Author: Finance Khabar
New Delhi: Government may consider to privatize Oriental Insurance or United India Insurance Company. People with knowledge about the matter said that the government can consider their privatization as their financial health has improved after the capital investment. To further strengthen their financial health, the government is expected to invest Rs 3,000 crore in public sector general insurance companies during the current quarter. Both Oriental Insurance and United India Insurance based in Chennai will be able to generate interest from the private sector due to its superior financial position. The process of choosing a suitable candidate for privatization has started…
New Delhi: On July 10 last year, the Ministry of Skill Development and Entrepreneurship (MSDE) launched the ASEEM portal. Since its launch in mid-July last year, the Aatmanirbhar Skilled Employee Employer Mapping (ASEEM) initiative has extended more than 18 lakh job opportunities. On July 10 last year, the Ministry of Skill Development and Entrepreneurship (MSDE) launched the ASEEM portal. MSDE Secretary Pravin Kumar said that the portal acts as a skill directory and has all information on industry demand, supply and analytics that show trends as well as capture the outcome. “ASEEM is an integrated skill management information system which…
New Delhi: Muthoot Homefin aims to disburse home loans worth Rs 700 crore in the upcoming financial year (FY2021-22). In a statement, the company said that over the past five years since its inception, Muthoot Homefin has disbursed over Rs 2,600 crore home loans. Currently, it has assets under management (AUM) of Rs 1,800 crore with operations in 16 states and Union territories of India serving more than 22,000 customers. “For the coming year, in addition to further penetration into the existing geographies, Muthoot Homefin also plans to expand its operations in the southern states of India and aims to…
New Delhi: Transaction auditor Grant Thornton, in a report shared with the Administrator of DHFL, has found certain transactions which are undervalued, fraudulent and preferential in nature, putting the newly-discovered fraud at Rs 6,182 crore. The Administrator of Dewan Housing Finance Company Ltd, appointed under the Insolvency and Bankruptcy Code, 2016 to carry out the duties under it, obtained assistance from reputed professional agency, Grant Thornton to conduct investigation of the affairs of the company in respect of transactions qualified under sections 43 to 51, and sections 65 and 66 of the Code. Accordingly, the Administrator of the Company received…
Lucknow: Dabur Amla Hair Oil, World’s No. 1 hair oil brand from the house of Dabur India Ltd, joined hands with the Uttar Pradesh Police for ‘Mazboot Iraadon ko Salaam’ Campaign to honour the special police team of the ‘Pink Brigade’. The campaign was organized to spread awareness about the role of this team, created for the protection of women in Uttar Pradesh. The campaign christened ‘Mazboot Iraadon ko Salaam’, was conducted in Lucknow and other major cities. Under the campaign, signatures and best wishes were collected for the Pink Brigade along with video bytes to encourage and appreciate their…
New Delhi: Baba Ramdev’s Patanjali Ayurved has said that Coronil has received certification from the Ministry of AYUSH. This recognition has been received under the World Health Organization Certification Scheme. The company has claimed that it is the first evidence-based drug for the treatment of Covid 19. Patanjali Ayurved launched this medicine on Friday under the chairmanship of Union Health Minister Harsh Vardhan for the treatment of corona. Transport Minister Nitin Gadkari presided over the program. Patanjali has said in a statement, “Coronil has received the Certificate of Pharmaceutical Product from the Department of AYUSH, Central Drugs Standard Control Organization.…
Mumbai: The domestic stock market has also seen weakness amid weak global cues. Both the Sensex and Nifty indices have closed in the red mark. The Nifty has slipped below 15000. After midday due to huge profit realization in PSU bank shares, the market decline has increased. Currently, the Sensex has fallen by 435 points and has closed at the level of 50890. During the business, it weakened to the level of 50624. At the same time, the Nifty lost 137 points and closed below the 15000 level at 14982. Even before this, there was a decline in the market…
New Delhi: If you are looking for a chance to buy gold, then this can be a good opportunity. This is because the price of 24 carat pure gold has come down to Rs 46,000 per ten grams in the bullion market. In fact, the spot price of pure gold in the Delhi bullion market fell by Rs 320 to Rs 45,867 per ten grams under 46 thousand rupees. At the same time, the price of silver was recorded at Rs 68,283 per kg with a slight increase of Rs 28. Earlier, on the last trading session i.e. on February…
The domestic stock market has seen weakness among mixed global signals. Sensex and Nifty started in business in green mark, but after some time both indices came in red mark. The Nifty has closed around 15100. At the end of trading, the Sensex has a weakness of about 379 points and closed at the level of 51325. At the same time, there has been a weakness of 90 points in the Nifty and it has closed at the level of 15119. In today’s business, PSU bank, IT and metal stocks have been increasing, so auto stocks have been sold. A…
New Delhi: The Central Board of Direct Taxes (CBDT) has so far issued over Rs 1,93,455 crore in refunds to over 1.90 crore taxpayers from April 1 till February 15, the Income Tax department said on Wednesday. As per the I-T department, income tax refunds of Rs 68,515 crore have been issued in connection with 1,88,02,365 cases and corporate tax refunds of Rs 1,24,939 crore have been issued in 2,16,064 cases. “CBDT issues refunds of over Rs 1,93,455 crore to more than 1.90 crore taxpayers taxpayers between 1st April, 2020 to 15th February, 2021. Income tax refunds of Rs 68,515…
New Delhi: Twitter India has launched a new voice message feature in direct messages (DMs) on social media platforms. Users can now send Voice DM, which should be 140 seconds long. This feature has been made available for both Android and iOS users. Currently, the new feature is being launched in select countries, including India, Brazil and Japan. On the new feature, Manish Maheshwari, Managing Director of Twitter India said that India is a priority country for Twitter and hence they are constantly testing new features and learning from the experience of people on the service. They are eager to…
New Delhi: The Modi government has approved a Product Linked Incentive (PLI) of Rs 12,195 crore for telecom equipment manufacturing. The decision was taken in a cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday. The government believes that this initiative will give a boost to the self-reliant India campaign and will encourage manufacturing in the telecom sector. This scheme will be effective from 1 April 2021. This will produce about Rs 2.4 lakh crore worth of telecom equipment in the next five years. Union Communications Minister Ravi Shankar Prasad informed the media about the cabinet decision that the…
New Delhi: India, the world’s third largest oil consumer, on Wednesday appealed to Saudi Arabia and other global oil producers to reduce the level of crude oil production cuts. India has said that the economic recovery and demand is being damaged due to the expensive oil in the international market. Petroleum Minister Dharmendra Pradhan said that recovery in demand should be given priority over oil prices for the next few months. Since the announcement of Saudi Arabia’s voluntary reduction of 1 million barrels per day in February and March, the price of oil in the international market has been rising.…
MUMBAI: Domestic stock markets closed down today due to weak signals from global markets as well as profit booking in groups such as health care banking and finance at the domestic level. During this period, the BSE Sensex slipped 400 points and the NSE Nifty slipped 105 points. The BSE Sensex fell 400.3 4 points to 5170 3.83 points. The National Stock Exchange (NSE) Nifty fell 104.55 points to 1520 at 8.90 points. While the selling was seen in the big companies, the Diwali trend continued in the medium and small companies. Due to this, the mid-cap of BSE rose…
Bangalore: Despite the impact of COVID-19, the Indian technology sector rallied round to grow at 2.3 pc year on year in the financial year 2020-21 on the back of rapid acceleration in digital transformation and tech adoption, said a Nasscom report. The industry is expected to add over 138,000 net new hires in FY2020-21, taking total employee base to 4.47 million, according to the IT industry body’s Strategic Review 2021 titled, ‘New World: The Future is Virtual.’ Indian tech contributed near 8 pc relative share to the national gross domestic product, with 52 pc relative share in services exports, and…
New Delhi: After a virtual conversation with Amit Agarwal, Global Senior Vice President of Amazon and Country Head for India and Chetan Krishnaswamy, Vice President, Public Policy of Amazon India on Wednesday, the Union Minister for Electronics and IT, Ravi Shankar Prasad took to Twitter and the homegrown social media platform Koo, to make the announcement. “Held a very good conversation with @AmitAgarwal and @Chetankrishna of @amazonIN today. Delighted to share that soon Amazon will commence manufacturing of electronics products like FireTV stick in India,” Prasad said. Further, Amazon also has announced its plans to begin manufacturing Amazon Devices in…
Mumbai: The domestic stock market has closed today with a slight decline amid better global cues. The stock market started with record highs but later saw a profit recovery. Today the Sensex crossed 52500 and the Nifty crossed 15400 in the morning. Sensex today touched a new level of 52516. At the end of trading, the Sensex fell by 50 points and closed at the level of 52104. At the same time, the Nifty had a weakness of 1 point and it closed at the level of 15313. Metal and PSU bank stocks rose in today’s business. At the same…
True – the globe was taken aback by the proliferation of a virus! We are still reeling from the effects of the pandemic and subsequent lockdowns. But, it is only in the darkest nights that stars shine. And shine, we did! Not for a second did Wave faltered in making your dream of affordable housing a reality, even in the face of a pandemic. Yes, the Realty sector, just like all the other sectors faced a severe blow, and several projects faced an uncertain future. However, Wave city made use of the time to develop a robust yet flexible project…
Honda Motorcycle & Scooter India on Tuesday launched its new racer bike Honda CB350 RS Scrambler in the Indian two-wheeler market. Equipped with a very attractive look and powerful engine, the price of this bike has been fixed at Rs 1.96 lakh (ex-showroom, Gurugram). Booking for CB350 RS can be done at all Honda Big Wing showrooms. At the same time, its delivery will start in early March. A 348.6cc, single-cylinder air-cooled engine has been used to power the new Honda CB350 RS which also powers the Hness CB350. This engine is capable of generating 20.78bhp power at 5,500rpm and…
MUMBAI: In an effort to provide preventive and effective healthcare solutions to every patient, Dr Batra’s has revolutionized the future of homeopathy through scientific, precise, safe and uniquely planned treatment solutions. Through its latest offering, Dr Batra’s brings Derma Heal, a first-of-its-kind, easy and pain-free skin care solution to its patients. Derma Heal – a revolutionary skin care treatment, combines the goodness of UVB light rays and homeopathy to treat skin diseases safely and naturally. Each Derma Heal session takes only 30 mins and is administered by trained therapists under the guidance of qualified homeopathic dermatologists. With a proven efficacy…