Author: Finance Khabar
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…
Finance Desk – Truecaller, a company that helps identify who is calling you, has appointed Rishit Jhunjhunwala as its new boss. He will start his new job on January 9. Rishit has been working with Truecaller since 2015 and is currently in charge of the company’s products and operations in India. This announcement comes as the company’s founders, Alan Mamedi and Nami Zarringhalam, plan to stop handling daily tasks by mid-2025 to focus more on big-picture strategies from their positions on the board. Rishit has been important to Truecaller, starting as the head of products in 2015, becoming the chief…
Finance Desk – The government’s Enforcement Directorate (ED) searched 19 places linked to some big sellers on Amazon and Flipkart in cities like Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula. They are checking if these sellers broke rules about foreign companies in India. The searches are part of an investigation that began because of complaints that Amazon and Flipkart were not following foreign investment rules. These companies are accused of setting unfair prices and favoring some sellers over others, which could harm other sellers and small shops. The ED focused on the sellers using these platforms, not the offices of Amazon…
Finance Desk – This list encompasses all Sundays as well as the second and fourth Saturdays. November 1 (Friday) – Banks in several states like Tripura, Karnataka, and Maharashtra will be closed for festivals like Deepavali and Kannada Rajyotsava. November 2 (Saturday) – Banks in Gujarat, Maharashtra, Karnataka, and a few other states will close for Diwali celebrations. November 3 (Sunday) – All banks across India will be closed as it’s a Sunday. November 7 (Thursday) – Banks in Bengal, Bihar, and Jharkhand will be closed due to Chhath Puja. November 8 (Friday) – Banks in Bihar, Jharkhand, and Meghalaya…
Finance Desk – Sagility India, a healthcare services company in Bengaluru, is about to start its public stock sale, known as an IPO, on November 5. Before this sale, its parent company sold shares for ₹366 crore to prepare for the IPO. They sold these shares at ₹30 each, which is the maximum price they hope to get when the IPO starts. They’re looking to raise ₹2,107 crore in total from this IPO. Here’s the plan: The IPO is just selling shares that already exist, not creating new ones. This means the original owners are selling some of their shares…
Free of cost solution with automatic activation for Airtel customers on all devices Meerut : Bharti Airtel through its AI-powered spam detection solution has given much-needed relief to its customers in Uttar Pradesh. In the last 7 days since its launch, the system, a first-of-its-kind solution by a telecom service provider, has been able to successfully identify potential 112 million spam calls and 6 lakh spam SMS in Uttar Pradesh. The solution, which is free of cost, has been auto activated for all Airtel customers without them having to raise a service request or download an app. Commenting on the…
AI solution processes 1 trillion records on a real time basis. Flags 100 million spam calls and 3 million SMSes every day New Delhi, September 25, 2024: In a pioneering move to curb the country’s spam menace, Bharti Airtel (“Airtel”), today, launched India’s first network-based, AI-powered spam detection solution that will significantly solve the issue of spam calls and messages for its customers. A first-of-its-kind solution by a telecom service provider in the country, the tool will alert customers in real-time to all suspected spam calls and SMSes. The solution is free of cost and will get auto-activated for all Airtel customers…