Author: Finance Khabar

Mumbai: Today, with the Sensex gaining nearly 177.72 points, it closed at the level of 36021.42, while the Nifty closed at 10607.35 points with a gain of 55.65 points. Apart from this, today a total of 2876 companies were traded on the BSE, out of which about 1346 shares closed up and 1374 stocks fell. At the same time, there was no difference in the share price of 156 companies. At the same time, the rupee strengthened by 38 paise against the dollar to close at Rs 74.63. Eicher Motors shares closed at Rs 19,121.00, up nearly Rs 767. Adani…

New Delhi: Directorate General of Civil Aviation (DGCA) said it was extending the suspension of scheduled international passenger flights in the country till 31 July 2020 but added that some international scheduled services on selected routes may be permitted on a case to case basis. Scheduled international passenger flights were suspended in India on 23 March due to the coronavirus pandemic. Modifying its 26 June circular that stated that scheduled international passenger flights will remain suspended till 15 July 2020, the regulator said on Friday it has decided to extend the deadline to 31 July 2020. “However, international scheduled flights…

New Delhi: The domestic currency rupee has been gaining ground for quite a while and it has been a second straight day of gains for the unit today (July 3, 2020), which closed at 74.64 per US dollar against previous day’s close of 75.01. During the day, the rupee made a high of 74.59 per US dollar tracking weakness in the dollar and strength in the domestic equities amid positive sentiment around Covid 19 treatment. Dollar index which measures the greenback’s strength against a basket of major currencies declined 0.11% to 97.195. Zydus Cadila’s potential Covid 19 vaccine got a…

New Delhi: As a relief to GST taxpayers, the Central Board of Direct Taxes (CBDT) on Friday said that the maximum late fee for Form GSTR-3B will be capped at Rs 500 per return for the tax period July 2017 to July 2020, provided that the returns are filed before 30 September 2020. GSTR-3B form is a self-declaration form that has to be mandatorily filed by those who have registered for Goods and Service Tax (GST), except Input Service Distributors & Composition Dealers, Suppliers of OIDAR and Non-resident taxable person. Even those with nil returns have to file the form…

New Delhi: Kotak Mahindra Bank (Kotak) and Innoviti Payment Solutions today announced that they have collaborated to offer convenient equated monthly installments (EMI) billing options on Kotak Debit Cards swiped on Innoviti POS terminals. Over 10 million Kotak customers now have the option of repaying their purchases in installments by using the EMIs on Debit Cards facility at 70,000+ Innoviti POS terminals across 1000+ cities. Importantly, with over half of Innoviti’s POS terminals installed in 350 smaller cities and towns in India with a population of less than 2 million, this arrangement will help consumers particularly in tier 2 &…

New Delhi: COVID-19 has impacted lives and businesses across the globe. The human society stands at the crossroads of a ‘New Normal’, something that will alter our future completely. Social distancing and curtailed movement have become the norm. Further, in this changing scenario, health protection through a comprehensive health insurance plan gains paramount importance. Staying ahead of the curve, ICICI Lombard General Insurance, India’s leading private sector non-life insurance company, has revamped its health insurance portfolio and introduced new age solutions. Further, to create awareness of the same among consumers, it has launched a unique #RestartRight campaign in mass media,…

Nagarjuna Fertilizers and Chemicals Ltd has announced that, the operating ammonia urea plant, has been temporarily shut down on July 01, 2020, due to the non-execution of amendment to the escrow agreement of the company. Further, the Company is working with the lenders and gas supplier for the extension of the escrow agreement and expects to resume the operations very soon.

New Delhi: Private trains will start operating in the country by April 2023. The fare of these trains will be compared to flights and AC buses. Railway Board Chairman Vinod Kumar Yadav has given this information on Thursday. Yadav has said that entry of private companies in the operation of passenger trains will give more speed to the operation of trains and technical force to the coach. VK Yadav also said that coaches need maintenance after covering a distance of four thousand kilometers, which will be needed after 40 thousand kilometers. It will be needed once or twice a month.…

New Delhi: With the ban of Tik-Tok in the country, opportunities for developers have increased in the Indian market. After the success of the Mitron and Chingari apps, now the ZEE5 is also preparing to enter this race. ZEE5 has announced that it will soon be launching a short video platform in India called HiPi. The ZEE5 says that the HiPi app has been built under self-reliant India and is designed keeping in mind the needs of Indian users. This app will be public before July 15. In such a situation, the app cannot be downloaded at the moment. The…

Hyundai Motors has launched its first electric minibus. The bus is named County Electric. This electric bus from Hyundai will be economical and environmentally friendly as compared to diesel-powered buses. This minibus is currently available for the Korean market. This Hyundai minibus has a 128-kWh high power lithium-ion-polymer battery. Once fully charged, the bus travels 250 km. The bus can be fully charged in 72 minutes through the standard Combo 1 DC system. At the same time, the battery of the bus can be charged in 17 hours through ordinary 220V power coming into the house. This bus comes with…

New Delhi: The CBI has filed a case against GVK Group of Companies Chairman G Venkata Krishna Reddy, his son Sanjay Reddy, Mumbai International Airport Limited and others for alleged irregularities of Rs 705 crore. This case is related to irregularities in the upgradation and maintenance of Mumbai Airport. The Airport Authority of India Limited had formed a joint venture with GVK Airports Holdings Limited, promoted by the GVK Group under Mumbai International Airport Limited, a public private partnership firm for upgrading and maintaining Mumbai Airport. On April 4, 2006, AAI entered into an agreement with MIAL for modernization, maintenance,…

Mumbai: The stock market closed on Thursday on a heavy note. Today where the Sensex gained about 429.25 points to close at the level of 35843.70. At the same time, the Nifty gained 121.65 points to close at the level of 10551.70. Apart from this, today on the BSE, a total of 2890 companies were traded, out of which about 1711 shares closed up and 1052 closed down. At the same time, there was no difference in the share price of 127 companies. Mahindra & Mahindra shares closed at Rs 529.70, up by Rs 31 each. Hero MotoCorp shares closed…

New Delhi: Payments using the Unified Payments Interface (UPI) hit an all-time high of 1.34 billion transactions worth Rs 2.62 trillion in June according to data released by the National Payments Corporation of India (NPCI). The previous high was recorded in February this year with 1.32 billion transactions worth Rs 2.22 trillion. Sequentially, the number of transactions grew at 9 percent from 1.23 billion in May, and the value of transactions rose 18 percent from Rs 2.18 trillion. From a year ago, payments grew 78 percent from Rs 1.46 trillion in June 2019. After the nationwide lockdown was imposed to…

New Delhi: Despite losing a quarter of his stake in Amazon Inc as part of his divorce settlement last year, Jeff Bezos’s net worth soared to surpass its previous peak. On Wednesday, shares of the e-commerce giant 4.4 percent to a record high of $2,878.70 shooting up the founder’s wealth to $171.6 billion, according to the Bloomberg Billionaires Index. Bezos’ previous record high net worth was recorded on 4 September 2018 at $167.7 billion. A massive gain of $56.7 billion in his wealth was made in this year alone, widening the wealth gap in the US as the country and…

New Delhi: Bharat Sanchar Nigam Limited (BSNL) has canceled the tender issued for 4G upgradation. It did so after the DoT refused to use Chinese telecom equipment. A source close to the development said that a new tender will be issued in this regard, in which the emphasis will be on prioritizing ‘Make in India’ products. The government had asked the public sector BSNL not to use Chinese equipment for 4G upgradation. Following this direct instruction means that the company will have to issue a new tender. Here, the railway has also canceled the tender to buy the thermal camera.…

Mumbai: There was a day of buying in the stock market today, the Sensex gained 498.65 points to close at 35414.45 points. At the same time, the Nifty gained 127.95 points to close at the level of 10430.05. Apart from this, today on the BSE, a total of 2906 companies were traded, out of which about 1503 shares closed up and 1276 shares declined. At the same time, there was no difference in the share price of 127 companies. At the same time, the rupee closed 9 paise down at 75.59 against the dollar this evening. Axis Bank shares closed…

New Delhi: The finance ministry on Wednesday disclosed a GST (Goods and Service Tax) revenue collection of Rs 90,917 crore of the month of June, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April. “The gross GST revenue collected in the month of June, 2020 is Rs. 90,917 crore of which CGST is Rs. 18,980 crore, SGST is Rs. 23,970 crore, IGST is Rs. 40,302 crore (including Rs. 15,709 crore collected on import of goods) and Cess is Rs. 7,665 crore (including Rs. 607 crore collected on import of goods),” the ministry’s statement said.…

New Delhi: For the second quarter i.e. July-September of FY21 beginning today, interest rate on small savings schemes including the likes of NSC, PPF and such other instruments have been held steady. This is despite a downward trend in yield on 10-year benchmark bonds. Small savings schemes see revision in interest rate on a quarterly basis based on the yield on 10-year government bonds. The move will encourage more investors to consider investment in these government backed schemes which are highly safe and provide assured returns in addition to tax deduction under section 80 C up to a limit of…

Bike manufacturer Hero MotoCorp has started sending its much awaited bike Extreme 160R to dealerships. Now the company has also given information about its price. This bike has been launched in the market with single disc and double disc two variants. Both variants of the bike are equipped with single channel ABS. Hero Extreme 160R has a 160cc air-cooled engine with fuel-injection system. This bike generates 15 bhp power at 8500 rpm and 14 Nm peak torque at 6,500 rpm. The bike comes with a 5-speed gearbox. According to the company’s claim, this bike can accelerate from 0-60 kilometers per…

Ride-hailing app Bolt has launched an electric bicycle-sharing scheme in Paris, expanding its transport offerings even as Uber pares back its own bike and scooter ambitions. The Estonian start-up said the bikes would be available on its platform from Wednesday. Users will need to switch from taxi-hailing to bikes within the app, and can then unlock one by scanning a QR code. It marks a significant investment from Bolt into so-called “micromobility” services, which were hard hit after the coronavirus pandemic wiped out demand in the still-nascent industry. Bolt is betting such offerings will help it recover from the crisis…