Author: Finance Khabar
New Delhi: China’s deadly corona virus has started to affect the health sector as well. In India, the prices of essential medicines for daily use have gone up by 70%. The price of paracetamol, the most used in the country, has increased by 40%. The price of azithromycin, an antibiotic used to treat throat, tooth and ear infections caused by bacteria, has gone up by 70%. Most of the chemicals related to medicines come from China and supply has been affected due to the movement of traffic. According to a report in India, the price of a box of…
New Delhi: Reserve Bank of India Governor Shaktikanta Das has said about demonetisation that the effect of demonetisation has been good on the economy. Das said that demonetisation has worked in many ways for the economy. In an interview to an English newspaper, Das said – Demonetisation has actually done well for the economy. It has a positive impact. This has strengthened the economy, parallel economy or accounting of money outside the economy. Its effect is coming to the fore now, for now I would like to say this much. However, when asked if RBI has investigated the impact of…
Cricket superstar Virat Kohli and his wife Bollywood actress Anushka Sharma have invested Rs 2.2 crore in a startup. This startup is from the insurance sector, started by Canadian billionaire businessman Prem Vats. Its name is ‘Digit’. This information has been received from Business Intelligence Platform Paper VC. Digit has recently raised $ 8.4 million fund. In the process of raising this fund, Virat and Anushka made such a huge investment in the company. Talking about the contribution of both, Virat has invested 1.73 crore while Anushka has invested Rs 43 lakh. Both of these together hold 0.25% in the…
Mumbai: The Patanjali group led by yoga guru Baba Ramdev has partnered with JHS Svendgaard Retail Ventures to open shops at airports across the country. This information was given in the release issued on Tuesday. JHS Svengard Laboratories subsidiary JHS Svengard Laboratories has four shops at New Delhi, Raipur and Chandigarh airports. The fifth shop is opening at Terminal 3 of Indira Gandhi International Airport in New Delhi. The shop will be opened on Wednesday under a joint venture with Pantjali Group. Shops will also be opened at Kolkata, Bengaluru and Mumbai airports under this tie-up. Managing Director of JHS…
New Delhi: Technology company Cisco said on Tuesday that the number of users using the Internet will increase to 907 million by 2023. In 2018, 398 million people in the country were using the Internet. A Cisco report states that by 2023, Internet-connected devices in the country will reach 2.1 billion. A quarter of this will be machine to machine (M2M) modules. According to the report, the number of mobile users in the country will reach 96.6 million by that time, which is 68 percent of the total population. In 2018, this number was 76.3 crore (56 percent). By that…
Mumbai: Honda Motorcycle & Scooter India (HMSI) said on Tuesday that it has started delivery of its flagship premium mid-segment scooter ‘Forza 300’ in the country. HMSI said in a release that Honda Bigwing, the company’s unit, delivered the first Forza 300 scooter. In the release, HMSI Senior Vice President (Sales and Marketing) Yadvinder Singh Guleria said, “Enthused by the strong customer response to the Forza 300 at Honda Bigwing, Gurugram, the company decided to offer it in India. We are happy to inform that we have supplied the first consignment of four units to our customers. ”
New Delhi: Finance Minister Nirmala Sitharaman has warned that due to Corona virus, there is no possibility of price rise at present. Sitharaman said on Tuesday that due to coronavirus, China is not being supplied, due to which there is a fear of rising prices. The finance minister said that it is difficult to tell what will be the impact of Covid-19 on Make in India. “Right now there is no fear of price rise due to corona virus,” he said. Sitharaman spoke to the media after meeting industry and trade associations. During this time he discussed the effect of…
Sensex slipped 160 points, Nifty closed near 12,000 New Delhi: The market has seen a decline for the fourth consecutive day today. However, there was a good recovery in the market in the last hour. At the end of trading, the Nifty closed up 100 points from the lower level. At the same time, Sensex also improved by 283 points from the lower level. Bank Nifty has also closed down 310 points from below. In today’s business, oil and gas, IT stocks were bought. While auto, metal stocks were sold. The Nifty has fallen 53 points to close at 11,992.…
New Delhi: Public Sector Energy Efficiency Services Ltd. (EESL) has entered into an initial agreement with BSNL for setting up charging stations for electric vehicles. EESL said in a statement on Tuesday that under the Memorandum of Understanding (MoU), the company Bharat Sanchar Nigam Limited. (BSNL) will install charging stations for electric vehicles in 1,000 telephone exchange premises. Energy Efficiency Services Ltd. Investing in charging infrastructure will operate and maintain it, while the public sector telecom company will provide space and electricity connections to set up charging stations. EESL has set up 300 AC and 170 DC charging stations across…
Hong Kong: Hong Kong Shanghai Banking Corporation (HSBC) on Tuesday announced a rational restructuring of its business. This includes retrenchment of 35,000 people. The main reason for this is the company’s profits for three consecutive years. The bank says it will also reduce its bank’s business scope in Europe and America. The bank is facing a number of uncertainties in the wake of the US-China trade war, Britain’s exit from the European Union and the Corona virus outbreak in China. As such, it is focusing on cutting its operating costs. However, the Asian business of the bank is doing well…
New Delhi: In the current crushing season 2019-20 (October-September), which started from October 1, 2019, the production of sugar in the country declined by 22.67 percent till February 15, the total production was only 169.85 lakh tonnes. Sugar production in Maharashtra and Karnataka registered a steep decline, while Uttar Pradesh increased. According to the Indian Sugar Mills Association (ISMA), the sugar production till February 15 has been only 169.85 lakh tonnes as compared to 219.66 lakh tonnes by this time last year. At present, crushing is going on in 449 sugar mills across the country and crushing in 23 sugar…
The country’s largest two-wheeler manufacturer Hero MotoCorp has launched the BS6 model of Passion Pro. The Passion Pro 2020 Hero is one of the most liked bikes of the company. Along with Passion Pro, the company has also launched new updated BS6 models of Glamor. The new Passion Pro’s ex-showroom price in Delhi starts at Rs 64,990. The front disc alloy variant of Passion Pro has been priced at Rs 67,190. The drum variant of BS6 Glamor has been launched in Delhi at an ex-showroom price of Rs 68,900. At the same time, the ex-showroom price of its disc variants…
Washington: Jeff Bojes, CEO of e-commerce company Amazon and the world’s richest man, has committed to create a $ 10 billion fund to combat climate change. Bojes’ company, Amazon, is often accused of ignoring the environment. Bezos wrote in a post on Instagram on Monday that the ‘Bezos Earth Fund’ will provide support for all the work of scientists, activists and non-governmental organizations that have real potential for the protection of nature and the world. He said, “Climate change is the biggest challenge for our earth. It is noteworthy that thousands of Amazon employees criticized its climate policy last month…
San Francisco: Apple’s iPhone supply was affected due to the outbreak of the Corona virus in China, due to which Apple would not be able to achieve its target revenue for the January-March quarter. “The situation seems to be normalizing at a much slower pace than we had expected,” Apple, a global technology company that produces iPhones, said in a statement on Monday. In such a situation, we are not likely to have a target income in the January-March quarter. “The company had targeted a revenue of between 63 billion and 67 billion dollars in this quarter. According to the…
New Delhi: For the first time in the last 4 decades in the country, there has been a decline in consumer spending. This was said in the report of the National Statistics Office about a month ago. Bimal Kumar Roy, then chairman of the National Statistical Commission, had spoken of publishing this report. However, now the institute has decided not to release the report. On the question of not releasing the report, Roy said, “I tried. The survey was proposed to be released, but I did not get support. I had proposed this as chairman, but it did not go…
New Delhi: The central government is trying hard to avoid the application of bankruptcy of the telecom company Vodafone-Idea in front of the National Company Law Tribunal (NCLT). The government is trying to salvage the entire telecom sector from this difficult period. Vodafone-Idea has already made it clear that it is impossible for him to pay 53,000 dues of AGR outright. He has definitely shown preparations to make this payment in 15-20 installments. Under this, he has deposited the first installment of 2500 crores. Bharti Airtel Company wants to pay the arrears of 35,000 crores in 10 years without penalty…
New Delhi: SBI Cards and Payment Services, the credit card unit of the country’s largest bank, State Bank of India, has received IPO permission from SEBI. The company applied to Sebi in November for this. SEBI has given its approval to the company on 11 February. As per the application documents SBI Card will offer up to 130,526,798 shares in this IPO. Of this, 37,293,371 shares will be offered for sale by SBI and 93,233,427 shares will be offered for sale by Carline Group. State Bank holds 76 per cent stake in SBI Cards and the rest is held by…
London: Renowned businessman and retired chairman of the Tata group, Ratan Tata has been awarded an honorary doctorate by the University of Manchester for his contribution to innovation and philanthropy. The University of Britain said the 82-year-old industrialist was conferred the title recently during the visit of Vice Chancellor Professor Dame Nancy Rothwell to India. Rothwell said that Ratan Tata is very inspiring and he is an example for researchers, for big businesses and small enterprises.
Offers, instant cashback of 2200INR+25GB additional 4G data from Reliance Jio New Delhi: Building on the vision of being the enabler in the budget smartphone segment, itel, the leading Smartphone brand from TRANSSION India has launched a category disruptor – Vision 1, under its newly introduced Vision series in India.Designed with advanced functionalities, the game-changer, Vision1 is set to push the boundaries of a smartphone experience with India’s most affordable offering: HD+ IPS Waterdrop Display and Big Batteryonly at Rs 5499. The Vision 1 comes packed with free itel Bluetooth wireless headset worth Rs799, from its recently launched accessories portfolio…
New Delhi: Reserve Bank Governor Shaktikanta Das said on Monday that structural reforms will have to be used to improve demand and give impetus to a sluggish economy. He said that the economic growth, which has fallen to a minimum level of 11 years, is now showing early signs of improvement. This improvement in the situation needs to be sustained for a long time. Das said that every policymaker needs to closely monitor the impact of the corona virus in China so that appropriate measures can be taken accordingly. RBI Governor said that the 2020-21 Budget and recent steps by…