Author: Finance Khabar

First in the sector, this association strengthens the Mobile Apps position as India’s largest network of technology enabled 24/7 e-garage serviceAUTO i CARE app aided essential services like Ambulances, Doctors, Police during Pandemic Lucknow: “Gaadi Bandh, No Fikar!’ is the new campaign featuring veteran actor Sayaji Shinde to help address car breakdowns, finding a car mechanic in 20mins and assist stranded vehicles anywhere, anytime through the mobile app AUTO i CARE, a leading player in providing 24×7 emergency roadside assistance. You would agree that having a vehicle breakdown has its physical and mental trauma on the owner, with Sayaji Shinde…

The Reserve Bank of India (RBI) has banned the acquisition of new credit card business at HDFC Bank due to technical glitches and outages in the last 2 years, despite these restrictions, the bank’s business growth has been impressive. HDFC Bank said that in the March quarter, the bank recorded a 14% growth in advances, while the bank’s deposits grew by 16.3%. By the end of March 2021, HDFC Bank’s advance has reached 11.32 lakh crore as compared to 9.94 lakh crore in the year-ago period. While retail loan growth was 7.5% year-on-year and domestic wholesale loan growth was 21%.…

MUMBAI: With the increase in most of the key indices globally, the Sensex and Nifty of the stock market recorded a marginal increase at the domestic level, whereas the stock market had fallen strongly on the previous trading day. The 30-share sensitive index Sensex of the BSE gained 42 points to end at 49,201.39 points and the National Stock Exchange (NSE) Nifty gained 46 points to reach 14,683.50 points. During this period, the midcap of BSE gained 201.97 points or 01 percent to 20,485.83 points and Smallcap also gained 175.11 points or 0.84 percent to 21,020.10 points due to buying…

Covers 43 Critical Illnesses, both initial and advanced stagesModular product allowing selection of waiting period, survival period and coverage from either or all 5 sections: Cancer Care, Cardiovascular Care, Kidney Care, Neuro Care, Transplants Care & Sensory Organ CareAdditional benefits like Dialysis care, Physiotherapy care, etc. in-built in the policy Lucknow: Bajaj Allianz General Insurance today announced the launch of ‘Criti-Care’ a unique critical illness policy that allows the customers to design their coverage by selecting any or all 5 sections within the policy, waiting period as well as survival period. This policy covers 43 critical illnesses, which include both…

New Delhi: South Korean auto major Hyundai on Monday said it has crossed 10 lakh cumulative sales milestone of SUVs made in India. These SUVs have been sold both in India and export markets, Hyundai Motor India Ltd (HMIL) said in a statement. The launch of mid-sized SUV Creta in 2015 accelerated Hyundai Motor India’s growth in the segment with cumulative sales of over 5.9 lakh units in the domestic market and over 2.2 lakh units in the export market, it added. Similarly, the company had introduced compact SUV Venue in 2019 and has already sold over 1.8 lakh units…

New Delhi: The report further said high-frequency data indicates that India is on the path to become better and stronger. Having successfully managed the first wave of the coronavirus pandemic, India is well prepared to combat the scourge of the second wave, the Finance Ministry’s monthly economic report said. The report further said high-frequency data indicates that India is on the path to become better and stronger. “After battling a historic pandemic in FY 2020-21, the Indian economy is poised to build back better and stronger as is reflected in the movement of several high-frequency indicators. “Instrumental in this resilient…

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…