Author: Finance Khabar
Pune, Maharashtra: Perspective towards health and wellness in India has witnessed a paradigm shift in the last 5 years. Taking care of one’s health or way of life is not restricted to annual medical check-ups or routine workouts anymore. The urban Indian lifestyle is evolving and the change is steadily paving its way to mini-metros and smaller Indian towns as well. The new-age lifestyle encompasses informed nutritional choices, mental well-being, cosmetic refinements and a more holistic attitude towards life. Apart from the lifestyle improvements, the previously ignored health issues like stress, body pains, dental concerns, etc. to are now checked…
Bajaj Finance Ltd NRI FD comes with a high interest rate, safe investment, multiple deposits among other attractive features Offers flexible tenor options between 12 and 36 months Pune , Bajaj Finance Ltd, a deposit accepting Non-Banking Financial Institution (‘NBFC’) and a lending arm of Bajaj Finserv group, has announced its new offering of Fixed Deposit to NRIs enabling them to benefit from high returns of up to 8.95%. Bajaj Finance Fixed Deposit for NRIs offers flexible tenor options between 12 months and 36 months, along with multi-deposit and easy renewal facilities. NRIs can easily invest in a Bajaj Finance…
Sebi circular, which applies to closed-end funds, imposes a 2-year limit for returning money in investments that become non-performing or illiquid at the time of maturity or winding up of the scheme Fund houses which have bad debt in an FMP can either extend the FMP, hold back units or pay the market value of the FMP on redemption An investor in a fixed maturity plan (FMP)—DSP FMP – Series 196 – 37M maturing on 1 August—recently reached out to Mint following a communication from the fund house. DSP Mutual Fund’s email to the investor pointed to the FMP’s exposure to DHFL…
Journalist and food-tech entrepreneur Vir Sanghvi has invested in product review startup Mishry.com. The Gurugram-based startup Mishry is India’s first content destination that aims at filling the gap between consumers and the right products to buy in the kitchenand dining space. It is a verdict-driven platform that recommends best buying options for a range of categories like groceries, snacks, dairy products and kitchen appliances like blenders, microwaves, refrigerators, air fryers, etc. “Reviews are getting more and more acceptance across the world – more so pre-saIe reviews, which by default are research and expert-driven. While consumers in the tech and auto sectors have enjoyed expert-driven reviews all…
IDFC Bank offers FDs with maturities ranging from 7 days to 10 yearsSenior Citizens get an additional spread of 50 basis points over the rate of general customers IDFC First Bank latest FD rates (below ₹2 crore) for general public 7-14 days 4.00% 15-29 days 5.00% 30-45 days 6.25% 46 -90 days 6.50% 91-180 days 6.75% IDFC First Bank latest FD rates (below ₹2 crore) for general public for maturity between 1 year and 2 years For 181 days to 1 year maturities, IDFC First Bank gives 7.00% interest. For 1 year 1 day to less than 2 years, the bank offers…
RBI has taken a grand step of changing ATM transaction rules for the benefit of consumers. This step is being seen as a big relief for the consumers. Issues like “transaction failed”, balance enquiry, cheque book request, tax payment and fund transfer will not be counted as ATM transactions. In case consumer attempts an ATM transaction and enters wrong PIN, it will also not be counted as a transaction. RBI also clarified that no charges will be levied for a failed transaction. It may be noted that some banks provide the facility of free transactions on ATM for a certain period…
Kotak Mahindra Bank changed interest rates with effect from 9th AugustMany banks including ICICI Bank, Axis Bank, SBI and PNB have revised their FD interest rates this month Kotak Mahindra Bank has revised interest rates on fixed deposits (FDs) days after RBI reduced repo rate earlier this month. Kotak Mahindra Bank’s new FD rates came into effect from 9 August 2019. Other private sector lenders Axis Bank and ICICI Bank also revised interest rates effective 10th and 14th August respectively. Kotak Mahindra Bank offers an interest rate ranging from 3.50% to 6.90% for FDs maturing in 7 days to 10 years. The bank has reduced interest…
Shares of Yes bank closed at Rs 79.45 per share, up 3.79 per cent on BSE on Friday. NEW DELHI: The Yes Bank’s Board has approved issue of 231,055,018 equity shares with face value Rs 2 each to eligible qualified institutional buyers at an issue price of Rs 83.55 per equity share. The equity sale will fetch the bank some Rs 1,930.46 crore. The share sale to QIPs is being done at a discount of 4.95 per cent to the floor price of Rs 87.90 per equity share. Post the allotment of equity shares to the QIPs, the paid-up equity share…
Ride-hailing service Ola announced the acquisition of ‘pikup.ai’, an artificial intelligence (AI) start-up based out of Bangalore, for an undisclosed sum.pikup.ai uses autonomous technologies like AI, computer vision and sensor fusion to provides seamless AI-powered solutions for businesses. Ola is increasing its focus on using advanced analytics and deep technology to build futuristic mobility solutions for India and the world. Earlier this year, Ola announced its intent to set up an Advanced Technology Centre in the San Francisco Bay area to focus on developing next-generation technologies in mobility like electric, connected and autonomous vehicles.”As we advance on our mission to build mobility…
The Reserve Bank on August 13 announced that housing finance companies (HFCs) will be treated as one of the categories of NBFCs for regulatory purposes and will come under its direct oversight. The Finance (No 2) Act, 2019 (23 of 2019) has amended the National Housing Bank Act, 1987, conferring certain powers for regulation of Housing Finance Companies (HFC) with Reserve Bank of India, it said in a release. The RBI direction comes after notification issued by the central government, it added. Nirmala Sitharaman, the Finance Minister in her maiden Budget 2019-20 speech in early July had announced that the National Housing Bank (NHB) will…
Borrowers of repo-linked home loans are able to benefit from the cut in interest rates from the month after the RBI’s monetary policy announcement Here’s a home loan scheme that links interest rates to an external benchmark, the repo—set and declared by the Reserve Bank of India (RBI) in its bi-monthly monetary policy review. State Bank of India (SBI) was the first public sector bank to launch a repo-rate linked home loan scheme, effective July 2019. So, in case of a change in policy repo rate, the repo linked lending rate changes from first day of the following month, which is a…
According to ICICI Bank’s latest FD rates, maturities between 18 months to 2 years and 2 years 1 day up to 3 years fetch the highest interest ratesMany banks including SBI, HDFC Bank, PNB and Canara Bank have revised their FD rates month Private sector lender ICICI Bank today revised interest rate on fixed deposit or FD rates. This comes days after the Reserve Bank of India (RBI) cut interest rate for the fourth time this year. ICICI Bank offers fixed deposits from maturities ranging from 7 days to 10 years. Senior citizens continue to get 50 bps higher interest…
Raksha Bandhan, the celebration of sibling love has come a long way and so has the tradition of exchanging gifts on this auspicious occasion. Considered as an expression of love, joy and celebration, selecting a gift on Raksha Bandhan for the sibling can prove to be a difficult task. A gift card thus provides an opportunity to give your sibling the power to choose their gifts – a nice perfume, a beautiful dress, a classic watch, a planned trip to an exotic location, or an OTT subscription, as they would prefer. , Qwikcilver, the end-to-end gift solution provider is launching…
Introduces a new service offering for Defence personnel on Independence Day Pune: , a Brand of UpCurve Business Services Private Limited, an Online Travel portal for Defence personnel has recently tied up with OYO and Fab Hotels to bring the hospitality service offerings on its platform for its valued customers in the Armed Forces with an array of additional services to choose from. through its new service hotel offering now has exclusive offers with zero convenience fee available for the Indian Armed Forces, Paramilitary Forces, Veterans and Dependents. udChalo’s Founder & CEO, Varun Jain said, “Our company has witnessed a…
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.