Author: Finance Khabar

SBI General Insurance, a big company that helps people with health insurance, has stopped offering a special low-cost plan called Arogya Plus. This plan was nice because it didn’t cost a lot of money and it was the same price for everyone, no matter how old they are or how many people are in their family. But now, the company says you can’t buy this plan anymore or renew it if you already have it. What Was Arogya Plus? Arogya Plus was a special kind of health insurance that was easy to get and didn’t cost too much. It was…

In the diverse world of investment, mutual funds stand out as a popular choice for those looking to diversify their portfolios without the need to manage each investment personally. Among the varieties of mutual funds, open-ended and close-ended funds present unique features, benefits, and limitations. This article simplifies these concepts, helping you choose which fund type aligns best with your financial goals. Understanding the Basics Open-ended funds offer a flexible investment route, characterized by the absence of share transfer restrictions. This type of mutual fund allows investors to buy or sell shares at any time, based on the fund’s current…

Navigating the home loan approval process can be as daunting as choosing the perfect home. But how long does it take to cross this bridge? This article breaks down the timeline and factors influencing the home loan approval process. Understanding the Timeline The home loan approval process varies widely, typically ranging from a few days to a few months. On average, you can expect it to take around 30 to 45 days. This timeframe is influenced by several factors, including the type of loan, the lender’s efficiency, and the borrower’s financial health and responsiveness. Step-by-Step Breakdown Pre-approval: Often the first…

In an era where financial flexibility is paramount, personal loans have become a popular means to meet various financial needs. However, with the rise in their popularity, there’s also been a surge in personal loan scams, tricking unsuspecting individuals into financial pitfalls. Here’s how you can spot these scams and shield yourself effectively. Identifying Personal Loan Scams Personal loan scams typically involve fraudsters attempting to con you by posing as legitimate lenders, offering enticing loan terms that are too good to be true. These scams are characterized by: Upfront Fees: Genuine lenders do not require you to pay fees before…

In a remarkable move to support environmentally sustainable projects, Bank of Baroda has launched the BOB Earth Green Term Deposit Scheme. This initiative not only offers attractive returns for depositors but also signifies the bank’s commitment to India’s eco-friendly future. Let’s delve into the specifics of this green financial offering and understand its benefits and features. A Win-Win for Savers and the Environment The BOB Earth Green Term Deposit Scheme is designed to cater to both existing and new customers who wish to contribute to the green economy while earning substantial interest rates. This dual-benefit approach allows depositors to play…

In a significant update from the National Highway Authority of India (NHAI), there have been notable changes in the roster of authorized entities eligible to issue FASTags. This development is particularly noteworthy for users of Paytm Payments Bank Ltd (PPBL), as the bank has been removed from the list due to directives from the Reserve Bank of India (RBI). The RBI’s decision stems from compliance issues and supervisory concerns, marking a pivotal moment for FASTag users associated with PPBL. What This Means for Paytm FASTag Users For individuals utilizing Paytm for their FASTag needs, this announcement heralds a considerable shift.…

Startups in India are booming, thanks to the country’s vast market, a growing economy, and a surge in tech-savvy entrepreneurs. However, navigating the startup landscape is no easy feat. From funding to regulatory hurdles, new businesses face a myriad of challenges. Let’s dive into some of the key obstacles that Indian startups grapple with. Funding and Financial Management One of the biggest hurdles for Indian startups is securing funding. While there’s an abundance of talent and innovative ideas, the capital needed to fuel these ventures is often hard to come by. Venture capitalists and angel investors are selective, and competition…

In a strategic move set to reshape the landscape of the Indian PVC pipes and fittings market, HIL Ltd, a stalwart under the CK Birla Group umbrella, has announced its acquisition of Crestia Polytech at an enterprise value of Rs 265 crore. This acquisition not only signifies a pivotal moment for HIL but also marks a significant expansion in its product range and market presence. HIL’s decision to acquire Crestia Polytech, including its four wholly owned subsidiaries – Topline Industries, Aditya Polytechnic, Aditya Industries, and Sainath Polymers – for Rs 265 crores, represents a calculated move to bolster its standing…

Entering the stock market can be as daunting as it is exciting. With thousands of options at your fingertips, knowing how to pick the right stocks is crucial. This guide is designed to demystify the process, breaking it down into simple, actionable steps. Whether you’re investing for growth, income, or stability, we’ll help you understand the basics of making informed decisions. Before diving into stock selection, it’s essential to clarify your investment objectives. Are you looking for long-term growth, or do you need income through dividends? Perhaps you’re interested in a blend of both. Your goals will significantly influence the…

In recent times, the Reserve Bank of India (RBI) has taken a strict stance on certain financial transactions, particularly those involving credit cards and third-party services. This action signifies a tightening of regulatory controls over digital payments, aiming to safeguard the financial system and its users. Let’s dive deeper into the RBI’s latest actions and their implications for consumers and the fintech sector. The Crackdown on P2P Payments The RBI’s recent focus has been on peer-to-peer (P2P) credit card transactions facilitated by third-party service providers. These transactions, often used to pay for services like rent and tuition fees, involve transferring…

In the world of finance and investment, insurance companies have marked a significant uptick in their stocks, thanks to their robust performance in February. Companies like LIC, HDFC Life, ICICI Pru, SBI Life, and others have shown remarkable growth in their new business premiums, leading to a bullish trend on the Bombay Stock Exchange (BSE). A Surge in Premiums February witnessed a significant leap in the new business premiums of several insurance giants. LIC, India’s largest public sector unit (PSU), led the charge with a staggering 67% increase in its premium. Close on its heels, Max Life reported a 51%…

Fosters women’s inclusion in the realm of health and wellbeing to cultivate healthier communities. Lucknow, 11 March 2023 – Amidst the resounding global call for #InspireInclusion, Amway India, one of the leading Health and Wellbeing companies, stood at the forefront on International Women’s Day with an unwavering commitment to prioritize women’s health through the powerful #HerHealthFirst approach. The initiative aimed at inspiring and amplifying the crucial discourse on women’s health. By organizing a series of events, the company articulated a powerful message to all aspiring women to take charge of their health goals and persist in pushing their boundaries to accomplish…

Special Video released on International Women’s Day to honour the crew that produces ‘Made by Women, For Women’ Vatika Hair Oil range New Delhi, March 8th, 2024: In a move that’s testament to gender parity across workplaces, Dabur India Limited has set up an all-women production line with 100% women employees at its largest-ever greenfield plant near Indore. In this first-of-its-kind development, a crew of 20 women are engaged in the production of Dabur’s range of Vatika Hair Oils — a range of products ‘Made by Women, for Women’. A special video honouring these ‘Vatika Women of Substance’ was launched…

Ever wondered how to gauge the performance of a mutual fund? Enter Net Asset Value (NAV), a crucial figure that mirrors the market value of a fund’s unit. Calculated at the end of each trading day, NAV offers a snapshot of a fund’s current value, making it an indispensable tool for investors. How is NAV Calculated? To put it simply, NAV is the difference between a fund’s total assets and its liabilities, divided by the number of units outstanding. This calculation is typically done by the fund house or an external accounting firm. Since the value of a fund’s assets…

For many, buying a home is a cornerstone of achieving financial stability and personal fulfillment. However, turning this aspiration into reality requires significant financial planning, especially when it comes to securing the funds necessary for purchase. With a plethora of financial institutions offering varied home loan rates, finding the most affordable option is crucial. Public Sector Banks: Leading the Charge In the realm of public sector banks, competitive interest rates make them a go-to choice for many prospective homeowners. These institutions offer a range of interest rates, catering to different loan amounts. For instance, starting rates can be as low…

Applying for a loan is a significant financial decision that can impact your credit score, a critical factor lenders consider when evaluating your loan application. Understanding how the application process affects your credit can help you make more informed decisions and maintain a healthy credit profile. Initial Credit Check: Hard Inquiry When you apply for a loan, the lender will perform a “hard inquiry” or “hard pull” on your credit report to assess your creditworthiness. This inquiry is recorded on your credit report and can cause a temporary dip in your credit score. Typically, a single hard inquiry might lower…

Inflation is a key economic factor that affects various financial products and investments, including fixed deposits (FDs). Understanding how inflation interacts with FDs is crucial for investors looking to preserve their wealth and ensure their savings maintain purchasing power over time. In simple terms, inflation refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. The Basics of Fixed Deposits and Inflation Fixed deposits are a popular investment choice for those looking for a safe and predictable return. Banks and financial institutions offer FDs at a fixed…

In a bold move to streamline operations and enhance governance, India’s digital payments giant Paytm, along with its payments bank unit, has decided to terminate various inter-company agreements. This decision, aimed at reducing dependencies, marks a significant shift in the company’s strategy to ensure more autonomous operations. Paytm, officially known as One 97 Communications, hasn’t disclosed the specifics of the agreements ended but emphasizes the move’s importance in supporting the Paytm Payments Bank’s governance, independent of its shareholders. The company’s leadership structure has also seen adjustments, with CEO Vijay Shekhar Sharma owning a 51% stake in Paytm Payments Bank, while…

Family health insurance is more important than ever to protect health and ensure the well-being of your family. They guarantee that you and your loved ones have high-quality medical care without bothering about the financial burden of medical costs. But more than that, health insurance planning is required. Health insurance planning is an essential aspect of family planning. It results in the wise use of an insurance policy to ensure that you get the best medical treatment while keeping your out-of-pocket expenses to a minimum. In this article, you’ll learn how to use your family healthcare insurance plan wisely. Tips…

Embarking on the journey to homeownership is a milestone event filled with anticipation and aspirations. One of the fundamental steps in making this dream a reality is planning your finances for a home purchase. If you are looking at securing a home loan, then knowing the various nuances of a home loan application can be helpful in your journey. Home loan is a process that, while detailed, can be navigated smoothly with the right information and preparation. This article aims to illuminate the path to applying for a home loan, offering insights and guidance to help aspiring homeowners through each…