Author: Finance Khabar
State Bank of India (SBI), the country’s largest bank, is going to revise its charges for ATM cash withdrawal, branch cash withdrawal and check book from July 1, 2021. That is, from July 1, SBI is going to make many changes. Now charges will be levied on free four cash withdrawal transactions from ATMs and branches. Be it Basis Savings Bank Deposits or SBI BSBD Accounts. Also, SBI account customers will not have to pay charges only on the first 10 check slips. After that there will be a charge. You need to know about some of the below mentioned…
Mumbai: The impact of the fall in Asian markets was also visible on domestic indices today and BSE Sensex and Nifty 50 opened with gains, but by the end of the day’s trading the trend changed and both the indices closed with a fall. The Sensex started trading today with an increase of 52,795.76 points and reached a height of 52,816.42 during trading. But in the evening it closed just above the day’s low. The Sensex fell to a low of 52,477.77 points today and closed at 52,549.66. On Tuesday, the Sensex lost 0.35 per cent or 185.93 points, while…
Kanpur: Fenesta-India’s largest Windows and Doors Brand which is also the market leader in its segment reinforced its retail expansion with the opening another new showroom. The exclusive showroom is located at ESQUIRE TRADING CO. 109/380 R K NAGAR, G T ROAD, KANPUR, U.P – 208012 and brings the best in class uPVC Windows & Doors, Aluminium Windows & Doors and Internal & Designer Doors. Commenting on the launch, Mr. Saket Jain, Business Head- Fenesta Building Systems said, “Commitment towards the customer and excellent product portfolio, together has translated into growth over years and new Showroom is another indication of…
Mumbai: As the second wave of Covid-19 brought the economic activities to a halt, worsening the employment scenario in the country, the Centre has decided to extend the Atmanirbhar Bharat Rozgar Yojana till March 31, 2022.The scheme was so far valid till June 30, 2021. With an approved outlay of Rs 22,810 crore, the scheme entails subsidy for two years to new employees drawing monthly wages of less than Rs 15,000. The government would subsidise both employers’ and employees’ share of provident fund (PF) contribution, amounting to 24 per cent of wages for establishment having strength of up to 1,000…
Mumbai: The Centre on Monday extended liquidity support to various stressed sectors of India Inc as well as micro credit borrowers and export oriented industries. Accordingly, Finance Minister Nirmala Sitharaman announced eight relief measures worth Rs 6,28,993 crore. These measures entail enhancement of existing relief schemes such as ECGLS and support for state governments. Besides, a total of four new measures were announced to provide loans to micro credit borrowers as well as tourism industry. Further, Sitharaman announced Rs 50,000 crore guaranteed loan for creation of medical infrastructure. She said that ECLGS scheme will be enhanced by Rs 1.5 lakh…
Mumbai: The bench last week questioned the alacrity being shown by the lead lender IDBI Bank as CBI has charged C Sivsasankaran in a loan fraud case of IDBI Bank. The bench also asked the bank consortium in what capacity did the proposer give the settlement plan and the “real intent” behind the one-time settlement offer. The tribunal also sought explanation if the proposal could be admitted under the law. Some serious allegations and questions have been raised with respect to the Siva Industries and Holdings case that has grabbed the limelight because public sector banks have agreed to settle…
MUMBAI: The impact of the global decline was also visible on the domestic stock markets today and after touching the all-time high in morning trade, the 30-share Sensex Sensex fell 189.45 points to 52,735.59 points and the National Stock Exchange’s Nifty 45.65 points. That is, 0.29 percent fell to 15,814.70 points. The stock markets were open in the morning, but the IT and tech sector companies as well as the shares of giants like Reliance Industries went into the red mark shortly after selling. Earlier, the Sensex also reached a historical level of 53,126.73 points. Nifty also managed to reach…
Mumbai: Gold worth $679.16 million (Rs 4,976.07 crore) was imported in May, according to Commerce Ministry data. This is multiple times higher than $76.31 million worth of gold imported in May last year amid a nationwide lockdown. Further, for the April-May period of FY22, import of the yellow metal stood at $6.91 billion, against $79.14 million worth of gold during the same period of last fiscal. Although the import of gold has recovered with improving demand, silver imports, on the other hand, have depleted. Silver worth $15.66 million was imported last month, 95.3 per cent lower on a year-on-year basis.…
New Delhi: According to the Reserve Bank of India, there are 15 days of holidays in the banks in the month of July due to weekly holidays and different festivals. There are festivals like Rath Yatra, Bhanu Jayanti, Bakrid and Ker Puja in July. Because of this, there will be no work in the bank on the day of the festival. The first bank holiday in the month of July will be on the 4th. This day is Sunday. After this, banks will be closed on 10 and 11 July due to Saturday and Sunday. The festival of Rath Yatra…
Mumbai: The market capitalization of six of the country’s ten largest companies increased by Rs 1,11,220.5 crore. Last week, the total market valuation of these companies increased by more than Rs 1 lakh crore. Tata Consultancy Services and Infosys were the frontrunners in this race. Market valuations of Tata Consultancy Services, HDFC Bank, Infosys, HDFC ICICI Bank, State Bank of India registered gains, while the market capitalization of Reliance Industries Hindustan Unilever, Bajaj Finance and Kotak Mahindra Bank declined. The market capitalization of Tata Consultancy Services increased by Rs 30,961.06 crore to Rs 12,50,538.30 crore last week, while that of…
Mumbai: On the last day of this trading week, both BSE Sensex and Nifty 50 have closed with gains. At the close of trading, Sensex has closed above 52900 and Nifty has closed above 15850. IT stocks like HCL, Tech Mahindra got support on Sensex. However, today Reliance was the biggest seller on the Sensex. Talking about Nifty, except Nifty FMCG, other sectoral indices closed with gains and Nifty Bank was up 1.54 per cent and Nifty Metal by 2.61 per cent. The Sensex opened at 52,877.16 points during trading today and reached 52,973.07 points during trading. At the close…
Mumbai: The Reserve Bank on Thursday said it has launched the 2020-21 round of its annual survey on computer software and information technology enabled services (ITES) exports, results of which are used for compilation of balance of payments statistics. The RBI has been conducting this annual survey since 2002-03. It collects data on various aspects of computer services exports as well as exports of ITES and business process outsourcing (BPO). The survey results are released in the public domain, besides being used for compilation of balance of payments (BoP) statistics and other uses, it said in a release. In another…
New Delhi: LIC Housing Finance (LIC HFL) will issue shares at Rs 514.25 apiece to its promoter Life Insurance Corporation of India (LIC) on a preferential basis. The board of directors of the company in its meeting last week had approved preferential shares up to 4,54,00,000 through a private placement to LIC. ”The issue price of the equity share of the face value of Rs 2 each shall be Rs 514.25 apiece, which is the price calculated as per Sebi regulations, 2018,” LIC HFL said in a regulatory filing on Thursday. LIC’s shareholding in the housing financier post the allotment…
Tesla owner Elon Musk, one of the world’s largest electric car manufacturing companies, is, in a way, the fortune teller of cryptocurrencies. One of his tweets sends the prices of cryptocurrencies from floor to floor and from floor to floor. But Elon Musk’s tweet sometimes overshadows his company Tesla. Above all, China is there to destroy the crypto market. The price of bitcoin, the world’s most popular cryptocurrency, fell below $30,000 on 23 June for the first time since January 2021. Tesla is expected to lose $ 90 million, or about Rs 670 crore, in the second quarter of 2021…
Bajaj Allianz General Insurance in collaboration with Jankidevi Bajaj Gram Vikas Sanstha distributes 17 advanced life support ambulances in 17 citiesThe Company’s Savings Lives initiative was executed in response to the impact from the second wave of the Covid-19 pandemic which required the society to come together in “Saving Lives” of citizensUnder the Saving Lives initiative, the Company has also created a Covid-19 helpline feature within an app for employees, created an inventory of medical resources available across the country, procured & deployed Oxygen Concentrators, enabled access to Doctors 24*7 for all employees and agents, amongst other initiatives Lucknow,: Bajaj…
Designed to offer a rewarding shopping experience to its premium customers-Upto 10X Reward Points spends for Fabindia in-store spends- New Delhi : SBI Card, India’s second-largest credit card issuer and Fabindia, India’s largest retail platform for a wide range of handcrafted products by the artisans of the country, joined hands to launch an exclusive co-branded contactless credit card – Fabindia SBI Card. The card is designed with thoughtfully curated benefits and privileges to offer a rewarding shopping experience to its premium customers and comes in two variants – Fabindia SBI Card SELECT and Fabindia SBI Card. The new co-branded contactless…
New Delhi: Infosys will commence it’s up to Rs 9,200 crore buyback from June 25, wherein the IT major intends to buy back shares at a maximum price of Rs 1,750 apiece. The Board approval for the buyback was granted on April 14, 2021, and the shareholders’ nod was received on June 19, 2021, at the company’s 40th annual general meeting. The Bengaluru-based company has issued a public notice on Wednesday in various newspapers for the buyback of its equity shares from the open market through the stock exchange route. Kotak Mahindra Capital Company Ltd was appointed as the manager…
Mumbai: Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1. The price hike has been necessitated to partially offset the impact of continuous increase in commodity prices. The company continues to drive cost savings programme aggressively, in order to minimise the impact on the customer, Hero MotoCorp said in a statement. The price hike across the range of motorcycles and scooters will be up to Rs 3,000 and the exact quantum of the increase will depend on the basis of the model and the specific market.
New Delhi: Warren Buffett, one of the world’s leading investors, has resigned as a trustee of the Bill and Melinda Gates Foundation. “My goals are 100 percent in line with the foundation’s goals,” Buffett said on Wednesday. Along with this, he also announced to donate half of all the shares of his company Berkshire Hathaway to charity. Buffett, 90, has contributed more than $27 billion of his wealth to charity over the past 15 years. He was on the three-member board of the foundation along with Bill and Melinda Gates. Mark Suzman, chief executive officer of the Bill & Melinda…
New Delhi: Rating agency Moody’s Investors Services has reduced India’s growth rate forecast to 9.6 percent. Moody’s had earlier given a growth rate estimate of 13.9 percent. Even though the rating agency has projected a growth rate of 9.3 percent for the current year, but in view of the decline in GDP growth rate to 7.3 in the financial year 2020-21, the actual growth rate will remain 2.3 percent. In the financial year 2019-20, the growth rate was 4 percent. At the same time, in the first quarter of the financial year 2020-21, there was a decline of 23.9 percent…