Business Brief:Railway employees to receive ₹1,866 crore Diwali bonus; silver hits ₹1.35 lakh, delivering 57% return this year; PhonePe IPO expected soon

Yesterday’s Key Developments The spotlight was on the railways as the Centre cleared a Diwali bonus worth ₹1,866 crore for 10.91 lakh railway employees. In another major announcement, Paytm Money, in partnership with Jio-BlackRock, unveiled India’s first Systematic Active Equity (SAE) fund. What to Watch Today In Case You Missed It The central government has approved a Diwali bonus for railway employees, clearing a 78-day productivity-linked bonus (PLB) at the Cabinet meeting on September 24. The decision allocates ₹1,866 crore, set to benefit 10.91 lakh railway staff. Read the full story here 2. PhonePe IPO on the horizon as company files draft papers with SEBI to raise ₹13,310 crore Walmart-owned digital payments firm PhonePe has filed draft papers with SEBI for its IPO, the company’s spokesperson told Reuters on September 24. 3. Silver surges to ₹1.35 lakh with 57% returns this year; prices may climb to ₹1.40 lakh — investors can gain exposure via Silver ETFs Silver hit an all-time high of ₹1,35,267 per kg on September 23, marking a ₹49,000 jump this year — a 57% surge. Experts attribute the rally to rising industrial demand and see prices potentially climbing to ₹1,40,000 by year-end. Read the full story here 4. Paytm Money, Jio BlackRock launches India’s first AI-led equity fund: Retail investors can start investing with a minimum of ₹500 SIP or lump sum Paytm Money, in partnership with JioBlackRock, has launched India’s first Systematic Active Equity (SAE) fund. Investors can start with as little as ₹500 via SIP or lump sum in the ‘JioBlackRock Flexi Cap Fund,’ available exclusively on the Paytm Money app. Read the full story here Also, see the list of Wednesday’s ’s top 10 richest people worldwide ​​​​​​Check yesterday’s performance of stocks, gold, and silver markets Market Status: 24 September 2025 Index Performance: Nifty Top Gainers: Nifty Top Losers: Source: BSE / NSE 24 September 2025 Gold and Silver Prices Gold ₹1,13,584
(per 10 grams)
Down ₹730 Silver ₹1,34,089
(per kilogram)
Down ₹1,178 Find out the latest prices of petrol, diesel, and cooking gas