Author: Finance Khabar
New Delhi: In today’s time, the cost of education has become very high. Even in ordinary private schools, teaching costs thousands of rupees every month. If we talk about higher education, then it takes millions of rupees to complete this course. In such a situation, if you do not plan for your children’s higher education from the beginning, then there can be a lot of trouble. Financial experts recommend that planning for education is better if it starts from the birth of the child. Graduation is done at the age of 18 and higher studies at the age of 21.…
New York: Stocks plummeted 7% at Monday’s market open, prompting the first marketwide trading halt since the depths of the financial crisis in December 2008. The losses came as an oil-price war and the escalating coronavirus outbreak hammered risk assets from all sides. The three major US indexes declined as equities investors digested the weekend’s oil-market news. The commodity tanked the most since 1991 on Monday morning after Saudi Arabia’s surprise price cuts kicked off a production war with Russia. The move followed Russia’s refusal on Friday to curb oil production to prop up the coronavirus-rattled market. Concerns about the…
Hyundai, the leading South Korean vehicle maker, is going to launch its flagship sedan car 2020 Hyundai Verna facelift in the Indian market. Today, for the first time, the company has officially released the teaser image of this car. The next generation has already been introduced in the overseas market such as China and Russia, now preparations are on to launch it in India. In different pictures, the curtain is covered with many things related to the design and engine of this car. If you talk about the design of this car, the biggest change will be seen in its…
Mumbai: Investors lost Rs 7 lakh crore in the domestic stock market on Monday due to the biggest drop in the number of points. The global stock market, including India, suffered a major fall due to the continuous spread of corona virus infection in the world, and the Bombay Stock Exchange’s Sensex plunged by 1,941 points, after the Sensex fell by more than 2,467 points during trading. The market capitalization of listed companies on the BSE declined significantly. In the end, the Sensex lost 1,941.67 points, or 5.17 percent, to close at 35,634.95 points from the previous close. Similarly, the…
60KM driving range and price of just Rs 35,000 The demand for electric vehicles is continuously increasing in the Indian market, especially in the electric scooter segment, many giants have made their presence known. Recently, the country’s leading two-wheeler manufacturer Bajaj Auto also introduced its new Chetak electric scooter in the market. Now the company is preparing to bring the lowest price electric scooter in the country market. Actually, Bajaj Auto is working on a single seater electric scooter. In November last year, the company bought an 8 million dollar stake in start-up company Yulu. Now the company is manufacturing…
New Delhi: Kotak Bank has expressed its intention to buy Laxmi Vilas Bank. Kotak Mahindra Bank has also submitted its proposal to RBI for this purchase. According to sources, Kotak Bank is also in talks with other investors for this. Kotak Mahindra Bank, however, declined to comment on the news. According to sources, Kotak Bank has been involved late in the race and is considering acquiring majority stake in Lakshmi Vilas Bank. Kotak Bank is looking for other strategic and private equity investors to be involved in this purchase. If this deal is done then Kotak Bank’s feet in South…
The biggest decline in terms of numbers New Delhi: Indian markets have witnessed the biggest decline in terms of numbers today. The Nifty has closed at the lowest level since December 2018, falling about 540 points. The Sensex has lost nearly 1950 points. The Nifty Bank has also lost nearly 4.75 per cent. Metal stocks were the biggest weakness today. The Nifty has fallen 538 points to close at 10,451 today. At the same time, the Sensex has fallen 1942 points to close at 35,635. The market is seeing recovery from the lower levels. The Sensex has improved about 630…
In the global market, there has been a steep fall of 30 percent in the price of crude oil. After 1991, there has been such a big fall in the price of crude oil. This decline in crude has been observed due to price war in Saudi Arabia and Russia. Also, due to the fast spreading corono virus in the world, demand has also decreased. Actually, there was no decrease in production despite the demand being low. There was a meeting between the Organization of the Oil Exporting Countries OPEC and its partners regarding the production cut, but no consensus…
Till now we have been depending on the insurance agent for any kind of insurance policy. And it often happens that in the course of selling his product, the agent sells us a policy that we do not need or that does not fit our needs. Every man’s income and his needs are different. Therefore, in the insurance market today, there are different insurance products according to every need. The special thing is that now we can also buy insurance policy online. All the policies of Life Insurance Corporation of India (LIC), the country’s largest life insurance company, are available…
Tokyo: A 30 per cent drop in crude oil prices has been recorded in the international market. This fall in crude oil prices is due to Saudi Arabia starting a price war with Russia. This is the biggest drop in crude oil prices since 1991. Apart from this, the decrease in demand due to the outbreak of Corono virus is also being said as a reason for the fall in prices. Actually, despite the low demand for oil, the supply remains the same. In such a situation, there was a meeting between the oil exporting countries organization OPEC and allies…
Heavy selling started in Indian stock market The Dow Futures slipped more than 1250 points amid poor global cues. The trend stopped at S&P FUTURES for a short time after a 5 per cent fall. Here, NIKKEI in Asia is trading down 6 per cent. SGX NIFTY also has a weakness of 325 points. US markets closed down on Friday. However, the Dow closed around 750 points lower from the lower levels. The S&P 500 and Nasdaq fell nearly 2 percent in Friday’s trade. There is pressure on the Corona front not to improve the situation. Energy shares have seen…
Washington: Facebook has decided to ban medical mask related advertisements permanently so that this social media platform cannot be used to further raise people’s concerns about the corona virus. The company said that in addition to the ban on advertisements on the social media platform, the company will be banned from posting posts on the Facebook marketplace for commercial purposes. Facebook said that it will start banning in the next few days. “Our teams are closely monitoring the status of covid-19 and if we feel that people try to take advantage of this public health emergency,” said Rob Leathern, the…
New Delhi: CBI has registered a case of fraud and corruption against Yes Bank founder Rana Kapoor. Earlier, the ED clamped down on the family of Yes Bank founder Rana Kapoor. A lookout notice was also issued against the son-in-law with Rana Kapoor’s daughter. Rana Kapoor’s daughter Roshni Kapoor was detained at the Mumbai airport. Roshni Kapoor was going to London. Earlier, ED has admitted Yash Bank founder Rana Kapoor to the hospital for medical examination before presenting it in court. Kapoor will be medically treated again. He has been taken to GT Hospital for medical purposes. He was then…
New Delhi: In the seven major cities of the country, the situation of renting office sites is expected to decline by 14 percent during 2020. According to JLL, a global property advisory company, it could have a net area of 40 million square feet in the review period. In the year 2019, the growth rate of rent on office space was 40 percent and 4.65 crore square feet of office space was rented. In the year 2018, it was just 3.32 crore square feet. Similarly, the supply of new office space increased by 45 percent to 5.16 crore sq ft…
New Delhi: In the Yes Bank crisis case, Subramaniam, Chief Economic Advisor, said that globally the capital to risk asset ratio (CRAR) of banks is close to 8 per cent, while CRAR for banks in India is close to 14.3%. Accordingly, our banks have 80% more capital to risk assets according to global scales. He said that the safety margin for our banks is very large. They do not have a shortage of capital. If we talk about the interest of the depositors, then the risk insurance has been increased from one lakh to five lakhs in this budget. In…
New Delhi: Due to the holiday of Holi, the market may remain under pressure in the coming week with less business day. Investors are eyeing Yes Bank crisis and Corona virus. Both of these have affected business sentiment. The stock market will remain closed on Tuesday due to Holi. Several macroeconomic figures are to come during the week. Industrial production and retail inflation data will be released on Thursday and the wholesale price index based inflation data on Friday. “Looking at the volatility and apprehension due to the current environment,” said Samitha Securities and Stocknote founder and CEO Jimin Modi.…
New Delhi: Increasing share in financial decision making of Indian women. According to a survey, 68 percent of the women are either managing their own money or playing an equal role in the financial decision of their families. According to a survey by Scripbox that provides online finance services, only ten percent of women entrust the responsibility of making financial decisions to a male member of their family. Most of the women surveyed follow the monthly savings rule. Only 30 percent of the women asked to invest in financial options like mutual funds. Scripbox conducted this survey in February 2020…
New Delhi: Foreign portfolio investors (FPIs) have net sales in the first five trading days of March, aside from the six-month buying trend. FPI has withdrawn a total of Rs 13,157.12 crore from Indian capital markets during this period. Investors’ perception has been affected amid growing concerns over the Corona virus. According to the depotory data, between March 2 and 6, FPIs have withdrawn Rs 8,997.46 crore from the stock markets and Rs 4,159.66 crore from the bond market. In this way they have withdrawn Rs 13,157.12 crore from the capital market. Earlier, from September 2019, FPIs remained in the…
Italy’s design house ‘Pininfarina’, owned by the country’s largest automobile manufacturer Mahindra, introduced the Battista Anniversario hyper GT on the occasion of its 9th anniversary. The company introduced its all-electric hyper car Battista in early 2019. Battista was named after the legend who built this design house. Currently, the company has introduced the Hyper Car Battista Anniversario on the 9th anniversary of this design house in 2020. Let us know, Battista is the most powerful electric hypercar in the world, Battista Annversario generates torque of 2300nm with the help of four electric motors with power of 1900hp. According to the…
New Delhi: There is a relief news for the account holders of YES Bank, who are in trouble. According to the news, now the account holders of Yes Bank can withdraw cash from ATMs of banks as well as other banks. Yes Bank has given information about this in a tweet. Tweeting from its official Twitter handle, the bank wrote, ‘Now Yes bank account holders can withdraw from their debit card from any bank’s ATM’. This tweet also tagged the Reserve Bank of India (RBI) and the Ministry of Finance. Let me tell you, on March 6, the RBI had…