Author: Finance Khabar
New Delhi. The smartphone maker, Samsung, can introduce the twisted phone ‘Galaxy Z Flip’ in the Indian market this month. Its price is likely to be around 1.10 lakh rupees. Earlier this month, the company introduced this phone in the US market. The total market of such premium phones in India is estimated to be 3 million units. This phone will be available for booking at Samsung online store and select retail outlets from February 21 and will start supplying to customers from February 26. Earlier, the company launched another similar phone ‘Galaxy Fold’ in the Indian market in October…
Rules related to EPS pension can be changed New Delhi. Employees’ Provident Fund Organization (EPFO) can make a big announcement in the next 24 hours for the jobbers. According to information received from sources, EPFO is going to provide relief to pensioners (EPFO Pensions) soon. Pensioners taking advance pension amount can get the full amount of pension again. In simple words, the pension (EPS) deducted with PF can now be taken in advance. Till now this facility used to be with government employees. But now private employees will also get this facility. At present, 6.5 lakh people will benefit from…
New Delhi: Banks have enjoyed people’s trust, especially when it comes to safekeeping their money. However, the crisis in the Punjab and Maharashtra Cooperative (PMC) Bank no longer ago, where many depositors with higher fixed deposit (FD) amounts were not able to withdraw their deposits, has come as a shock to many investors. It also exposed the gross inadequacy of the deposit insurance cover of Rs 1 lakh given to each depositor in case of bank failure. This limit was introduced in 1993 and continued for almost 27 years. Budget 2020 has done damage control by raising the insurance cover…
New Delhi: Coal supply to the power sector of the public sector company Coal India declined by 6.8 percent to 37.79 million tonnes in the April-January period of the current financial year. In the same period of last financial year, the company’s coal supply to the power sector was 40.56 million tonnes. According to official figures, Coal India’s coal supply to power companies increased by 2.9 percent to 4.32 million tonnes in January from 4.2 million tonnes in January of the previous financial year. Singareni Collieries Company Limited, a subsidiary of Coal India, supplied 4.40 million tonnes of coal in…
Bengaluru: Technology consulting and digital solutions company Larsen & Toubro Infotech (LTI) has been included by the National Stock Exchange (NSE) in its ‘Nifty Next-50’ index. LTI gave this information in a release. The company was listed in July 2016. The company has recorded rapid growth in the last four years. The Nifty Next-50 index is computer-based in which companies are ranked in a free-flow manner by multiplying between the share price of the companies and the number of shares available in the market. LTI said it was an honor for the company to join the Nifty Next-50. It shows…
New Delhi: The country’s two-wheeler manufacturer Hero is going to launch its popular bike Super Splendor in BS6 avatar soon in India. Which was seen in many new color options with BS6 Splendor Plus. The price of the new Super Splendor bike can be 6 to 7 thousand rupees more than the current BS4 model. At the moment, let us tell you what special changes will be seen in the design and features of the new bike: The design of this bike has not been changed much as compared to the BS4 model, although it has redesigned headlamps with a…
New Delhi: Bike maker Honda’s scooter Activa has become the best-selling two-wheeler in the Indian market at this time. Honda Activa is at number one in the list of top 10 best seller two-wheelers of January 2020. The scooter has sold 234,749 units in January. The Activa is the best-selling two-wheeler in the country, according to data from the Society of Indian Automobile Manufacturers (SIAM). In January 2019, this scooter was sold 213,302 units. Hero’s Splendor is second in the list of top 10 two-wheelers in terms of sales. Hero Splendor sold 222, 578 units in January. Hero also had…
New Delhi: Adani Gas has got permission from the oil and gas sector regulator to divest from its parent company, as well as to sell stake to the French major energy company Total. Sources informed that the company has been approved by the Petroleum and Natural Gas Regulatory Board (PNGRB) after officially seeking permission. Earlier, PNGRB had canceled the license granted to Adani Gas for gas distribution in 13 cities. The reason for this was allegedly ‘cheating’ by not sharing the information about separation from the mother company. The company got this license during the ninth round of bidding in…
New Delhi: The Hinduja Group has also joined the race to take a stake in Yes Bank. Sources have said that the Hinduja Group is part of the consortium that is investing in Yes Bank. Hinduja Group has joined hands with Cerberus and JC Flowers to buy up to 10 per cent stake in Yes Bank. On the condition of anonymity, the source said that IndusInd Bank, owned by Hinduja Group, is not involved in this deal. According to sources, the investors have talked to the banking regulator RBI and asked about the pricing of the deal. The source said,…
New Delhi: Bharti Airtel chairman Sunil Mittal met Telecom Minister Ravi Shankar Prasad on Thursday and demanded a reduction in the tax and duties of the telecom sector. Mittal also said that Airtel is committed to comply with the Supreme Court’s decision on Adjusted Gross Income (AGR) arrears. He also said that the company will pay the remaining amount soon. He said, “The AGR case is an unprecedented crisis for the industry. It is being dealt with by the government. “Mittal said that the industry is being taxed at a higher rate at the moment. He demanded the government to…
Japanese two-wheeler manufacturer Honda has launched the new bike Honda Shine BS6 in the Indian market by updating the range of its vehicles to the new standard. The company has fixed the starting price of this new update Honda Shine BS6 at Rs 67,857. The company has not only updated the engine of this bike but has also added a 5 speed gearbox, which is a major change. According to the information, this new updated bike will soon start reaching the dealerships across the country. In the new Honda Shine BS6, the company has used a 125 cc capacity engine.…
Last year saw the impact of sluggish economy on all sectors. The pressure on the mutual fund industry was also evident. Experts believe that selling pressure in the domestic market reduced the valuation of the shares, which led to an impact on the industry. However, many other reasons for the sluggishness were attributed to sluggishness in the mutual fund industry. People invest in mutual funds because it is called a safe investment avenue. There are many schemes that have sunk investors’ money. Although many new mutual fund plans were launched last year, but there was a plan in which customers…
New Delhi: The Bombay Stock Exchange’s Sensex closed down by 153 points on Thursday on profit-booking. The stock market came down following the fall in shares of companies like Reliance Industries, TCS, HDFC Bank and HUL amid weak global trend and rise in crude oil prices. The 30-share Sensex closed down 152.88 points, or 0.37 per cent, at 41,170.12. Similarly, the National Stock Exchange’s Nifty lost 45.05 points, or 0.37 per cent, to close at 12,080.85. Among the Sensex stocks, Asian Paints, HUL, TCS, Tech Mahindra, Reliance Industries, Ultra Tech Cement were the biggest losers. On the other hand, IndusInd…
launched- Lifestyle Home Centre SBI Card, Max SBI Card and Spar SBI Card Bengaluru: SBI Card has partnered with Landmark Group, one of the largest retail and hospitality conglomerates in India, to launch a unique set of retail co-branded credit cards. The three newly launched cards, Lifestyle Home Centre SBI Card, Max SBI Card and Spar SBI Card, have been introduced in partnership with four Landmark Group brands – Lifestyle, Home Centre, Max and Spar. Designed to be a one stop payment solution for the entire family, these cards provide a rewarding shopping experience to cardholders across categories that include…
New Delhi: Hyundai, the country’s second-largest carmaker, recently announced an update to its vehicles as per the new BS6 standard. After which the company started booking the BS6 version of its existing models Elite i20, Grand i10 and Venue. According to media reports, the price of the new BS6 Hyundai i20 has been revealed, its price is between Rs 6.49 lakh to Rs 8.31 lakh. At present, only petrol version prices have been revealed. No information about its diesel version could be found. According to the report published in Autocar, along with this new update, there has been a big…
The handset manufacturer LG launched its W series in the Indian market last year. The LG W10, W30 and W30 Pro were launched under this series. Now the company has launched the new budget smartphone LG W10 Alpha in this series. Let us now provide you detailed information about the price and features of this new smartphone of LG brand in India. The LG W10 Alpha’s 3 GB RAM and 32 GB storage variants have been priced in India at Rs 9,999. For the information of people, let us know that the new LG Smartphone has also been listed on…
New Delhi: Corporate India’s effective tax rate decline for the first time in six years, even though there were no significant industry-wide changes in the overall statutory tax rates for that year, the Union budget 2020-21 documents show. The effective tax on profits of companies, or the actual taxes paid after availing various exemptions and deductions allowed in the Income Tax Act, 1961, dipped about 165 basis points in 2018-19 to 27.84 per cent from the preceding year after rising continuously for six years. The effective tax rate for all companies printed at 30.4 per cent when the dividend distribution…
New Delhi: To boost the domestic paper industry, the government is going to curb paper imports. According to sources, the government may make registration necessary for paper imports. According to information quoting sources, the Commerce Ministry is theoretically agreed on this. Notification will be released soon in this regard. The paper industry also demanded this from the government. During registration, it will be necessary to state the price, quantity, quality of paper imports. Special fees will also have to be paid for registration. Explain that the government has made such an arrangement to tighten the screws on steel imports. A…
New Delhi: Vodafone Idea and Airtel’s problems may increase further. The burden of adjusted gross revenue (AGR) on telecom companies may increase further. The Telecom Department (DoT) is now calculating the outstanding dues for the financial year 2018 and 2019 as well. AGR outstanding amounting to Rs 92,642 crore as license fee, interest and penalty is up to financial year 2017. However, the outstanding spectrum usage charge (SUC) of Rs 70,869 crore is till January this year. A source aware of this development said, “The outstanding amount of AGR has been calculated till 2016-17. Now we are assessing the outstanding…
Beijing: China announced on Thursday to cut interest rates to remove the impact on the economy due to corona virus infection. The People’s Bank of China said in a statement that the main interest rate (LPR) of the loan is being cut, so that companies can get relief in recovering from this disaster. According to the statement, the LPR has been reduced from 4.15 percent to 4.05 percent for a one-year maturity period. Similarly, for loans with maturity of five years, LPR has been reduced from 4.80 percent to 4.75 percent. The People’s Bank of China evaluates LPR on the…