Author: Finance Khabar
The bike maker Bajaj has recently released the teaser of Dominar 250. This bike can be introduced in March 2020. Pre-booking can also be started at the same time. The launch date of this bike is being told as 20 March. The design of the Bajaj Dominar 250 has been kept the same as the Dominar 400 but it has a separate swing arm. The new alloy wheels of the bike and small tires have been installed on both the wheels to reduce the cost and be competitive. The Bajaj Dominar 250 is also expected to have an option of…
30 hours inquiry by Enforcement Directorate Mumbai: The Enforcement Directorate (ED) arrested Yes Bank founder Rana Kapoor after questioning for nearly 30 hours. With this, the ED has said that the accused will be produced in the court at around 11 am on Sunday. The ED on Saturday kept its investigation in Rana Kapoor’s Sumandra Mahal house. Explain that ED is investigating whether Urban Bank Ventures, a dummy company of Yes Bank promoter Rana Kapoor and his two daughters, got Rs 600 crore from the scamsters. In addition, officials had reported that Kapoor was brought to the agency’s office at…
New Delhi: RBI can take big steps to save YES BANK and maintain customer confidence. According to the information, RBI can give 8 to 10 thousand crore rupees to YES BANK as urgent financial support. According to sources, YES BANK can give this amount in the form of debt under RBI Section 17 to overcome the cash crisis. Interest on this amount can be charged less than the prevailing rate so that the bank is not burdened. Meanwhile, a step on the Revival Plan of RBI for YES BANK, today SBI made its action plan public. Bank chairman Rajnish Kumar…
New Delhi: Huawei Consumer Business group, India, today announced that it’s recently launched – HUAWEI MediaPad M5 Lite 10 will be available for pre booking starting 6th March, 12AM. Packed with in-built Harman Kardon quad speakers, ClariVu 5.0 Display, and a battery that supports 13 hours video playback, the tablet is a strong contender for entertainment lovers. The tablet comes with a Huawei M-Pen stylus supporting 2,048 levels of pressure sensitivity for all your work and creative needs & LTE/4G for high speed internet connectivity. The HUAWEI MediaPad M5 lite 10 is powered by a strong 8-core processor for peak…
Life Insurance Corporation (LIC) is the most trusted insurance company in the country. Many benefits are given to customers on investment in this government-run company policy. In this era of rising inflation, it is important for all of us to save some amount of hard earned money and invest in a policy after saving. Parents are always concerned about the future of their children. Parents invest in different places so that children do not face any financial problems in future. There is also concern about what will happen to the children at the financial level in the event of their…
The sub four meter compact SUV segment is becoming increasingly popular in the Indian market. Due to low price, low maintenance and better mileage, people are liking the cars of this segment very much. Maruti Brezza, the leader of the compact SUV segment so far, has been beaten by Hyundai Venue in terms of sales in the last February. The difference in sales of both the vehicles is quite large. In the last February, Hyundai has sold a total of 10,321 units of its Venue, while only 6,866 units of Maruti Brezza have been sold in this month. Maruti Brezza…
New Delhi: If you have not done online or contactless transactions by 16 March 2020 by credit and debit card then this facility will stop. To continue this facility, it is necessary that every debit and credit card must be made online and contactless transactions at least once before March 16. A notification was issued by the Reserve Bank on 15 January regarding this. What is contactless transaction? With the help of this technology, the card holder does not need to swipe for the transaction. Point of sale (POS) is paid when the card is attached to the machine. Five…
New Delhi: As part of the largest privatization initiative in the country, the government on Saturday invited bids to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Limited (BPCL), the second largest oil refinery company. According to the bid document of the Department of Investment and Public Asset Management (DIPAM), interest letters can be submitted by May 2 for the strategic sale of BPCL. It states, “The Government of India is proposing a strategic disinvestment of its entire shareholding in BPCL. It comprises 114.91 crore equity shares which is 52.98 per cent of BPCL’s total equity capital.…
New Delhi: The plan has been told about how the State Bank of India (SBI) will try to save the troubled Yes Bank. SBI can buy 49% shares of Yes Bank. There is also a plan to invest 2450 crores with it. SBI Chairman Rajneesh Kumar also reiterated that at present, there is no threat to the money of the account holders. Rajneesh said that due to fixing the limit of 50 thousand, Yes bank account holders must be facing problems. But they need not be afraid. Rajnish said that after the government, Finance Minister Nirmala Sitharaman has also assured…
Shenzhen, China: Huawei routers took top spot in the global carrier market in 2019 according a recent report by Omdia (formerly IHS Markit), an authoritative international research institute. Huawei routers maintained their leading position in 2019, following their rise to the top of the carrier market in 2018. In the backbone router market, Huawei routers have maintained their top position for three consecutive years. Moreover, this is the first time that Huawei routers took top spot in the metro router market, making Huawei routers No. 1 in the overall global carrier market as well as niche markets. Huawei’s continuous investment…
New Delhi: Vadodara Smart City Development Company withdraws Rs 265 crore from bank one day before Reserve Bank of India (RBI) set a withdrawal limit of Rs 50,000 for Yes Bank customers on Thursday (March 5, 2020) . According to information received from sources quoted on Friday, the amount was deposited in another bank. Since Thursday, Yes Bank has set a withdrawal limit of Rs 50,000 for its depositors. This arrangement has been made for 30 days. In the case, Deputy Commissioner (Administration) of Vadodara Municipal Corporation, Sudhir Patel said that the amount was received from the Center as part…
Washington: The occupation of ‘Indians’ at the top posts of the world’s big companies is increasing. The latest name in this connection is that of Sonia Syngal, who has been appointed as CEO of Gap Inc., the largest apparel retailer in the US. It is a big thing to place a woman of Indian origin in the corporate world dominated by white men. The 49-year-old Syngal is the only Indian-American female CEO of a company included in the Fortune 500 list. Prior to this, Indra Nooyi’s name as CEO of PepsiCo was included in this list. She stepped down from…
New Delhi: Tech company Oppo’s first smartwatch has finally gone official. The smartwatch named Oppo Watch has been launched by the technology brand in its home market in China. This watch has been introduced by the company during the online-only launch of its flagship Oppo Find X2 series in China. This smartwatch can give a direct competition to Apple Watch. Oppo says that this smartwatch will also be made available in global markets in different versions. The sale of Oppo Watch will start in China from March 24, where it has been priced at 1,499 yuan (about 15,900 rupees). Oppo…
New Delhi: Moody’s Investors Service on Friday downgraded Yes Bank Limited rating. The Reserve Bank has stopped Yes Bank from paying its liabilities for 30 days, after which the rating was reduced. Moody’s downgraded Yes Bank Limited’s long-term foreign exchange issuer rating from B2 to CAA3 and said “the rating will remain under review with an uncertain direction.” Moody’s has also downgraded the bank’s long-term foreign and local currency bank deposit rating. Moody’s also said that he fully expected that the depositors would suffer the least. The rating agency said, “RBI’s assurances to protect the interests of depositors provide full…
New Delhi: Minister of State for Communications Sanjay Dhotre informed Parliament that the loss of state-owned telecom company BSNL increased 2.5 times to Rs 39,089 crore in April-December period in 2019. The public sector telecom company had a loss of Rs 14,904 crore in the last financial year 2018-19. Dhotre said in a written reply to a question in the Rajya Sabha on Thursday, “BSNL has informed that its accumulated loss in the current financial year i.e. 2019-20 (till December 31, 2019) is Rs. 39,089 crore.” Loss-making BSNL and MTNL including ‘Four-G’ spectrum allocation and Voluntary Retirement Scheme (VRS) on…
Bhubaneswar: The priests and devotees of the centuries-old Lord Jagannath temple are worried over the private sector Yes Bank falling into crisis. Yes Bank has a deposit of 545 crores of Lord Jagannath Temple. The Reserve Bank has imposed a number of restrictions on Yes Bank. For Yes Bank depositors, the withdrawal limit for the next one month has been fixed at Rs 50,000. Vinayak Dasmahapatra, the daityapati (servant) of this temple in Puri, said that the servants and devotees are apprehensive about the ban on Yes Bank by the Reserve Bank. “We demand an inquiry against those who have…
New Delhi: Paytm Payments Bank Limited (PPBL) on Friday blocked transactions from the accounts of Yes Bank, which is facing a cash crunch. It also includes transactions done through the UPI platform. PPBL took this decision after the Reserve Bank’s action on Yes Bank. A day earlier, the Reserve Bank had imposed a limit of Rs 50,000 for bank depositors till April 3, putting all restrictions on Yes Bank. The Reserve Bank also dissolved the board of directors of the bank. Along with this, Prashant Kumar, former Deputy Managing Director and Chief Finance Officer (CFO) of SBI, has been appointed…
New Delhi: Vodafone global CEO Nick Reid has told the government that the company wants to make a new and good start in India. Sources gave this information on Friday. Reid met Finance Minister Nirmala Sitharaman and Telecom Minister Ravi Shankar Prasad on Friday to seek the government’s support to sustain Vodafone Idea in the market. Sources said that during the meeting, Prasad made it clear that the government was against monopoly in the telecom sector. The government wants Vodafone Idea to stay in the market and keep investing. The minister is understood to have informed Reid about India’s growing…
New Delhi: RBI has presented the draft of revival of Yes Bank. The Reserve Bank has sought the opinion of the share holders of banks, Yes Bank and SEBI in this matter. After restructuring Yes Bank, there will be some changes in it. Revival plan of RBI Authorized capital of the bank will come down to Rs 5000 crore. RBI will appoint additional director in the new Yes Bank. The equity shares of Yes Bank will be Rs 2,400 crore at Rs 2 per share. SBI will not reduce its stake in the bank to less than 26% for three…
Fear of coronavirus may force the Reserve Bank of India to cut rates soon. Money market participants say that the move of the US Fed Reserve will put pressure on it. The US Fed had cut a surprising 50 basis points on Tuesday. It has taken this step with the aim of limiting the impact of increasing number of corona virus infections on the global economy. Due to this, there was an immediate boom in the US stock market but the market fell again as soon as the US Fed understood the limits in this matter. The same happened in…