Author: Finance Khabar
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…
The new income tax system proposed by the government in the Budget 2020 for taxpayers is optional. According to the Finance Bill 2020, taxpayers in the new system can choose a lower income tax rate at the time of ITR filing, for which they will have to waive tax exemption and deduction benefit. However, there is no clarity in the finance bill regarding how the employer will calculate and deduct TDS at the time of salary payment. One question is that if the employer tells the employee to adopt the new tax system at the beginning of the financial year,…
New Delhi: The Cabinet Committee on Security Affairs i.e. CCS has today approved the purchase of 24 MH-60R and 6 Apache attack helicopters from the US. American company Lockheed Martin manufactures MH-60R multi-role helicopters. The deal will be valued at $ 2.5 billion for the 24 MH-60R purchase. At the same time, the deal of 6 AH-64E Apache Attack Helicopter will be of 93 million US dollars. US President Donald Trump is coming to India on his first tour on Monday. Trump has said that he likes Prime Minister Modi. He said that we can do a trade deal with…
Kolkata: “India’s first 5G handset” offered by Chinese smartphone maker Realme will cost around Rs 50,000. An official of the company gave this information. He claimed that Realme is set to become the first brand to offer 5G smartphones in India after coming into existence in 2018. He said that although the “network is not available in the country”, the company is ready to offer 5G phones in India on 24 February. “The Realme 5G handset will have 865 Snapdragon chipsets and will be available for close to Rs 50,000,” the official said on condition of anonymity. A leading website…
New Delhi: American automaker Ford on Wednesday introduced its compact car models Figo, Freestyle and Aspire cars with Bharat Stage-6 emission standards. Their showrooms in Delhi are priced between Rs 5.39 lakh and Rs 8.34 lakh. Ford India said in a statement that both petrol and diesel engines will be available in all three models. Its engine capacity will be 1.2 liters to 1.5 liters respectively. Compact hatchback Figo with Bharat Phase-6 (BS-6) standards is priced from Rs 5.39 lakh to Rs 7.85 lakh. There the compact sedan Aspire costs between Rs 5.99 lakh and Rs 8.34 lakh. According to…
Bengaluru: Financepeer, a market leading exclusive education fintech company which is into school fee financing has partnered with Candor International School, a day cum boarding school in Bangalore, to offer school fee payment in zero cost EMI. This unique financing model by Financepeer is an enabler for schools to receive 100% fee at the beginning of the academic session and facilitates a no cost and zero interest EMI for parents, who additionally stand to receive insurance benefits. Candor, recently ranked No. 1 International School in India for Academic Reputation in Education Today’s India School Merit Awards and recognized as a Forbes Great Indian School, is…