Author: Finance Khabar
Insurance is required to get the important financial security for your future. If you have been postponing the plans of buying an insurance product, then here is some advice for you. Check out the kind of coverage you require first – is it health, car, home, accident insurance? Depending on your requirement, select the insurance product with the right price so that you can get the right financial benefit at the appropriate time when you have to file the claim. Get in touch with an insurance agent who can provide you discounts for paying your policy in full amount, getting…
Taking a loan is not a joke and involves lot of procedures. Due to the coronavirus pandemic, the Indian economy is anyways going through a downturn. In this scenario as we are heading to welcome the New year in some days, you need to be extra careful if you are planning to take a loan in the coming days. A personal loan has to be taken only after understanding if you can pay your monthly expenses with your monthly income or not. Research the fintech company or bank very well before applying for a loan. Many advertise their loan offerings…
Amazon’s global Senior Vice President and India country head Amit Agarwal in a media interaction shared how the company has given jobs to almost one lakh workers in India. He said that Indian talent is a part of almost every offering of Amazon and involved in the many technology teams based in Bengaluru. Bengaluru’s office of amazon has the brightest and most talented IT professionals who bring on the table their unique dynamism, resourcefulness, and inventiveness. He also mentioned how e-commerce is bridging the gap between local and global products and businesses and that his company aims to reach out…
Not everyone knows how to manage their finances well. Money management doesn’t come naturally for many and has to be learned by consulting with experts or people who are already doing the same quite well. If you are someone who doesn’t know how and where to spend money then don’t start your month without a budget. Having a budget will help you understand better about where your money is being spent and what expenses are affecting your pocket. If you are the one who is careless about the increasing debts and not putting clearing your debts a priority then you…
JJ Tax App wins ‘Best Fintech Solutions Of The Year’ awardApp receives overwhelming response of more than 30,000 downloads within 6 months of launch JJ Tax App, an award-winning chat-based app launched by aspiring CAs in May 2020, surpassed its initial milestone by reaching 30,000 subscribers in less than 6 months since its launch. The company is also carrying out a rights issue of 30 million, which will help in strengthening the company’s financial position. Amidst the mammoth popularity and success of this app, PE funding of $100 million is expected by the end of this year. Executive Director Leesha…
Mumbai: In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the RBI has imposed monetary penalty on these entities for non-compliance of regulatory guidelines, it said in a release. Except Punjab National Bank (PNB), the remaining five entities are non-bank prepaid payment instrument (PPI) issuers. RBI imposes the penalty on Sodexo SVC India Pvt Ltd, Muthoot Vehicle & Asset Finance Ltd, QwikCilver Solutions Pvt Ltd, Phonepe Pvt Ltd, Delhi Metro Rail Corporation Ltd, and Punjab National Bank, said the release. Sodexo is slapped with the highest fine of Rs 2 crore; PNB and…
Chennai: In a BSE filing, the Hinduja Group company said VBCL is a 100 per cent subsidiary and the initial capital of Rs 60 crore was fully infused by the company at par of Rs 10 each per share. VBCL has been incorporated to carry on the business of bus body and coach-building, the filing said. In another notification, Ashok Leyland said its shareholding in Optare PLC, the United Kingdom, has come down to 91.63 per cent from 99.24 per cent following the conversion of loans by Hinduja Automotive Ltd into equity shares in Optare PLC. “We wish to inform…
New Delhi: The Rs 24,713 crore deal that would boost Reliance Industries’ fast growing retail business was announced in August. In a tweet on Friday, the regulator said it has approved “acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited”. Deals beyond a certain threshold require approval of the Competition Commission of India (CCI), which keeps a tab on unfair business practices across sectors. As per the notice submitted to the CCI, there are at least seven target entities. They are Future Enterprises, Future Consumer Ltd,…
New Delhi: The company said it delivered 4,000 units of the car to customers during the festive season. HMIL Director (Sales, Marketing & Service) Tarun Garg said,”We have received an overwhelming response to the all-new i20 with 20,000 bookings in 20 days and more than 4,000 customers having taken delivery of this latest blockbuster product from us during Diwali season.” More than 85 per cent customers have opted for Sportz and above trims, showcasing a strong demand for advanced technologies offered on the all-new i20, he added. Garg said nearly 45 per cent customers preferred variants enabled with the company’s…
New Delhi: OneWeb, the Low Earth Orbit (LEO) broadband satellite communications firm, also announced new management with telecom czar Sunil Mittal at the helm as Executive Chairman. The UK government and Bharti Global are the new owners of OneWeb. Bharti Global — an overseas arm of Bharti — operates out of London and has investments in telecom, technology, hospitality, transportation and energy. “This is a telecom network in space,” Mittal, Founder and Chairman of Bharti Enterprises told PTI while terming the constellation of LEO satellites as a “game-changer”. Mittal said OneWeb is eyeing a full global coverage, including India market,…
Business payments startup EnKash has introduced a new product to ensure that payments are better simplified for businesses having various retail outlets or branches. The startup company has come up with a latest business prepaid card which will provide the head office of the business to financially control the whole business in a centralized manner. The idea will also give access to branch offices to financially transact with the help of their own prepaid cards. EnKash’s clients include corporate organizations and provides them with credit cards to keep a track on their daily transactions and expenses. The interesting move will…
We don’t live in the olden times when we needed to visit hospitals or take medical intervention only after the age of 50 or 60 years. Times have changed and you need medical help right from the day you are born nowadays because anything can happen at any point of time in life and one should be always prepared. Personal accident insurance policy is all about making sure you and your family are safe and financially covered from the medical risks and its impact that can affect your savings and long-term investments. Accidental disability is said to make anyone go…
Mumbai: An internal working group set up by the RBI has proposed to raise the cap on promoters’ stake in private banks from the current 15 per cent to 26 per cent in 15 years. The group has also recommended that large corporate or industrial houses may be allowed as promoters of banks only after amendments to the Banking Regulation Act and strengthening of the supervisory mechanism for conglomerates, including consolidated supervision. The Reserve Bank of India had constituted the internal working group (IWG) on June 12, 2020, to review extant ownership guidelines and corporate structure for Indian private sector…
New Delhi: The Sahara group has alleged that markets regulator is “acting biased” and is raising a “wrong demand” asking Sahara group to pay Rs 62,600 crore or $8.48 billion. “It is absolutely wrong demand by SEBI. Hon’ble Supreme court has in the past directed us to deposit the principal amount which is around Rs 24,700 Crore and already there are more than Rs. 22,000 Crore deposited. SEBI has mischievously added 15% interest from the beginning so they are very wrongfully mentioning $8.48 billion,” Sahara said in a statement. “In fact SEBI had advertised throughout the country through around 150…
If you are a freelancer who has registered yourself to get work assignments from online portals such as content writing, graphic designing, translation, etc., here is an important piece of information for you. As per a new report, e-commerce operators are required to pay you for your services after deducting tax at 1% under the latest section 194-O. As per the announcement made in the Union Budget 2020, the new section 194-O has started to come into effect from 1 October 2020. So in case you are seller of your products or services through e-commerce platforms, you are entitled to…
Chennai: “LVB has about 20 lakh depositors and lakhs of borrowers. It has 563 branches, about 970 ATMs and about 4,000 staff. These are being offered to DBS Bank India free of cost on a platter. It took 94 years to build LVB to this level. All that DBS Bank has to do now is to change the name and command an extensive presence across the country at the cost of retail shareholders,” said K. Ravindrakumar, former Director of LVB. “It’s really not easy to value the time and efforts; however, today every bank branch is valued at Rs 10…
New Delhi: Shares of FireEye jumped nearly 10 per cent in late trading on Thursday. Blackstone will be joined by ClearSky, a cyber security-focused investment firm, as a co-investor in the transaction. “Blackstone and ClearSky have a track record of developing and supporting industry-leading cyber security companies. Their investment validates our vision and provides financial, operational and leadership resources to accelerate our strategy,” said Kevin Mandia, FireEye chief executive officer. FireEye said it intends to use the funds to support strategic growth initiatives. In a separate statement, FireEye announced it will acquire security startup Respond Software for $186 million in…
The U.S. is expected to soon release the results of its analysis into the decisions of Austria, Italy and India to tax local revenue of the largest internet companies such as Facebook Inc. This may or may not lead to similar tariffs over digital tax from the other internet companies, says a report. Other countries where such decisions will be taken are are Brazil, the Czech Republic, Indonesia, Spain, Turkey, the U.K. and the European Union bloc. According to the report, Spain and the Czech Republic will begin collecting the digital-services tax in January next year.
Today, the domestic stock market has seen a boom again amid mixed global signals. The Nifty once again crossed 12850 in business. Sensex is also moving towards 44000. However, the big fall in RIL has reduced the market’s momentum today. Bank and IT shares have seen strong growth in the business. At the end of trading, the Sensex has gained 282 points and has closed at the level of 43882. At the same time, the Nifty has also closed at the level of 12859 after gaining 87 points. In today’s business, there has been good shopping in the market. There…
Banking business mainly includes accepting deposits and lending. Bank pays a certain amount of interest to people who deposit money in the bank. On lending, bank charges a certain amount of interest at a particular rate. The interest is paid at specific intervals or after the loan period ends. The interest is calculated as per the agreement terms between the bank and the customers. At times, it happens that a customer wants to pay a part of interest along with the principal amount. Whereas other times, if the customer wants to pay the principal in specific installments then the interest’s…