Author: Finance Khabar
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 FPI has withdrawn a total of Rs 13,157.12 crore from Indian capital markets during this period.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 According to the depotory data, between March 2 and 6, FPIs have withdrawn Rs 8,997.46 crore from the stock markets and Rs 4,159.66 crore from the bond market. In this way they have withdrawn Rs 13,157.12 crore from the capital market.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…
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…