Author: Finance Khabar
Bhubaneshwar: The Odisha government approved two investment proposals worth Rs 563 crore. These can create 1,273 employment opportunities. The officials gave information about this. Officials said that these proposals were approved in a meeting of the state-level single window clearance authority chaired by state Chief Secretary AK Tripathi on Friday. One of the proposals is that of Glen Industries Private Limited. This company plans to build a plastic container and food products manufacturing plant. The company will invest Rs 63 crore for this. This will create about 273 employment opportunities. The second proposal is that of Jindal Aluminium Limited. The…
New Delhi: Telecom company Bharti Airtel on Saturday said it has made an additional payment of Rs 8,004 crore to the Department of Telecommunications (DoT) under adjusted gross revenue (AGR) arrears. Following the Supreme Court order, the company has already paid Rs 10,000 crore on 17 February 2020 and an additional payment of Rs 8,004 crore was made on Saturday. The company said that it has calculated the liabilities till 31 December 2019 on the basis of self-assessment and the payment includes interest till 29 February 2020. Bharti Airtel said that as part of the adjusted gross revenue decision, the…
New Delhi: SBI Cards & Payment Services has raised Rs 2,769 crore from 74 anchor investors before the IPO opens on March 2. Anchor investors are institutional investors who are offered a stake in an initial public offering (IPO) before it opens. The company told BSE that the Government of Singapore, the Monetary Authority of Singapore, HDFC Mutual Fund, Government Pension Fund Global and Birla Mutual Fund are among the anchor investors. These were offered at the rate of Rs 755 per share, the upper limit of the IPO price range. These 74 anchor investors include 12 mutual funds and…
New Delhi: The price of mobile and computer accessories in the domestic market has increased by 50 to 100% due to the supply of Chinese goods due to Corona virus. Looking for some items also cannot be found. Importers and traders say the situation may worsen if supplies are not restored by 10 March. Although imports from some cities in China have begun at a limited level, demand has been affected by the vigilance of domestic customers. Wholesale prices of computer displays, mouse, keyboards, batteries, chargers, mobile covers, screen guards, power banks, data cables, ear phones, memory cards at Nehru…
New Delhi: Today comes after 4 years in February i.e. 29th of February … Xiaomi has made offers for this special day, in which it is written, ‘An Extra Day to Shopping’. Today is celebrated as leap day, Xiaomi has made such an offer to the customers on this occasion, in which he can buy at an initial price of just Rs 29. Not only this, a minimum of 29% discount is also being given on Xiaomi’s products today. From here, the Mi Beard Trimmer can be purchased for just Rs 1,029 instead of Rs 1,499. At the same time,…
Skoda has recently launched its Sedan car Octavia RS254 in the Indian market at a price of Rs 35.99 lakh (ex-showroom) at the 2020 Auto Expo. For whose booking, the company has announced that bookings will be opened for this from March 1 to 12 noon. For which the booking amount has been kept at Rs 1 lakh. If you also want to buy this car, then booking will be available on first come, first serve basis. That is, whoever comes first, the company will get the booking for this car on the lines of first. The Octavia RS245 will…
New Delhi: During the India Business Leadership Awards ceremony held in Mumbai, Finance Minister Nirmala Sitharaman said that Coronavirus is harming the economy but there is no need to fear it. He has also discussed the issue of GST. He said that GST will be made easy, which will greatly ease taxpayers. In September last year, Nirmala Sitharaman cut corporate tax. The finance minister said that due to the cut in corporate tax, more money has come in the hands of people. The finance minister said, happy with the GDP figures. GDP growth in the December quarter was 4.7 percent.
New Delhi: Banks may remain closed for eight consecutive days in the month of March due to the proposed strike of the bank employees and the holidays of Holi, so if the work related to the bank is done before March 8, then it will be better for you. March 8 is a Sunday holiday, while March 9 and 10 are Holi holidays. Bank workers can go on strike on 11,12 and 13 March. If the bank workers went on strike, there was a holiday of six consecutive days, while on March 14, the second Saturday of the month is…
New Delhi: Investors have lost more than Rs 5 lakh crore due to the steep fall in the stock markets on Friday. In view of the spread of Corona virus and its economic impact, the sell-off occurred due to a fall in the market and losses to investors. The market capitalization of listed companies on the BSE has declined by Rs 11,76,985.88 lakh crore in the entire six trading sessions. The 30-share BSE Sensex fell by 1,448.37 points, or 3.64 per cent, to close at 38,297.29 on Friday. This steep fall in the stock market cost investors Rs 5,46,287.76 crore.…
New Delhi: Former Reserve Bank Governor Raghuram Rajan said, the best way to promote the economy is to stop the spread of coronavirus infection. After this, the government should think about the relief package. He said, Central Banks can only help a little in this matter. Government can do real work. The government will have to encourage companies and people so that the virus can be controlled. In a TV show, Rajan said, “People want the infection to stop. The government is confident that a viral solution can be found with a preventive measure.” Rajan is currently a professor at…
New Delhi: The sluggish economy has not received any relief even in the third quarter. The GDP growth rate in the third quarter of the current financial year has been 4%. The Finance Ministry has taken several measures to bring the economy back on track, but despite all efforts, the Indian economy is not growing. The growth rate is at a decade low. There is a slowdown in demand. Retail inflation is at the peak of seven years. The unemployment rate is at a four-decade high. The stock market continues to decline. Investors are reluctant to invest. There is negative…
Mumbai, February 27, 2020 – Jindal Aluminium Limited (JAL), the largest manufacturer and supplier of aluminium extrusions and one of the largest manufacturer of flat-rolled products in the country with a legacy spanning over 50 years has been awarded the ‘National Award for Export Excellence – Star Performer for 2017-2018.’ This prestigious award by the Engineering Export Promotion Council (EEPC) has recognized JAL as the highest exporter in the group of ‘Aluminium & Articles thereof’ under Large Enterprise Category.’ The certificate and trophy of this honor were presented to Mr. Anil Agarwal, President, Jindal Aluminium Limited by Mr. B. S.…
RIL losses of about 54 thousand crores in 11 days New Delhi: Corona virus coming out of China is wreaking havoc on the stock markets worldwide. The Indian stock market has not remained untouched by this. The market has been continuously falling since 6 days. In 6 days, where investors have lost Rs 10 lakh crore, the big businessmen have lost billions of rupees. Mukesh Ambani, chairman of Reliance Industries, has lost $ 5 billion in assets this year, with the highest share in the past fortnight. RIL has lost about Rs 54 thousand crore in the stock market in…
New Delhi: Friday was a ‘black day’ for the stock market. Corona dominated the stock markets around the world, causing the domestic market to collapse. The BSE Sensex lost 1448.37 points (3.64%) to end at 38,297.29. At the same time, the National Stock Exchange’s Nifty slipped 414.10 points (3.56%) to close at 11,219.20. In the day-long trade, the Sensex touched a high of 39,087.47 and a low of 38,219.97, while the Nifty touched a high of 11,384.80 and a low of 11,175.05. Almost all the Sensex and Nifty stocks were seen on the red mark in day trading. Shares of…
New Delhi: In a crucial meeting of the Digital Communications Commission (DCC) on Friday, no decision could be taken to give relief to telecom companies going through the crisis. More information is still needed to reconcile the data on Adjustable Gross Revenue (AGR) dues. Sources gave this information. Sources said the commission’s meeting lasted for two hours. The next meeting of the commission is expected to be held soon. Officials of the Department of Telecommunications have consistently said that AGR is not a matter of discussion in the Commission meeting, but this meeting is about the implementation of the public-private…
New Delhi: Shriram Transport Finance Company said on Friday that it plans to raise capital by issuing debt securities. The company told BSE, “The company plans to raise capital from various debt options, including issuing debt securities through public issue or private-sector allocation in domestic and foreign markets.” However, the company did not say how much capital it plans to raise. The company said the public NCD committee would meet in March and consider various terms and conditions, including the issue rate of debt securities. The company’s stock was down two per cent at Rs 1,234.15 on the BSE.
Mumbai: Those investing large sums of money in corporate fixed deposits are disappointed. Many companies have reduced their FD rates by 20-45 basis points. He has taken this step after the FD rate was cut by the country’s largest bank SBI. Bajaj Finance is going to reduce its FD rate by 25-40 basis points in the first week of March. Mahindra Finance and PNB Housing Finance have reduced their FD rates by 15-45 bps this month. 100 basis points is equal to one percentage point. After reducing the FD rate, Bajaj Finance’s maximum FD rate has come down to 7.80%…
New Delhi: Private sector lender IndusInd Bank said on Thursday that the Reserve Bank of India has approved the appointment of Sumant Kathpalia as Chief Executive for 3 years. The bank said in a statement that the nomination and remuneration committee of the bank and the board had considered RBI as a possible candidate for the post of MD & CEO and sought approval for the appointment. Kathpalia is currently the head of the consumer banking business and will take over after the retirement of current chief executive Romesh Sobti. In October last year, the bank said that after the…
New Delhi: Recently, a report claimed that this year there will be a single digit increase in the salary of the employees. Now, there may be a setback for the interest received on the amount deposited in the PF account. According to a Times of India report, the EPFO is considering reducing the interest rate on PF account deposits to 8.5% for the financial year 2020. Currently, 8.65% interest is being paid by EPFO on the PF account. According to sources, a proposal to this effect can be presented in the Central Board of Trustees meeting on 5 March. In…
New Delhi: Indian users are using much more internet than before. The biggest reason behind this is the cheapness of data plans. At the same time, cheap and entry-level 4G smartphones have increasingly attracted users to online content. Users are spending more than 11GB of data every month on many apps and video streaming platforms. This data has been released by Nokia, the maker of telecom products. The company said in its Annual Mobile Broadband India Traffic Index (MBiT) report that overall data traffic and 4G usage increased by 47 percent in 2019. The data spent by the users across…