Author: Finance Khabar

Gurugram: Honda Motorcycle & Scooter India Pvt. Ltd. today announced its sales ending January, 2020. Honda closed January 2020 with total sales of 4,03,383 units. This includes domestic sale of 3,74,091 two-wheelers and exports of 29,292 units. Sharing status on Honda’s BS-VI migration, Mr. Yadvinder Singh Guleria, Senior Vice President – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “By January’20 end, Honda’s BS-VI production increased to 60% of its total business volume and beginning February 2020 we are achieving 100% transition to BS-VI production. Our new BS-VI launches have received a good response, and we are witnessing increased walk-ins’ at our…

New Delhi: Rating agency Fitch on Monday said India is expected to clock a GDP growth of 5.6 per cent in the FY’21, lower than the projection made by the government’s Economic Survey, as Budget 2020 has not “materially altered” its view on the country’s growth outlook. The Economic Survey, released a day before Finance Minister Nirmala Sitharaman presented Union Budget for 2020-21 on February 1, had projected a GDP growth of 6-6.5 per cent, up from 5 per cent estimate for 2019-20. Sitharaman’s Budget missed deficit target for the third year in a row, pushing shortfall to 3.8 per…

Shanghai: Chinese stocks collapsed on Monday with hundreds of firms plunging by the maximum 10 per cent as investors got their first chance in more than a week to react to a barrage of bad news from the spiralling coronavirus outbreak. The benchmark Shanghai Composite Index ended the morning session down 8.13 per cent, or 241.87 points, at 2,734.66, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, was down 8.30 per cent, or 145.78 points, to 1,611.04. Hong Kong went into the break 0.09 per cent, or 23.78 points, up at 26,336.41 on bargain-buying after being…

New Delhi: Amara Raja Batteries Limited has posted a profit of ₹164.41 crore for the third quarter ended December 31, 2019, against ₹130.89 crore logged in the corresponding quarter of last year. The battery major reported a revenue of ₹1,747.81 crore in Q3 FY20, against ₹1,694.66 crore for the corresponding quarter, registering a growth of 3 per cent.The earnings per share (EPS) for Q3 FY20 was at ₹9.63. The original equipment (OE) and telecom sectors continue to experience demand slowdown. However, the replacement demand for Amaron, Power Zone and Quanta batteries across market segments helped the company achieve healthy volume…

New Delhi: Petronet LNG has reported a ₹440-crore profit for the fourth quarter of financial year 2018-2019. This is 15.87 per cent lower than the ₹523 crore bottom-line reported by the company in the same quarter of the last financial year. The company’s board of directors has recommended a 45 per cent dividend at ₹4.5 for each equity share of ₹10 each. The profits during the quarter under review have been hit by an inventory loss of ₹119 crore. “The spot price of natural gas has fallen from $8.5 per million British thermal units (mBtu) at the beginning of the…

New Delhi: The PMI survey additionally cited an uptick in business self belief, factories’ output recorded a grand establishing in January, as Purchasing Managers’ Index (PMI) for production surged to 55.3 in the month, the best in almost 8 years. Manufacturing PMI is compiled by IHS Markit from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. The responses are collected in the second half of each month, and indicate the direction of change compared to the previous month.…

New Delhi: ITC Ltd on Monday lost its vicinity inside the list of the country’s 10 most-valued companies in terms of market capitalisation after the government proposed a hike in tax on tobacco and cigarettes. Traders have lost over ₹33,000 crore in market capitalisation in the last two trading sessions with the stock falling over 9.4 %, its biggest -day fall in 18 months. It turned into at a almost 4 year low after a slew of of cut in earnings and the stock’s target price has been cut. The stock traded at ₹210. 00, down 4%, even as the…

New Delhi: South Korea’s leading auto company Kia Motors has released its January sales figures, with Kia Motors having the highest number of units of 15,450 units in the month of January 2020. However it also includes some units of Carnival . This figure is about 232.6 percent more than the previous month. Kia motors has surpassed Renault, Tata, Honda, Toyota, Ford, the leading automakers in sales in India. At the time of launching Seltos, the introductory price was kept at Rs 9.69 lakh. Which have been increased to 35,000 thousand rupees from 1 January 2020. That is, the price…

New Delhi: Tobacco Institute of India said that india may additionally become a preferred destination for ” smuggled cigarettes” as the increase in National Calamity Contingent Duty (nccd) will incentivise illegal cigarette trade operators. “The hike in NCCD announced in the budget 2020-21 and the resulting escalation in cigarette taxation leading to higher tax arbitrage will serve as a massive incentive to illegal cigarette trade operators, who target India as a favored destination for smuggled cigarettes,” it stated in a statement. It pointed out that illegal cigarettes have grown consistently within the country and now account for one-fourth of the…

New Delhi: With the budget out of the way, the lens is again on corporate profits, RBI’s policy and the unexpectedly spreading coronavirus. At the same time as the budget has gone down well with the market contributors, the three hundred points or 2. 5% fall in the Nifty ranks among the highest on budget days. A part of the fall is attributed to the risk aversion that is currently gripping the global markets as corona virus fears escalate. Then again, the budget has not provided the much-anticipated large stimulus, while it banks on big ticket disinvestments that can be…

Pune based Kalyani Group shall be showcasing its wide range of indigenous solutions and capabilities at the upcoming Defexpo 2020 at Lucknow. Three new Artillery platforms stand to be unveiled by them at the show – MArG Extended Range, which is a 155mm/52 cal Ultra-Light Howitzer; Garuda-105 V2, which is a 105mm gun mounted on their own “Go Anywhere Vehicle”; and 4×4 MGS, which is a 155mm/39 cal gun system mounted on a 4×4 platform. All three gun platforms and the “Go Anywhere Vehicle” have been indigenously designed and developed by Kalyani Group incorporating niche and advanced technologies. Visitors to…

Oil PSUs ONGC, IOC and others will invest over Rs 98,521 crore within the coming fiscal year beginning april 1 in exploring for oil and gas, refineries, petrochemicals and laying pipelines to fulfill desires of the sector’s quickest-growing power ingesting country. The investment proposed in 2020-21 is almost 4 per cent higher than Rs 94,974 crore spending by means of the state-owned oil firms in the current fiscal yr that ends on march 31. Oil and Natural Gas Corp (ONGC) leads the pack with a 19% rise in its capital spending at rs 32,501 crore. The organisation is making an…

New Delhi: Overseas investors have pumped in more than rs 12,000 crore in stock markets in january, closing internet consumers of indian equities for the fifth consecutive month, helped by means of easing issues bearing on geopolitical anxiety among the U. S. And Iran coupled with the U. S.-china conflict. In the equities segment, FPIs invested Rs 7,547. 8 crore in September, Rs 12,367. 9 crore in October, Rs 25,230. 6 crore in November and Rs 7,338. 4 crore in December. According with depositories facts, a net sum of Rs 12,122 crore was pumped into equities last month by overseas…

If you are also thinking of buying Vivo V17 Pro dual selfie camera smartphone launched in September last year, then this news is specially for you. Talking about important features, Vivo V17 Pro has two front camera sensors for selfie. There are many Flipkart and Amazon offers with this Vivo smartphone. The 8 GB RAM / 128 GB storage variant of the Vivo V17 Pro is priced at Rs 27,990. Recall that this Vivo Smartphone was launched in the Indian market with a price of Rs 29,990. Exchanging the old phone will get a discount of up to Rs 14,050,…

78 million units dispatched universally Inferable from the accomplishment of the new iPhone 11 lineup presented in September a year ago, Apple has recaptured the top spot with 78 million units dispatched universally in Q4 2019. Notwithstanding, even with the effective quarter, the Cupertino giant ended up at the third spot by delivery 198.1 million units in 2019 as compared to with 212.5 million units in 2018. Then again, Korean cell phone player Samsung held the top spot with 298.1 million units dispatched in 2019, with 2 percent annual growth. Significantly after the US Entity list saga, Huawei transported 240.6…

KT Prasad, Country Sales Director, Zendesk India react on Union Budget 2020 “I believe the Union Budget 2020 will have a positive impact on helping further drive Indian businesses, given the current local and international market conditions. The startup sector will benefit greatly from the tax breaks, and the move to tax ESOPs on liquidation will encourage the retention of talent in the sector, poising it for continued growth on the global stage. We are happy to see the push for adopting AI and ML particularly in the healthcare sector, which will help boost access to services as well as…

Sunny Nandwani, Founder, Managing Partner, Acuver: “The Budget 2020 by finance minister Nirmala Sitharaman claims to have provided an annual benefit of Rs 1 lakh crore on account of GST where every average household saves monthly 4% on account of reduced GST. This improves the consumption and saving for each individual. In a bid to brand the technological sector, budget 2020 will prove to be an incentive for foreign investors. Addressing the retail sector specifically, the National Logistics Policy will now advance towards making MSMEs more competitive as the policy will be released soon. More, the new budget dynamics will…

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said insurance major Life Insurance Corporation (LIC) of India will be listed on the bourses as part of the government disinvestment initiative. Riding high on listing of LIC and privatisation of Air India and BPCL, and other state-owned entities, the government has set a divestment target of Rs 2.1 lakh crore for FY21. New Delhi: Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) of India will be listed on the bourses as part of the government disinvestment initiative. Riding high on listing of LIC and privatisation of Air India…

Indian fund serves Nirmala Sitharaman introduced Union Budget for 2020-21 today at the Parliament. Introducing the Budget, the pastor said that as Prime Minister Narendra Modi had gotten a colossal help from the general population to shape the administration again in May 2019, this financial limit has been set up to improve the pay and buying power for the individuals of India. Sitharaman declared the presentation of another individual personal duty system to serve working-class salary gatherings to spare assessments and furthermore scrap profit conveyance charge. Here are the features of Union Budget 2020-21: 1- Reduction in annual assessment rates:…

New Delhi. Finance Minister Nirmala Sitharaman presented the country’s general budget 2020-21 on Saturday. As everything when budget release it brings curiosity along that now what will be cheaper and what will be costly, let us know how this budget will have an impact on common life. It could be expensive Stationery will become expensive. Petrol-diesel, gold, cashew nuts, auto parts, synthetic rubber, PVC and tiles will become expensive. In addition, the list of expensive items includes gold and silver ornaments. While accessories such as AC, optical fibre, stainless product, loudspeaker, video recorder, CCTV camera, car horn, cigarettes can be…