Author: Finance Khabar
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…
The central government will sell its stake in National Fertilizers Limited (NFL) and Rashtriya Chemicals and Fertilizers (RCF) to meet the disinvestment targets for FY 2021-22. While the central government will sell its 20% stake in NFL, the government plans to sell 10% stake in RCF. The government will sell its stake in these two companies through the offer for sale in this fiscal year itself. The Department of Investment and Public Asset Management (DIPAM) has sought bids from interested merchant bankers by May 5 to manage this proposed share sale. Let us tell you that the government has 74.71%…
Bangalore: Hiver’s automations have streamlined email workflow for Kiwi’s business development team, improving their overall efficiency, and saving them 167 hours every month Bangalore, Karnataka, India Kiwi.com, one of the five biggest online sellers of flight tickets in Europe, deployed Hiver – a Gmail-based customer service solution, and significantly improved the efficiency of business development team. With Hiver, the team achieves a 100% SLA success rate. At Kiwi.com, email serves as an important communication channel, especially for the business development team. The team works with numerous partners (airlines and travel agencies) to consolidate information on ticket availability and prices for…
The country’s leading software services company Infosys has announced a final dividend ie dividend at the rate of fifteen rupees per share to its shareholders. This declaration will be implemented only after the approval of the shareholders. The record date for the dividend has been kept on 1 June 2021, while the dividend will be paid on 25 June 2021. Along with this, the company has also announced a big plan for share buyback today. The company has decided to buy back its shares at a premium of 25 per cent. Compared to the current market price of Rs 1398,…
Mumbai: The BSE Sensex on Tuesday jumped 660.69 pts to close at 48,544.06 following gains in Auto, Bankex, Finance and Realty stocks amid strong global peers. The Nifty too moved up by 194 pts to 14,504.80. Tumbling down by over 1700 pts on Monday, the Sensex opened on a positive note at 47,991.53, rising 108 pts. During the day it surged 744 pts to 48,627.43, days high before closing at 48,544.06, up 660.68 pts from its previous close. The Sensex registered days high and low at 48,627.43 and 47,775.42 pts respectively. The Nifty recorded days high and low at14,528.90 and…
San Francisco: The tech giant has launched an early user feedback programme aimed at exploring how patients might want to see, organise, and share their own medical record data, the report mentioned. Google is hiring people who use Android devices to give feedback for a new medical records tool for patients. According to Stat News, Google is back after 13 years for such a tool for digitally documenting patient health records. “The tech giant has launched an early user feedback programme aimed at exploring how patients might want to see, organise, and share their own medical record data,” the report…
The government on Tuesday reduced the annual marking fees for micro industry, startups and women entrepreneurs to get a new BIS license by 50 per cent. He also said that the services of BIS are now available free to all people and can be downloaded from the standardization port of e-BIS. The Bureau of Indian Standards (BIS), a government quality standards-setting body, issues licenses with a standard mark to identify the entity that has manufactured the product at a specific location. Food and Consumer Affairs Minister Piyush Goyal tweeted that the government has given 50 percent discount on new BIS…
New Delhi: India’s industrial production (IIP) declined by 3.6 percent in the month of February. This information has been received from the official data released on Monday. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), the manufacturing sector’s output fell 3.7 percent in February 2021. Mining output declined by 5.5 per cent, while energy production grew by 0.1 per cent in February. In February 2020, there was a 5.2 per cent increase in IIP. During April-February, the IIP fell by 11.3 per cent. There was an increase of one per cent in…
Mumbai: The domestic stock market has witnessed heavy selling today amid fears of lockdown due to Corona virus. On April 12, both the Sensex and Nifty indices fell sharply. The Nifty has again come down to 14400. At the same time, the Sensex has broken about 1700 points. Currently, the Sensex has a weakness of 1708 points at the end of trading and has closed at the level of 47,883. At the same time, the Nifty has also closed at 14311 level, weakening by about 524 points. Let us know that the graph of those infected with Corona virus and…
According to a study by IIT Bombay, in five years of 2015-20, SBI has taken service charges of about Rs 300 crore from zero balance accounts. Of this, a service charge of 72 crore was collected in 2018-19 and a service charge of Rs 158 crore in 2019-20. SBI also levied service charges for online transactions exceeding four in a month. According to a study by IIT Bombay, there has been a systematic violation of RBI regulations on BSBDA by some banks. The highest number of accounts of this type are SBI and SBI has also done a systematic breach…
New Delhi: The growing cases of corona cases are now having an impact on the Indian economy as well. So far this month, Foreign Portfolio Investors (FPIs) have withdrawn Rs 929 crore from the Indian market. In the last quarter of January-March 2021 of the last financial year 2020-21, the trend of foreign investors was in sharp contrast and they had invested in the Indian market. Earlier, FPIs had invested Rs 14,649 crore in January, Rs 23,663 crore in February and Rs 17304 crore in March. Thus, after the initial three months of investment in the current year 2020, due…
New Delhi: Corona cases are increasing rapidly across the country. Due to this, many states have imposed many restrictions on travel and trade. According to the Confederation of All India Traders (CAIT), the largest organization of the country’s business community, the retail market has suffered a loss of 30 per cent due to these restriction. Such measures such as night curfew, partial lockdown etc. imposed by the states to stop the corona infection have caused such a huge loss within just a week. According to CAT, lockdown and night curfew has created an atmosphere of fear in the minds of…
Insurance aggregator platform Policy Bazaar has got 5 new investors. Among the companies that have bought stakes in Policybazaar, Serum Institute of India, the country’s largest manufacturer of vaccines, is also involved. Prior to Policybazaar’s IPO, private equity fund manager True North Fund, one of its biggest investors, has reduced its stake in the company. True North had also sold some of its stake in the company in October 2020. However, the company has not yet disclosed how much share of True North has reduced in the policy market. Apart from the Serum Institute, investors in the policy market who…
Mumbai: In the previous week ended March 26, the reserves had decreased by USD 2.986 billion to USD 579.285 billion. The forex kitty had touched a record high of USD 590.185 billion in the week ended January 29, 2021. In the reporting week ended April 2, 2021, the decline in the reserves was mainly on account of a fall in foreign currency assets (FCA), a major component of the overall reserves. FCA declined by USD 1.515 billion to USD 536.438 billion, weekly data by the Reserve Bank of India (RBI) showed. Expressed in dollar terms, the foreign currency assets include…
Mumbai: The government on Friday started off the first G-Sec auction of this fiscal by raising Rs 32,853 crore, the highest weekly market borrowing since May 2020, at a rate lower than the last auction in 2020-21, Care Ratings said. The amount of Rs 32,853 crore — higher than the notified quantum of Rs 32,000 crore — has been raised at a rate of 6.14 per cent, indicating that the central bank’s liquidity and yield control moves are paying off. In the first G-Sec (government securities) auction of the new fiscal, the government has raised Rs 32,853 crore, the highest…
Mumbai: Equity benchmark Sensex dropped 155 points on Friday, tracking losses in index heavyweights ICICI Bank, Reliance Industries and HDFC Bank amid largely negative cues from global markets. The 30-share BSE index ended 154.89 points or 0.31 per cent lower at 49,591.32. Similarly, the broader NSE Nifty slipped 38.95 points or 0.26 per cent to 14,834.85. Bajaj Finance was the top loser in the Sensex pack, shedding around 3 per cent, followed by UltraTech Cement, NTPC, Axis Bank, ICICI Bank, IndusInd Bank, Reliance Industries, L&T and HDFC Bank. On the other hand, Sun Pharma, HUL, Tech Mahindra and Dr Reddy’s…