Author: Finance Khabar
New Delhi: Bharti Airtel and the Tata Group on Monday announced a strategic partnership for implementing 5G networks solutions for India. Tata Group has developed a ‘state of the art’ O-RAN based Radio & NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the group capabilities and that of its partners. This will be available for commercial development starting January 2022, said a statement. Tata Consultancy Services (TCS) brings its global system integration expertise and helps align the end-to-end solution to both 3GPP and O-RAN standards, as the network and equipment are increasingly embedded into software, it said.…
The country’s largest car company Maruti Suzuki will increase the prices of its cars from next month. The company has said that it will increase the prices of its cars from the month of July. In a regulatory filing of the stock exchange, the company has said that since the cost of car manufacturing is increasing, there is no option but to pass the burden on the customers. In a notice filed on the stock exchange on Monday, Maruti Suzuki has said that due to the increase in various input costs over the years, the cost of car manufacturing on…
MUMBAI: The open domestic stock market was finally able to make gains with a dive in early trade due to the fall in Asian markets, as the BSE Sensex rose 230 points and the National Stock Exchange’s (NSE) Nifty rose 63 points. BSE’s 30-point sensitive index Sensex rose 230.01 points to 52574.46 points and NSE’s Nifty gained 63.15 points to 15746.50 points. Along with the previous companies, the trend of buying in small and medium companies also continued, due to which BSE Midcap rose 0.82 percent to 22420.06 points and Smallcap rose 0.83 percent to 24854.25 points. During the session,…
NIIT Foundation will be the first partner association; to provide 100% placement assistance to the students as they learn New Delhi: Online gaming pioneer and industry leader, Zupee, today announced the launch of their skilling academy, which will impart employable skills and promote equal opportunities in the youth of the country. Zupee Skilling Academy (ZSA) will be a first-of-its-kind mission by a corporation, aimed at skilling, upskilling and educating young, disadvantaged Indians. The idea is to prepare them for the future by getting them ready through skill training and ensuring that everyone in the program has equal opportunities for employment.…
New Delhi: Air India is controlled by the Indian government so much that they are alter egos , Cairn had said in the lawsuit filed with the US District Court for the Southern District of New York. Air India has time till mid-July to challenge the lawsuit filed by Britain’s Cairn Energy PLC demanding that a US federal court force the airline to pay a USD 1.26 billion arbitration award it had won against the Indian government in December last year, sources said. Air India is controlled by the Indian government so much that they are “alter egos”, Cairn had…
New Delhi: The automaker, which sells models like Hector and Gloster in the domestic market, expects the industry to post a growth of about 20 per cent in 2021 calendar year as compared with last year. MG Motor India expects sales to recover gradually over the next few months with various states removing restrictions on business activities due to improvement in COVID situation, as per a top company official. The automaker, which sells models like Hector and Gloster in the domestic market, expects the industry to post a growth of about 20 per cent in 2021 calendar year as compared…
New Delhi: Despite the second wave of Covid-19 pandemic, there was an increase of 13.73 per cent net subscribers during April as compared to the previous month during which around 11.22 lakh net subscribers were added to the payroll. Data reflects that the number of exits in the April have declined by 87,821 and rejoining has increased by 92,864 subscribers as compared to March this year. “Of the 12.76 lakh net subscribers added during the month, around 6.89 lakh new members have come into the social security coverage of EPFO for the first time. Around 5.86 lakh net subscribers exited…
If you have not filed your income tax return yet, then submit the ITR by June 30, otherwise you will have to pay double TDS after that. If a taxpayer has not filed TDS in the last 2 years and the deduction of TDS in each year exceeds Rs 50,000, then the Income Tax Department will charge a higher fee while filing ITR from July 1. After the implementation of the Finance Act 2021, changes have been made in the rules of TDS. These changes are related to TDS Rules for goods purchase and those who do not file ITR…
Mumbai: The country’s foreign exchange reserves rose for the 10th consecutive week to reach a record high of over $608 billion. With this, India has become the fourth largest country in the world in this respect, overtaking Russia. According to the data released by the Reserve Bank of India today, the country’s reserves of foreign exchange increased by $3.07 billion to $608.08 billion for the week ended June 11. Earlier in the week ended June 04, it had risen by $ 6.84 billion to a record high of $ 605.01 billion and was lower by a marginal margin than Russia.
New Delhi: Two-wheeler maker India Yamaha Motor as part of its ‘The Call of the Blue’ campaign has launched FZX, the first neo-retro motorcycle in India with prices starting at Rs. Announcing this today, the company said that the FZX has been designed with a neo-retro design theme, which gives a nostalgic feel. Along with this, industry-leading technology has been used in it to meet the riding needs of the youth. It is designed to be a great riding partner in various riding conditions and is powered by an air-cooled, 4-stroke, 149 cc, SOHC engine.
Mumbai: The 30-share BSE Sensex ended 21.12 points or 0.04 per cent higher at 52,344.45, while the broader NSE Nifty inched 8.05 points or 0.05 per cent lower to 15,683.35. Equity benchmarks Sensex and Nifty ended on a flat note after a volatile session on Friday amid a largely negative trend in global equities. The 30-share BSE Sensex ended 21.12 points or 0.04 per cent higher at 52,344.45, while the broader NSE Nifty inched 8.05 points or 0.05 per cent lower to 15,683.35. ONGC was the top loser in the Sensex pack, shedding around 4 per cent, followed by NTPC,…
New Delhi: The partnership includes governments, community colleges, non-profits, and employment agencies that are focused on improving underserved populations’ skills and employability. Tech giant IBM has partnered with 30 global organizations, including 11 from India that will contribute to the company’s goal of training 500,000 people by the end of the year through its SkillsBuild program. The partnership includes governments, community colleges, non-profits, and employment agencies that are focused on improving underserved populations’ skills and employability. Some of the partner organizations include The American Indian Foundation Trust, Andhra Pradesh State Skill Development, CSC Academy, CSRBOX, Edunet Foundation, Training Point, Reach…
New Delhi:Air India through MSTC invites e-auction bids for sale of the properties located across India, according to a public notice. Disinvestment-bound Air India is looking to raise Rs 200 to 300 crore by selling commercial and residential real estate assets in different parts of the country. Air India on Friday sought bids for a slew of properties, including flats and plots. “Air India through MSTC invites e-auction bids for sale of the properties located across India,” according to a public notice. A residential plot and a flat in Mumbai, five flats in New Delhi, a residential plot in Bangalore,…
Walmart Inc., Flipkart and Amazon.com Inc. have challenged orders against resuming antitrust investigations into their business practices. The Competition Commission of India (CCI) had launched an investigation in January last year after a complaint alleged that Flipkart and Amazon were using huge discounts to promote select sellers on their e-commerce platforms and reduce competition. was alleged. The companies have denied wrongdoing and immediate legal challenges from both companies stalled the investigation for more than a year. However, last week, a court while delivering the verdict dismissed the CCI’s pleas of lack of evidence.
Mumbai: The 30-share BSE index ended 178.65 points or 0.34 per cent lower at 52,323.33. The broader NSE Nifty declined 76.15 points or 0.48 per cent to 15,691.40. IndusInd Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by Dr Reddy’s, NTPC, Maruti, Axis Bank, Bajaj Auto, Bharti Airtel and HDFC. On the other hand, UltraTech Cement, TCS, Asian Paints and Infosys were among the gainers. “Bulls stepped back a bit following the economic forecast by the US Federal Reserve as the street stayed cautious on the slow economic recovery in emerging markets unlike…
New Delhi: Microsoft Corporation has named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson. On Wednesday, it announced that the independent directors of the board unanimously elected the Indian-origin Nadella. According to The Verge, it is the first time in two decades that Microsoft’s chairman will also be its CEO, after the software giant’s co-founder Bill Gates originally stepped down as CEO in 2000. Also, Thompson, who took over as chairman from Bill Gates in 2014, will serve as lead independent director. Nadella was appointed Microsoft CEO in 2014 after taking over the position…
Kolkata: Leading telecom operator Vodafone Idea on Thursday announced the availability of eSIM for its postpaid customers for compatible devices in Kolkata. An eSIM is a digital SIM that allows one to activate a cellular plan from a carrier without having to use a physical nano-SIM. It is a small chip inside the phone. The technology will enable postpaid customers “to enjoy the benefits of convenience and flexibility of having more than one sim even on a single sim device,” Vodafone Idea Cluster Business Head- (East), Shivan Bhargava said in a statement. The company’s eSIM service is now available in…
New Delhi: India has allowed Chinese companies to participate in the country’s government projects. According to the decision of the government, now domestic companies will be able to bid for government projects together with Chinese companies through technology transfer agreement. This is in contrast to the government’s stand that last year, amid the ongoing dispute with China, steps were taken to prevent Chinese companies from doing business in India in every possible way. According to industry sources, the relief given by the government has made it possible for Chinese companies to operate in the Indian market. Since the beginning of…
New Delhi: India’s fuel demand rebounded in the first half of June as easing of coronavirus lockdowns helped sales but the consumption was still lower compared to last year. While petrol sales rose by 13 per cent during June 1-15 over the same period of last month, diesel consumption was up 12 per cent, according to data compiled by state fuel retailers. This is the first monthly increase since March. Fuel demand had recovered to near-normal levels in March before the onset of the second wave of Covid-19 infections led to the reimposition of lockdowns in different states, stalling mobility…
New Delhi: Former Finance Minister P. Chidambaram has alleged that contrary to the claims of Finance Minister Nirmala Sitharaman, GST dues of Congress-ruled states Rajasthan and Chhattisgarh are yet to be cleared. “More numbers on GST dues. For Rajasthan, the GST dues upto 31-3-2021 were Rs 4,635 crore. This number was mentioned in CM’s letter to FM. In 2021-22, add another Rs 2,507 crore upto May. Total dues, so far, are Rs 7,142 crore “For Chhattisgarh, GST dues upto 1-6-2021 are Rs 3,069 crore. Yet, the FM claimed that she had cleared GST dues to all states!” the former union…