Author: Finance Khabar
New Delhi: Retail inflation rose to 7.59 percent in January as food and food became costlier. According to government data, retail inflation based on the Consumer Price Index stood at 7.35 percent in December 2019. In the month of January last year, it was 1.97 percent. If we talk about food inflation in retail inflation, it was 13.63 percent in January 2020 as compared to a decrease of 2.24 percent in January 2019 a year ago. However, it has come down to 14.19 percent as of December 2019. The Reserve Bank made no change in the key policy rate this…
New Delhi: ITC Limited has decided to increase cigarette prices by 10 to 20 percent. The largest increase has been in small and regular size cigarettes, which have the largest share in the company’s sales. Three out of every four cigarettes sold in the country are from ITC. The company has increased prices by 10% in the premium segment. At the same time, the price of regular cigarettes of 69 mm length has been increased by about 14-16%. The price of entry-level cigarettes, ie cigarettes less than 64 millimeters in length, has been increased by 12 to 20 percent. This…
The company intends to focus on Meerut (Uttar Pradesh) with a strong distribution network Meerut, 12February 2020- At Livpure, we strive to make every Indian healthy by providing them with pure water and pure air. Over a few years, we have established ourselves as the foremost trusted water and air purifying brand by offering the latest innovations, stylized products, and capable service infrastructure. As we all know the world is moving towards smart phones, smart homes, smart kitchens and smart bathrooms. Essentially, Living Smart.Hence Livpure decided to only play the smart game. And it has launched India’s first truly smart…
New Delhi: On account of ease in Coronavirus fears, the Indina indices witnessed fresh buying in the intraday trade session. The BSE Sensex skyrocketed 349 points and closed at 41,565 levels while the 50-stocks Nifty soared 93 points and closed at 12,201 mark. Bank Nifty surged 192 points and closed at 31,492 levels. Speaking on the current rise in the Indian stock market Simi Bhaumik, a SEBI registered technical equity expert said, “Much will depend on tomorrow morning opening. If the market opens higher and sustains above 12,200 levels then one should wait till further trends getting clear to them.…
New Delhi: Dr. Reddy’s Laboratories will acquire select divisions of Wockhardt’s branded generics business in India and a few other international territories of Nepal, Sri Lanka, Bhutan and Maldives for a consideration of Rs 1,850 crore. The two sides have signed a definitive agreement, according to a statement issued on February 12. The portfolio acquired by Dr Reddy’s comprises of 62 brands in multiple therapy areas such as respiratory, neurology, VMS, dermatology, gastroenterology, pain and vaccines. Besides, it would also take over the related sales and marketing teams and the manufacturing plant located in Baddi, Himachal Pradesh with all plant…
New Delhi: Pharma company Suven Life Sciences may sell the recently demerged CRAMS business. Barclays have been appointed for this sale according to the market going on. The stake sale process will start soon. Explain that the company is in contract research and manufacturing business. The company’s promoters want a special focus on research. It has therefore been decided to sell the CRAMS business. The company has also applied for listing on the exchange. The valuations of CRAMS business are also very good. Barclays declined to comment on the deal. At the same time, Suven Life has not yet answered…
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.…