Author: Finance Khabar
Mumbai: According to the data released by the Reserve Bank, the country’s reserves of foreign exchange increased by $ 1.01 billion to a new record level of $ 610.01 billion in the week ended June 02. Earlier, in the week ended June 25, it had risen by $5.07 billion to $609 billion. The foreign exchange asset, the largest component of foreign exchange reserves, rose by $ 748 million to $566.99 billion during the week ended July 02. During this, gold reserves also increased by $ 76 million and reached $ 36.37 billion. Reserves with the International Monetary Fund rose by…
Mumbai: There was a softening in foreign markets last week due to the concern of the delta variant of the Covid-19 virus, which also affected the domestic stock markets. BSE’s 30-share sensitive index Sensex closed at 52,386.19 on Friday, down 98.48 points, or 0.19 per cent, weekly. The Nifty of the National Stock Exchange too fell 32.40 points, or 0.21 per cent, during the week to end at 15,789.80 on the weekend. In the coming week, on May 12, the data of industrial production for May and retail inflation for June are to be released. The June figures for wholesale…
Twitter has named Vinay Prakash as the Resident Grievance Officer for India. This information has been received from the official website of the company. The US-based company has been in controversy for failing to comply with the new IT regulations in India. Along with this, other needs were also not able to be fulfilled. This includes appointing three key officers – Chief Compliance Officer, Nodal Officer and Grievance Officer for social media platforms with more than 50 lakh users. All three officers must be citizens of India. According to the updated information on Twitter, Vinay Prakash is the Resident Grievance…
New Delhi: The market capitalization of six of the top 10 Sensex companies collectively declined by Rs 92,147.28 crore last week. Tata Consultancy Services (TCS) and Reliance Industries were the biggest losers. Apart from Reliance Industries and TCS, market capitalization of Infosys, Hindustan Unilever, ICICI Bank and State Bank of India also declined last week. On the other hand, HDFC Bank, HDFC, Bajaj Finance and Kotak Mahindra Bank gained market valuation. The market capitalization of TCS declined by Rs 43,574.83 crore to Rs 11,86,563.20 crore and that of Reliance Industries by Rs 35,500.88 crore to Rs 13,14,293.35 crore in the…
New Delhi: NITI Aayog Vice Chairman Rajiv Kumar has said that the Indian economy will register a growth of more than 10 percent in the current financial year. He said that India’s growth is very strong and the disinvestment environment has improved. Kumar also emphasized that the country is better prepared to deal with any possible third wave of Covid-19. At the same time, the states have also learned lessons in dealing with the epidemic during the last two waves. Kumar said that it is hoped that now we are leaving the epidemic behind. With the entry into the second…
New Delhi: Accordingly, toll collections are expected to reach 4QFY21 revenues in 2QFY22 and record 15 per cent growth beginning 3QFY22 over FY20 sans a third wave. “These expectations are driven by the recovery in June 2021, stronger than the earlier seen in 2QFY21 during the first wave,” India Ratings and Research (Ind-Ra) said in a research report. In April and May 2021, average toll revenue fell by 10 per cent and 34 per cent respectively, compared to 4QFY21 owing to the localised lockdowns during second Covid wave. However, the toll collections in June 2021 saw an upward trajectory, reaching…
New Delhi: The sale of the fourth series of Sovereign Gold Bond Scheme 2021-22 will start from July 12 and will run till July 16. The issue price of this series has been fixed. RBI said on Friday that the price of gold per gram in this series will be Rs 4,807. If you apply online for the bond, you will get a discount of Rs 50 per gram. That is, the issue price of one gram of gold bond for such investors will be Rs 4,757. The issue price of the third series of Sovereign Gold Bond Scheme 2021-22…
Microsoft, one of the world’s largest technology companies, has decided to honor the hard work of the employees in the last financial year amidst the challenges. A bonus of $1,500 will be given by the company to all employees below the level of Corporate Vice President. Those employees who are part-time workers or are associated with the company on hourly rate will also get this bonus. Microsoft’s Chief People Officer, Kathleen Hogan informed the employees about this. This will apply to the company’s employees in the US and globally. Microsoft is not the first company to announce a pandemic-linked bonus.…
Messaging app WhatsApp seems to be on the backfoot regarding its new privacy policy. It has said that it will not force users to adopt its new privacy policy till the new data bill comes into force. In its reply given in the Delhi High Court, it has said that it will not limit the functionality of those users who are not following this privacy policy. Facebook-owned WhatsApp has surprised everyone with its move as it had the opposite stance in earlier statements. But now it seems to be softening. WhatsApp told a bench of Chief Justice DN Patel and…
New Delhi: The country’s largest software exporter company TCS will give jobs to 40 thousand graduates from the college this year. This company, the largest employer in the private sector, had hired 40 thousand fresh graduates last year as well. The company’s Global HR Chief Milind Lakkar said that his company with five lakh employees had recruited 40 thousand fresh graduates in the financial year 2020-21. In the financial year 2021-22 also, TCS will recruit 40 thousand fresh graduates from the campus. He said that the Covid-19 restrictions will not have any effect on the hiring. Last year, 3.60 lakh…
Mumbai: BSE Sensex and Nifty50 have closed with a fall for the second consecutive day. The Sensex closed down 0.35 per cent at 52,400 and the Nifty fell 0.24 per cent below 15,700. The market declined due to selling in banking stocks and Reliance. At the close of trading, the Sensex closed down by 182.75 points at 52,386.19 and the Nifty closed at 15,689.80, down by 38.10 points. Today only 10 stocks closed with gains on the Sensex, while the remaining 20 stocks closed with a fall. On the other hand, 24 stocks on Nifty50 closed with gains while 26…
New Delhi: Stronger inclusion of investors from deeper geographies and from mass income segments can contribute towards its growth story in coming times, the report said after deliberations of CII Mutual Fund Summit. India has witnessed tremendous growth in its mutual funds industry that has grown from Rs 1.13 lakh crores to Rs 31.7 lakh crores in AUM from March 2000 to February 2021. It translates to a strong CAGR of 17% over these 21 years. While urban affluent customers have been the largest contributor to this growth, the industry has also come a long way in penetrating to smaller…
New Delhi: SpiceJet will launch 42 new domestic and international flights between July 10 and 30, according to an official statement issued on Thursday. The carrier said it will start flights on Surat-Jabalpur and Surat-Pune routes. The airline will also be connecting the city of Surat with Jaipur, Hyderabad and Bengaluru, and Gwalior with Ahmedabad, Mumbai and Pune, the statement added. It will launch non-stop return flights on the Gwalior-Ahmedabad, Gwalior-Mumbai and Gwalior-Pune routes. The budget carrier said it has also introduced flights on the Kolkata-Patna, Patna-Surat, Surat-Patna, Patna-Kolkata, Ahmedabad Udaipur, Udaipur-Ahmedabad and Bengaluru-Kochi routes for the first time on…
The market fell sharply on the day of weekly expiry. Nifty broke below 15,800 level. Barring power, all sector indices of BSE fell. Major private banks increased the pressure. Metal and finance stocks dominated profit-booking. Even today, this stock has seen a fall of about 3 percent. Company-owned British band Jaguar Land Rover’s volumes are expected to decline by 36 per cent during the first half of the year on account of semiconductor shorts. This problem of chip supply seems to be overshadowing the company. Today only 7 stocks closed with gains on the Sensex, while the remaining 23 stocks…
New Delhi: Scottish energy company Cairn Energy has attached several Indian properties in Paris. After a tax dispute with the Indian government, an arbitrage court asked the Indian government to pay $1.7 billion in damages. But the Indian government denied this. According to the news, during the trial in the US court, Cairn had sought an order to confiscate the overseas assets of Air India. He said that since Air India is a Government of India company, its assets can be confiscated. Meanwhile, official sources in the Government of India have said that the government has not received any information…
New Delhi: The central bank RBI has imposed fines on 14 banks for violating certain rules related to disbursement of loans. The country’s largest State Bank of India is also included in these banks. Apart from this, RBI has also imposed penalty on IndusInd Bank, Bandhan Bank and Bank of Baroda. According to the RBI, these banks have violated the provisions of the guidelines set by the central bank for lending to non-banking financial companies (NBFCs). Apart from this, these banks have not followed the provisions related to restrictions and provisions on loans and advances and have been negligent in…
Bharat Sanchar Nigam Limited has increased the validity of the prepaid plan of Rs 699. Along with this, the telecom operator has also launched two new special vouchers for its customers. According to a new report, now the validity of Rs 699 plan has been increased from 160 days to 180 days. BSNL launched a promotional plan of Rs 699 in April 2021. Under the offer, the telecom service company had extended the validity of the plan for 20 more days. In the plan, customers get the benefit of unlimited calling, 0.5GB daily data and SMS. The plan initially came…
भारतीय एयरटेल ने भारत में एक नया सब्सक्रिप्शन लॉन्च किया है, जिसका नाम सिक्योर इंटरनेट है. कंपनी ने कहा कि इससे यूजर्स को ऑनलाइन काम करते हुए सुरक्षित रहने और किसी साइबर अटैक से बचने में मदद मिलेगी. कंपनी के मुताबिक, यह प्लान मालवेयर और फर्जी वेबसाइट्स को ट्रैक और ब्लॉक करेगा. इस नई सेवा को साइबर सुरक्षा से जुड़े मामलों से निपटने के लिए पेश किया गया है. ऐसे समय में यह प्लान बहुत मदद करेगा, जब लोग वर्क फ्रॉम होम और घरों से ही पढ़ाई कर रहे हैं. एयरटेल का कहना है कि नई सर्विस जोखिम वाली वेबसाइट्स…
Mumbai: The BSE Sensex on Wednesday bounced back by 193.58 pts, breaching 53K level at 53,054 on the strength of Metal, Realty, Capital Goods and Industrial stocks. The Nifty too rose by 61.40 pts to 15,879.65. Despite volatility, the equity market ended on positive note, as the Sensex opened higher by 58 pts at 52,919.71. During the day, it was advanced by 244 pts to 53,105.41, days high before closing at 53,054.76, gaining by 193.58 pts from its previous close. Meanwhile, it was fell by 110 pts to 52,751.76, days low. The Sensex registered days high and low at 53,105.41…
Chennai: The Chennai-based company noted that the overall market demand in July is better than in June this year. Commercial vehicles major Ashok Leyland on Tuesday said its manufacturing plants across the country would be operational between 6-25 days in July. The Chennai-based company noted that the overall market demand in July is better than in June this year. “Consequently, our plants will be working for more days in July compared to May and June, ranging from 6 to 25 days across various plant locations,” Ashok Leyland said in a regulatory filing. On June 1, the company had announced that…