Author: Finance Khabar

Finance Desk – If you’re looking to cancel your Systematic Investment Plan (SIP) online, it’s a simple process. Here’s how you can do it on Zerodha and Groww platforms: Step-by-Step Guide to Cancel Your SIP Online: Log Into Your Account: Go to the website or app where you started your SIP, like Zerodha or Groww. Log in with your details. On Zerodha’s Coin App: To Modify a SIP: Open the Coin app, choose the fund, tap ‘Modify’, make changes, and confirm. To Pause a SIP: Open the app, select your fund, tap the three dots for more options, and choose…

Meerut : As millions of pilgrims and devotees gather in Prayagraj for the Maha Kumbh, Airtel has taken several measures to ensure seamless connectivity for its customers. Airtel has installed 287 new sites, optimized over 340 existing sites and has laid an additional 74 kilometers of fiber in the city to enhance mobile coverage. Within the Kumbh mela premise, that spans several kilometers, the company has deployed 78 active cell on wheels (COW). These measures will ensure seamless connectivity not only within the mela premise but also cover highways, railway stations, airport, hotels and high footfall areas across the Prayagraj city.…

Finance Desk – As 2024 ends and we enter 2025, it’s a great time to plan your finances, especially with the tax year ending soon. Here’s how you can make smart investments that save taxes and increase your wealth over time. If you prefer safe investments, consider Guaranteed Return Plans. These plans offer a fixed return rate and are not affected by market changes, making them great for those who don’t like risk. You can know exactly how much you’ll get back, which helps in planning your future. Plus, you can get tax benefits on these investments. Unit-Linked Insurance Plans…

Finance Desk – In December 2024, India collected Rs 1.77 lakh crore from Goods and Services Tax (GST), showing a 7.3% increase from the previous year’s Rs 1.65 lakh crore. This revenue includes different types of GST: Rs 32,836 crore from Central GST, Rs 40,499 crore from State GST, Rs 47,783 crore from Integrated GST, and Rs 11,471 crore from GST Cess. Domestic transactions brought in Rs 1.32 lakh crore, an 8.4% growth, while taxes on imports contributed Rs 44,268 crore, up by about 4%. Although this December’s collection is strong, it’s slightly less than November’s Rs 1.82 lakh crore.…

Finance Desk – As the new year starts, many stock market investors want to know how stocks might perform in January. Looking back over the last ten years, January hasn’t been great for the stock market in India. In fact, seven out of the last ten Januaries have ended with the stock market down, mostly because foreign investors have been selling their stocks. The Nifty index, which tracks big companies in India, has only had three good Januaries in the last decade, gaining more than 4% each in 2015, 2017, and 2018. However, most years haven’t been so good. For…

Finance Desk – The Defence Ministry has shared details about how medical pensions are handled for Army personnel who can no longer serve due to health issues. This was discussed in the Lok Sabha after MP Hanuman Beniwal asked about the support for soldiers declared unfit because of disabilities and how the process ensures fairness. The ministry has set clear rules to make sure that decisions about a soldier’s fitness are fair and consistent. These rules are outlined in documents called “Entitlement Rules for Casualty Pensionary Awards to the Armed Forces Personnel – 2023” and “Guide Medical Officers – 2023.”…

Finance Desk – Senior citizens looking for a safe investment can consider fixed deposits (FDs), which are known for being a secure way to grow your savings. As retirement stops regular income, it’s wise to choose investments with low risk and sure profits. Fixed deposits fit this well because they offer steady returns over time. Currently, several banks in India are offering attractive interest rates on 5-year fixed deposits specifically for senior citizens. Here’s a brief overview: Who Can Open These FDs? What Documents Are Needed? These fixed deposits are applicable for investments below Rs 2 crore. Remember, it’s always…

Finance Desk – N. Srinivasan has stepped down from his positions as CEO and Managing Director of India Cements after a big business deal was approved. This deal involved UltraTech Cement, a company led by Kumar Mangalam Birla, buying a large part of India Cements for Rs 7,000 crore. As a result of this deal, UltraTech Cement now controls India Cements and has become its new owner. Srinivasan, along with some family members and board members, resigned from their positions. New directors have been appointed to the company’s board. Srinivasan sold all his shares in India Cements, which is why…

Finance Desk – The Indian rupee dropped to its lowest ever value of 85.24 against the US dollar on Thursday. This happened because the returns on US government bonds are very high right now, and oil prices are rising, making it costlier. The US dollar is also very strong compared to other important currencies, which affects the rupee. Other currencies in Asia are also struggling against the dollar for similar reasons, like political uncertainties and economic issues globally. In short, the rupee is facing a tough time because of high oil prices, a very strong dollar, and rising US interest…

New Delhi, 19th, December 2024: Winter is a very charming season for many, but its arrival is also accompanied by a significant surge in cough and throat irritation. The colder temperature brings a rise in respiratory infections, underscoring the need for measures to fight cough and throat discomfort. Keeping this in mind, India’s No.1 Ayurvedic Cough Syrup brand Dabur Honitus from the house of Dabur India Ltd has launched ‘Science of Ayurveda’ a Mega Health Awareness Drive to educate people about the science behind Dabur Honitus which makes it effective to fight cough & throat irritation. The Campaign highlights how…

Finance Desk – The Enforcement Directorate (ED) has questioned Bollywood actress Mallika Sherawat and TV actress Pooja Banerjee. They were asked about their promotional work for a betting website called Magicwin, which is linked to a money laundering investigation. This website, owned by people from Pakistan, was involved in illegal activities like broadcasting cricket matches without permission. Both actresses had promoted Magicwin. Mallika Sherawat answered the ED’s questions through email and a representative, while Pooja Banerjee met with the ED in person. They are not being accused of any wrongdoing but were involved in advertising for the website. The investigation…

Finance Desk – The State Bank of India (SBI) is hiring for over 13,000 clerk jobs. Here are the important details: Total Jobs Available: 13,735 positions. Who Can Apply: Anyone who has a college degree or who will graduate by the end of 2024. You must be between 20 and 28 years old. Application Deadline: You can apply until January 7, 2025. How to Apply: Go to the SBI website and choose one state you want to work in. You need to know how to speak, read, and write the local language of that state. Selection Process: There is a…

Finance Desk – The Nifty and Bank Nifty stock indices have been falling for three days in a row. This happened right before the U.S. Federal Reserve decided to lower interest rates slightly, which usually impacts financial markets. Both Nifty and Bank Nifty have dropped below average levels, suggesting they might either stabilize or continue to drop. For the Nifty, a key point to watch is 24,050. If it drops below this, it might fall even more to 23,873. On the other hand, if it goes above 24,350, it could start to recover. Similarly, for the Bank Nifty, if it…

Finance Desk – Nalini Unagar, who had a YouTube channel called “Nalini’s Kitchen Recipe,” has decided to stop making videos. She spent over Rs 8 lakh in three years trying to make her channel successful but didn’t make any money from it. Nalini shared her story on social media, saying she’s now selling her kitchen tools and equipment because her YouTube efforts didn’t work out. She made 250 videos over those years but didn’t get the results she hoped for. Nalini said that she has decided to quit because she sees no benefit in continuing and has removed all her…

Finance Desk – SEBI, the organization that regulates the stock market in India, is planning to do a big survey across the country. The goal is to get more people to invest in the stock market, help them understand the risks involved, and fix any issues in the system. Ananth Narayan G from SEBI noted that even though a lot of foreign money left the Indian markets recently, Indian investors like mutual funds added just as much money back in. He warned that we shouldn’t be too comfortable though, because foreign investments are still crucial for India’s growth. He spoke…

Finance Desk – Elon Musk has just become the first person ever to have a net worth of $400 billion. This huge increase in his wealth came after his company, SpaceX, grew in value to about $350 billion due to a recent business deal. This deal involved SpaceX buying back $1.25 billion worth of its own shares from some investors. The boost in Musk’s wealth also happened right after Donald Trump won the U.S. Presidential election last month, which has been good for Musk’s businesses. Musk runs several big companies like Tesla, SpaceX, and X, and is involved with others…

Finance Desk – New rules in the futures and options (F&O) trading market in India have changed how trading happens. Previously, traders had different days to trade various stock indexes like Bankex, Fin Nifty, Bank Nifty, Nifty, and Sensex. Now, only Nifty and Sensex will have weekly expiries, which simplifies trading but also reduces opportunities. Experts think these changes might lower the total trading by 10% to 30% because traders, especially those using automated systems, need time to adjust. Also, with fewer weekly expiries, there might be more ups and downs in prices at the end of each month. Another…

Finance Desk – The Reserve Bank of India (RBI) is having a three-day meeting from December 4 to December 6 to discuss India’s economy and decide on interest rates. This meeting is led by a group called the Monetary Policy Committee (MPC), which has six members. They will look at various important topics like how much interest banks should charge, the rate of price increases (inflation), the economy’s growth, and oil prices worldwide. On December 6, at 10:00 AM, after the meeting ends, RBI Governor Shaktikanta Das will announce their decisions. You can watch his announcement live on the RBI’s…

New Delhi : Dabur Chyawanprakash Sugarfree, from the house of Dabur India launched a health awareness campaign with ‘Aapka Angrakshak’ as a run up to World Diabetes Day. The Campaign aims to raise awareness about the need for immunity and importance of maintaining health of vital organs for a diabetic alongwith maintaining blood sugar levels, eating healthy and staying fit. Speaking about the campaign, Mr. Amit Garg, Marketing Head – Health Supplements, Dabur India said, “According to an ICMR study, roughly 1 in 4 Indians are either diabetic or are pre-diabetic. Diabetes causes fluctuation in insulin levels which leads to…

Be it renovating the house or going on a dream vacation, an instant personal loan always has your back. But there is one thing you just can’t overlook, and that is your credit score. This three-digit number proves to lenders that you are a responsible borrower. How? Well it considers your past and present when it comes to your handling of and experience with credit. No matter which loan apps or websites you use to apply for a personal loan online, your credit score takes centre stage when the time comes for financial companies to assess if you are worthy…