Author: Finance Khabar

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…

On Thursday, the day of weekly expiry, Sensex and Nifty 50 have closed with a record high. During trading today, the Sensex opened at 52,121.58 points and reached 52,273.23 points. At the close of trading in the Sensex, it closed at 52,232.43 points with a gain of 382.95 points. Today 22 stocks were buying on the Sensex and they closed with gains while the remaining 8 stocks closed with a fall. Titan was the biggest buy on the Sensex and reached a record price so far. The market also got support from the banking sector and except IndusInd Bank, there…

Mumbai: Crude oil prices surged on Wednesday with the Brent crude trading above the $71 per barrel after OPEC projected demand improvement and tightening of the market. West Texas Intermediate (WTI) crude also continued its onward march after reaching its highest level since October 2018. In a statement, after the meeting OPEC+ meeting, the cartel in a statement said: “The meeting noted the ongoing strengthening of market fundamentals, with oil demand showing clear signs of improvement and OECD stocks falling as the economic recovery continued in most parts of the world as vaccination programmes accelerated.” Currently, the July contract of…

New Delhi: India’s merchandise exports in May 2021 rose to $32.21 billion, higher by 67.39 per cent over $19.24 billion in May 2020, the preliminary official data showed on Wednesday. Besides, exports last month recorded a 7.93 per cent growth over $29.85 billion in May 2019. The country’s merchandise exports in April 2021 had risen to $30.63 billion. Similarly, India’s merchandise imports in May 2021 were $38.53 billion, with an increase of 68.54 per cent over $22.86 billion in May 2020. However, imports declined by 17.47 per cent over $46.68 billion in April 2019. Consequently, trade deficit in May 2021…

New Delhi: The stock dipped 0.55 per cent to close at Rs 1,379.75 on the BSE. During the day, it went lower by 1.81 per cent to Rs 1,362.20. On the NSE, it declined 0.45 per cent to close at Rs 1,381. In traded volume terms, 19.07 lakh shares were traded at the BSE and over 92.72 lakh units at the NSE during the day. Sebi has barred eight entities, including two employees of Infosys, from the securities market for indulging in insider trading activities in the shares of the IT major. In a statement on Tuesday, Infosys said it…

In May this year, the country’s trade deficit increased by 74.69 percent to $ 6.32 billion as compared to May 2020. The trade deficit in May last year was $3.62 billion. The ministry has said that there has been a decline of 62.49 percent in comparison to May 2019, when it was $ 16.84 billion. According to the data released by the government, India’s exports increased by 67.39 percent to $ 32.21 million in May. According to preliminary data from the commerce ministry, in May last year, exports stood at $ 19.24 billion and in May 2019 it was $…

The Sensex and Nifty today started trading on June 2 with a fall. Sensex reached 51,913.92 after opening at 51,749.10 at the beginning of trading. But by the end of trading, 85.40 points fell and closed at 51,849.48. 12 stocks of the Sensex closed with gains while the remaining 18 declined. IndusInd Bank was the top gainer among all the Sensex stocks. But apart from IndusInd Bank and SBI, other banking stocks saw a decline. There was a mixed trend in the auto sector as well. On the other hand, Nifty 50 closed with a slight increase at the end…

New Delhi: Automobile major Maruti Suzuki India on Tuesday reported total sales of 46,555 units in May 2021. According to the company, total sales in the month include domestic sales of 33,771 units, sales to other OEMs 1,522 units and exports of 11,262 units. The company had sold 159,691 vehicles during April 2021 and 18,539 units in 2019. “In May 2021, the Company shut production from 1 to 16 so as to divert oxygen from industrial use for medical purposes,” the company said in a statement. “In May 2020, the company witnessed production disruption owing to lockdowns. Since neither of…

New Delhi: Tata Motors on Tuesday said its total domestic sales declined by 38 percent to 24,552 units in May as compared to 39,530 vehicles in April this year. The company had sold 4,418 units in May last year. The auto major said its passenger vehicle sales in the domestic market stood at 15,181 units in May, down 40 percent from 25,095 units in April this year. Commercial vehicle sales in the domestic market stood at 9,371 units, down 35 percent from 14,435 units in April, it added.

Mumbai: In view of restrictions imposed in various parts of the country, HDFC Bank on Tuesday announced the availability of mobile ATMs in 50 cities across India to assist customers during the lockdown. In restricted areas, the Mobile ATMs will eliminate the need for general public to move out of their locality to withdraw cash. These mobile ATMs are currently active in vatious cities including Chennai, Mumbai, Delhi/Gurugram, Dehradun, Cuttack, Ludhiana, Lucknow, Bhubaneshwar, Chandigarh, Thiruvananthapuram, Noida, Bengaluru, Mysuru, Jaipur, Panipat, Ambala, Jammu, Nashik, Rewari, Patna among others. From the first week of June, the mobile ATMs will be made available…