Author: Finance Khabar
Motorola has launched ‘Moto G 5G’, India’s cheapest 5G smartphone. The Moto G 5G, however, is not Motorola’s first 5G phone in India. Earlier Motorola has launched Razr 5G. Due to the low price of Moto G 5g, most people in the Indian market will be attracted towards buying 5G smartphones. The Moto G 5G is available in select markets in Europe. According to the statement issued by Motorola, the Moto G 5G smartphone supports 11 Global 5G network bands. With this, this phone will work on any Sub 6 5G band launched in India. This phone has been developed…
Retail investors are going to get another better facility. Now you can also invest in IPO through Paytm Money. Paytm has given this information on Monday. Paytm Money is a subsidiary of Paytm. Paytm said that the move is aimed at helping retail investors in investment and through this, wealth creation opportunities. The company said in a statement that the process of IPO application for retail investors has been made completely digital and simple. Paytm has said in the statement that through Paytm Money, investors will be able to apply for an IPO. They will be able to be a…
New Delhi: In a communication sent to Sitharaman, it expressed serious concern over granting of 10 per cent cash back or discount by some of banks on purchase made via their cards from e-commerce portals. It alleged that several banks are entering into an “unholy nexus with Amazon, Flipkart and other e-commerce companies, forming a cartel with them for indulging into anti-competitive practices and offending ‘Fair Practices Code’ of RBI for banks”. “CAIT has also charged the banks for infringing the ‘Fundamental Right to Trade’ and discrinination within the people of the country which is prohibited under the Constitution of…
New Delhi: Kaspersky and CERT-In said they will facilitate the fulfilment of mutual goals in order to mitigate a variety of sophisticated cyber threats. The partnership would create mechanisms to detect latest cyber security threats that can adversely affect the information assets and privacy of the general users in the country, and devise appropriate security measures to enable such users to secure their systems. “The pandemic has amply highlighted that we are codependent, interconnected and vulnerable. Our partnership with Kaspersky will help towards creating a robust, safe, secure and resilient digital economy in a vibrant digital India,” said Dr Sanjay…
New Delhi: Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of Singapore-based DBS Group Holdings Ltd. In a statement on Monday, DBS Bank said that the scheme of amalgamation is under the special powers of the Government of India and Reserve Bank of India under Section 45 of the Banking Regulation Act, 1949, India, and has come into effect on 27 November, 2020. It added that the amalgamation provides stability and better prospects to LVB’s depositors, customers and employees following a period of uncertainty. The moratorium imposed on LVB was lifted…
Lucknow: Uttar Pradesh Government has claimed that the Yogi Adityanath led BJP regime has taken series of measures during past nearly four years for the welfare and overall upliftment of the sugarcane farmers and the industry. “The Yogi Adityanath government has enhanced sweetness of the sugarcane by increasing the daily cane crushing capacity of the of the sugar mills, fresh capacity addition for production of khandsari and ethanol and also the record payment to the farmers by the sugar mills,” said an official here on Sunday adding “the sweetness of sugarcane, which has been bitter for farmers due to mounting…
The Reserve Bank of India (RBI) can maintain policy rates for the third consecutive time in the December monetary review. Experts have expressed this opinion. Experts said that due to the increase in the rate of retail inflation, the Monetary Policy Committee (MPC) probably will not change interest rates once again. Retail inflation currently remains above the Reserve Bank’s satisfactory level. However, the growth rate of gross domestic product (GDP) in the second quarter of the current fiscal year ended in September has been negative, due to which the central bank may keep its monetary stance soft. Beyond this, interest…
New Delhi: The finance ministry has asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expenses to improve their financial health, sources said. Earlier this year, the Union Cabinet decided to halt the merger process of three state-owned general insurance companies due to weak financial positions of these three companies. Instead, the government approved a fund infusion of Rs 12,450 crore to meet regulatory parameters. The finance ministry has asked these companies to cut the flabby rationalising branches and rein in other avoidable expenses like guest houses,…
Mumbai: The Centre, in a recent notification, mandated that only BIS certified two-wheeler helmets would be manufactured and sold in the country for two-wheelers. As per the notification: “QCO would mean that only BIS certified two-wheeler helmets would be manufactured and sold in the country for the two-wheelers. This would help in avoiding sale of low-quality two-wheeler helmets in the country which would, in turn, help in protecting citizens involved in two-wheeler accidents from fatal injuries.” After the implementation of new norm, the industry now estimates that the total demand of ISI helmets in India will go beyond the current…
New Delhi: Omega Seiki Mobility aims to bring in multiple electric products including two-wheelers, a four-wheeler cargo vehicle and a tractor over the next two years, as per a top company official. The company, which is a part of the Delhi-based Anglian Omega Group, also aims to set up manufacturing facilities across various parts of the country. Omega Seiki already has multiple manufacturing sites in Delhi/NCR. The company also plans to have around 200 dealerships across the country by the end of next year. It has earmarked an initial investment of Rs 200 crore for the projects and going ahead…
New Delhi: The addition of new servers to the network triggered the massive outage of Amazon Web Services (AWS) last week, affecting several websites and apps, the company has acknowledged. AWS, which is the Cloud arm of e-commerce behemoth Amazon, said they were able to confirm a root cause which was not driven by memory pressure as earlier reported. “Rather, the new capacity had caused all of the servers in the fleet to exceed the maximum number of threads allowed by an operating system configuration,” the company said in a technical blog post. “As this limit was being exceeded, cache…
The Goods and Services Tax Network (GSTN) along with tax officials have decided to persuade 25,000 taxpayers, who have defaulted to file their GSTR-3B returns by the November 20 due date for the month of October, to file the same. Tax officials have been directed to follow up personally with these defaulting taxpayers so that their GSTR-3B returns due for October get filed by Nov 30. These 25,000 taxpayers, who have not yet filed their returns, were identified on the basis of last month’s statistics, said sources in the Department of Revenue on the condition of anonymity, after a high-level…
New Delhi: In view of the ongoing COVID-19 pandemic and the vulnerability of elderly population to the deadly virus, the EPFO has extended the time limit up to February 28, 2021 for submission of Life Certificate (Jeevan Pramaan Patra) in respect of the Pensioners drawing pension under the EPS 1995 and whose Life certificate is due in any month till February 28, 2021. Presently, a Pensioner can submit the JPP anytime during the year up to November 30, which is valid for a period of one year from the date of issue, the Ministry of Labour and Employment said in…
New Delhi: The retail inflation for industrial workers increased to 5.91 per cent in October. In September, the retail inflation for industrial workers stood at 5.62 per cent in September. Food inflation stood at 8.21 per cent as against 7.51 per cent in the previous month and 8.60 per cent during the corresponding month a year ago. The maximum upward pressure in current index came from food and beverages group contributing (+) 1.29 percentage points to the total change, it said. “Year-on-year inflation based on all items stood at 5.91 per cent for October 2020 as compared with 5.62 per…
Washington: HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday. The bank’s senior management aim to present the plan to the board in the coming weeks, the FT reported, citing people familiar with the situation. HSBC said last month it planned to reduce annual costs to below $31 billion by 2022, a more ambitious target than it set out in February and well below the operating expenses of $42.3 billion it reported in…
If you are quite good at academics (no need to be a topper though) and are able to convey your knowledge through written or oral communication, then time to start up with a new venture on online teaching. As schools and colleges have been closed since a long time and the education industry is still figuring out how to reach learning to the masses and classes, let’s innovate with your skills and encourage you to set up your business in EdTech. Take a subject of your choice. Start reading about it and making notes. Then go to YouTube or Facebook…
Mumbai: The bull may continue to dominate the equity markets in the coming days, but the only concern at this point is the “too strong” derivatives data, which may lead to a rapid sell-off in case of a course reversal, a Motilal Oswal Retail Research report suggested. The report said that at current juncture, the market is in bulls grip and dips are getting bought into quickly. Nifty’s derivatives data is also positive and it indicates continuation in ongoing momentum. It, however, said FIIs index futures data signifies they are overbought in the Indian market and any unwinding of longs…
A study says that women are not that good at maintaining wealth as compared to men. And it seems such research has a huge impact on the thinking of the men and the Indian society. No wonder we see men always having a hold over the financial matters and women being asked to follow their responsibilities of a homemaker. Women are sidelined always even while men take the decisions on buying a car or new home or making any type of new investment. If you are a woman reading this and belong to such an outdated family thinking then it…
With India being an attractive destination for foreign funds despite the pandemic, FDI inflow rose 15 per cent during the April-September period to $30 billion. During the same period last fiscal, total FDI inflow stood at $26 billion. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), Mauritius and Singapore were the biggest sources of FDI for India with 29 per cent and 21 per cent contribution respectively. The US, Netherlands and Japan followed with 7 per cent contribution each. Among the sectors, services sector continued to lead with the highest amount of FDI coming…
Commerce and Industry Minister Piyush Goyal on Saturday said that the increase in foreign direct investment (FDI) into India in July-September 2020 to $28.1 billion indicates global investors’ preference for the country’s enabling environment. The FDI during September quarter 2019 stood at $14.06 billion. “Despite COVID, FDI doubles year-on-year upwards arrow. Indicating global investors’ preference for India’s enabling environment under PM @NarendraModi ji, FDI increased from USD 14.06 billion to USD 28.1 billion in the July-September quarter,” he said in a tweet. As per the quarterly fact sheet on foreign direct investment from April-September, FDI in India grew by 15…