Author: Finance Khabar
New Delhi: Two-wheeler manufacturer Hero MotoCorp is also upgrading its bikes according to BS6 standards. A Splendor Plus will also soon come with the new BS6 engine in Hero’s best selling bikes. However, before the arrival of the new bike, its pictures have been leaked. Looking at the leaked photos, it seems that the company is preparing to present this bike in a completely new style. However, before this, the company has launched its bike iSmart with the BS6 engine. Splendor in the commuter segment is much preferred due to its budget range and low maintenance. The new Splendor will…
New Delhi: According to reports circulating in the market, Escorts may sell its share to the Japanese company Kubota. Initial talks with Kubota are on to buy the stake. According to information from sources, Escorts Treasury may sell shares to Kubota. Kubota has an eye on the tractor and machinery market. Keeping this in mind, Kubota can buy 20-25 per cent stake in Escorts in several stages. The deal may be at a 20-25 percent premium to the current price. According to sources, this deal can be done in 2-3 steps. The first minority stake will be sold, which may…
New Delhi: Another new SUV will soon be added to the sub-compact SUV cars segment. The upcoming new car will be offered by the Japanese company Nissan. Nissan has also released a teaser of this SUV. The company’s LED taillight can be seen in the company’s teaser. Till the official name of this new SUV from Nissan, it has been given the codename Nissan EM2. The company says that it is based on the philosophy of ‘Make in India, Make for the World’. According to this, there is a possibility that this car will be exported to other countries as…
New Delhi: US President Donald Trump is scheduled to visit India on February 24-25. However, earlier on Monday, the US on Monday removed India from the list of developing countries which are exempted from the countervailing duty (CVD) of the US. To give this exemption, it is seen that these countries are not harming the American industry through unfair subsidy exports. Apart from India, Brazil, Indonesia, Hong Kong, South Africa and Argentina have also been excluded from the list by the United States Trade Representative (USTR). All these countries were given special preference, due to which they were exempted from…
New Delhi: Allahabad Bank has cut the marginal cost based interest rate (MCLR) by 0.05 percent for different maturity periods. The revised rates will be effective from February 14. The bank told BSE that its Asset Liability Management Committee reviewed the existing MCLR and decided to cut it by 0.05 per cent for all maturity loans. The bank said that the MCLR of loans with maturity of one year has now come down from 8.30 per cent to 8.25 per cent. Similarly, the MCLR of one day, three springs and six months has come down from 7.75 per cent to…
Kolkata: The spread of Corona virus in China is an opportunity for India. Taking advantage of this opportunity, India can beat China in terms of exports. Chief Economic Advisor Krishnamurthy Subramanian says the outbreak of the virus in China could be an opportunity to increase exports to India. India is one of the major trade partners of China in Asia and also has a high trade deficit with China. Krishnamurthy said, ‘It is very difficult to say what effect it will have on India-China relations in terms of trade. However, the Corona virus definitely gives India a good opportunity to…
New Delhi: The country’s industrial production (IIP) declined by 0.3 percent in December 2019 due to the poor performance of the manufacturing sector. A year earlier, industrial production was up 2.5 percent in December 2018. Last August, September and October, industrial production grew by 1.8 percent in November after being in decline for three consecutive months. It declined by 1.4 percent in August 2019, while it was down 4.6 percent in September and 4 percent in October. According to data released on Wednesday by the National Statistics Office (NSO), manufacturing output in December declined by 1.2 percent. Production of the…
Kolkata: Indian Wood Products Co. Limited, the Kolkata-based largest manufacturer of branded catechu or katha in the world – which is celebrating 2019-20 as its Centenary year, is drawing up an ambitious plan to expand its business at home and abroad. Katha, which is primarily extracted from khair tree, is a vital ingredient of paan or customized betel leaf savoury in India, has a huge potential in the pharmaceutical sector, said its Chairman K K Mohta. He said the size of the overall retail market for katha (catechu) in India is estimated at Rs 3000 crores at present. Katha is…
New Delhi: On the occasion of Valentine’s Day, SAIL has gained a lot from airlines. After Indigo Airlines, Air Asia India has now announced a four-day Special Valentines Day Sale. Under this, the price of tickets starts at just 1,014 (including all taxes). Under this offer, tickets will be sold till February 14. You can travel till September 30, 2020 on tickets booked during the offer. Under this offer, the airline will sell 1.4 lakh tickets. The airline tweeted, ‘Choose your Valentines date and destination with 1.40 lakh tickets at very affordable prices’.
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.