Author: Finance Khabar
New Delhi: Oil India may go to TDSAT this week against the DoT’s demand to provide around Rs 48,500 crore as the previous arrears of additional bandwidth capacity. The company’s chairman and managing director Sushil Chandra Mishra gave this information. This capability was leased by the company to third parties. Other non-telecom companies can also approach the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) for similar demands. GAIL India Limited, Power Grid Corporation and Gujarat Narmada Valley Fertilizer & Chemicals Limited can go to TDSAT. Rs 1.83 lakh crore has been sought from GAIL India, Rs 21,953.65 crore from Power…
New Delhi: Gold imports in the country declined by nearly 9 percent to $ 24.64 billion (Rs 1.74 lakh crore) during April-January in the current financial year. The import of the metal was $ 27 billion. The country’s trade deficit was reduced to $ 133.27 billion in the April-January period from a decrease in gold imports as compared to $ 163.27 billion in the same period a year ago. The yellow metal imports have been declining since July last year. . However, there was positive growth in October and November last year. There was a decline of about 4 percent…
New Delhi: In the absence of any major activities this week on the domestic front, further moves in the stock market will depend on global trends. This week, which has a limited business day due to holidays, may also reflect the impact of news related to the corona virus on the market sentiment. The stock markets will remain closed on Friday on the occasion of Mahashivaratri. In this way, business will take place for four days. Siddharth Khemka, head (retail research), Motilal Oswal Financial Services Ltd said, “Going forward, the market will remain in a limited range in the absence…
New Delhi: South Korea’s automobile manufacturer Hyundai has released the first teaser image of the i30 facelift. The new teaser image shows the N line model, with revamped grille, redesigned bumpers and new LED headlights. However, the car’s LED headlights and design resemble the company’s Next Generation i20 hatchback. The Hyundai i30 will get new rear bumper and taillights as well as new alloy wheels. At the same time, a new digital instrument cluster and 10.25 inch infotainment touchscreen system will be available in its cabin. The refreshed design in the European market will feature i30 N hot hatch, i30…
Market capitalisation increased for eight of the top 10 companies New Delhi: Market capitalisation of eight of the country’s top 10 companies increased by Rs 1.09 lakh crore last week. Reliance Industries was the biggest gainer in this. Apart from this, the market capitalisation (M-cap) of Tata Consultancy Services (TCS), Hindustan Unilever, ICICI Bank, Bharti Airtel and Bajaj Finance has also increased. HDFC Bank and HDFC were the only companies in the week ended on Friday with a decline in market capitalisation. During this period, the market capitalisation of Reliance Industries increased by Rs 33,534.56 crore to Rs 9,42,422.58 crore.…
New Delhi: Investments in stock market mutual fund schemes declined by 50 per cent to around Rs 12,000 crore in the October-December quarter as compared to the previous quarter. The main reason for this decline is the slowdown in economic growth and investor concerns over stock valuation. This reduction in investment was observed in all categories of equity funds, including large companies (large caps), mid-cap companies (M-cap), small-cap stocks (small-cap) and dividend-related schemes. According to a Morningstar report, the total investment in stock market-linked mutual fund schemes stood at Rs 11,837 crore in the July-September quarter of Rs 23,874 crore.…
Kolkata: Tea Board chairman PK Bezbaruah on Sunday said that the board should adopt a liberalized system where the private sector can also enter. He said that the role of the Tea Board should be limited to issuing licenses only after examining the financial capacity of the concerned units for opening the auction center. “This is the appropriate time when the Tea Board should disassociate itself from the functioning of the auction system and be the only license-issuing body,” said Bezbaruah, adding that the current auction scenario in North India reflected the failure of the system. Does because it has…
New Delhi: A severe outbreak of Corona virus in China may cause shortage of some much needed medicines in India. Industry organization FICCI has said that if the supply of raw materials from China is affected for two months, then the production of certain essential and commonly used medicines like paracetamol, ibuprofen, some antibiotics and diabetes drugs in India will be adversely affected. May be required. The production and supply of smartphones and solar devices is already affected due to the virus. FICCI has said that Indian pharmaceutical companies usually keep a two-month stock of raw materials, so there is…
New Delhi: D Mart founder Radhakishan Damani has become the second richest person in the country after Mukesh Ambani. In the Forbes Real Time Billionaire Index, he has surpassed businessmen like Shiv Nadar, Uday Kotak, Gautan Adani. His total assets are $ 17.9 billion. On February 14, Radhakishan Damani’s assets increased by a total of $ 96 million (675 crore). Mukesh Ambani has total assets of $ 57.9 billion. The Damani family announced the sale of a 2.28 per cent stake in Avenue Supermart. On Friday, the company’s share price reached an all-time high of Rs 2599. Lakshmi Mittal has…
New Delhi: Former Finance Secretary Subhash Chandra Garg has said that the 2020-21 budget lacks ‘effective measures’ to stimulate economic growth. Garg wrote in a blogpost that it is largely intended to handle the deteriorating economic and fiscal situation in the Budget 2020–21 spending proposal. The title of this blog is- ‘Will the Budget 2020-21 spending proposals accelerate growth or improve redistribution’. He wrote, “It does not seem that the budget is effective in aiming to accelerate growth and create a faster environment.” Measures have been taken. It lays down spending on road, railways and metropolitan infrastructure as key aspects…
New Delhi: State Bank of India President Rajnish Kumar said on Saturday that banks will have to ‘pay the price’ if a telecom company goes bankrupt. Earlier on Friday, the Supreme Court had made it clear that telecom companies would have to pay statutory dues of Rs 1.47 lakh crore. Mr. Rajnish Kumar said that the bank is monitoring the developments ahead. When Kumar was asked what effect it would have on banks if a telecom company headed towards bankruptcy, he said, “If there is a negative impact on any enterprise, then it will have an impact on a broader…
Mumbai: Describing India as a global ‘economic and social’ power, Portugal’s President Marcelo Ribello D’Souza said on Saturday that his country wants to prioritise the shared use of the two countries’ expertise in various sectors of the economy. D’Souza, who is on a visit to India, addressed a meeting of entrepreneurs from both countries organised here under the banner of the ‘Indo-Portugal Business Forum’ by the Confederation of Indian Industry (CII), ASSOCHAM and FICCI. The meeting was also attended by Portugal’s Foreign Minister Augusto Santos Silva, Minister of Internationalization Department of the Republic of Portugal, Yurico Brilhante Dias, Union Minister…
New Delhi: The country’s largest carmaker Maruti Suzuki has launched a new facelifted version of its popular car Maruti Ignis in the domestic market by updating it with BS6 engine. Adorned with a very attractive look and strong engine capacity, the starting price of this small car has been fixed at Rs 4.83 lakh (ex-showroom, Delhi). The company has made several changes to the new Ignis, making it far superior to the previous model. Let us know that these updates made in Maruti Ignis have increased the price of the car from Rs 4,000 to Rs 25,000. It depends on…
New Delhi: Debt-laden telecom company Vodafone Idea said on Saturday that the company was evaluating how much it could pay back under adjusted gross income (AGR). However, the company said that the decision to continue business in India would depend on the result of a petition filed for amendment in the Supreme Court’s decision. Vodafone Idea told BSE, “the company is currently evaluating the amount of arrears it can pay to the Department of Telecommunications based on AGR.” Vodafone Idea said, “The company offers to repay the assessed amount in the next few days.” Vodafone Idea Limited has a total…
New Delhi: Federation of Automobile Dealers Associations (FADA), on Saturday asked vehicle manufacturers to send only the BS-6 emission standard to the dealers as the Supreme Court has given the deadline for sale and registration of vehicles with BS-4 standard. Has refused to extend beyond April 1. FADA said the vehicle market has been down for more than a year. According to the current demand situation, it is now a big challenge for the dealers to fully sell the stock of the remaining BS-4 emission standard vehicles by March 31, 2020. FADA President Ashish Kale said in a statement, “FADA…
New Delhi: The impact of the corona virus continues to deepen. So far, more than 1600 people have died in China, while around 45 thousand people are said to be infected worldwide. Despite all efforts, doctors have so far failed to rein in it. Global trade has also come under the grip of Corona and hundreds of crores are being lost. According to a Times of India report, 28 per cent of India’s imports could be affected by this. Imports of 40 per cent of the chemicals from China depend largely on China for electrical machinery, mechanical appliances, organic chemicals,…
Mumbai: Withdrawing money from ATMs can be costly in the coming times. The country’s ATM Operators Association has asked the Reserve Bank of India (RBI) to increase the interchange fee. The association says that companies operating ATMs are not benefiting, so there is a need to increase the interchange fee charged to customers on cash withdrawal. These companies, which run ATM machines, argue that increased compliance and safety standards of RBI has resulted in increased cost of running teller machines, while no steps have been taken to increase their income, due to which It has become necessary to increase the…
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das says that the country’s growth rate is expected to be six percent in the next financial year. At the same time, he said that the rate of reduction in the policy rate (repo rate) will improve further in the coming days. Along with this, the activities of raising loans in the economy have also improved. The central bank did not change the policy rate in its first monetary review policy of 2020 earlier this month due to rising inflationary pressures and global market conditions. In a meeting with reporters here…
New Delhi: Samsung today announced thrilling pre-book offers for consumers planning to buy Galaxy S20, Samsung’s latest series of flagship devices. Pre-booked consumers in India will receive their Galaxy S20 beginning March 6, 2020, being among the first set of consumers worldwide to own the stunning flagships. All three devices in the Galaxy S20 series— Galaxy S20, Galaxy S20+ and Galaxy S20 Ultra – will be available for consumers in India at the price of Rs 66,999, Rs 73,999 and Rs 92,999 respectively. Galaxy S20 series comes with several world-first camera innovations allowing stunning image and video quality. They are…
New Delhi: If the quality of medicines is found to be poor, now the companies marketing the drugs will also be responsible. The government has issued a notification to change the Drug Cosmetic Act to implement it. Until now, only manufacturing companies had fixed accountability. This rule will come into effect from March next year. The big companies which used to make medicines by making medicines from small companies, now they will also be the responsibility. The new law says that if adulteration in the drug is found, then it will be life sentence. The Drug Technical Advisory Board, the…