Author: Finance Khabar

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…

Mumbai: Maxis India on Wednesday said it has partnered with Yamaha to supply tires in the country. The company plans to capture at least 15 percent share in the country’s two-wheeler tire market in the next five years. Maxis India is a unit of Taiwan-based Maxis Group. The company has also formed similar partnerships with Hero MotoCorp and Honda Motorcycle & Scooter India. Maxis India said in a statement that under this partnership Yamaha’s 125cc Ray ZR and Fasino scooters and Ray ZR Street Rally 125 FI will be fitted with Maxis tires. The company has already started production of…

Mumbai: On the third day of the trading session on Wednesday, the stock market closed with a bounce, with a break for four consecutive sessions. The BSE Sensex gained 428.62 points (1.05%) to end at 41,323.00 on strong global cues and fall in crude oil prices due to reduction in corona virus cases. At the same time, the NSE Nifty jumped 137.80 points (1.15%) to close at 12,130.30. Shares of 21 companies closed on the green mark while shares of nine companies closed on the red mark on the BSE. On the NSE, buying in 38 companies and selling in…

Popular smallcap funds continue to ban investors’ investments, while this category of markets seems to be improving. The performance of the Nifty Smallcap 100 Index has been six per cent better than the benchmark Nifty so far this calendar year. Axis Mutual Fund has a limit for accepting investors’ investments in smallcap funds. According to the notification of the fund house, new investments will be accepted up to Rs 2 crore per investor per day. This will also apply to switch-in and additional subscription in addition to SIP and systemic transfer plans.According to data from the Association of Mutual Funds…

New Delhi: India is ready to adopt the cleanest petrol-diesel and from April 1, the supply of fuels compatible with the new emission standard Bharat stage-6 will begin. A senior Indian Oil Corporation official has claimed this. India had decided to implement the Bharat Stage-6 standard directly from Bharat stage-IV to reduce vehicle emissions and is close to implementing it successfully in just three years. This will put India among the few countries where cleanest petrol and diesel are used. Indian Oil chairman Sanjeev Singh said that almost all the refinery plants have started producing BS-6 compatible petrol and diesel…

Will provide broadband services during flight in Indian aviation sector New Delhi: Tata group company Nelco and Panasonic Avionics Corporation on Wednesday announced a partnership to provide broadband services during flight in the Indian aviation sector. The service will be launched with Vistara Airlines. The expansion is a joint company of the Tata group and Singapore Airlines. Nelco Managing Director and Chief Executive Officer PJ Nath said, “We are excited to say that Nelco is launching long-awaited flight broadband services in the country. Vistara is the first airline to join the service. “He said that Nelco has partnered with a…

New Delhi: Kotak Mahindra Bank on Wednesday said that the RBI has approved reducing the promoter’s stake in the bank. “The RBI has given its approval to reduce the promoter’s stake in its letter,” the bank said in its information to the regulator on 19 February. Kotak Mahindra Bank said on 30 January that it wanted to reduce the promoter’s voting rights to 15 per cent. He wants to implement it from 1 April. RBI has approved to reduce the voting rights of Kotak Mahindra Bank promoter to 20% by March. The bank said that the RBI in principle has…