Author: Finance Khabar
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…
The relevance of large-cap mutual fund schemes has come into question due to difficulties in outperforming the benchmark index. Their underperformance has been created when bluechip stocks have generally outperformed small and mid-cap stocks. According to financial advisors, it would be better to invest in index funds based on the performance of Nifty or Sensex made of large-cap shares rather than large-cap schemes. According to data from Accord Fintech, large cap funds have outperformed their benchmark indices Sensex and Nifty over three and five year periods. In a three-year period, only 4 large-cap funds with active management out of 27…
New Delhi: Car manufacturer Maruti Suzuki has today launched its popular compact SUV 2020 Maruti Brezza in the domestic market with new petrol engine. This SUV was first introduced by the company during the Auto Expo in the past. The company has fixed the initial price of this SUV at just Rs 7.34 lakh. The new Maruti Brezza Petrol has been introduced in a total of 8 variants, while the price of its top variant has been fixed at Rs 11.40 lakh. Till now, the Maruti Brezza was available only in the market with a diesel engine, whose production company…
New Delhi: Aurobindo Pharma shares hit the lower circuit on Monday. US drug regulator USFDA canceled the “Voluntary Action Indicated (VAI)” letter for the company’s Hyderabad unit -IV. The USFDA issued this letter three days ago. The company has said that the investigation is still going on and this status may change. Aurobindo Pharma shares are trading 15.55 per cent down at Rs 506.55. On Wednesday, giant pharmaceutical company Aurobindo Pharma received a Voluntary Action Initiated (VAI) from the US Drug Regulator with an Establishment Inspection Report. The letter was issued by the regulator after finishing the investigation at Unit-4…
Riyadh: International Monetary Fund (IMF) chief Christalina Georgiwa said on Sunday that the pace of recovery in the global economy could be at risk due to corona virus infection. He said on the second day of the meeting of Finance Ministers and Governors of Central Banks of G-20 countries that the global economy grew at a rate of 2.9 percent last year. The rate was expected to improve to 3.3 percent this year. He said the projected improvement in global economic growth rate is now more fragile. Georgiva said, ‘covid-19 (corona virus), which is a global emergency for health and…
New Delhi: Vijay Shekhar Sharma, founder and CEO of digital payment company Paytm, has said that the company can turn profitable after two years. The company is now cashing in on its existing customer base and is looking forward to growth in other financial services sector in the coming years. The Noida-based company is focusing exclusively on three areas – financial services, commerce and payments. Paytm has moved ahead of demonetisation in 2016. Sharma said that Paytm has three stages of development – three years of finding the right product to suit the market, the next phase was of revenue…