Author: Finance Khabar

Announces INR 100 Crore (USD 12 Mn*) Investment for Amway India’s progress and transformation in the next 3-5 years New Delhi, Oct 30, 2025: Amway President and CEO Michael Nelson visited India this week to mark 10 years of the company’s manufacturing journey in the country – a milestone that reinforces India’s strategic importance in Amway’s global operations as one of only three global manufacturing hubs for Amway, alongside the US and China. Building on this strong foundation, the company plans to invest INR 100 crore (USD 12 Million*) over the next three to five years to further enhance Amway Business Owner/ Distributor…

Marks the 19th Exclusive Showroom in the State Meerut, Uttar Pradesh, 8th October 2025: KISNA Diamond and Gold Jewellery proudly announced the grand opening of its exclusive showroom in Meerut, located at a prime location in the city. This launch marks KISNA’s 19th exclusive showroom in Uttar Pradesh, further strengthening its growing retail footprint across the state. The inauguration was graced by Mr. Ghanshyam Dholakia, Founder & Managing Director, Hari Krishna Group. Speaking on the occasion, Mr. Ghanshyam Dholakia said: “Uttar Pradesh holds a special place in our journey. With the launch of our Meerut showroom, we aim to bring the…

Finance Desk – French energy giant TotalEnergies has announced plans to sell all its renewable energy businesses outside the US, Brazil, and Europe. This includes its investments in India, where nearly a quarter of its renewable portfolio comes from joint ventures with the Adani Group and its direct stake in Adani Green Energy. CEO Patrick Pouyanne said Adani Green is a “strong and growing company,” but confirmed that TotalEnergies will not expand its green energy ties with the group. “I would be very happy to sell my stake in Adani Green,” he added. The company had bought the stake for…

Finance Desk – Union Home and Cooperation Minister Amit Shah will be the Chief Guest at the 17th FE Best Banks Awards in Mumbai on Thursday. He will address top bankers and corporate leaders and also present awards to India’s best-performing banks and financial institutions. Maharashtra Chief Minister Devendra Fadnavis will also be present at the event. Key Highlights Amit Shah will share his views on policy reforms and India’s economy in a conversation with Financial Express editors Shyamal Majumdar and Rishi Raj. The awards recognise excellence among banks, NBFCs, and fintechs, with winners chosen by an independent jury led…

Finance Desk – The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) are working together to make it easier for foreign investors to enter Indian markets, according to a Reuters report. What Will Change? Simpler paperwork: Documentation will be standardised and reduced, especially for investors already regulated in their home countries. Faster approvals: Registration time will drop to 1–2 months, compared to the current six months. Aligned rules: RBI will relax its stricter requirements and match SEBI’s easier process for low-risk funds like insurance and mutual funds. Why Now? India is facing weaker foreign…

Punjab, 22 September: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, expresses its deepest condolences to the families affected by the tragic floods in Punjab recently.  In response to this unforeseen natural calamity, the Company has activated special measures to assist families of its affected policyholders. Understanding the immense challenges faced by the affected families during this difficult time, Bajaj Allianz Life Insurance has established a dedicated special claims settlement desk to prioritize the processing of death and disability claims for its customers impacted due to the floods. With utmost urgency, an expeditious process has been established…

Finance Desk – The Kerala High Court has ordered a vigilance inquiry into a major controversy at the Sabarimala temple, where over 4 kg of gold worth more than ₹4.3 crore has gone missing from the copper plates covering the Dwarapalaka (guardian deity) idols. What Happened? In 2019, the Travancore Devaswom Board (TDB) removed the gold-plated copper plates for re-plating. Records show the plates originally weighed 42.8 kg. By the time they reached a Chennai firm, Smart Creations, their weight had dropped to 38.25 kg. After re-plating, the weight rose only slightly to 38.65 kg, still showing a shortfall of…

Data from Indian Cyber Crime Coordination Center shows remarkable impact Meerut : Bharti Airtel today announced that its anti-fraud initiatives have resulted in a significant decline in cybercrime complaints, and that this has been further endorsed by recent information from the Indian Cyber Crime Coordination Centre (I4C) — Ministry of Home Affairs (MHA). Commenting on the initiative, Gopal Vittal, Vice Chairman and Managing Director, Bharti Airtel, said, “We are on a mission of eliminating Spam and financial frauds for our customers. In the past one year, our AI-powered network solutions have identified over 48.3 billion spam calls and blocked 3.2 lakhs…

Finance Desk – The Income Tax Department has extended the deadline for filing income tax returns (ITRs) for AY 2025–26 by one day, until September 16, 2025. The extension came after many taxpayers faced technical issues on the e-filing portal, including login failures and submission errors, during the last-minute rush. Record Filings Despite Glitches Last year, 7.28 crore ITRs were filed till the deadline of July 31. This year, filings have already crossed 7.3 crore (provisional numbers), with one more day still left. The steady rise shows better compliance and awareness among taxpayers, though portal slowdowns frustrated many users. Why…

Finance Desk – Indian regulators are delaying full cryptocurrency rules because they fear regulation might make digital assets look legitimate and create big risks for the financial system, according to a Reuters report citing official documents. The Reserve Bank of India (RBI) believes that managing crypto risks through regulation would be difficult. The documents say that while a total ban could address the dangers of speculative crypto trading, it would not stop peer-to-peer transfers or transactions on decentralised exchanges. At present, India has no comprehensive crypto law, but there are restrictions. The government charges a 30% tax on profits from…

Punjab, 5th September, 2025: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, expresses its deepest condolences to the families affected by the tragic floods in Punjab recently.  In response to this unforeseen natural calamity, the Company has activated special measures to assist families of its affected policyholders. Understanding the immense challenges faced by the affected families during this difficult time, Bajaj Allianz Life Insurance has established a dedicated special claims settlement desk to prioritize the processing of death and disability claims for its customers impacted due to the floods. With utmost urgency, an expeditious process has been…

Finance Desk – The GST Council, headed by Finance Minister Nirmala Sitharaman, has announced that 18% GST on health and life insurance premiums will be completely removed from September 22, 2025. Prime Minister Narendra Modi called it a “Diwali gift” for policyholders. At first glance, the move should make insurance cheaper if your premium is ₹100, you’ll now pay ₹100 instead of ₹118 (which included GST). All individual policies like term plans, family floater health insurance, and ULIPs will benefit from this exemption. However, experts warn the reality may be different. Earlier, insurance companies could claim Input Tax Credit (ITC)…

Finance Desk – The Securities and Exchange Board of India (SEBI) has announced fresh rules to monitor intraday positions in equity derivatives, effective from October 1, 2025. The move comes after SEBI temporarily banned U.S. high-frequency trading firm Jane Street from Indian markets, alleging that some of its trading strategies were manipulative and harmed retail investors. Key Changes in the New Rules Intraday Net Position Limit: Capped at ₹5,000 crore per entity in index options, compared to the current end-of-day limit of ₹1,500 crore. Gross Intraday Exposure: Limited to ₹10,000 crore, calculated separately for long and short positions. Monitoring: Stock…

Finance Desk – Sugar stocks rallied sharply in early trade on Tuesday, with some surging as much as 20%, after the government removed restrictions on ethanol production. Under the new rules for the Ethanol Supply Year 2025-26, sugar mills and distilleries can now produce ethanol from sugarcane juice, sugar syrup, B-heavy molasses, and C-heavy molasses without any limits. This move is part of the government’s push to promote ethanol blending in fuel while ensuring there’s enough sugar available for domestic consumption. Rajshree Sugars & Chemicals led the rally, jumping the most, followed by Shree Renuka Sugars and Dhampur Sugar Mills,…

New Delhi, 1st September ’25: Amid increasing consumer concerns over the safety and authenticity of nutrition products available in market today, Amway India, one of the leading companies supporting health and wellbeing, recently announced to have received National Forensic Sciences University (NFSU) – Nutritional Supplementation Testing for Sportspersons (NSTS) trusted recognition under its prestigious Trusted Certification Program for its key supplements from its flagship brand Nutrilite. This recognition reinforces Amway’s unwavering commitment to offering high-quality, safe, and scientifically backed nutrition products, endorsing five key products – Nutrilite All Plant Protein, Nutrilite Cal Mag D Plus K2, Nutrilite Glucosamine HCL with…

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Finance Desk – The Reserve Bank of India (RBI) has told Indian banks to closely monitor funds that might be coming indirectly from Pakistan, warning there is a “high risk” such money could be used to buy arms. Direct transfers from Pakistan to India are already heavily restricted and need RBI approval. However, a government source told Reuters that investigations found some Pakistani nationals were sending money via third countries to bypass the rules. The RBI’s directive, issued on August 6, follows a four-day military clash between India and Pakistan in May. It is rare for the central bank to…

Finance Desk – US President Donald Trump is moving ahead with plans to impose a 50% tariff on Indian goods, starting August 27, 2025, as part of his strategy to pressure Russia over its war in Ukraine. A draft notice from the US Department of Homeland Security says the higher tariffs will apply to Indian goods entering or withdrawn from warehouses after 12:01 am Eastern Daylight Time on August 27 (9:30 am IST). Earlier this month, Trump announced he would double tariffs on Indian imports from 25% to 50% because India continues to buy Russian oil. The US says the…

Finance Desk – The Indian rupee fell slightly by 3 paise to 87.16 against the US dollar in early trade on Wednesday. This drop came as other Asian currencies weakened and Indian stock markets also showed a negative trend. Traders said investors are being cautious because of possible talks between Russia and Ukraine and are also waiting for US Federal Reserve Chief Jerome Powell’s speech at the Jackson Hole Symposium later this week. At the currency market, the rupee opened at 87.16, compared to Tuesday’s close of 87.13. It touched a high of 87.10 in the early session. On Tuesday,…

Finance Desk – The proposed Online Gaming Bill, which is likely to be presented in Parliament today, has caused major worry in the gaming industry. Three major industry bodies All India Gaming Federation (AIGF), E-Gaming Federation (EGF), and Federation of Indian Fantasy Sports (FIFS) have written to Union Home Minister Amit Shah, asking him to step in and review the Bill. They warned that if the Bill passes in its current form, millions of genuine players could be pushed towards illegal and unsafe platforms. The industry says this could be the “death knell” for a sector that creates jobs and…