Author: Finance Khabar

New Delhi: The Reserve Bank of India (RBI) has deferred for six months the changes in OTT subscription, auto payment of bills or auto debit in the country from 1 April. In view of the inconvenience caused to the people regarding the new structure, the RBI has taken this step. On Wednesday, the Reserve Bank of India issued a statement saying that the timeline of all parties for auto payment and auto debit to come under the new framework has been extended till September 30, 2021. Along with this, while giving strict warning to the banks, even after this, if…

Mumbai: The fall in most of the key indices globally and rising concern due to the Korena epidemic led to a huge sell-off in the domestic stock market on Wednesday due to which the Sensex slipped 627 points and returned below the 50,000 mark and the Nifty also declined by 154 points. This led to a strong uptick in the domestic stock market on the previous day due to increased investor buying. The BSE Sensex fell 627.43 points during this period, due to which the Sensex fell below the 50 thousand mark to 49,509.15 and the National Stock Exchange (NSC)…

New Delhi: After the Indian government banned Chinese short video app TicketTock in the country, now its parent company ByteDance is strict. Authorities have frozen the bank accounts of ByteDance in India on charges of tax evasion. For relief in this case, Bydtance has moved the Mumbai High Court and challenged this decision of the government. ByteDance challenged the government’s decision, urging the Mumbai High Court to dismiss the order as soon as possible. The company said that this decision of the tax department could cause a huge loss to its business. This claim has been made in a report…

Mumbai: About 52 per cent of Indian organisations said they fell victim to a successful cybersecurity attack in the last 12 months, according to a survey released on Tuesday. Of these successful breaches, 71 per cent of organisations admitted it was a serious or very serious attack, and 65 per cent said it took longer than a week to remediate, showed the survey by global cybersecurity firm Sophos. The study of 900 business decision makers across Asia Pacific and Japan indicates Covid-19 accelerated period of digitisation and was a catalyst for improving cybersecurity, but systemic security issues persist. While attacks…

Mumbai: On March 30, there has been a spectacular purchase in the domestic stock market amid mixed global signals. The Nifty reached close to 14850 in business. The Sensex has also crossed 50000. Currently, the Sensex has gained 1128 points at the end of trading and has closed near the 50,137 level. At the same time, the Nifty has gained 338 points and has closed at the level of 14845. In this boom of the market, the wealth of investors has increased by 3.5 lakh crores. There have been good purchases in IT, bank and financial stocks. Metal and FMCG…

New Delhi: Stock markets in Asia heaved a sigh of relief and crude oil prices fell as the vessel blocking the Suez Canal was freed. This will clear the canal and allow movement on the busiest waterway in the world. Crude prices fell after rising 4 per cent over the last few days as the blockage was causing $ 9 billion of trade loss every day. The Suez Canal accounts for 12 per cent of global trade. Oil prices have softened due to the recent lockdowns in Europe also. Brent crude fell 90 cents to $63.67 a barrel, while the…

The market capitalization (market cap) of seven of the top 10 Sensex companies collectively declined by Rs 1,07,566.64 crore last week. Reliance Industries alone suffered half of this loss. The 30-share BSE Sensex lost 849.74 points or 1.70 per cent during the week. Among the top 10 companies, only Tata Consultancy Services (TCS), Hindustan Unilever (HUL) and HDFC gained market valuations. In the week under review, the market capitalization of Reliance Industries declined by Rs 55,565.21 crore to Rs 12,64,243.20 crore. Bajaj Finance’s market position declined by Rs 16,197.55 crore to Rs 3,12,327.04 crore and State Bank of India lost…

Meerut: The Indian Railway Finance Corporation (IRFC), the dedicated financing arm of the Indian Railways, on Friday, raised Rs 1,375 crore through issuance of domestic bonds. The fund has been raised at 6.80 percent coupon rate with 20-year maturity which is about 18 basis points lower than the benchmark par yield Government security as per yesterday’s close in CCIL. This is one of the rare occasions when a top-rated government issuer has pierced the sovereign curve in the domestic market with such a huge margin. This shows the confidence reposed by the large debt investors in the country for IRFC…

New Delhi: As higher education plays an important role in promoting human development as well as contributing to the economy of a country, FICCI Arise has come up with this universities’ fair to provide students an opportunity to interact with wide-ranging and diverse higher education learning opportunities. At the fair, students will have an opportunity to choose from top international universities/colleges from USA, Canada, UK, Australia, New Zealand, Germany, France, Singapore, India, and other top destinations. Close to 90 universities have already registered, and these include Imperial College London (UK), University of Waterloo (Canada), KREA University (India), PLAKSHA University (India),…

New Delhi: Power transmission and retail distribution company Adani Transmission Limited (ATL) has signed definitive agreements with Essel Infraprojects Limited (EIL) for the acquisition of Warora-Kurnool Transmission Limited (WKTL) for an enterprise value of Rs 3,370 crore. The regulatory approval for substitution of original awardee in the contract by Adani Transmission has already been received from Central Electricity Regulatory Commission. The lenders consent and other necessary regulatory approvals shall be obtained before closure of transaction. In a statement on Saturday, Adani Transmission said that the acquisition is in sync with its strategy to enhance the value for its stakeholders, through…

On the same day JSW Steel surpassed Tata Steel to become the largest steel maker, on the same day it has joined another competition with its closest competitor. On March 26, Sajjan Jindal-owned JSW Steel filed an Expression of Interest for the acquisition of a stake in the state-owned steel maker Nilanchal Ispat Nigam Limited. Let us tell you that Nilanchal Ispat Nigam Limited is located in Kalinga Nagar, Odisha which is just 10 minutes drive from Tata Steel plant. Tata Steel and ArcelorMittal Nippon Steel India are already in the race for acquisition in Nilanchal Ispat Nigam Limited. According…

New Delhi: In the general budget presented for the financial year 2021-22, Finance Minister Nirmala Sitharaman set a target of raising Rs 1.75 lakh crore through disinvestment. Chief Economic Advisor KV Subramanian said the disinvestment target of Rs 1.75 lakh crore for FY21-22 is achievable. Subramaniam said that the central government is expected to get Rs 1 lakh crore from the IPO of LIC alone. The Chief Economic Advisor said that to achieve the target of disinvestment of Rs 1.75 lakh crore, the government will also get a large amount from the privatization of Bharat Petroleum Corporation Limited along with…

New Delhi: Culture of work from home and study from home has increased rapidly due to Corona epidemic. However, the biggest problem is coming in front of it as network speed. Most of the people in India are struggling with the problem of data network because here the data network is getting available on mobile with a downloading speed of around 12.40 Mbps. If we compare it with the neighboring country Pakistan, then the situation is not good there but better than India. In Pakistan, the mobile data speed is getting from the speed of 17.73 Mbps. Talking about countries…

Mumbai: The domestic stock market has seen a good boom amid better global cues. Both the Sensex and Nifty indices have closed strongly in the business. The Sensex has closed beyond 49000. At the same time, the Nifty has also closed beyond 14500. There is an all-round boom in today’s business. There have been good purchases in banks, financials, metal and auto stocks. There has been a boom in other sectors as well. Currently, the Sensex has gained 568 points at the end of business and closed at the level of 49009. At the same time, the Nifty has closed…

New Delhi: Noting that there is no choice but to either privatise or close Air India, he said the government will have to keep the airline running till it gets divested. The government is looking at a new timeline for Air India disinvestment and financial bids will be invited in the coming days, Union minister Hardeep Singh Puri said on Friday. Noting that there is no choice but to either “privatise or close” Air India, he said the government will have to keep the airline running till it gets divested. “We are looking at another timeline now, what is called…

Wave Mega City Center (WMCC) Private Limited, the company that was developing mega commercial – cum – residential project in Noida has filed an application in NCLT to initiate voluntary resolution process to protect the interest of hundreds of buyers in the project, who are left stranded after an unreasonable decision of Noida Authority. Noida Authority’s abrupt decision to seal the residential-cum-commercial project in the prestigious Sectors 32 and 25 is being seen as an attempt to settle a commercial dispute through arbitrary means. Wave Mega City Center (WMCC) has invested over Rs 3,800 crore in the project which includes…

RBI Governor country is now fully prepared to deal with any crisis. New avenues should be created in the financial sector regarding service delivery in an effective manner. Regarding this, RBI Governor Shaktikantha Das called for the need for effective regulation that helps instead of discouraging innovation in the fintech space. In an event on Thursday, the central bank Governor Das said that effective regulation is in place for the RBI. Apart from this, he said that maintaining the health of banking sector and ethics-drive governance with strong capital base is also in the policy priority of the central bank.…

On March 25, there was a sharp sell-off in the domestic stock market amid mixed global signals. In the intraday, the Sensex lost about 900 points and weakened to the level of 48,236, while the Nifty also came close to 14300. At the end of trading, the Sensex had a weakness of 740 points and closed at 48,440. At the same time, the Nifty lost 225 points and closed at 14325 level. Banks, auto, IT, FMCG and realty stocks have fallen drastically. Weakness has been seen in other sectors as well. 3.5 lakh crore rupees of investors have been drowned…

Mercedes-Benz’s A-Class Limousine has been launched in India with an initial showroom price of Rs 39.90 lakhs. The 2020 Mercedes-Benz A-Class Limousine is offered in three variants – Limousine Petrol, Limousine Diesel and AMG A-Class. The diesel model of the car has been priced at Rs 40.90 lakh, while the showroom price of AMG A35 has been kept at Rs 56.24 lakh. This car has been launched in the global market only in 2018, which was showcased at the 2020 Auto Expo and now it has been brought to the Indian market. The Mercedes-Benz A 200 Limousine is powered by…

The 15-day mega talent hunt concludes in a Grand Finale on 31 March 2021Celebrity mentors Raghu Ram-Rajiv and Santosh Shukla join Sunny at the Finale Lucknow: Josh, India’s fastest growing and most-engaged short video app, launched its first original IP ‘World Famous’ – a mega talent hunt, in Lucknow last week. A week to go for the Grand Finale, #joshworldfamoushas already received over 16.8K video entries in its first week and continues to inviteregistrations till 30 March 2021. The Grand Finale on 31 March 2021 has been planned as an ultimate celebration of performers, entertainers, and artists across Lucknow. The…