Author: Finance Khabar
Pune, India: When it comes to making investments, investors tend to procrastinate when they don’t know how to get started. However, choosing the right investment may help you get started and grow your savings easily. Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, is offering Fixed Deposit which comes across as a favourable investment avenue for all investors, regardless of their risk type. In addition to the safety and stability of your fixed deposit, you can also reap the benefits of auto-renewal facilities, which makes it easy for you to start investing. Read along to know how this feature makes Bajaj Finance FD…
Gurugram, India: GoSahi.com, with its customer-centric approach, offers a new and distinct business model for the Indian financial marketplace. Customers are not just able to go through the best offers on the platform, but also benefit from the expert advice of highly qualified and seasoned professionals who help them throughout the loan availing process. The platform has already starting making big strides in the Indian loan comparison & fulfillment industry. Preminen Price Comparison India Pvt. Ltd. recently launched its maiden portal in the Indian financial marketplace – GoSahi.com. The platform has been developed keeping in mind the most important person in the entire loan…
Customers can now make down payment using their SuperCard reward pointsAdditional 5% cashback on paying remaining down payment from SuperCard Pune,India: Bajaj Finserv, through its lending arm Bajaj Finance Limited and RBL Bank have launched a first of its kind reward redemption program for its SuperCard customers called ‘Pay with points’ to deliver super savings for customers. This will empower the SuperCard holders to save big by redeeming their accumulated SuperCard reward points against the down payment when shopping on the Bajaj Finserv EMI Network across 90,000 partner stores. In addition to the ‘Pay with points’ benefit, SuperCard holders also have the option of getting…
Pune, India: Clean and safe drinking water is important to ensure the health of your family. As per a recent news report, over 600 million Indians face acute water shortage, and around 2 lakh people die every year due to consumption of polluted water. In most parts of the country, groundwater is polluted with industrial waste, pesticides, and fertilisers. High levels of nitrate, fluoride, and iron in drinking water can adversely affect your health. With increasing instances of water pollution, installing a water purifier at home has become a necessity rather than a luxury. he efficiency of a water purifier, however,…
Soon after resisting SoftBank and Tiger, here’s how Ola got the two to invest in Ola Electric on its terms Bengaluru: When Ola Electric Mobility Pvt. Ltd, the electric vehicle unit spun off from ride-hailing startup Ola, said in July that it had raised about $250 million from SoftBank GroupCorp., it became the fastest firm to become a unicorn after Udaan, a business-to-business commerce platform. Ola Electric took just two and a half years to attain the unicorn tag, which refers to startups valued at $1 billion or more. The company had previously raised ₹400 crore in March from Tiger Global Management and Matrix Partners India, which,…
Bengaluru: Food delivery and restaurant discovery platform Zomato has laid-off around 70-100 employees in its customer support team at its office in Gurgaon, as the company looks to cut costs and reduce redundancies across its food delivery business, said three people aware of the development.
The Reserve Bank of India (RBI) slashed interest rates (repo) by 35 basis points (bps) on Wednesday. The repo rate now stands at 5.4 per cent, after four consecutive rate cuts in this year from its recent peak of 6.5 per cent.
There are lakhs of agents and brokers selling life Insurance in India. Most of them are well-intentioned and try to help customers choose policies that are suitable for their need and lifestyle. There are also some rogue agents who try to sell insurance by misrepresenting facts and sometimes present a distorted picture of the features of an insurance policy.
In a widely expected move, RBI cut the policy repo rate by 35 basis points (bps) to 5.4% in its monetary policy committee (MPC) meeting on Wednesday. This makes it the fourth rate cut in a row since the first MPC chaired by RBI governor Shaktikanta Das in February 2019. In all, RBI has reduced the repo rate from 6.5% to 5.4% in this period.
Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns.
MUMBAI: Agriculture tech startup Gramophone today said that it has raised ₹24 crore from existing investor InfoEdge, which owns Naukri.com, and impact investors Asha Impact and Better Capital, among others.
The Finance (No. 2) Bill, announced on July 5, 2019, has created a buzz in the market, especially due to the so-called ‘Super-rich tax’. The maximum marginal rate (MMR) shooting up to 42.7 per cent has made high-income taxpayers anxious. On the other hand, the rebate announced in the Interim Budget in February 2019 for people with taxable income below Rs 5 lakh made the ‘target’ taxpayers happy. This year was unique
MUMBAI: Asset managers in India are seeking regulatory approval to join creditors as one of the nation’s major shadow lenders tries to pull itself out of distress.
Last Friday (August 2), the RBI barred non-banking finance companies (NBFCs) from charging pre-payment penalties or foreclosure charges from individual borrowers.
If you are in the market looking for a credit card, you are probably prepared to shell out an annual fee for the same. But why should you pay a fee when the market has zero-fee credit cards too? While paying a fee may entitle you to extra benefits, a zero-fee credit card may suffice if you do not use it a lot or are a new user. We explain why but first let’s start with the basics.
Indian financial markets look like a very different place in the last few weeks. The euphoria of an election outcome that was perceived as very positive for India, due to its large mandate to the incumbent government, has given way to questions about growth and consumption slowdown, lack of reforms and tax terrorism, amongst other negative factors.
Awfis, a startup that rents coworking space to businesses, raised $30 million in a Series D equity financing round led by homegrown ChrysCapital, a senior executive at the private equity firm said.
“Coworking has changed the way commercial real estate business is conducted globally and has picked up a lot of steam in India,
Every mutual fund house incurs expenses. Fund managers need to be paid their salaries for managing investors’ money. Distributors need to be paid commissions for selling mutual fund schemes. Apart from these, there are several costs incurred in running a fund house such as auditor’s fees, registrar and transfer agent’s fees and so on.
Bengaluru: Payments solution company Razorpay today announced its acquisition of Thirdwatch, an artificial intelligence (AI) start-up based out of Gurgaon which specializes in real-time fraud prevention using machine learning.
Thematic or sectoral funds are mutual funds that invest in a particular industry or sector or around a theme. Some of these funds are investing in sectors such as technology, banking and financial services, utilities, auto and auto ancillaries, real estate, and so on.