Author: Finance Khabar
Mumbai: The stock market has also been stung by the increasing cases of corona virus. On April 5, there has been a huge sell-off in the domestic stock market. Corona virus has spoiled the market’s sentiment. Talking about India, for the first time in 1 day, more than 1 lakh cases have been reported in the country. The Sensex lost 1400 points in intraday trading. At the same time, the Nifty has also slipped below the 14500 level in intraday. Bank and financial stocks have been selling heavily. Although IT shares have tried to give some support. At the end…
In the growing cases of Corona virus, work in factories is getting affected. In March, the manufacturing PMI (Purchase Manager Index) was at a 7-month low. In March it has been 55.4, while in February the PMI was 57.5. According to IHS market data, factory production in March has come down to the lowest level in 7 months. That is, the effect of imposing restrictions at different places across the country is clearly visible in the factory output. Let us know that the second wave of Corona virus is becoming dangerous in the country. This can be gauged from the…
WazirX, one of India’s largest bitcoin and cryptocurrency exchanges, has crashed. On investor concerns, the founder and CEO of WazirX tweeted several tweets saying that the servers had crashed and it would take some time to fix them. Shetty tweeted that he has touched the internal limit set by one of his infrastructure providers. He is working with her to raise her as much as possible. Please wait till this is resolved. When WazirX started trending on Twitter with a flood of mimes with panicked investors, Shetty wrote that when one part of the system goes bad, all services are…
Mumbai: Metal stocks turned out to give the best returns in the pandemic-struck FY 2020-21. Analysts now feel the bull run is likely to continue with a pricing uptrend in the segment and increasing demand in the segment. The metals and mining sector also saw a sharp increase in commodity prices and steel was one of the best-performing commodities in the just-ended FY21. The S&P BSE Metal index has surged 176 per cent in the past one year. Stock price of some of the major metal stocks Tata steel, JSW Steel and Hindalco Industries surged 240 per cent, 263 per…
New Delhi: Even as the country pushes for its expansion of the renewable energy projects, coal is set to remain as the predominant fuel in India’s energy mix in foreseeable future. As per the 19th Electric Power Survey, out of the all India power generation installed capacity of 6,19,066 MW by the end of 2026-27, coal based projects would have a high 40 per cent share at around 2,38,150 MW. However, this level of environmentally polluting coal-based capacity is a big fall from current levels where coal plants accounts for more than 50 per cent of installed capacity of roughly…
MUMBAI: The domestic stock market recorded an upward trajectory last week amid rising concerns over the week-end rise in key indicators of the Schwick level and the rise in new cases of Corona. Due to this, however, the stock market had seen a huge decline during the last two weeks. The 30-share Sensex index of the BSE surged 1021 points to 505029.83, crossing the fifty thousand mark and the National Stock Exchange (NSE) Nifty also gained 360 points to close at 14,867 points during the previous week. happen. The BSE Midcap index gained 546 points to reach 20,516.40 points, up…
Islamabad: The prime minister after consultations on Friday instructed the Ministry of Commerce and his economic team to immediately take steps to facilitate the relevant sectors, value-added, apparel and sugar, by finding alternative cheap sources of import of the needed commodities, agencies reported. Prime Minister Imran Khan decided that Pakistan cannot go ahead with any trade with India under the current circumstances after holding consultations with key members of his Cabinet on importing cotton and sugar from the neighbouring country, a media report said on Saturday. The prime minister after consultations on Friday instructed the Ministry of Commerce and his…
New Delhi: Mortgage lender HDFC Ltd on Saturday said the company’s individual loan business continued to exhibit improvement in the January-March quarter 2021 and loans worth Rs 7,503 crore were assigned to its banking subsidiary. “The individual loan business continued to see strong improvements during the quarter ended Match 31, 2021. “During the quarter, pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank, the Corporation assigned loans to the bank amounting to Rs 7,503 crore,” HDFC said in a regulatory filing. In the year ago same quarter ended March 2020, such loan…
New Delhi: The government has allowed further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme of GST. These tax filers will now be permitted to declare invoices pertaining to movement of goods and services in their quarterly return form GSTR 1 to be filed in the last month of each quarter. As per an advisory issued by the Goods and Services Tax Network (GSTN), the taxpayer must ensure that any saved but not Filed/Submitted IFF (Invoice Furnishing Facility) records for the first two months of the quarter i.e. month of Jan-2021…
Mumbai: To broaden its services for the start-up sector, the lender Yes Bank has tied-up with GVFL Limited. Accordingly, the two companies have entered into a Memorandum of Understanding (MoU) to strengthen Fintech-led innovation and support the growth of the Indian startup ecosystem. “The MoU will enable the bank to offer various products, digital banking solutions, and many other facilities that will benefit the startups associated with GVFL Limited,” said Yes Bank in a statement. “The bank will offer its curated digital transaction banking product suite, including its flagship API-based offerings to the startups and FinTech companies.” Furthermore, the MoU…
India’s foreign exchange reserve fell by $ 298.6 million in the week ending on March 26. After this decline, the country’s foreign exchange reserve has been reduced to $ 57.92 thousand crore. The central bank RBI presented the data related to it today on Friday 2 April. In the week ending on March 19, it increased by 233 million dollars and it reached the level of 58.23 thousand million dollars. In the week ending 29 January 2021 this year, the Foreign Exchange Reserve was at a record level of 59.02 thousand million dollars. Foreign exchange assets declined due to the…
Samsung has offered another new smartphone with its Galaxy A series, consolidating its position in the mid-tier premium range in India. The 6.7-inch Galaxy A72 features a 64 MP quad camera with OIS (optical image stabilization), 30 times the space zoom, IP67 rating for water and dust resistance, more powerful battery and new design. Due to OIS, during the capture of a photo or video, the problem of sudden blur or moving of the picture will be relieved. The price of Galaxy A72 has been kept at Rs 34,999 for 8 GB plus 128 GB variants, while Rs 37,999 has…
Airline chief IndiGo on Friday said it has partnered with on-demand platform CarterPorter to provide door-to-door baggage delivery (delivery to home) service. This is good news for passengers traveling by plane. Under the door-to-door baggage transfer service, IndiGo will pick up the passengers’ luggage from home and transport it to the final destination. The airline has commenced service in New Delhi and Hyderabad from 1 April and will later be operational from Mumbai and Bangalore airports as well. The airline said the facility would enable passengers to travel worry-free, as it would provide the facility to move their luggage from…
The GST collection reached a record high of Rs 1.23 lakh crore in March. The Finance Ministry gave this information in a statement. The Finance Ministry said on Thursday that the total GST revenue collection in the month of March 2021 has been Rs 1,23,902 crore. It has Central GST (CGST) of Rs 22,973 crore, States GST (SGST) of Rs 29,329 crore, Integrated GST (IGST) of Rs 62,842 crore and Cess of Rs 8,757 crore (which includes Rs 935 crore on import of goods). The government said in a statement that it has made a settlement of Rs 21,879 crore…
The overall server market in India has registered a year-on-year decline of 11.2 percent in terms of revenue, to $ 26.21 million in the fourth quarter of 2020, along with a decrease in demand at the time of the epidemic. A recent IDC report presented the figures on Thursday. In terms of revenue, the contribution of the X86 server market increased to 92.9 percent, a 4.8 percent increase from the same quarter last year. Dell Technologies emerged as the top vendor in terms of revenue share in India’s X86 server market with revenue of $ 7.31 million.
Maruti Suzuki, the country’s largest automobile major, reported a jump in sales in March 2021. The company registered a 99.31 percent increase in its total sales on Thursday on a year-on-year basis during March 2021. The company sold 167,014 vehicles in the previous month, while 83,792 units were sold in March 2020. The company sold 164,469 vehicles in February 2021. The company said in a statement, “Maruti Suzuki India Limited sold a total of 167,014 units in March 2021, with domestic sales of 149,518 units (passenger vehicles and light commercial vehicles), 5,899 units with other OEMs and 11,597 units. Export…
The domestic stock market has witnessed a good boom amid positive global cues. The Nifty has gone beyond 14850 in business. While the Sensex also managed to close beyond 50 thousand. There is a rise in the 10-year bond yield in the US, but the government has revealed an infra plan of 2 trillion dollars. After which the sentiments have improved. Currently, the Sensex has gained about 521 points at the end of trading and has closed at the level of 50,029.83. At the same time, the Nifty has also gained 177 points and closed at 14867 level beyond 14850.…
New Delhi: A big cut in small savings schemes will deliver a blow to savers who depend on these schemes for income and social security.Conversely, this will reduce interest rates, bring down the cost of capital and spur capex and stock markets. The government revised the interest rates on small savings with effect from April 1 with a massive cut on Wednesday. The interest on savings deposit will be cut from 4 per cent to 3.5 per cent annually, while Public Provident Fund (PPF) is down from 7.1 per cent to 6.4 per cent. Similarly, 1 year time deposit has…
Samsung has launched Samsung Galaxy S20 FE 5G in India on Wednesday. Both 4G and 5G variants of Samsung Galaxy S20 FE were introduced in September last year, while only 4G variants were introduced in the Indian market in October. Talking about the main features of the 5G variant of the phone, it has a Qualcomm Snapdragon 865 SoC processor. The Samsung Galaxy S20 FE 5G is priced at Rs 55,999 for its only 8GB RAM and 128GB storage variants. But the phone can be purchased initially in India for a special offer for Rs 47,999. It includes an instant…
The premium for term insurance plans is expected to increase by 10 to 15 percent soon. While some insurers have increased the premium in recent months, some others are expected to do so by April 2021. Indranil Chatterjee, Co-Founder and Principal Officer, RenewBuy, said that most insurance companies post term insurance after April 1 due to increased demand after Kovid-19 for term insurance plans for consumers and increased risk assessment by insurers. The premiums of the plans are going to increase. Therefore, those who are thinking of buying a term insurance plan before the increase in premium, can choose the…