Author: Finance Khabar
New Delhi: Moody’s Investor Service has said that private sector telecom company Bharti Airtel has the financial capacity to pay the statutory dues of five billion dollars. Earlier this month, the Supreme Court had asked the telecom companies to comply with its decision of October 24, 2019. The apex court in its judgment had justified the definition of adjusted gross revenue (AGR) of the Department of Telecommunications. Moody’s said on Wednesday that AGR’s previous outstanding dues to Bharti Airtel amounted to Rs 35,300 crore, or $ 5 billion. However, the telecom company is self-assessing to get its final figures. Moody’s…
New Delhi: Smartphone brand Realme has appointed Bollywood actor Salman Khan as its brand ambassador. The company said in a statement on Wednesday that Salman Khan will promote Realme 6 and Realme 6 Pro. “The reason for making Salman Khan a brand ambassador is that he is very popular in all areas of the country,” said Madhav Seth, vice president of Realme and chief executive officer in India. Khan said that the Realme 6 series is very ‘stylish ‘ is. “I am confident that it will be successful in attracting consumers.” The company has said that the new Realme 6…
New Delhi: Fitch Ratings believes the proposed initial public offering (IPO) of Life Insurance Corporation (LIC) will improve the accountability and transparency of the country’s largest insurance company. Fitch Ratings also said on Wednesday that LIC’s IPO would benefit the entire insurance industry. Fitch said the insurance industry will probably benefit from it. The industry will be able to attract more foreign capital, which will also increase the flow of foreign capital into the country. Fitch said it hoped that once LIC’s IPO came, some private sector insurance companies would also be encouraged to list their shares in the stock…
If you want to withdraw a Rs 2,000 note from an ATM, you will not be able to do so now. The process of removing racks of Rs 2,000 notes from around 2,40,000 ATMs across the country has started. Now a tray of 500, 200 and 100 rupee notes will be present in every machine. According to sources, out of the 4 trays present in the ATM, three Rs 500 notes will be kept and the remaining 1 will get 100 or 200 rupee notes. According to Business Standard report, this process will be completed in the next few months.…
Even though India is at number three in the world of startup companies with a capital of up to one billion dollars, the pace of opening new firms has reduced now. Since 2016, the number of new startups has started to decline, while in 2019 the number of new startups has been the lowest. 2015 was the best year for new startups. There were 16,727 new startups that year. After this, there has been a continuous decline. In 2016, 12,860 new startups were started, while 8,741 in 2017 and 8,409 new startups in 2018. This figure has come down to…
The number of people holding debit cards has been falling continuously for the last 6 months. According to data from the Reserve Bank, the number of debit cards in the country fell 11% from 99.8 crore in October 2018 to 88.47 crore in April 2019. This decline comes at a time when the government is pushing banks to increase the number of point of sales or card terminals to promote digital payments. Bankers speculate that this is due to the replacement of cards with magnetic strips with a chip at the behest of the central bank. A senior banker said,…
New Delhi: There is good news for investors waiting for the biggest public issue of this decade. The IPO of SBI Card and Payment Services, a subsidiary of State Bank of India, is launching on 2 March. SBI Card has also fixed the price band of its public issue. The issue price of the IPO will be Rs 750-755 per share. According to experts, this IPO will prove to be a big hit just like IRCTC. The IPO committee of SBI Card has put its stamp on the price band. SBI employees will be given a discount of Rs 75…
New Delhi: According to the latest figures of the Employees’ State Insurance Corporation (ESIC), around 12.67 lakh new jobs were created in December 2019, compared to 14.59 lakh jobs created in the previous month. The National Statistics Office (NSO) said in a report that during FY 2018-19, a total of 1.49 crore new employees / workers were enrolled with ESIC. The report also mentioned that approximately 3.50 crore new people joined the ESIC scheme during September 2017 to December 2019. The NSO report is based on payroll data of new members created under various social security schemes operated by ESIC,…
New Delhi: Smartphone maker Oppo will launch its Oppo Find X2 phone on 6 March. Now the company has started taking bookings for Oppo Smartwatch through its official app. That is, the company can also offer its first smartwatch with Oppo Find X2. The company has also released the teaser of this watch. However, the company has not yet shared details about this watch. More information about this will be available at the launching event on 6 March. Oppo Find X2 may be launched with Oppo Find X2 as well as the company’s first smartwatch can also be exposed. The…
In the budget presented this month, many misconceptions have arisen in the tax system of NRI. On which government clearance has also come from time to time. Many times NRIs usually have questions about what kind of tax benefit they will get in India. Where they can save tax by investing. Or whether they will have to pay tax even in the amount earned abroad. However, on the foreign earnings for NRI, the government has clarified that if the NRI is not a transaction from the Indian market. So there is no tax on the amount earned abroad. Just like…
New Delhi: The government is preparing to offer bailout packages for telecom companies affected by the Supreme Court’s decision on AGR. According to sources, the committee of secretaries will meet this week. The government is preparing a bailout package for telecom companies. Due to which the committee of secretaries will meet this week. This will provide relief to companies affected by the decision on AGR. It is possible to consider 3-4 options to give relief to telecom companies. Companies will get cheaper loans from the USO fund of Rs 50,000 crore. 17,000 crores received from companies will also join this…
Bengaluru: Honda Motorcycle & Scooter India Private Limited (HMSI) on Tuesday launched its new BS-6 Dio Scooty in the city, with a showroom price in Bengaluru starting at Rs 64,584. HMSI said in a release that 301 units of BS-6 Dio were sold on the day of launch. “The Dio has become the second best-selling two-wheeler in the south today,” the release quoted HMSI senior vice-president (sales and marketing) Yadvinder Singh Guleria. Honda has a 34 percent share in the two-wheeler market in South India.
Mumbai: Bajaj Auto said on Tuesday that two motorcycle models of the Husqvarna brand, to be launched next month, will be priced at Rs 1.80 lakh (in Delhi showroom). The company said that the 250cc premium bike models are Swartpilen 250 and Vitpilen 250. Husqvarna is Sweden’s flagship brand and is part of the KTM group. Bajaj Auto holds a 48 percent stake in the group. Both of these motorcycles were unveiled in India in December. Bajaj Auto executive director Rakesh Sharma said that the compound annual growth rate (CAGR) in the premium motorcycle segment in India has been around…
New Delhi: US President Donald Trump on Tuesday promised to curb and reduce the laws on trade in his country. The Trump government wants to attract more global investment to accelerate the US economy. He said in the meeting of entrepreneurs here on the second day of his visit to India that a trade agreement with India is being worked out. However he did not share any details about it. Regarding the visit to India, the President said, “It is an honor for me to come here.” We have talked a lot about trade with India. They will buy a…
Mumbai: The stock markets continued to fall for the third consecutive trading session on Tuesday. The Bombay Stock Exchange’s Sensex lost 82 points in very volatile trading. Investors are concerned about the effects of the corona virus on the global economy, causing market volatility. Mauritius has been put on the ‘gray list’ by the Financial Action Task Force (FATF). Due to this, the market fell heavily on Monday. However, the Securities and Exchange Board of India (SEBI) on Tuesday clarified that Mauritius foreign investors will remain eligible for FPI registration. However, their monitoring will be increased. The 30-share Sensex of…
Opple is a Shanghai-based company emerging as a global leader in LED lights Merrut: With an aim to increase its presence in India, Opple lighting has launched a new line of products in the domestic electronics market, a company statement said on . Mr Rambo Zhang, Head of Opple India, said, “We want to create new dimensions in 2020. Today, Opple has launched many products that can outperform many big companies in terms of quality. Today there is a strong demand for LED products in the market. This is a golden opportunity.Opple is a Shanghai-based company which is rapidly emerging…
Having your own house is also a fundamental need and everyone’s dream. However, at times when we want to buy a house in a good location, it is not very easy. Even after deposits, there is a shortage of money to buy a good house. The entire process from down payment to repayment of loan cannot be completed without adequate budget. Banks usually give loans up to 80 percent of the value of the house. In such a situation, 20% of the amount has to be arranged as a down payment. Apart from this, if you make more down payment…
Do not delay in shopping, gold will soon cross Rs 45000 level If you want to buy gold, do not delay. Already 10 grams of gold prices have crossed Rs 44000 and it is expected to cross 45000. The effect of corona virus is now visible on the gold market as a whole. On Monday, the price of gold in Delhi went up by Rs 953 to cross Rs 44,000 due to the rise in the price in the international market. According to experts, the next stop of gold is Rs 45,000 per 10 grams. In the circumstances that are…
The detergent brand Surf Excel has become the top brand of Hindustan Unilever Limited (HUL). HUL reported annual sales of over Rs 5,000 crore in the previous year. With this, it became the first such brand of Hindustan Unilever to cross the Rs 5,000 crore mark in sales. HUL has started focusing on premium products in the detergent market. Citing Nielsen’s data, industry executives said that Surf recorded record sales of Rs 5,375 crore in 2019. Its market share was 17.9%. It accounted for about 14% of the total revenue of HUL. It accounted for 45% of the company’s laundry…
India has always been a country with a fixed income investment. For generations, people have naturally depended on PPF, bank deposits, post office deposits, etc. for investment. Such investment does not provide the best return, it is true, but the problem is that we are not able to choose the best option even in fixed income investments. The best and worst options have a difference of 1.5–2.0% in the Fiscured Income option. People do not pay attention to these things but a difference of 2% per annum can make up to 50% difference in increasing investment in two decades. You…