Author: Finance Khabar
New Delhi: The National Commodity and Derivatives Exchange Limited (NCDEX) has submitted the offer document to the market regulator of the Indian Guarantee and Exchange Board for an initial public offering (IPO). According to the document, the IPO will include new issues up to Rs 100 crore and an offer to sell 1,44,53,774 shares of shareholders. Merchant banking sources said that the IPO is expected to raise capital of Rs 500 crore. The shareholders who will offer the sale of shares include Build India Capital Advisors LLP, Canara Bank, Indian Farmers Fertilizer Cooperative Limited, Investcorp Private Equity Fund-1, JP Capital…
New Delhi: Fitch Solutions on Wednesday forecast domestic vehicle manufacturing to shrink by 8.3 percent in 2020 due to a spread of the corona virus in China. Vehicle parts companies have stopped production due to the spread of the virus infection in China. Fitch said that if virus infection spread in India too, such policies can be adopted here too. He said that given the state of India’s health and medical system, it can be said that the rate of spread of virus infection in India will be higher than that of China and there will be more widespread impact…
government companies have been approved to install 2,600 charging stations New Delhi: Within one year, charging facilities for electric vehicles will be available every four kilometers in major cities. Sources said that people are worried about charging for these vehicles. To overcome this difficulty, government companies have been approved to install 2,600 charging stations. He said that the government has given in-principle approval to companies like NTPC, EESL and REIL. However, the government companies will get the actual contract only when they sign the Memorandum of Undertaking (MoU) for the land which will be charging station. According to sources, this…
New Delhi: City Union Bank’s net profit rose 8.04 percent to Rs 192.43 crore in the December quarter. The bank told BSE on Wednesday that it had a net profit of Rs 178.10 crore in the same quarter of the previous financial year. During this period, the bank’s total income increased to Rs 1,203.23 crore from Rs 1,086.45 crore a year ago. The bank’s stock was down 0.61 percent at Rs 228.75 on BSE.
New Delhi: ABB India on Wednesday said it has received contracts worth Rs 191 crore from Chittaranjan Locomotive Works and Megha Engineering and Infrastructure. The company told BSE that under these contracts it has to supply traction equipment to Chittaranjan Locomotive Works and industrial drives to Megha Engineering and Infrastructure. The company said that these will be built at the Nelamangala plant in Bangalore. It said that Megha Engineering and Infrastructure would be supplied industrial drives worth Rs 68 crore and traction equipment worth Rs 123 crore to Chittaranjan Locomotive Works. The company’s stock fell 0.60 percent to Rs 1,325.95…
Pulsar, a popular bike among the youth, will now be available at a higher price than before. Bajaj Auto is preparing to launch the BS6 model of its Pulsar range of bikes soon. Pulsars with BS6 engines have started arriving at many showrooms. The price of Pulsar range bikes has also been leaked before launching. According to the leaks, the bikes under the Pulsar range will get expensive up to Rs 12 thousand. New price of Bajaj Pulsar 220F According to leaked reports, the new Pulsar 220F with BS6 engine has been priced at Rs 1,16,263 while its old BS4…
New Delhi: The price of non-subsidized 14 kg Indane gas has increased in metro cities. The price hike will be applicable from today (12 February). In Delhi, the price of non-subsidized Indane gas cylinder (increased by Rs 144.50) has been increased to Rs 858.50. In Kolkata (with Rs. 149) it has become Rs. 896.00. The price of non-subsidized Indane gas cylinder in Mumbai has increased by Rs. 145 to Rs. 829.50. In Chennai, it has increased to Rs 881 (by Rs 147). There was no increase in the price of non-subsidized Indane gas cylinders from January 1, 2020 onwards.
New Delhi: Bharat Forge (BFL) (CMP: Rs 499, Mcap: Rs 23,252 crore), a leading auto ancillary metal forging company, yet again disappointed with a very weak set of numbers for the December quarter. The subdued show came amid a tough operating environment in global as well as domestic automobile industries. A significant decline in volume led to a sharp fall in net revenue. Further, operating profit margin contracted due to negative operating leverage. Demand weakness marked both domestic and international markets and is expected to linger in April-June of 2019-20. Valuation remains at an elevated level. Hence, we advise investors…
New Delhi: Private airline Indigo on Tuesday announced a four-day special Valentine’s offer. Under this, customers will be able to travel within the country at an initial price of Rs 999. The company said in a statement that IndiGo is offering one million seats in this salel, which runs from February 11 to 14, at a discounted rate. Under this offer, one can travel from March 1 to September 30 on booking a ticket. Indigo Chief Commercial Officer William Bolter said, “We are pleased to announce a special sale that runs from today to February 14.” The statement said that…
The new SUV will be bigger than the current model New Delhi: Hyundai, the leading South Korean automaker, introduced its new Creta at the Auto Expo. There is a big news coming about this new compact SUV adorned with very attractive look and powerful engine capacity. It is being told that some dealerships of the company are unofficially taking bookings of this SUV. According to the report published in Autocar, the amount of Rs 10,000 to Rs 25,000 is being taken by the dealership for this. Let us know that the company has not started the official booking of its…
New Delhi: Public sector engineering company Bharat Heavy Electricals Ltd. (BHEL) ‘s consolidated net profit for the third quarter ended December 2019 of the current financial year was down 17 per cent to Rs 161.81 crore. The company’s profits have come down due to declining income. This earned the company a net profit of Rs 196.43 crore in the same quarter of the previous financial year. In a communication sent to the Bombay Stock Exchange, the company said that its total income declined to Rs 5,827.74 crore during the quarter, from Rs 7,563.51 crore in the same quarter of the…
Meerut: Historically, Brand Idea has re-imagined mobile telephony – as an enabler for societal change. Theissues/causes taken up through some of the memorable brand campaigns over the years have been contextual, contemporary and relatable to an urban audience, and yet been appreciated by the masses. Hark back to the time when ‘What an idea Sirji!’ gripped the imagination of the nation, becoming a part of daily conversations, across India’s geographies. The popular series is now back to rekindle brand engagement and affinity amongst audience. Keeping the intrinsic purpose of the Brand, Idea has launched a new campaign under ‘What…
Mumbai: The Sensex of the Delhi stock market rose 237 points on Tuesday amid the upward trend in the global markets. Global markets remained strong despite concerns about the Karona virus. The 30-share Sensex of the Bombay Stock Exchange gained 236.52 points or 0.58 percent to end at 41,216.14 points. It also touched a high of 41,444.34 points during trading. The gains in the stocks of big companies like Reliance Industries, ICICI Bank and HDFC Bank led to the rise in the Sensex. Similarly, the National Stock Exchange’s Nifty gained 76.40 points or 0.64 percent to close at 12,107.90 points.…
Kolkata: The change in dividend distribution tax (DDT) in the general budget and the new income tax structure will not have any adverse effect on the mutual fund industry. A senior official of the mutual fund industry said that the industry has shown good growth, showing strength amid slowdown in the economy. Peshotan Dastur, director (sales), Franklin Templeton India, said- “The proposal of DDT and the new income tax structure will not have any adverse effect on the mutual fund industry.” There was some apprehension about the growth of the mutual fund sector. He said that for tax purpose, only…
New Delhi: The government has decided to rename the National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of Financial Management (AJNIFM). According to an official statement, it was established in the year 1993 as a registered body under the Department of Expenditure. NIFM trains officers of the Indian Cost Accounts Service along with officers of the Finance and Accounting Services recruited by the Union Public Service Commission (UPSC). “With the vision and contribution of the late Arun Jaitley, the government decided to rename the National Institute of Financial Management (NIFM) to be named Arun Jaitley National…
New Delhi: In just two and a half years, this company’s stock gave a return of 290% and became the eighth largest company in the country. The market capitalization of Avenue Supermart, a company known as supermarket chain DeMart, reached Rs 1.50 lakh crore on Monday. It has beaten giants such as Nestle and Bajaj Finserv. The company was listed on the stock market on March 21, 2017 and had an M cap of Rs 39,988 crore at that time. Since then, its stock has registered a growth of 290%. On February 5, the company had announced the sale of…
New Delhi: The integrated net profit of non-banking finance company Sundaram Finance Limited increased by 3.8 percent to Rs 252.90 crore in the third quarter of the current financial year. The company had a net profit of Rs 243.64 crore in the same period of the previous financial year. In the information given to the stock market, the company said that its consolidated income stood at Rs 1,338.29 crore during the review period, compared to Rs 2,224.57 crore in the same period of the previous financial year. The company said in a statement that its net non-performing assets (NPAs) were…
New Delhi: Italian motorcycle maker Ducati has appointed Vipul Chandra as the head and managing director of its Indian operations. The company made a statement that Chandra will replaceSergi Canovus. Canovas will assume a new role in the company’s international operations. Prior to this, Chandra was the Director of Sales of Ducati India. He has also worked in Ashok Leyland, Tata Motors and Bajaj Auto.
industry’s first health insurance policy with unlimited sum insured Choose Sum Insured of health insurance policy on the basis of per day room rent In-patient Hospitalization Treatment without any Sum Insured limitPolicy can be taken for 1 year, 2 years or 3 years Pune: Bajaj Allianz General Insurance, India’s leading private general insurer today launched ‘Health Infinity’, which is industry’s first individual health insurance policy that provides unlimited Sum Insured (SI). With this policy, the company aims to not only make health insurance an attractive proposition, but also give customers a product without any restrictions on SI to avail quality…