Author: Finance Khabar

Mumbai: Equity benchmark indices closed nearly 7 per cent higher on Wednesday as Asian shares extended a rally after Wall Street’s strong rebound overnight. Reports said the US Senate leaders had reached deal with the White House on a two trillion dollar coronavirus stimulus package. The BSE S&P Sensex closed 1,862 points or 6.98 per cent higher at 28,536 while the Nifty 50 ticked up by 497 points or 6.37 per cent to 8,298. All sectoral indices at the National Stock Exchange were in the green with Nifty financial service gaining by a whopping 9.7 per cent, private bank by…

Gurugram: Walmart India has promoted Sameer Aggarwal to the position of Chief Executive Officer for its Best Price wholesale stores from April 1. He will report directly to Dirk Van den Berghe, Executive Vice President and Regional CEO of Asia and Global Sourcing. Aggarwal is taking over the CEO position from Krish Iyer who is retiring from full-time management and will assume the role of an advisor to Best Price after eight years with the company. Aggarwal joined Walmart India in April 2018 as Executive Vice President overseeing strategy and administration and was promoted to Deputy CEO in January 2020.…

Google’s temporary staff whose contracts were supposed to end during the height of the coronavirus pandemic, will now be extended an additional 60 days. The company said contractors who had assignments scheduled to end during the height of the COVID-19 pandemic will be automatically extended two months, according to an internal document viewed by CNBC. This also includes assignments that have reached their maximum length, “where legally allowed,” the document stated.

New Delhi: Healthians, India’s largest doorstep health test provider, on Tuesday announced that the company has launched a chatbot to spread awareness about the virus, where individuals can ask their queries and receive verified information. The chatbot will disseminate accurate information about the coronavirus to the masses and dispel myths and doubts. The chatbot is simple to use and has been customized keeping for Indian audience. “We have received many queries from customers calling and panicking with minor symptoms and wanted to consult a doctor or get tested. We quickly responded to the situation by making it easy for people…

Mumbai : Vakrangee Kendra outlets are one-stop shops providing key essential services such as banking services, ATM services, online pharmacy, telemedicine health services including unlimited tele & video consultation with expert doctors & home blood test facility and online shopping of groceries. In the light of the outbreak of COVID-19 pandemic, under the Epidemic Diseases Act, 1987 that was invoked by the government, all non-essential service providers/ officers need to follow restraint and remain closed. However, establishments providing essential services are excluded such as providers of services such as banking and ATM, drinking water & sewerage, food & groceries, hospitals,…

Mumbai: After a Monday mayhem, equity benchmark indices extended early gains in choppy trade on Tuesday amid some government relaxations on statutory and regulatory compliance-related issues. The market sentiment improved after Finance Minister Nirmala Sitharaman said a fiscal package will be announced soon to offset the negative impact of coronavirus on the Indian economy. At the closing bell, the BSE S&P Sensex was up by 693 points to 26,674 while the Nifty 50 edged higher by 191 points to 7,801. Except for Nifty realty, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty IT…

ITR-GST return filing date extended, withdraw money from ATMs of any bank free New Delhi: Finance Minister Nirmala Sitharaman on Tuesday stated that the government is preparing an economic package which will be announced soon in a bid to tackle the economic fallout affecting the Indian economy due to coronavirus pandemic. She said the last date for filing Income Tax return for the year 2018-19 has been extended from March 31 to June 30, 2020. “Work is going on and we are very close to coming up with an economic package that will be announced sooner rather than later,” she…

New Delhi: With new studies pointing to chlorination of water as one of the potential ways to combat novel Coranavirus COVID-19, Alkali Manufacturers Association of India (AMAI) has kicked off an outreach programme beginning World Water Day (22nd March) aimed at raising awareness on chlorination of drinking water for disinfection. The campaign will entail close liaison with Public Health Engineering Departments (PHEDs) and municipal bodies across different States in the country. AMAI is the august body of manufacturers engaged in production of chemicals such as Caustic Soda and Soda Ash with Chlorine as a by-product. “Our confidence stems from the…

Bengaluru: Cashify, India’s leading re-commerce marketplace that sells and buys used electronic gadgets, has opened its new store in Rajaji Nagar, Bengaluru spread across approximately 400 square feet. This is Cashify’s third store in the city, the other two being located in Frazer Town and BTM. The new store has taken up Cashify’s kiosk and store count to 45. “While our retail model started with a vision to help customers sell their old smartphones on the spot, we have a much bigger pool of services, which we are looking forward to offering to our customers through the chain of kiosks…

People willing to do a virtual doctor consultation can call 1800 103 7093 (toll-free) to speak to a vHealth expert or give a missed call at 90290 96186 for online registration Lucknow: vHealth by Aetna (www.vHealth.io) has announced a special initiative of providing free access to its virtual doctor consultation service, until 15th April, to help ensure people have access to health care during the COVID-19 outbreak. vHealth provides professional and confidential medical consultations by telephone and video for people across the country. The announcement comes at a time when governments and healthcare authorities, around the globe, are recommending social…

Mumbai: Private sector lender IndusInd Bank has said that newly-appointed Managing Director and Chief Executive Officer (CEO) Sumant Kathpalia will take charge from Tuesday for three years. He will succeed Romesh Sobti whose tenure ended a day earlier. Kathpalia is a career banker with over three decades of experience in large multi-national banks like Citibank, Bank of America and ABN AMRO, including his stint as Head of Consumer Banking at IndusInd Bank Ltd. He has experience across diverse functions including business strategy, sales and distribution, operations, systems, risk and credit management, and financial management. However, his new role begins amid…

Bengaluru: IT software major Infosys said on Tuesday the US Securities and Exchanges Commission has given it a clean chit in the whistleblower case. “The company received notification that the SEC has concluded its investigation and the company does not anticipate any further action on this matter,” it said in a statement. Infosys said it also responded to all inquires received from Indian regulatory authorities. “The company will continue to cooperate with authorities should there be any additional requests for information,” it said. On October 21 last year, the company had said it is examining charges made by some unnamed…

Chennai: TVS Motor Company today announced significant measures to tackle the spread of COVID-19 (Coronavirus). The company has decided to halt all manufacturing operations at its plants in India and Indonesia till further notice. All relevant employees have already been provided with Work from Home facility. The well-being of the employees is paramount for the company. The immediate focus is to ensure the safety of employees, their families, and the extended enterprise including suppliers, dealers and our customers. TVS Motor Company has assured that it will protect jobs and salaries in the wake of the COVID-19 pandemic. The company also…

Mumbai: Reliance Industries Limited (RIL) on Monday said that it has set up India’s first COVID-19 dedicated hospital in Mumbai. “Sir HN Reliance Foundation Hospital in collaboration with the Brihanmumbai Municipal Corporation (BMC), has set up a dedicated 100 bedded COVID-19 centre at Seven Hills Hospital, Mumbai for patients who test positive for COVID-19,” RIL said in an official statement. “This first-of-its-kind-in-India centre is fully funded by Reliance Foundation and includes a negative pressure room that helps in preventing cross contamination and helps control infection. All beds are equipped with the required infrastructure, biomedical equipment such as ventilators, pacemakers, dialysis…

The Redmi Note 9S smartphone has been launched. The Redmi Note 9S looks similar to the Redmi Note 9 Pro launched in the Indian market earlier this month. Talking about important features, four rear cameras on the back panel of the phone and Snapdragon 720G processor have been used in the phone. The dual-sim Redmi Note 9A has a 6.67 inch full-HD + (1080 x 2400 pixels) display, aspect ratio of 20: 9. Its screen-to-body ratio is 91 percent. The brightness of the HDR10 display is 450 nits and Gorilla Glass 5 has been used for protection. There is an…

NEW DELHI: RBI on Monday said it would offer Rs 1 lakh crore to banks via repo operations in two equal tranches on March 23- 24. The objective is to tide over any liquidity requirement on account of disruptions due to coronavirus pandemic. As the virus cases climbed in India, the central and state governments have decided to completely lock down 80 districts in 17 states from where Covid-19 cases have been reported while the states can extend the list of districts as they deem fit. There are expectations that the shutdown will surely hit corporate earnings of India Inc.…

Mumbai: Reliance Industries Ltd (RIL) said on Monday it is enhancing its capacities to produce one lakh face masks per day and a large number of personal protective equipment like suits and garments for the country’s health workers to equip them further to fight the coronavirus challenge. India’s largest private sector company said it has already initiated a multi-pronged prevention, mitigation and ongoing support strategy that is comprehensive, sustainable and resilient. RIL has deployed the combined strengths of Reliance Foundation, Reliance Retail, Jio, Reliance Life Sciences, Reliance Industries and all the six lakh members of the Reliance Family on this…

Pune (Maharashtra): Gudi Padwa is a festival that is predominantly celebrated in Maharashtra and marks the beginning of the New Year and the harvest season. As a result, this festival is considered to be auspicious and the time ripe for the purchase of an asset such as gold or furniture. Since Gudi Padwa is synonymous with a new beginning, it is smart to invest for financial growth on this day as well. If you wish to do so without taking on unnecessary risk, consider adding an FD to your portfolio as it offers guaranteed returns. Here’s how investing in an FD this Gudi Padwa can usher…

Sensex ended 3,934.72 points or 13.15 percent in the red at 25981.24, and the Nifty plunged 1,135.20 points or 12.98 percent at 7610.25. Axis Bank, IndusInd Bank and Bajaj Finance are the top losers while HDFC Bank, Reliance Industries, ICICI Bank, HDFC and TCS are the most active stocks. After hitting lower circuit in the first hour of trade, the BSE Sensex plunged over 4,000 points before closing 3,934.72 points or 13.15% lower at 25,981.24. The Nifty settled 1135.20 points or 12.98% lower at 7,610.25, a four-year low. Benchmark indices opened lower in Monday tracking weak global markets as several…

Mumbai:  Indian Bank reached out to its valued customers under its ‘Pay Safe-Stay Safe’ campaign to play its part of being a responsible organisation of the country in its fight against the coronavirus pandemic.   Banks and ATMs, being one of the important and crucial places in a modern-day society, are frequented by the public in large numbers. This human contact might prove to be a hindrance in arresting the rapid spread of this virus as feared by the medical fraternity. Speaking on the issue, MD & CEO Ms. Padmaja Chunduru said, “We are concerned about the well-being of our…