Crores, the shares of Abbott India are currently trading at a P/E of around 48 which is almost equal to the industry average.

The company came up with good numbers in its Q4 FY2025 results. It reported a net profit of ₹367 crore, which is a 28% increase. It also reported an 11.5% increase in revenue.

Company Overview

Also Read – Tata Elxsi Announces Record Date for Dividend

Established in 1944 as a subsidiary of Abbott Laboratories (USA), Abbott India is a leader in the Indian Pharmaceutical Market (IPM), with 7 brands in the IPM’s Top 100 and 12 brands dominating their therapeutic categories. The company drives innovation, launching 8 new products in FY24.

While primarily focused on India, the company also serves neighboring markets like Sri Lanka, Nepal, and Bhutan, with exports contributing 2% to annual revenues. 

Disclaimer:
This article is for informational and educational purposes only. It does not constitute financial advice. The author is not a registered financial advisor. While the content is written in good faith and with the utmost care, complete accuracy is not guaranteed. However, updates and corrections will be made as needed to ensure current and correct information.

Tata Elxsi Limited has informed stock exchanges about important dates for its 2025 Annual General Meeting (AGM) and dividend payment for the year ended March 31, 2025.

Company Overview:

Tata Elxsi is a leading design and technology provider. The company works on embedded software and digital solutions. Rising demand in its sectors drove strong results in 2024–25. A high dividend shows the board is confident in steady cash flows and wants to reward investors.

Dividend Details

The board has set June 11, 2025, as the record date to decide who will receive the dividend.

Also Read – This Pharma Giant Announces ₹475 Dividend

At its board meeting on April 17, 2025, Tata Elxsi recommended a dividend of ₹75 per equity share (face value ₹10), which translates to a 750% payout, subject to shareholder approval at the AGM . To determine who qualifies for this dividend, the company has set Wednesday, June 11, 2025, as the record date. Shareholders whose names appear on the company’s register or in the depositories’ records by the close of business that day will be entitled to receive the dividend .

For physical shareholders, the names as per the Register of Members at the end of June 11, 2025, will be eligible . For those holding shares electronically, eligibility will depend on the list of beneficial owners furnished by the depositories as of the same date and time .

Closure of Register of Members
To finalize the list of eligible shareholders and prepare for the AGM, the Register of Members will be closed from June 12, 2025, to June 25, 2025 (both days inclusive). No share transfers will be processed during this period.

Annual General Meeting
The 36th AGM of Tata Elxsi will take place on Wednesday, June 25, 2025, via video conferencing or other audio-visual means. The virtual format allows investors from across India and around the world to attend without the need to travel.

Also Read – Tata Motors Will Finalise Its 2025 Dividend on 20 June

Dividend Payment Timeline
Once shareholders approve the ₹75 dividend at the AGM, payments will be made on or before June 30, 2025, after deducting applicable taxes.

Disclaimer:
This article is for informational and educational purposes only. It does not constitute financial advice. The author is not a registered financial advisor. While the content is written in good faith and with the utmost care, complete accuracy is not guaranteed. However, updates and corrections will be made as needed to ensure current and correct information.

Tata Motors has fixed Friday, June 20, 2025, as the date for its 80th Annual General Meeting (AGM). Shareholders will meet to approve the final dividend for the year ended March 31, 2025. The meeting will also cover routine business matters.

Board Recommends 300% Dividend
At a board meeting held on May 13, 2025, the board of directors recommended a final dividend of ₹6.00 per equity share of ₹2 each. This works out to 300% of the share’s face value. The proposal now needs shareholder approval at the AGM. It will be paid to eligible shareholders on or before June 24, 2025.

Recommending vs Finalising a Dividend
When the board recommends a dividend, it is only a proposal. It shows what the directors believe the company can afford to pay. There is no legal obligation until shareholders vote. Finalising a dividend happens after shareholders vote in favour of the proposal at the AGM. Only then does the payout become binding and the company can distribute funds to eligible shareholders.

Also Read – Is ITC Giving a Dividend in 2025? – Ex-Dividend Date, Record Date, and Financial Results for Q4 FY25

Can a Recommended Dividend Be Cancelled?
Yes, a recommended dividend can be cancelled or changed before it is finalised. If new financial information emerges—such as weakened cash flow or unexpected costs—the board may revise its decision. Until shareholders approve the proposal at the AGM, it is not final.

Record Date, Ex-Dividend Date and Payment Timeline
Tata Motors has not yet stated the record date for its 2025 dividend but has confirmed the payment deadline of on or before June 24, 2025. The board may announce both the ex-dividend date and the record date at the AGM on June 20.

Note: Generally, record dates and ex-dividend dates are announced before the AGM, not at it. Companies often release these dates in advance to give shareholders time to plan their trades and ensure eligibility.

Modern electronic payment systems allow the company to credit accounts quickly once the eligible shareholder list is finalized.

Relation Between Ex-Dividend Date and Record Date
Under India’s T+1 settlement cycle, the ex-dividend date typically falls one business day before the record date.

For example, if the record date is January 15, the ex-dividend date would be January 14. Once the record date is officially declared, shareholders who held shares before the ex-dividend date will be eligible for the payout. Anyone buying shares on or after the ex-dividend date will not receive the dividend, since eligibility is determined based on holdings before the ex-dividend date.

Also Read – 5 Benefits of Cryptocurrency for Governments Around the World

Company Performance and Outlook
Tata Motors’ Q4 FY25 results showed mixed performance. Consolidated net profit fell 51% year-on-year to ₹8,470 crore, down from ₹17,407 crore in Q4 FY24. Revenue from operations remained largely flat at around ₹1.19 lakh crore, a marginal increase of 0.4% from the previous year.

EBITDA declined by 4.1% to ₹16,992 crore, resulting in an EBITDA margin of 14%, down 60 basis points. The passenger vehicles segment delivered moderate growth, while Jaguar Land Rover faced higher costs, affecting overall margins. Commercial vehicles recorded steady volumes, supporting revenue but unable to offset the profit decline.

Disclaimer:
This article is for informational and educational purposes only. It does not constitute financial advice. The author is not a registered financial advisor. While the content is written in good faith and with the utmost care, complete accuracy is not guaranteed. However, updates and corrections will be made as needed to ensure current and correct information.

In this article, we explain what is delta based open interest and how it helps traders understand real market positions by adjusting open interest with option delta for more informed and confident trading.

Delta-Based Open Interest is the total number of active futures and options contracts after each contract is weighted by its delta.

Open Interest (OI) is the total number of futures and options contracts that are still active. It shows how many positions are open at any time. OI helps traders see how lively the market is. Higher OI means more people are trading and the market has more liquidity.

Why Use a Delta-Based Framework?

Traditional OI counts every contract the same way. But options can behave differently depending on how close their price is to the actual asset price. This is where delta comes in.

• Delta measures how much an option’s price changes when the underlying asset price moves by one unit.
• Deltas range from -1 to +1. For a call option, delta is between 0 and +1. For a put option, delta is between -1 and 0.
• A delta of 0.5 means the option price moves half as much as the underlying asset price.

The Future Equivalent (FutEq) method uses delta to adjust OI. This makes the OI number reflect real risk better.

How Delta-Based OI is Calculated?

1. Find Each Contract’s Delta
   • For futures, delta is always +1 (or -1 if short).
   • For options, delta depends on how close the option’s strike price is to the current price.
2. Multiply OI by Delta
   • Futures contracts count fully.
   • Options count less if their delta is below 1. For example, an at-the-money option with delta 0.5 adds only half a contract to the total.
3. Add Up the Adjusted Numbers
   • Sum the adjusted open interest for all contracts.
   • This sum is the delta-based Open Interest or FutEq OI.

Advantages of Delta-Based OI

• Better Risk Assessment
  By using delta, the OI shows how much real exposure traders have to price changes.
• Fair Position Limits
  Regulators can set safer limits on how many contracts a person or firm can hold.
• Reduced Market Manipulation
  When limits reflect real risk, it is harder for a few traders to sway the market.

SEBI’s Delta Rule and Position Limits

The Securities and Exchange Board of India (SEBI) has proposed using the delta-based method for setting gross position limits in index options. Limits may be raised to Rs. 10,000 crore using FutEq OI instead of the old notional method. This change aims to keep markets fair and stable.

• Gross Position Limit is the maximum open exposure a client can have in index futures and options.
• Under the FutEq system, if your options have lower deltas, you may hold more contacts safely.

Market-Wide Position Limit (MWPL)

Another key concept is Market-Wide Position Limit (MWPL). This cap applies to all traders combined for a single stock.

• Today MWPL is 20% of a stock’s free-float market value.
• SEBI plans to lower it to 15% or use 60 times the stock’s average daily volume.
• If total delta-based OI reaches 95% of MWPL, trading bans start. The ban lifts when OI falls below 80%.

Why It Matters for Traders

1. Clearer View of Market Activity
   Traders can judge if big players are really exposed or just holding low-risk options.
2. Better Trading Decisions
   Knowing the true open interest helps traders pick strategies.
3. Compliance with Rules
   Following delta-based limits avoids penalties for breaking position caps.

Conclusion

Delta-based Open Interest or FutEq OI is a smarter way to measure active futures and options contracts. It looks at how much an option’s price will move when the underlying asset moves. This method gives a truer picture of market risk. It also helps set fair and effective position limits. As SEBI moves toward using delta-based rules, Indian markets should become safer and more transparent.

Disclaimer: We have taken the utmost care in preparing this information but cannot guarantee its absolute accuracy. Any necessary corrections will be made as required.

TD Easy Trade is a mobile trading app from TD Bank in Canada. It makes buying and selling stocks and ETFs simple and affordable. To help new users get started, TD Easy Trade offers several promo codes. These codes can save you money on fees or even give you bonus cash. In this article, we explain how each TD Easy Trade promo code works and how you can use them to your advantage.

What Is TD Easy Trade?

TD Easy Trade is a mobile app that lets you:

• Buy and sell Canadian and U.S. stocks
• Trade partial shares to invest with smaller amounts
• Access TD ETFs commission-free forever
• Open no‑fee accounts (Cash, TFSA, RRSP, FHSA)

With its clean design and clear fee structure, the app is perfect for both beginners and experienced traders.

Why Use a Promo Code

A promo code is a short string of letters or numbers that companies give to customers to unlock special deals. When you enter this code during sign-up or checkout, you can get discounts, fee waivers, or bonus rewards.

The terms “promo code” and “promotion code” mean the same thing. They refer to any code used in marketing campaigns to encourage you to try a product or service by offering you a benefit. You may see both names used, but they work exactly the same way.

Using a promo code for TD Easy Trade can help you:

1. Save on transfer fees when you move assets from another broker
2. Earn bonus cash by funding or transferring funds into your account
3. Enjoy commission‑free trades without worrying about fees

These offers make it cheaper and easier to begin your investing journey.

Top 3 Best Promo Codes for TD Easy Trade in 2025

1. GETSTARTED: Transfer Fee Reimbursement

• What it is: Reimburses up to $150 in transfer fees charged by your previous broker.
• Who qualifies: New or existing Easy Trade clients who open or enroll in a Cash, TFSA, RRSP, or FHSA account and transfer at least $25,000 in assets.
• How to claim:
  1. Sign up or enroll and enter GETSTARTED during account setup.
  2. Transfer $25,000 or more from another broker.
  3. Provide proof of fees.
  4. Receive up to $150 reimbursement within one month after transfer completion.

This code is ideal if you have a sizable portfolio elsewhere and want to switch without losing money on fees.

2. EASYSTART: $100 Bonus Cash

• What it is: Earn $100 when you transfer at least $500 into your Easy Trade account.
• Who qualifies: New or existing TD Easy Trade clients.
• How to claim:
  1. Open or enroll by the offer deadline and enter EASYSTART.
  2. Transfer $500 or more by the specified date.
  3. Maintain the assets in your account for about six months.
  4. Receive $100 bonus by the end of the offer period.

This offer is perfect for investors who want to start small but still earn rewards.

3. Commission‑Free First 50 Trades

• What it is: Your first 50 trades—both full and partial shares—are commission‑free.
• Details:
  • Full shares trade at $0 for the first 50 trades.
  • Partial shares trade at $0 for the first 50 trades.
  • All TD ETFs always trade at $0 commission.
• How to claim: No promo code needed. Simply open an account and start trading.

This benefit lets you explore different stocks and ETFs without paying fees.

Also Read – 5 Benefits of Cryptocurrency for Governments Around the World

How to Apply Your TD Easy Trade Promo Code?

Step-by-Step Guide

1. Download the App
   • Find TD Easy Trade on the App Store or Google Play.
   • Ensure your device meets the app requirements.
2. Open an Account
   • Choose Cash, TFSA, RRSP, or FHSA.
   • Complete the registration with your personal details.
3. Enter the Promo Code
   • During sign‑up, look for the “Promo Code” field.
   • Type GETSTARTED or EASYSTART, depending on your choice.
4. Fund or Transfer Assets
   • For GETSTARTED, transfer at least $25,000.
   • For EASYSTART, transfer at least $500.
   • Follow any deadlines and provide proof if required.
5. Meet the Requirements
   • Hold assets for the required period if using EASYSTART.
   • Submit transfer fee receipts for GETSTARTED.
6. Receive Your Reward
   • TD deposits reimbursements or bonus cash by the dates specified in the offer terms.

Tips to Maximize Your Reward

• Read the Offer Terms: Check all deadlines and requirements on TD’s official website.
• Pick the Right Code: Use GETSTARTED for larger portfolios or EASYSTART for smaller transfers.
• Combine Offers with Free Trades: After using a code, benefit from your first 50 commission‑free trades.
• Trade TD ETFs: Even after free trades end, TD ETFs remain free to trade.
• Set Calendar Reminders: Note key dates so you don’t miss any deadlines.

Frequently Asked Questions (FAQs)

Q: Can I use both GETSTARTED and EASYSTART?
A: No. Each offer has its own rules. Choose the one that best fits your needs.

Q: Are there any account maintenance fees?
A: No. TD Easy Trade has no account maintenance fees for Cash, TFSA, RRSP, or FHSA accounts.

Q: When will I receive my bonus or reimbursement?
A: GETSTARTED reimbursements arrive within one month after your transfer completes. EASYSTART bonus cash posts after your six‑month hold period ends.

Q: I already have a TD Direct Investing account. Can I still use these codes?
A: Yes. You can enroll an existing Easy Trade account in the offer, provided you meet the transfer or funding requirements.

Conclusion

Using a TD Easy Trade promo code can help you save on fees or earn bonus cash. Choose GETSTARTED for transfer fee reimbursement or EASYSTART for a $100 bonus. Don’t forget to take advantage of the first 50 commission‑free trades. Start investing today and make the most of these offers!

Keep visiting this blog post for new updates on TD Easy Trade promo code offers.

Disclaimer: Though the information in this article is provided with the utmost care, we do not guarantee its accuracy. Please visit the official TD Easy Trade website and speak to TD representatives for confirmation of any offers or details.

In this article, we will discuss ITC Dividend 2025. We will also talk about the ex-dividend date, record date, and payment date for ITC Dividend 2025. ITC Limited’s dividend history will also be covered. We will look into the recent financial performance of ITC for Q4 FY2025 and explore other important financial metrics. So, let us get started.

About ITC Limited

ITC Limited began in 1910 as the Imperial Tobacco Company of India. Over time, it diversified into new businesses like hotels and FMCG. Today, ITC is a leader in cigarettes and has strong brands in foods, stationery, and agri-business.

Headquartered in Kolkata, ITC serves customers across India and in over 90 countries. The company has manufacturing units for cigarettes, packaged foods, paperboards, and agri-products. ITC also runs luxury hotels in India under the ‘Welcomhotel’ brand.

In 2005, ITC entered the paperboards and packaging business, becoming one of the largest in India. It later launched branded packaged foods like ‘Aashirvaad’ atta and ‘Sunfeast’ biscuits. The company expanded into agri-business with farm development programs and retail outlets.

ITC’s IT services arm provides software solutions to global clients. The company focuses on sustainability and has large forest plantations to support its paperboards division. Through its diverse businesses, ITC creates long-term value and steady returns for shareholders.

ITC Dividend 2025 Announcement

In an exchange filing on 8th May 2025, ITC informed investors about the Q4 results for FY 2024-25 and the final audited results for the same period. Along with that, ITC also mentioned the announcement of the ITC Dividend for 2025.

According to an official exchange filing dated 8th May 2025, the ITC Board of Directors will meet on 22nd May 2025 to consider and approve the audited financial results for FY 2024-25 and to recommend the final dividend.

Important Dates for ITC Dividend 2025

• The ex-dividend date for ITC 2025 dividend is (to be updated).
• The record date for ITC dividend 2025 is (to be updated).
• The payment date for ITC dividend for 2025 is (to be updated).

Let us summarise the important dates for ITC Dividend 2025:

Also Read – Tata Motors Dividend 2025 Announced? – Record Date, Ex-Dividend Date & More

ITC Dividend History

As we can see, ITC has consistently rewarded its shareholders with attractive dividends. Despite market challenges, the company maintains a strong dividend culture.

How to Apply for ITC Limited Dividend 2025?

You do not need to apply yourself. Your broker and the company handle everything. Just ensure that your shareholding details and bank information are up to date. Then, on or after [Dividend Payment Date], ITC will directly credit the dividend to your bank account.

ITC Limited Dividend 2025 – Tax Rules Explained

Since April 2020, dividends are taxable in the hands of shareholders. If your total dividend income exceeds ₹5,000 in a year, the company will deduct 10% TDS, unless you submit a lower-tax certificate. You must include all your dividend income when filing your tax return.

Disclaimer:
This article is purely intended for informational and educational purposes. It does not constitute financial advice or a recommendation to buy, sell, or hold any financial instrument. The author is not a SEBI-registered financial advisor. Readers are strongly advised to consult with a certified financial advisor before making any investment or financial decisions.

There has been a serious allegation made by the National Stock Exchange of India (NSE) on a well-known global trading firm, Jane Street. According to a detailed report published by Moneycontrol, NSE’s surveillance system flagged some of Jane Street’s Futures and Options (F&O) trades on the exchange platform. The concern raised by NSE revolves around a specific trading pattern – one where Jane Street first opens a position in a particular direction and then quickly reverses it. What’s even more intriguing is that both trades – the entry and exit – were done with the same counterparty.

This kind of trade pattern raised suspicion within NSE, which led them to reach out to Jane Street’s custodian bank to get clarification. The custodian responded by stating that these trades were entirely algorithm-driven, meaning they were not executed by humans but by machines. These algorithms, according to the response, are powered by Artificial Intelligence and can operate in microseconds. They claimed that there was no malicious intent behind these trades.

While the investigation is still ongoing and no final conclusion has been reached yet, the incident has sparked fresh discussion within the trading community about algo-trading and strategies like Orderblock, which are part of the Smart Money Concept (SMC), also known as ICT-SMC developed by Michael J. Huddleston.

What is an Orderblock in Trading?

In trading, especially in the world of Smart Money Concepts, the term “Orderblock” plays a significant role. An orderblock refers to the last candle in the opposite direction before a big move.

• If the market is going to move up, the last bearish (down) candle before the upward move is called a Bullish Orderblock.
• If the market is going to move down, the last bullish (up) candle before the drop is called a Bearish Orderblock.

This idea is based on the belief that the market often creates a fake move in the opposite direction to grab liquidity before making the real move. This is also known in simple terms as stop hunting. The goal is to remove weak traders from the market by hitting their stop-loss orders.

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In the Jane Street case, the pattern observed — opening a position and then reversing it with the same counterparty — could resemble a fake move or liquidity grab like what we see in the orderblock theory.

Algo and Derivatives Trading Boom in India

In recent years, algo and derivatives trading has seen a massive surge in India. At the same time, retail participation has also exploded. More and more young traders and investors are entering the market, especially in the F&O segment.

To tackle the rising risks and to protect retail investors, SEBI introduced a series of new rules. These included increasing the lot size of F&O contracts, raising margin requirements, and other steps designed to reduce speculation and bring down overall trading volume.

These new rules have indeed shown some impact. The F&O volume has seen a notable drop, and retail participation has cooled off to some extent. But incidents like the Jane Street probe show that algorithmic trading is still very much active and can play a large role in market movements.

Financial Growth of Jane Street – What Is a Prop Trading Firm?

Jane Street Capital, a prominent proprietary trading firm, has experienced remarkable financial growth in recent years. In 2024, the firm reported a net trading revenue of $20.5 billion, nearly doubling its previous year’s earnings of $10.6 billion. This substantial increase underscores Jane Street’s significant role in global financial markets.

Proprietary trading firms like Jane Street operate by trading financial instruments using their own capital, rather than on behalf of clients. This approach allows them to retain all profits from their trading activities. Jane Street’s success is attributed to its expertise in high-frequency trading, market-making, and the use of sophisticated algorithms and artificial intelligence to execute trades across various asset classes and global markets.

The firm’s impressive financial performance reflects its strategic expansion and technological advancements, solidifying its position as a leader in the proprietary trading industry.

The Debate on Fairness and Transparency

This probe also brings back the age-old debate – is algo trading fair? Can machines really play a level field with retail traders? Machines can make decisions in microseconds. They don’t feel fear, greed, or panic. They just follow code and logic.

While there’s nothing illegal about using algos, the worry is about whether these systems are being used in a way that manipulates market conditions or takes unfair advantage of retail participants. That’s what NSE is trying to find out in this case.

The custodian has said that Jane Street’s trades had no bad intent and were fully machine-driven. But regulators want to ensure that there’s no pattern of manipulation or misuse of market structure.

Why Retail Traders Should Be Aware

Retail traders must understand that the market is not just a game of charts and indicators. There are big players, high-frequency traders, and algos operating behind the scenes. Strategies like Smart Money Concepts or Orderblocks are attempts to understand what these big players might be doing.

Understanding concepts like orderblocks can help retail traders avoid traps and fake breakouts. These theories suggest that markets are often moved by institutions to trigger retail stop-losses before the real move happens.

So when you see a sudden fake move in the market and then a quick reversal, think about whether that was just a stop hunt. These concepts aren’t perfect, but they give you a different way to see the market.

Conclusion

The probe into Jane Street’s F&O trades by NSE is still underway. Until the investigation is complete, we cannot say for sure whether any rules were broken. But this situation has shed light on how sophisticated modern-day trading has become. With machines, AI, and algorithms entering the market, trading is evolving faster than ever.

Retail traders must keep learning and stay aware. Understanding advanced concepts like orderblocks and being aware of how big players operate can offer an edge in this fast-paced environment.

Disclaimer- This article is for informational and educational purposes only. It is not intended as an inducement to trade or invest. All views expressed here are general in nature and should not be considered as financial advice. Always consult a certified financial advisor before making any investment or trading decisions.