Author: Finance Khabar
New Delhi: RBI has almost ready the bailout plan of YES BANK. According to the information being received, some foreign investors including SBI have given their proposal to RBI for putting money in it. However, it has not been confirmed yet. SBI can invest around $ 1 billion in YES BANK. An investment of Rs 5 to 7 thousand crores is expected from abroad. YES BANK is also expected to invest in HDFC Group and ICICI Group. Here Rakesh Jhunjhunwala and Radhakrishna Damani have also shown interest in YES BANK. Now RBI will decide the investment strategy in YES Bank.…
Nissan Motor Co is likely to pull out from a venture capital fund it runs with alliance partners Renault SA and Mitsubishi Motors, as part of the Japanese automaker’s drive to cut costs and conserve cash, sources said. Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters, declining to be identified because the information has not been made public. A Nissan spokeswoman said it was speculation and declined to comment. A Mitsubishi spokesman said no decision had been made. The move comes as…
Shriram Transport Finance Company (STFC) on March 10 said a penalty of Rs 5 crore has been imposed on the company through an Enforcement Directorate order in relation to an old case of issuing warrants. The company said it had received a show cause notice (SCN) from the Enforcement Directorate (ED) in relation to issue of warrants by erstwhile Shriram Holdings (Madras) Pvt Ltd (SHMPL), which was amalgamated with STFC in April 2012, to a person resident outside India in 2006. The company represented itself with relevant information and facts that it was of the bona fide view that it…
Tata Consultancy Services (TCS) on Tuesday said its aboard has approved payment of an interim dividend of Rs 12 per share for the financial year 2019-20. The company in a regulatory filing said that “the interim dividend shall be paid on Tuesday, March 24, 2020, to the equity shareholders of the company” existing as on March 20, which is the record date fixed for the purpose. The company’s board of directors met on Tuesday and “have declared an interim dividend of Rs 12 per equity share of Re 1 each of the company”, it said.
US stock indexes opened more than 2 percent higher on Tuesday as hopes of coordinated policy easing to avert a global recession calmed investor nerves a day after the biggest market rout since the financial crisis. The Dow Jones Industrial Average rose 601.98 points, or 2.52 percent, at the open to 24,453.00 and the S&P 500 opened higher by 66.92 points, or 2.44 percent, at 2,813.48. The Nasdaq Composite gained 269.09 points, or 3.38 percent, to 8,219.76 at the opening bell.
Riyadh: Oil market giant Saudi Aramco has announced an increase in oil supply. This is expected to lead to flooding of supply in the market affected by the softening of demand and increasing competition to drop the market price between Saudi Arabia and Russia. Aramco said on Tuesday that it would increase the daily supply of crude oil to 12.2 million barrels in April. “It will supply 13.2 million barrels of oil per day to its customers in April,” the company said in a report to the stock market. It is the world’s largest exporter of oil. At present, Aramco…
About 70 per cent Indians own a life insurance policy, but only about a quarter have a pure life term plan, shows a joint study by Max Life Insurance and Kantar IMRB. Even among the 28 per cent owners of term plans, almost 55 per cent reported an insufficient cover. However, the silver lining is that awareness around term insurance plans is higher at 57 per cent. “Increased awareness is followed by action, which means we can expect more individuals to buy term plans in the coming years,” said Prashant Tripathy, Managing Director and CEO, Max Life Insurance, during the…
Awareness about women inequality and the glass ceiling has undoubtedly increased with time. Apart from increasing literacy and digitization, strong women leaders who worked their way to success have inspired women to shatter the subconscious biases towards women. However, with increasing awareness, data shows there are biases against hiring women due to maternity costs. Biases against women workers due to natural process of pregnancy or menstruation is not surprising in India. According to a March 2020 LocalCircle survey, the new maternity law which mandates six months of paid maternity leave has affected the hiring trends of almost 49 per cent…
Annual growth of India Inc in the fiscal year 2020 may be the lowest in the last four years. The slowdown in growth due to low demand in the first nine months of the current financial year and the high base of double digit revenue growth in the same period of the previous fiscal year may deteriorate their movement. According to the analysis of BSE 500 companies conducted by ETIG, the revenue growth of the companies included in the sample has been 2.4% between April and December in the current financial year. This is the lowest since FY16. In the…
Hong Kong: Asian stock markets gained momentum on Tuesday due to the rise in oil prices. A day earlier, global markets had the biggest drop in a decade due to fears about the corona virus and it turned out to be a black Monday for investors. However, the market was relieved by an eight percent rise in oil prices on Tuesday. Oil prices had fallen nearly one-third on Monday. The return on US bonds to record safe investment had hit a record low. The regional markets saw positive trend on Tuesday and energy companies made up some of their losses.…
New Delhi: Indian industrialist and chairman of Reliance Industries Limited (RIL) Mukesh Ambani is no longer Asia’s largest wealthiest . Jack Ma, a Chinese industrialist and founder of Alibaba Group Holding Limited, has become the richest person in Asia, surpassing Ambani. India’s richest Mukesh Ambani’s wealth on Monday fell by $ 5.8 billion to $ 41.9 billion (Rs 2.93 lakh crore) after the steep fall in oil prices, as well as the richest people in Asia. Has slipped to the second position in the list of. Jack Ma of China topped the list of Asia’s biggest wealthiest, with wealth of…
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…