Author: Finance Khabar

Mumbai: Out of fear of Corona virus, the stock market has made a good recovery today. In early trading, even after better global signals, the stock market saw a sell-off, but later recovery came. The Nifty closed back beyond 14400, while the SENSEX also closed 375 points stronger. Currently, the Sensex has fallen by 375 points at the end of trading and has closed at the level of 48081. At the same time, the Nifty also closed 110 points strong at the level of 14406. Let us know that the corona virus cases are steadily increasing in the country. More…

New Delhi: To scale up production of its Covishield vaccine, the Serum Institute of India (SII) had borrowed money from banks instead of waiting for the government’s aid to arrive. The company assumed that the funding from the government will reach them very soon, probably by this week. Covishield has been developed by the Oxford University and AstraZeneca, and manufactured by the Pune-based SII. To boost India’s vaccine production in wake of the huge surge in Covid-19 caseload, the government on Monday announced that it has given in-principle approval for credit to vaccine manufacturers, SII and Hyderabad-based Bharat Biotech. The…

Both Dilsher Singh Malhi, Founder and CEO, aged 24 and Siddhant Saurabh, CTO and Co-founder, aged 25, Zupee, feature in this year’s Forbes Asia 30 Under 30 list Bikaner: Dilsher Singh Malhi, Founder & CEO, Zupee, a leading skill-based online gaming start-up, has been featured amongst young tech entrepreneurs in the coveted Forbes Asia’s “30 Under 30”, 2021 list, in the Consumer Technology category. Dilsher, who hails from Bikaner, Rajasthan, founded Zupee in 2018 with the aim to engage, empower and entertain through tech-led innovations in gaming and gamification. Now in its fourth year running, Zupee has been steadily growing…

New Delhi: Looking to ramp up supplies ahead of the opening of Covid-19 vaccination to all citizens over 18 years of age, the government has approved a payment of about Rs 4,500 crore as advance to vaccine makers like Serum Institute of India (SII) and Bharat Biotech against future supplies, sources said. SII will supply 200 million doses and Bharat Biotech is to supply another 90 million doses to the government by July at a pre-agreed rate of Rs 150 per dose. Sources said the finance ministry has relaxed rules to allow advance payment without bank guarantee to help the…

Mumbai: The oxygen supply including transportation in special tankers at minus 183 degrees Celsius is being made free of cost to the beneficiary states/UTs as part of the RIL’s CSR initiatives. Reliance Industries Ltd (RIL) has tweaked its manufacturing process at the Jamnagar Refinery to produce and distribute around 700 metric tonnes of medical grade oxygen everyday to three states and a Union Territory, official sources said here on Tuesday. The 700 tonnes of oxygen is being ferried daily since the past two days to Gujarat, Maharashtra, Madhya Pradesh and Union Territory of Daman & Diu and Dadra & Nagar…

Mumbai: The BSE Sensex on Tuesday lost another 243.62 pts to close at 47,705.80 as selling was seen in IT, Technology, Finance, Materials and FMCG stocks. The Nifty too fell by 63.05 pts to 14,296.40. High volatility was witnessed during the day. Sliding over 800 pts on Monday, the sensex opened higher by 524 pts to 48,473.04. It surged 529 pts to 48,478.34 days high. Later, it was tanked nearly 511 pts to 47,438.50, days low, before closing at 47,705.80, still down by 243.62 pts from its previous close. The sensex registered days high and low at 48,478.34 and 47,438.50…

Mumbai: Sensex and Nifty started with a decline on the first day of this business week. BSE Sensex and Nifty 50 both closed at the end of trading on Monday 19 April. The BSE Sensex lost 882.61 points to close at 47949.42. Today, it had crossed the 48 thousand level once in a day’s business, but the momentum was not sustained and closed with a fall. In the day’s trading, only two stocks out of 30 stocks of BSI, Dr. Reddy’s and Infosys closed with a gain. Due to the increasing uncertainty due to Corona and the restrictions imposed by…

New Delhi: The market capitalization (market cap) of seven of the top 10 companies of the Sensex decreased by Rs 1,41,628.37 crore collectively last week. Companies in the information technology (IT) sector were the biggest losers. The market capitalization of Tata Consultancy Services (TCS) declined by Rs 47,680.78 crore to Rs 11,81,218.07 crore during the week. Similarly, the market valuation of Infosys declined by Rs 37,579.03 crore to Rs 5,76,275.68 crore. Mukesh Ambani-led Reliance Industries, the country’s most valuable company, lost Rs 30,841.38 crore in market valuation and came down to Rs 12,26,048.07 crore. The market valuation of State Bank…

New Delhi: Earlier, the zero-fee was applicable only for changes done at least seven days prior to the journey, the airline’s press release said. SpiceJet on Saturday said passengers will not be charged any fees for changing date or time in their tickets at least five days prior to the departure date. Earlier, the zero-fee was applicable only for changes done at least seven days prior to the journey, the airline’s press release said. “Under the new offering, passengers booking direct domestic flight tickets from April 17 to May 10 can enjoy a one-time waiver on the change fee for…

New Delhi: In a statement, the airline said that guests can now make unlimited changes for all bookings and changes made till May 15, irrespective of the travel dates, without incurring any flight change fees. AirAsia India has announced free rescheduling on all flights for bookings till May 15, 2021. In a statement, the airline said that guests can now make unlimited changes for all bookings and changes made till May 15, irrespective of the travel dates, without incurring any flight change fees. “To ensure that its customers continue to have the greatest flexibility if their travel plans change with…

New Delhi: In line with the Reserve Bank of India’s (RBI) guidelines, Airtel Payments Bank on Sunday announced that it has become the first payments bank in the country to enable Rs 2 lakh day-end balance account limit. The bank has increased the day-end balance limit to Rs 2 lakh from Rs 1 lakh. “The RBI’s decision to increase the balance limit is an endorsement of the role Payments Banks have in furthering financial and digital inclusion in India. We are glad to enable this increased day-end balance limit for our customers,” Anubrata Biswas, MD and CEO, Airtel Payments Bank,…

MUMBAI: Domestic stock markets witnessed a decline for the second week in a row due to uncontrolled situation due to the second wave of Covid-19 pandemic and partial or weekly lockdown in many states and the trend is likely to continue in the coming week as well. The transition of Covid-19 in the country is spreading much faster than the first wave. More than two lakh new cases have started coming up every day. No nationwide ban has been announced by the central government yet, but many states have imposed restrictions on their behalf. Due to this economic activity is…

Mumbai: The 30-share BSE Sensex ended 28.35 points or 0.06 per cent higher at 48,832.03. Similarly, the broader NSE Nifty rose 36.40 points or 0.25 per cent to 14,617.85. Asian Paints was the top gainer in the Sensex pack, rising over 2 per cent, followed by UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestle India. On the other hand, ICICI Bank, Bajaj Finance, L&T, TCS, Infosys and Reliance Industries were among the laggards. A continued surge in second wave of Covid-19 cases in the country, which already crossed 2 lakh daily cases, has certainly posed a risk to sustainability…

During the first quarter of 2021, China’s GDP has increased to 24.93 trillion yuan, or about 3.83 trillion dollars. This is about 18.3 percent higher than the first quarter of 2020, which is the largest growth rate recorded during any quarter in the history of China. However, the low base of the first quarter of last year has a big hand in this figure of 18.3 percent increase. The quarterly figure of China’s GDP growth is so high because during the first quarter of 2020, China’s economy saw a drop of 6.8 percent due to the Corona epidemic. Compared to…

New Delhi NCR: Wave City, one of India’s largest smart cities located in Ghaziabad, launched yet another exciting project called ‘Veridia’ in the luxury real-estate segment. Located at Oakwood Enclave, spread across 24.47 acres of area with a unique configuration of Stilt+6 floors of 4bhk and 5bhk skyvillas, and are equipped with high-end amenities like home automation and sun-lit floors with optimal ventilation that meets green building requirements. The project is based on modern contemporary architectural trends and sustainable development for the new age aspirational Indian and is situated at an enviable location of just a half-hour drive from Delhi’s…

Walmart-owned company Flipkart has bought 100 per cent stake in travel and hotel booking platform Cleartrip. Flipkart has informed about this on 15 April. According to the deal, Cleartrip’s operations have been acquired by Flipkart, but Cleartrip will continue to operate as a separate brand. All its employees will continue to have jobs. It is believed that this deal will help Flipkart to strengthen its digital business. At the same time, the company will also have a strong hold in the hospitality sector. Let me tell you that this deal has happened at a time when the condition of the…

IT company Wipro on Thursday said that the consolidated net profit of the company stood at Rs 2,972 crore in the fourth quarter ending March 31, 2021, with a jump of 27.7 per cent. Wipro had a net profit of Rs 2,326.1 crore in the same period a year ago, due to which the equity holders of the company were. The IT company’s revenue grew by 3.4 per cent to Rs 16,245.4 crore during the quarter under review. It was Rs 15,711 crore in the same period of 2019-20. In the year ended 31 March 2021, the consolidated net profit…

Mumbai: In the domestic stock market today, shopping has been seen in the country amid increasing cases of corona virus. In trade, both the Sensex and Nifty closed in the index strong. When the Nifty closed above 14550, the Sensex also crossed the 48800 level. Currently, the Sensex has gained about 260 points at the end of trading and closed at the 48804 level. At the same time, the Nifty has also closed at the level of 14581 with a gain of 77 points. In today’s business, shopping in banks, financial, pharma and metal stocks has been seen. While there…

Strengthens its nutrition portfolio; Launches Chyawanprash by Nutrilite Chyawanprash by Nutrilite is made with 16 CERTIFIED ORGANIC ingredients authenticated with DNA fingerprinted herbs and with no preservativesMarks its entry into INR 1000 crore Chyawanprash market; aims to capture 20% market share of the premium Chyawanprash segment in the first year of the launch Hissar: Amway India, one of the country’s leading FMCG direct selling companies today announced the launch of Chyawanprash by Nutrilite, under its flagship brand Nutrilite. Chyawanprash by Nutrilite is a concentrated blend of nutrient-rich 32 herbs authenticated by DNA fingerprinting made with 16 certified organic ingredients, and…

New Delhi: Wholesale inflation has given a big blow today. The country’s wholesale price index (WPI) has risen to 7.39 per cent in the month of March. This is the highest level of wholesale inflation in the last 8 years. The wholesale price index stood at 4.17 per cent in February 2021. But according to government data released today, due to the rise in fuel and electricity prices, a huge increase in wholesale inflation has been recorded in March. Along with this, the price rise of manufactured products is also responsible for this hit of inflation. Inflation in the fuel…