Author: Finance Khabar
Chennai: Government-owned premier non-life insurer New India Assurance Company Ltd has provided about Rs 102 crore last fiscal towards doubtful debt for the dues from the governments of Rajasthan, Karnataka, and Arunachal Pradesh. According to New India, an amount of Rs 120.09 crore was withheld/deducted by the Rajasthan government under the Bhamashah Health Insurance Scheme towards rejection of claims under the scheme and related matters. As per a meeting held on August 4, 2020 between New India and the Rajasthan government, it was agreed to adjust the amount of about Rs 65.33 crore against the outstanding claims payable by the…
The world’s largest corona vaccination program has started in India from 16 January and any person above the age of 18 years can get its dose. To encourage more and more people about vaccination, some government banks are offering special offers to the people. Under this offer, people will get interest at higher rates on deposits, although interest at higher rates will be available only for a limited period. UCO Bank is offering 30 basis points (0.30 per cent) higher rate of interest on Fixed Deposits (FDs) on 999 days FDs to those who have got at least one dose…
Mumbai: The major stock exchanges BSE Sensex and Nifty50 closed with a fall at the close of trading today on June 8. During trading today, the Sensex opened at 52,428.72 points and reached 52,432.43 points. At the close of trading in the Sensex, it closed at 52,275.57, down 0.10 percent or 52.94 points. Today 14 stocks were buying on the Sensex and they closed with gains while 16 stocks closed with a fall. Banking stocks fell on the Sensex. Selling in financials and metals led to pressure, while IT, FMCG and pharma stocks supported the market. Talking about Nifty 50,…
Delhi: Southern Health Foods Pvt Ltd, that markets products under the popular brand name of ‘Manna’, has forayed into the women’s health drink space with the launch of Manna iStrong , an iron fortified multigrain instant drink mix for women. Manna i Strong is a specially formulated iron fortified women’s health drink that is made with 8 Grains, including 3 Super Grains and has 100% RDA of iron, vitamin C, vitamin B9 and B12 in every 2 serves. Iron intake helps increase the hemoglobin level which enables red blood cells to carry oxygen throughout the body. Vitamin C helps in…
Mumbai: The BSE Sensex on Monday advanced by 228.46 pts to close at 52,328.51 following gains in Utilities, Energy, Power and Telecom stocks. The Nifty too rose 81.40 pts to 15,751.65. The day opened in green, as the Sensex went up by 123 pts to 52,231.38. During the day it surged 278 pts to 52,378.69, days high, before closing at 52,328.51, up by 228.46 pts from its previous close. The sensex registered days high and low at 52,378.69 and 52,054.76 pts respectively. The Nifty recorded days high and low at 15,773.45 sand 15,678.10 pts respectively. The sectoral indices like Utilities,…
New Delhi: The World Bank has approved a program of more than $ 500 million i.e. 3600 crore rupees to support the initiative of the Government of India to help the MSME sector. On May 30, the government had announced to extend its Emergency Credit Line Guarantee Scheme (ECLGS) of Rs 3 lakh crore by three months. This scheme was extended from 30 June 2021 to 30 September 2021 or till an amount of Rs 3 lakh crore is released. The Finance Ministry had also announced 100% guarantee on loans up to Rs 2 crore for hospitals, nursing homes, clinics,…
New Delhi: Leading fertiliser cooperative major IFFCO on Sunday said it has started commercial production of nano urea liquid and dispatched the first consignment to Uttar Pradesh for use of farmers. Indian Farmers Fertiliser Cooperative Ltd (IFFCO) has priced nano urea liquid at Rs 240 per bottle, which is 10 per cent cheaper than the cost of a bag of conventional urea. It is a patented technology of IFFCO developed at its Nano Biotechnology Research Center, Gujarat. “IFFCO Nano Urea is a product of the 21st century and it is the need of hour to keep the environment soil, air…
New Delhi: Fugitive diamond merchant Mehul Choksi, who fled the country with thousands of crores of rupees from Indian banks, has claimed in an affidavit that he is a law-abiding citizen and had left India only for treatment in the US. Mehul Choksi has invited Indian officials for his interrogation. He said that he can ask whatever questions the Indian authorities want to ask about the investigation being conducted against him. According to the report of an English newspaper, the absconding businessman has filed an eight-page affidavit in the Dominica High Court saying that I have asked the Indian authorities…
New Delhi: Foreign portfolio investors (FPIs) have poured Rs 8,000 crore into the Indian stock markets in just four trading sessions in June. After the reduction in new cases of Covid-19 and better quarterly results of companies, the confidence of foreign investors towards the Indian markets has increased. Earlier in May, FPIs had withdrawn Rs 2,954 crore and in April, Rs 9,659 crore, according to depository data. Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said that going forward, with the improvement in the scenario on the corona virus front and intensification of vaccination campaign, FPI investment is expected to increase…
The market capitalization of 7 companies in the top 10 of Sensex increased by Rs 1,15,898.82 crore last week. Reliance Industries was the biggest gainer. Last week, the 30-share BSE Sensex was up 677.17 points or 1.31 per cent. Market valuations of Reliance Industries, HDFC Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra Bank increased in the week under review. On the other hand, the market capitalization of Tata Consultancy Services (TCS), Infosys and ICICI Bank declined. The market capitalization of Reliance Industries rose by Rs 60,668.47 crore to Rs 13,88,718.41 crore during the week.…
New Delhi: There has been another increase in vehicle fuel prices on Sunday. Due to this, the price of petrol in the capital Delhi has crossed Rs 95 per liter. At the same time, diesel crossed Rs 86 per liter for the first time. According to the price notification of the public sector petroleum companies, the price of petrol has been increased by 21 paise per liter and that of diesel by 20 paise per liter. Vehicle fuel prices have increased 20 times since May 4. With this, petrol has now reached a historic high in various parts of the…
Digital payments company Square is looking to create a hardware wallet for the cryptocurrency bitcoin, so that people investing in bitcoin can have complete control over the cryptocurrency. Square CEO Jack Dorsey, who is also the CEO of Twitter, tweeted that his company plans to build a bitcoin hardware wallet. Earlier on June 4 at the Bitcoin 2021 conference held in Miami, Jack Dorsey said that the bitcoin hardware wallet created by his company Square would be open source and would be hardware designed from software. He said that bitcoin belongs to everyone and no one should have control over…
India’s largest airline company Indigo has suffered a huge loss in the last quarter of the financial year 2020-21 and the company’s consolidated net loss has increased further. Indigo’s parent company InterGlobe Aviation Ltd’s net loss has increased to Rs 1,147 crore in Q4. Whereas, in the same quarter last year, the airline company had a loss of Rs 871 crore and in the previous quarter i.e. Q3 of FY21, the company’s net loss was Rs 620 crore. The company’s operating revenue declined by 25% to Rs 6223 crore in the March quarter from Rs 8299 crore in Q4 last…
New Delhi: The government’s May GST collection stood at Rs 1.02 lakh crore. This is the eighth consecutive month that the GST collection figure has crossed Rs 1 lakh crore. However, the GST collection for the month of May has been less than the record of Rs 1.41 lakh crore in April, 2021. By the way, the GST collection in May, 2021 is 65 percent more than the same month last year. In May, 2020, the GST collection stood at Rs 62,009 crore. Last year, economic activities were affected due to the lockdown at the national level due to the…
Meerut – Online Ludo has gained popularity among the online gamers, especially those looking to play competitive skill-based games. The online game is similar to the board game, with the key difference being the preponderance of skill, application of mind, and strategy in winning. In Ludo Supreme, one of the most popular skill-based Ludo games available, for example, the player’s decision-making, strategy, and understanding of the game determines the outcome of the game. To win a game of Ludo Supreme, the player has to utilise the randomly generated dice number efficiently, giving equal attention to all the four tokens. Which…
Jaipur: Doorstep diesel delivery is a new revolution in the field of energy distribution in Rajasthan which is easing the lives of the end-consumers without the hassles of diesel procurement. Four fuel entrepreneurs are bringing change in the fuel industry in Rajasthan with this door-to-door delivery model which includes Bikaner-based Hiralal Bhattar Petroleum. It has started the facility of doorstep diesel delivery through their mobile petrol pumps. This new fuel startup is run by Surendra Bhatter, who owns a Bharat Petroleum Corporation Limited (BPCL) retail outlet. “While having discussion with BPCL officials, they gave me the information so I thought…
New Delhi: Finance Minister Nirmala Sitharaman will hold a meeting with heads of public and private sector insurers on Saturday for faster settlement of claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) during the pandemic. Discussions are also likely to be held on simplifying the procedures and documentations needed to settle claims under the schemes in a seamless and time-bound manner, the finance ministry said in a series of tweets. As on May 5, total cumulative enrolment stood at 23.37 crore under PMSBY and 10.33 crore under PMJJBY. Since 2014, the…
Mumbai: The RBI had first come out with a circular on the issue in 2018, cautioning people about investing in cryptocurrencies, which do not have any sovereign character.It had barred entities regulated by it from dealing in such instruments. RBI Governor Shaktikanta Das on Friday made it clear that the central bank’s view on cryptocurrencies like Bitcoin remains unchanged and it continues to have ”major concerns” on the volatile instruments. ”There is no change in RBI’s position (on cryptocurrencies). Our circular clarifies the position very well,” Das told reporters in the customary post-policy press conference when asked if there has…
New Delhi: Whether payment of salary, pension, interest and dividend or any other payment made on a large scale through the National Automated Clearing House (NACH), all these work will soon be done seven days a week. The Reserve Bank of India has said that the facility of payment through NACH is going to start from August 1, 7 days a week. RBI Governor Shaktikanta Das made this announcement while giving information about the bi-monthly monetary policy review. NACH is a bulk payment system, which is operated by NPCI i.e. National Payments Corporation of India. Payment of salary, pension, interest…
Mumbai: After the policy statement of the Reserve Bank, the domestic stock markets came under pressure today and the Sensex and Nifty closed in the red mark, losing early gains. The 30-share sensitive index Sensex of BSE closed at 52,100.05, down 132.38 points, or 0.25 percent. The Nifty of the National Stock Exchange also fell 20.10 points, or 0.13 per cent, to 15,670.25. On Thursday, both the indices closed at historic record levels. In the morning, the Sensex had gained about 257 points and the Nifty had gained about 43 points. But by the end of RBI Governor Shaktikanta Das’s…