Author: Finance Khabar
Hyderabad: After immunity-boosting Ginger, Tulsi and Turmeric variants of milk, Heritage Foods launched ready to drink immunity booster Ashwagandha Milk loaded with Ayurveda properties. Heritage Foods’ Ashwagandha Milk contains herbal extract Withania Somnifera blended with milk, a company release here said on Thursday. Ashwagandha combined with milk is a centuries-old Ayurveda remedy for numerous ailments. Ashwagandha is known for its variety of therapeutic activities and is one of the effective stress busters among Ayurveda Herbs, which ultimately boosts inner strength and immunity. It increases the vitality, combined with various anti-viral effects. The sterilised Homogenised flavoured Toned Milk has a shelf…
New Delhi: With an aim to provide financial services to remote locations Airtel Payments Bank has decided to expand its reach in the eastern state of West Bengal. Airtel money has a network of over 30,000 neighbourhood banking points spread across West Bengal, and plans to expand its banking points in the state by 50 per cent by March 2021, the company said on Wednesday. Now with the help of the Airtel Payments Bank over 12,500 unbanked villages in the state now have access to formal banking services. Over two million customers in these villages now have a savings account…
Moody’s Investor Service has projected (-) 10.6 per cent of India’s growth for the current financial year 2020-21. However, earlier this estimate was -11.5 per cent. Moody’s has changed its estimate because manufacturing and employment generation are being given prominence in India at the moment and focus remains on long term growth. Last week, the central government released a new financial package of 2.7 lakh crore. According to Moody’s, the central government initiative aims to enhance the competitive environment in the manufacturing sector in India and create jobs. This will increase investment and credit availability in the infrastructure in the…
ICICI Bank has launched a completely digital mode of payment at the famous retail stores. The facility is known as ‘ICICI Bank Cardless EMI’ (Equated Monthly Instalments) which enables lakhs of its pre-approved customers to buy their favourite gadgets or home appliances only by making use of their mobile phone and PAN instead of wallet or cards. Interestingly, the Bank has partnered with Pine Labs to provide this facility in retail outlets such as Croma, Reliance Digital, My Jio Stores and Sangeetha Mobiles. At these retail stores, customers can avail the ‘Cardless EMI’ facility to purchase electronics from brands like…
Chennai: With its order book full with trucks and construction equipment, the Indian plants of Swedish automobile major Volvo will be busy till March, said a top official of Volvo Group India. He also said the demand for commercial vehicles -goods carriers – is also picking up for VE Commercial Vehicles Ltd, a Volvo Group and Eicher Motors joint venture. According to Bali, the orders for trucks are mainly from coal mines, heavy construction and for construction equipment from the road construction sector. “There is pent up demand and it is being serviced now,” Bali added. Volvo’s trucks are used…
Apple has been fined $ 113 million (Rs 838.95 crore). The fine is on 33 US States and the District of Columbia charges. The company is accused of slowing down old iPhones to hide battery-related issues, so that users can buy new devices. State officials gave this information. In 2016, Apple calmly updated the models of iPhone 6, 7 and SE so that the chip speed is suppressed and the battery of the device does not send an increase in power to the phone processor and the phone does not stop suddenly. The States argued that Apple acted fraudulently and…
The domestic stock market has also witnessed weakness today amid weak global cues. There was a slight weakness in the market at the beginning of the business, but later the Sensex broke more than 500 points due to increased profit recovery. The Nifty also fell below 12800. In today’s business, the decline in back and financial stocks has been more. The biggest selling was done in public sector banks. The Sensex lost 580 points at the end of trading and closed at 43,599.96. At the same time, the Nifty declined by 180 points and closed at the level of 12758.…
Bangalore: In a sign that electric vehicles are gaining traction in India, AI-driven EMI financing platform ZestMoney on Thursday said that it has seen a 500 per cent month-on-month growth in customers opting for its “Buy Now Pay Later” solution for EVs. The number of EV dealers on ZestMoney’s platform have increased from 300 in July to 4,500 in November, the company said. The demand for electric scooters has increased over the last few months as people want to own a personal vehicle. With Covid-19 and need for social distancing, people are opting for low-cost electric vehicles to meet their…
New Delhi: During a high level review meeting on the progress made so far on the scheme by the Income Tax Department, it was ascertained that total 45,855 declarations have been filed in Form 1 till November 17 and disputed demand covered by these declarations amounts to Rs 31,734 crore. Also, the total disputed amount of the CPSUs being settled under the scheme is Rs 1,00,195 crore, sources said. Finance Ministry Sources said that the IT department decided to adopt a proactive approach for implementation of the scheme by regular monitoring of issue of Form 3 to taxpayers who have…
Applying for a personal loan is no longer a tedious task. Customers can get a personal loan to fund their large purchases and unplanned expenses from the comfort of their home, quickly without any hassle. On fulfilling the basic eligibility parameters prescribed by the lender, customers can get the funds in their account- making it a go-to solution when they need money. Bajaj Finserv, through its lending and investment arm Bajaj Finance Ltd, offers personal loans to customers with a simplified borrowing experience. From instant approval to flexible repayment options, this loan is packed with features that translate into it…
Everyone has financial goals. Some have plans to travel abroad in the next five years while some want to buy a car in the next two years while some want to get their children admitted to a foreign university in the next 10 years. Since these goals have a lot of time to achieve, you have enough time to plan in advance. However, if your expense is quite huge and coming soon, then what you will do for such a thing? Due to the coronavirus pandemic and the economic downturn, interest rates in banks and financial companies are going down…
A huge private non-life insurance company received many calls for group health plans last month. The insurance company got these calls from some schools in Haryana who were looking only to get coronavirus insurance for all their teachers. Coronavirus hospitalization is not a joke and hence, getting teachers insured as the schools are slowly reopening in many states is what the authorities think about. Schools are looking for some guidance from insurance companies to provide COVID-19 specific group insurance as teachers are slowly being a part of the physical classes that are run in many schools in the country. Buying…
If you are wondering how to put your first step into starting a business, you will first need is a great idea. Well, it’s your business, you have to manage its whole growth, and hence if the idea comes from you then nothing like it. In order to come up with a great idea, all you need to understand is which problem is your business solving and what is the unique way to reach out to your target audience. Once you have answers to the above, then the next thing you can think is what is your plan to solve…
New Delhi: The price of the most popular cryptocurrency, bitcoin, grew by 8.6 percent on Wednesday morning, having risen above the $18,000 mark on Binance, one of the largest cryptocurrency exchanges in terms of trading volume, for the first time since December 2017, according to trading data. The last time bitcoin crossed the $18,000 mark was on December 19, 2017. Bitcoin accounts for approximately 66 percent of the entire global cryptocurrency market.
New Delhi: Bharti Airtel has started deploying 4G technology in 900 megahertz band, which it was using for 2G services, across 10 telecom circles to enhance indoor coverage of the high-speed mobile telephony, according to sources involved in the process. The refarming of 900 Mhz spectrum band for 4G services is underway in six circles of Delhi, Kolkata, Andhra Pradesh, North East, Karnataka and Rajasthan. The company will extend the exercise to more circles where it has liberalised spectrum in the 900 Mhz band, one of the sources said. A senior Bharti Airtel executive told that the company has already…
Chennai: The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd, Singapore. The RBI has also placed the Lakshmi Vilas Bank under moratorium for 30 days and superseded its Board owing to serious deterioration in the lender’s financial position. T.N. Manoharan, a former Non-Executive Chairman of Canara Bank, has been appointed as the Administrator of the bank. According to the RBI, DBS Bank, Singapore is a subsidiary of Asia’s leading financial services group, DBS Group Holdings Ltd, and…
Chennai: Mahindra Logistics Ltd, a service provider in supply chain management, has set up a ”Built-to Suit” warehousing capacity in neighbouring Kancheepuram district, the company said on Tuesday. The 3.50 lakh square foot warehousing capacity would allow Mahindra Logistics Ltd to provide ”flexible and scalable” fulfillment and integrated distribution solutions. “We are happy to unveil this Built-to-Suit facility, our largest in Tamil Nadu. This space will cater to two of our key clients in e-commerce and auto-engineering industries”, Mahindra Logistics Ltd MD, Rampraveen Swaminathan said in a company statement. The facility situated in Kancheepuram district is focused on integrated solutions…
Mumbai: British premium motorcycle maker Triumph Motorcycles on Tuesday unveiled globally the latest bike in its Tiger series — Tiger 850 Sport, which is expected to hit the Indian market next year. Developed from the latest generation Tiger platform, the latest motorcycle comes with the perfect combination of dedicated 850 Tiger triple engine set-up, and tailor-made high specification equipment and technology, it said in a release. Currently, Triumph offers a BS-VI compliant range that includes Modern Classic, Adventure and Roadster categories, including the iconic Rocket 3R, the Rocket 3GT and Tiger 900. The new Tiger 850 Sport is powered by…
New Delhi: The Reserve Bank of India (RBI) has placed Laxmi Vilas Bank in the Moratorium on Tuesday. RBI said that he took this decision because he did not have any reliable revival plan. According to the RBI, it has done this in view of protecting the interests of depositors and financial and banking stability. Lakshmi Vilas Bank Limited has been kept in the Moratorium for 30 days. By December 16, the limit of withdrawal of money from the bank has been fixed at 25 thousand rupees. The Reserve Bank said that there has been a sharp decline in the…
Mumbai: The Reserve Bank of India (RBI) has appointed Infosys co-founder Senapathy (Kris) Gopalakrishnan as Chairperson of the RBI Innovation Hub (RBIH). The RBI in its Monetary Policy Statement on Development and Regulatory Policies dated August 6, 2020, had announced that it will set up the RBIH to promote innovation across the financial sector by leveraging on technology and creating an environment which would facilitate and foster innovation. In a statement, RBI said that innovation hub would be guided and managed by a Governing Council (GC) led by a Chairperson. “The Reserve Bank has appointed Senapathy (Kris) Gopalakrishnan, co-founder and…