Author: Finance Khabar

Mumbai: The BSE Sensex on Friday dropped 202.22 points to settle at 47,878.45 on weak global cues. The Nifty too fell by 64.80 points to 14,341.35. Surging 374 points on Thursday, the BSE sensex opened on a weak note at 47,863.81, fell 217 points. During the day it plummeted 411 points to 47,669.55, day’s low before closing at 47,878.45, down 202.22 points from its previous close. While, it rose to 48,265.39, up 185 points, day’s high. The Sensex registered day’s high and low at 48,265.39 and 47,669.55 points respectively. The Nifty recorded day’s high and low at 14,461.15 and 14,273.30…

New Delhi: Twitter on Thursday announced to appoint Yu Sasamoto as Vice President for Japan, South Korea and Asia Pacific (JAPAC) region from May 1. Yu will succeed Maya Hari, who has been promoted to a global role as Twitter’s Vice President of Global Strategy and Operations (GSO). “I’m looking forward to bringing more people, communities, brands and partners to Twitter as we build on the incredible business momentum from Maya’s leadership across the region,” said Yu Sasamoto, VP of Japan and Asia Pacific, Twitter. Yu has led Twitter Japan and South Korea for the past seven years and will…

Mumbai: Automobile manufacturer MG Motor India has tied up with Devnandan Gases to increase the production of medical oxygen. MG Motor India will focus on assisting the overall oxygen gas production. In specific, the company will address specific areas of the manufacturing process such as infrastructure expansion and the elimination of major losses with lean principles. This will help in increasing the production capacity by 25 per cent in the next two weeks with the vision of increasing it further to 50 per cent in the near future. Founded in 2011, Devnandan Gases is one of the key medical oxygen…

London: British Airways owner International Airlines Group committed to powering 10% of its flights with sustainable aviation fuel by 2030, seeking to make progress towards its long-term goal of achieving net-zero carbon emissions by 2050. The group’s pledge comes on the same day as a U.S.-led climate change summit hosted by U.S. President Joe Biden, aimed at securing commitments from governments on cutting carbon emissions. IAG said on Thursday that it plans to purchase one million tonnes of sustainable jet fuel each year by 2030, which will be the equivalent of removing one million cars from Europe’s roads each year.…

New Delhi: Ola on Thursday unveiled the ‘Hypercharger Network’, a charging network for its upcoming two-wheeler products starting with the Ola Scooter to be launched in India in the coming months. According to the company, the charging network will be the widest and densest electric two-wheeler charging network in the world, with more than 100,000 charging points across 400 cities. In the first year alone, the company is setting up over 5,000 charging points across 100 cities in India, the company said in a statement. The company said that it will also be the fastest two-wheeler charging network. With this…

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…