Author: Finance Khabar
New Delhi: The central bank is reviewing the impact of retail inflation in the monetary policy decision along with its impact. Reserve Bank Governor Shaktikanta Das has said that there are plans to discuss this with the concerned parties including the government. The government decided to set up a Monetary Policy Committee under the chairmanship of the RBI Governor in 2016, in an effort to keep inflation within a certain range. The committee was entrusted with the responsibility of determining the policy rate (repo rate). The six-member Monetary Policy Committee was entrusted with the task of keeping inflation at 4…
New Delhi: Dalmia Bharat Group company Dalmia-OCL’s plant in Liaoning province, China, has resumed operations. An official of the company informed about this. Dalmia-OCL is India’s top refractory company. Refractory is a device used to withstand high temperatures in order to make hot steel. Dalmia-OCL CEO Sameer Nagpal said that the company’s Dashikiao plant was closed since January 24 and its operations resumed last week. The plant closed earlier on a New Year public holiday. Thereafter, the period of closure of the plant was extended due to the spread of coronavirus infection. He said, “Due to New Year the plant…
26 people in the world have as much wealth as 4 billion people New Delhi: Free markets have developed many such treatments which are saving millions of lives and bringing billions of people out of poverty. But the way capitalism worked over the last few years, economic inequality has taken a big form. There is a competition to increase profits everywhere. The situation is such that the 26 richest people in the world are so rich that their total wealth is equal to 3.8 billion poor. Think of yourself, where 26 and 3.8 billion people? The list of world’s richest…
New Delhi: Encouraged by the positive sentiment created after the Budget and the Reserve Bank’s liberal stance, Foreign Portfolio Investors (FPIs) have so far raised Rs 23,102 crore in the domestic market in February. According to depository data, during February 3 to February 20, FPIs have infused Rs 10,750 crore in equity and Rs 12,352 crore in the bond category. During this period, the total investment of FPIs stood at Rs 23,102 crore. FPIs have been net investors in the domestic market since September last year. Himanshu Srivastava, senior analyst manager (research), Morningstar Investment Advisor India, said, “There are a…
Four cameras with 48MP, 5000mAh battery will be available Techno (tecno) has launched two smartphones with the best camera in India, Camon-15 and Camon-15 Pro in a new avatar. The company has priced the Camon-15 at Rs 9,999 and the Camon-15 Pro at Rs 14,999. According to the mobile manufacturer, the Techno Camon smartphone will bring the times of best camera pixels, premium AI with ultra night lens and pop-up selfie camera. After consolidating its position in the first five smartphone brands in the entry-level segment phones, the handset maker hopes to consolidate its position in the mid-range smartphone segment…
New Delhi: Kia Motors, the leading South Korean automaker, launched the Kia Seltos as its first vehicle in the Indian market last year. Due to the very attractive look and strong features, this SUV has performed well in the market here. Now the company is preparing to bring its new compact SUV Kia Sonet. This SUV was also showcased at the past Auto Expo, now the company has released its first TVC video. In this new video, the concept version of Kia Sonet is shown. In this SUV, the company has included features such as Tiger Nose Grill, LED Day…
In the G20 meeting, Sitharaman stressed on increasing global risk monitoring New Delhi: Finance Minister Nirmala Sitharaman on Saturday stressed on increasing global risk monitoring and said that there is a need to explore the possibilities of policy coordination to tackle these risks. Sitharaman, addressing a meeting of Finance Ministers and Governors of Central Banks of G20 countries in Riyadh, called on all member states to step up efforts to empower women, youth and small and medium enterprises. “The Finance Minister Nirmala Sitharaman asked the G20 countries to increase global risk monitoring and explore policy coordination to tackle such global…
New Delhi: The market capitalisation of six of the top 10 Sensex companies fell by Rs 29,487 crore last week. The market capitalisation of Bharti Airtel declined the most during this period. The market capitalisation of TCS, HDFC, Hindustan Unilever, HDFC Bank and Reliance Industries also declined in the week ended Thursday. However, the market capitalisation of Infosys, Bajaj Finance, Kotak Mahindra Bank and ICICI Bank increased during this period. During this period, the market capitalisation of Bharti Airtel decreased by Rs 10,692.9 crore to Rs 2,97,600.65 crore. TCS’s market capitalisation declined by Rs 10,319.06 crore to Rs 8,09,126.71 crore.…
Interest rates on FDs vary widely depending on the banks as well as tenors. While the leading banks of the nation like SBI, HDFC Bank and ICICI Bank are offering highest interest rates of 6% to 6.4% per annum currently, smaller banks are giving highest interest rates in the range of 8% to 9%. The maximum rates on FDs are being offered by small finance banks. Suryoday Small Finance Bank FD rate ranges from 4% to 9% for general customers and 4.5% to 9.5% for senior citizens depending upon the tenure they chose. The bank gives the highest rate of…
New Delhi: The Central Government had given in-principle approval to merge Indian Bank with Allahabad Bank. Now there is bad news for customers. If your ATM is in this bank, then from March 1, 2020, 2000 rupee notes will not come out. Although the 200 rupee note will increase. Currently, only one bank has decided to do so. Indian Bank has decided that it will not put Rs 2,000 notes in its ATMs. In this regard, the bank has informed all its branches. Indian Bank has taken this decision keeping in mind the convenience of its customers. Indian Bank was…
Sonbhadra: Sonbhadra of Uttar Pradesh is in discussion about gold these days. The Geological Survey of India (GSI) on Saturday claimed the mine to be not just 160 thousand tonnes, but only 160 kg of gold. GSI director Dr. GS Tiwari said that GSI does not believe that Sonbhadra’s mine has 3000 tonnes of gold. Sonbhadra is said to contain 52806. 25 tonnes of gold ore and not pure gold. Only 3. 03 grams of gold per ton will be produced from the gold ore found in Sonbhadra. Only 160 kg of gold will be produced from the entire mine.…
Mumbai: Pawan Goenka, managing director of Mahindra & Mahindra, said on Saturday that Indian people prefer big cars even for the use of singles. He said that this thinking of people is a major reason for the ‘unfortunate’ failure of Tata Nano. Goenka said in a program of former students of IIT Kanpur here that the automobile industry has a significant contribution in pollution and all possible methods should be adopted to reduce it. Tata Motors has stopped production of the Nano, known as the Lakhtakia car. Many experts believe that Indian consumers buy cars for pride, this is the…
New Delhi: China’s smartphone company Oppo is preparing to launch its new smartphone in India. The company will launch Oppo Reno 3 Pro in India on 2 March. The company launched the Oppo Reno 3 Series in China in December 2019. In this series, the company launched two smartphones Oppo Reno 3 and Oppo Reno 3 Pro. Both these smartphones come with 5G connectivity. Bharat Reno 3 Pro 4G LTE version will be launched 4G LTE version of this phone will be launched in India, while in China this phone comes with 5G connectivity. The teaser page for this phone…
Riyadh: The finance ministers of the G20 countries and the governors of their central banks gathered here on Saturday to discuss two days on the current situation of the global economy and the risks posed by coronavirus infection. Organizers said that in this two-day discussion, the G20’s “Finance Ministers and Central Bank Governors will discuss possible policy measures to prevent the growth of the global economy and the dangers of growth and encourage growth.” The organizers said, “Apart from this, they will also discuss the challenges of taxation in the era of digitization of economies. Saudi Arabia is chairing this…
Last date of investment is 31 March New Delhi: Modi government has launched ‘Pradhan Mantri Vaya Vandan Yojana (PMVVY)’ pension scheme for senior citizens. Under this scheme, 10 thousand rupees will be provided as pension to senior citizens every month. If you fall in the category of senior citizen and you want to get Rs. 10,000 as pension every month, then invest in this scheme before March 31, because this scheme is going to be closed before March 31. This was announced by the Modi government in the 2017–18 and 2018–19 general budgets. The scheme provides eight percent annual returns…
If you are planning to go somewhere by flight, then you have a great chance of getting a cashback of up to 2000 rupees on booking a flight ticket. To take advantage of this offer of Vistara airline, you must have a credit card of RBL Bank or Bank of Baroda. This offer is valid till 31 March 2020 on RBL Bank’s credit card, while on Bank of Baroda’s credit card till 30 June 2020. Both banks and Vistara together are offering this special offer to the passengers. Keep in mind that this bank is offering this till 31 March…
It is difficult to guess what kind of new malware or cyber threat came into the changing technology every day. But towards this precession i.e. cyber security, there has been an increase in spending and trends from companies. Our today’s startup success story TAC Security saw the market in this growing demand and made more strides. Due to the hard work of the team, from government departments to big corporates are also their clients. See the story of this startup giving cyber security services so far. With the growing digital economy, the threat of cybercrime is also increasing. According to…
New Delhi: Aurobindo Pharma has received a major blow from the US FDA, the US drug regulator. The USFDA has canceled the VAI letter, which was given to Unit Four of the company, a clean chit. The company has reported that a US-FDA investigation is currently underway. Significantly, on Wednesday, Auro Pharma’s stock gained more than 20% due to the news of clean chit. Let us know that the US-FDA has canceled the clean chit given to Aurobindo Pharma’s Unit IV plant. The US-FDA investigation, which has been underway since November 19, has not yet closed. The US-FDA has provided…
New Delhi: For this financial year 2019-20 you may get less interest on PROVIDENT FUND. The Central Board of Trustees i.e. CBDT is going to have an important meeting on 5 March to review the interest rates. On 5 March, the Central Board of Trustees is going to meet in Delhi in which it will be decided how much will be cut on the interest on the PROVIDENT FUND i.e. PF interest in the financial year 2019-20. The CBDT believes that in the current economic situation it is difficult to give 8.65% returns due to which the interest rate may…
New Delhi: The Department of Telecommunication (DoT) on Friday approved the merger of Indus Towers, the country’s largest mobile tower company with Bharti Infratel. Official sources gave this information. The combined company, formed after the merger, will have more than 1,63,000 telecom towers across the country, operating in all 22 telecom service areas. The combined company formed by the merger will be the world’s largest tower company except China. The name of this joint company will now be changed to Indus Towers Limited and the company will continue listing on the domestic stock exchanges. The company will have full ownership…