Author: Finance Khabar
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…
New Delhi: Huawei introduced its first foldable phone Huawei Mate X at the Mobile World Congress last year. Now the company has launched its new foldable phone Huawei Mate XS while expanding its foldable phone lineup. This new phone has been launched with Kirin 990 5G chipset. The phone has a better cooling system than before. Apart from this, the screen, camera and overall design is almost the same as before. This phone has been launched with a price tag of € 2,499 i.e. approximately 1.80 lakh rupees. The global cell of this phone will start from next month. Huawei…
NEW YORK: The impact of growing concern around the Corona virus was seen in Wall Street here, along with the global stock markets, on Monday, when the Dow Jones Industrial Average was down nearly 800 points, or 3 percent, at the start of trading. Meanwhile, the White House economist said on Monday that the spread of the Corona virus in China will also have an impact on the US economy, although nothing can be said about the effect. Wall Street had a declining trend in early Monday. Wall Street also fell 2.8 percent, or 800 points, to 28,191.85 points in…
New Delhi: The country’s largest gas company GAIL India Ltd. It will invest Rs 1.05 lakh crore in gas-based infrastructure facilities over the next five years. The new chairman and managing director of the company, Manoj Jain, said on Monday that the amount will be invested on pipeline expansion, urban gas distribution network and petrochemical production capacity. Jain said that as per the government’s goal of increasing the share of natural gas in the country’s energy sector from 6.2 per cent to 15 per cent of the current, it would be possible to deliver this fuel to consumers in the…
New Delhi: Bharti Infratel has extended the merger deadline with Indus Towers by two months and till April 24. The company gave this information on Monday. However, the company says that the final decision on the issue will be taken by the company’s board of directors after assessing the crisis and its impact on the telecom sector. Bharti Infratel told the stock market, “The final decision on the implementation of this merger plan will be taken keeping in mind the interests of the company and the stakeholders.” At the same time, the assessment of the current crisis of the telecom…
New Delhi: Union Steel Minister Dharmendra Pradhan urged Japanese investors to come forward to invest in the country’s steel market. The Steel Minister said on Monday that the steel market here is growing rapidly and steel consumption will more than double in the coming years. Dharmesh Pradhan was speaking here at a workshop on ‘Promoting steel use for the growth of economy and preparing producers for it’. The workshop was organized by Ministry of Steel, Confederation of Indian Industry and Ministry of Economic, Trade and Industry of Japan. Pradhan also assured to provide mandatory support to investors in the event…
Mumbai: Indian stock markets fell strongly on Monday and the Sensex of the Bombay Stock Exchange plunged about 807 points. Selling pressure in the global markets also affected the domestic stock markets, amid increasing investor concerns following new cases of corona virus in China. The 30-share BSE Sensex closed at 40,363.23, down 806.89 points, or 1.96 percent. The National Stock Exchange’s Nifty also lost 251.45 points, or 2.08 percent, to close at 11,829.40. Shares of all the companies involved in the Sensex were at a loss. Tata Steel declined the most by 6.39 percent. It was followed by ONGC, Maruti,…
New Delhi: Software company Dassault Systems has appointed Deepak NG as the Managing Director of its Indian business. It is a subsidiary unit of the Dassault Group. Dassault makes Rafale fighter aircraft of the group. Deepak has 21 years of experience in various industries. He has been associated with Dassault Systems since 2011. Dassault Systems Executive Vice President Asia Pacific Samson Khao said, “India is one of the most priority markets for us in Asia. The appointment of Deepak NG will help Dassault Systems explore new growth opportunities in both the enterprise and government business sectors in India. “
Mumbai: Microsoft CEO Satya Nadella has asked Indian industry giants to build inclusive technology capacity. Nadella, who is on a three-day visit to India, said on Monday while addressing Microsoft’s ‘Future Decoded CEO Conference’, “Indian CEOs should develop their technology capabilities. Also, they should ensure that solutions are inclusive. ” He said that ‘aggregators’ have emerged during the last decade, but this is not enough. Nadella said that we have to ensure that digital transformation is productivity enhancing. He said that 72 percent of software engineers jobs in India are outside the technology industry. Addressing the same programme, Rajesh Gopinathan,…
Mumbai: Reliance Industries Chairman Mukesh Ambani has said that India is poised to become a ‘major digital society’. With this, he expressed confidence that India will soon be among the top three economies of the world. Addressing the ‘Future Decoded CEO Conference’ held on Monday on the occasion of Microsoft Chief Executive Officer (CEO) Satya Nadella’s visit to India, Ambani said that mobile network expansion is playing a major role in this major change. It is working more quickly than before. Ambani said, “It started in 2014 with the Prime Minister’s vision of Digital India. 38 crore people are now…