Author: Finance Khabar
New Delhi: Domestic LPG prices have doubled to Rs 819 per cylinder in the last seven years. While the increase in tax on petrol and diesel has increased the collection by more than 459 percent. Oil Minister Dharmendra Pradhan gave this information on Monday. Answering questions on rising oil prices in the Lok Sabha, Pradhan said in written reply that the retail sale price of domestic gas was Rs 410.5 per 14.2 kg cylinder on 1 March 2014. The price of the cylinder has reached Rs 819 this month. Pradhan said that the price of domestic subsidized cylinder has increased…
Mumbai: After fighting multiple bouts of volatility during the session, the BSE gauge Sensex settled 35.75 points or 0.07 per cent higher at 50,441.07. Intraday, the index rose as much as 667 points, but pared most of its gains tracking weakness in global markets. The NSE Nifty ended higher by 18.10 points or 0.12 per cent at 14,956.20. On the Sensex chart, L&T was the biggest gainer, rising by 3.43 per cent. ONGC rose by 2.96 per cent, HCL Tech by 2.22 per cent, NTPC by 1.66 per cent, Axis Bank by 1.6 per cent and Infosys by 1.54 per…
In order to make LIC’s listing easier in the next financial year, the government is set to increase the company’s authorized capital to Rs 25,000 crore. Currently, the paid-up capital of the company is Rs 100 crore with 29 crore policies. Explain that the company started the business in 1956 with a capital of Rs 5 crore. Currently, the company has Rs 31,96,214.81 crore. According to the proposed amendment to the Life Insurance Corporation Act, 1956, the authorized capital share of LIC would be Rs 25,000 crore. Which will be divided into 25,00 crore shares worth Rs 10 per share.…
Mumbai: In the third quarter of the current financial year, with the return of economic activity back on track, the stock market rose by around 2.75 per cent on the back of strong investment holdings. During this period, investors were strengthened by the stabilization of US bonds and the ongoing immunization campaigns in many countries of the world against the corona epidemic. The 30-share Sensex Sensex of the BSE closed at 50.405.32, an increase of 1305 points, or 2.66 per cent, over the previous week. The 50-share Sensex Nifty of the National Stock Exchange (NSE) closed at 14,938.10 with a…
The market capitalization of eight of the top 10 companies of the Sensex has increased by Rs 1.94 lakh crore in the last week. Reliance Industries (RIL) has benefited the most. On the other hand, the market capitalization of HDFC Bank and State Bank of India (SBI) has declined. During the week, the market capitalization of Reliance Industries increased by Rs 60,034.51 crore to Rs 13,81,078.86 crore. Market valuation of Tata Consultancy Services (TCS) rose by Rs 41,040.98 crore to Rs 11,12,304.75 crore and Kotak Mahindra Bank rose by Rs 28,011.19 crore to Rs 3,81,092.82 crore. Hindustan Unilever’s market cap…
New Delhi: Now more people are taking loans from banks in the country, due to which the bank credit growth has started improving now. Bank credit growth stood at 6.6% in February 2021 as compared to 6.4% in the previous year. Market experts say that this is a sign of recovery in the economy and the economy is now coming out of the influence of Corona. Bank Credit Growth refers to the lending by banks to companies, businessmen or the general public. That is, the growth credit in the loan increases when there are industrial reforms. Bank credit growth increases…
New Delhi: For a long time, the sale of platform tickets at railway stations was closed, which has started once again. However, its prices have increased by 3-5 times. The railway says that the platform ticket price is to prevent the spread of Corona and this increase is being done at the same stations where there is a huge crowd. The railway ministry said that there are a total of 78 stations in Mumbai division, out of which platform ticket prices have been increased at only 7 stations. Earlier the platform ticket was 10 rupees, which has now become 30…
New Delhi: Safety standards are being changed in passenger cars from 1 April next month. Now airbags will be provided for the driver as well as the side seat. Two years ago in the early months of the year 2019, a safety rule was introduced for all passenger cars under which airbags and ABS (anti-lock braking system) were made mandatory. However, under this, in most passenger cars, only the driver side was given airbags and in some models airbags were given on both the front seats. Now by order of the government, all the cars built from April 1, 2021…
New Delhi: Hospitality major OYO Hotels & Homes’ valuation has reached the $9 billion-mark, according to industry sources. The development comes after the latest fundraise of Rs 54 crore or $7.31 million from Hindustan Media Ventures Ltd. In a regulatory filing with the Ministry of Corporate Affairs, OYO said that it has raised Rs 54 crore ($7.31 million) at a share price of $58,490 as part of its Series F1 round. With over 50 products and more than 500 microservices, the company plans to utilise the capital in strengthening its technology stack for delivering an improved partner and customer experience.…
Mumbai: PNB Housing Finance and Yes Bank on Friday said that they have entered into a strategic co-lending agreement to offer retail loans to home-buyers at competitive interest rates. A PNB Housing statement said that both the financial institutions will synergise their capabilities to provide an efficient and seamless experience to existing and new retail home loan customers. PNB Housing and Yes Bank will jointly do due diligence and co-originate the loan at an agreed ratio. PNB Housing will service the customers through the entire loan lifecycle, including sourcing, documentation and collection with an appropriate information sharing arrangement with Yes…
Mumbai: ICICI Bank on Friday cut interest rate on home loans to 6.70 per cent, at par with market leader SBI, as part of a limited period offer. The second largest private sector lender said the interest rate offering, which is valid till March 31, is the lowest in a decade. Over the last week, there have been a slew of similar announcements by lenders on interest rates which were at 16-year-low at the systemic level. SBI cut its rate first to 6.70 per cent to best rated borrowers, which was followed up quickly by smaller rival Kotak Mahindra Bank…
The decline in gold and silver continued on March 5, Friday. In Delhi’s bullion market on Friday, gold fell by Rs 522 to Rs 43,887 per 10 grams (Gold price today). In the previous trading session, gold had closed at Rs 44,409 per 10 grams. On the other hand, silver has fallen by Rs 1,822 to reach 64,805 rupees per kg (Silver price today). Which had closed at Rs 66,627 per kg in the previous trading session. Last year on 4 March 2020, the price of gold in the bullion market of Delhi increased from Rs 43,228 to Rs 44,383…
MUMBAI: Due to weak global cues, there has been a sell-off in the domestic stock market in the business of March 5. While the Sensex has lost 441 points, the Nifty has also closed below 15000. The rise in bond yields in the US saw pressure on the US markets. Other markets of the world have also been affected. Currently, the Sensex is down 441 points at the end of trading and has closed at the level of 50405. At the same time, the Nifty has seen weakness around 143 points and it has closed at the level of 14938.…
New Delhi: Gold prices fell by Rs 217 to Rs 44,372 per 10 grams at the bullion market in Delhi on Thursday due to a weak trend in the international markets and an improvement in the value of the rupee. Gold had closed at Rs 44,589 per 10 gram in the previous trading session. On the other hand, silver has fallen by Rs 1,217 to Rs 66,598 per kg. Which had closed at Rs 67,815 per kg in the previous trading session. Gold prices fell by Rs 208 to Rs 44,768 per 10 grams in the Delhi Bullion Market on…
New Delhi: Due to inflation of petrol and diesel, the pocket of common people is getting lighter. Petrol has crossed the Rs 100 per liter level in many places of the country. In such a situation, it is being suggested to bring it under the purview of GST (Goods and Services Tax) to reduce its price, but it is a major source of revenue for the Center and the states, due to which governments will bring it under the purview of GST. She is hesitant. However, according to a report by the Economic Research Department of SBI, if the petroleum…
Mumbai: There has been a sell-off in the domestic stock market amid weak global cues. Both the Sensex and the Nifty have closed in the red mark in the business. The Nifty has weakened to the level of 15050. The Sensex has again closed below 51900. At the end of trading, the Sensex has a weakness of about 599 points and has closed at the level of 50,846. At the same time, the Nifty is also down 165 points and closed at the level of 15081. Prior to this, there was a rapid rise in the stock market for three…
New Delhi: The Enforcement Directorate has registered a case against senior officials of Franklin Templeton in a money laundering case. This is the first case filed by an investigating agency against him in April 2020 following the unexpectedly discontinued 3 date schemes by Franklin Templeton. The Enforcement Directorate has registered the case in the Economic Offenses Wing of the Chennai Police on the basis of an FIR lodged against Franklin Templeton. It was lodged in Chennai on 29 September 2020 under FIR 420. In this FIA, Franklin Templeton and his CEO have been accused of cheating investors and criminal conspiracy…
Mumbai: Today, for the third consecutive day, the domestic stock market has witnessed rapid growth amid mixed global signals. In today’s trade, both the Sensex and the Nifty index were strongly up. Today the Nifty has crossed 15200. The Sensex also reached close to 51500 again. At the end of trading, the Sensex has gained 1148 points and closed at the level of 51,444.65. At the same time, the Nifty has gained 327 points and closed at the level of 15246. Earlier on Monday and Tuesday, the stock market closed with an increase. Today, banks and metal stocks have seen…
Mumbai: Forty Indians entered the billionaires’ club in the pandemic- stricken 2020 to take the number of those in the coveted list to 177 people, a report said on Tuesday. Mukesh Ambani continued to be the wealthiest Indian with a networth of $83 bn. The head of Reliance Industries witnessed a 24 pc jump in fortunes and climbed up one spot to be the eighth richest globally, as per the Hurun Global Rich List. Gautam Adani from Gujarat, who has had a spectacular rise in fortunes in the last few years, saw his wealth almost doubling to $32 billion in…
New Delhi: Vodafone Idea (Vi) has launched Vi Hospicare in association with Aditya Birla Health Insurance (ABHI). In this, prepaid customers of the company get cover for hospitalization. The company said in a statement that Vi customers get a fixed cover of up to Rs 1,000 on being admitted to the hospital for a period of 24 hours. With this, a cover of two thousand rupees will also be available for ICU expenses. Offer includes hospitalization due to Kovid-19 or any pre-existing disease. Vi Hospitality can be availed at a recharge of Rs 51 and Rs 301. In the recharge…