Author: Finance Khabar
Finance Desk – Shankar IAS Academy has been fined Rs 5 lakh for making false claims in their advertisements. They said a lot of their students passed the UPSC Civil Service Exam in 2022 after taking their courses. However, they didn’t clearly show which courses these students took. This made it seem like all these students succeeded because of buying their paid courses, which isn’t true. They claimed 336 students passed, but only had details for 333. Many of these students took free or cheaper courses, but the academy didn’t mention this in the ads. This kind of misleading advertising…
Finance Desk – This week, the stock market will see several new companies offering shares to the public, aiming to raise a total of Rs 1,301.32 crore. Gala Precision Engineering: They start their IPO on September 2 and end it on September 4, looking to raise Rs 167.93 crore. Jeyyam Global Foods: This small company’s IPO runs from September 2 to September 4, with plans to raise Rs 81.94 crore. Their share price will be between Rs 59 and Rs 61. Naturewings Holidays: This IPO is up for grabs from September 3 to September 5, aiming to collect Rs 7.03…
Finance Desk – In August 2024, India collected a lot more money from taxes compared to last year. The total money collected from GST, which stands for Goods and Services Tax, was Rs 1,74,962 crore. This is 10% more than what was collected in August 2023, which was Rs 1,59,069 crore. After giving back Rs 24,460 crore as refunds, the actual amount India kept was Rs 1,50,501 crore. This is slightly more, about 6.5%, compared to last year during the same time. From April to August 2024, the total GST collected was Rs 9,13,855 crore, showing a 10.1% increase from…
Finance Desk – In Ghaziabad, a couple lost more than Rs 3 crore to a cyber scam. They were tricked by a fake investment opportunity they found on Facebook. Nabanita Mishra clicked on an advertisement on Facebook that led her to a WhatsApp group. This group claimed to be part of a well-known investment platform. The group leader, named Rajat Chopra, promised big returns from a competition. Nabanita paid a monthly fee of Rs 2,000 for investment advice. She and her husband made 22 different payments to various bank accounts, thinking they were investing in shares and IPOs (Initial Public…
Finance Desk – In August 2024, there will be several days when banks in India are closed because of national holidays and festivals. August 13: Banks in Manipur are closed for Patriot’s Day. August 15: All banks across India will close for Independence Day. August 19: Banks in several states including Tripura, Gujarat, and Uttar Pradesh will be closed for Raksha Bandhan. August 20: Banks in Kerala will be closed for Sree Narayana Guru Jayanthi. August 26: Banks in multiple states like Gujarat, Tamil Nadu, and West Bengal will be closed. These holidays include both national holidays and days that…
Finance Khabar: In today’s digital world, earning money online without spending any money is easier than ever. Whether you want to make extra cash or replace a regular job, there are many opportunities available. Freelancing Freelancing is a popular way to make money online. Websites like Upwork, Fiverr, and Freelancer let you offer your skills in writing, graphic design, programming, and more. Here’s how you can start freelancing: Create a Profile: Share your skills and experience. Bid on Projects: Find projects that fit your skills and apply for them. Deliver Quality Work: Build a good reputation by completing projects on…
Finance Khabar: TVS Motor, a leading company that makes motorcycles and three-wheelers in India, saw its stock price rise by 5.6% today, hitting a new high of Rs 2,618 per share. Key Financial Highlights: Profit Increase: TVS Motor made a profit of Rs 577 crore in the quarter ending June 30, which is 23% more than the same period last year when it made Rs 468 crore. Revenue Growth: The company’s sales revenue grew by 16%, from Rs 7,218 crore last year to Rs 8,376 crore this year. Operating EBITDA: This is a measure of the company’s earnings before certain…
Finance Khabar: C S Setty has been chosen as the new chairman of the State Bank of India (SBI). He will start his new role on August 28, taking over from Dinesh Kumar Khara, who is retiring. Setty will be chairman for three years. Who is C S Setty? Setty started working at SBI in 1988 as a Probationary Officer after completing his college degree in Agriculture. He also has a banking certification from the Indian Institute of Bankers. Throughout his over 35 years at SBI, Setty has worked in various areas including loans, retail banking, digital services, and banking…
Finance Khabar: The government has introduced a new rule for people selling properties that affects how much tax they have to pay on the profit they make, known as long-term capital gains or LTCG. What is Indexation? Indexation is a method used to adjust the buying price of your property to account for inflation over the years. This means if you bought your property a long time ago, its original price is increased on paper to reflect today’s value, reducing the profit you made on paper when you sell it. This helps lower the amount of tax you have to…
Lucknow, August 2, 2024: In a significant step towards combating childhood malnutrition and fostering a healthier India, Amway India, one of the leading companies supporting health and wellbeing, announces the expansion of its distinguished ‘Power of 5’ program to Lucknow in partnership with ChildFund India. After positively impacting lakhs of lives in Haryana, Kolkata, Mumbai, and Chennai, the program now extends its reach to Lucknow. As part of Amway’s steadfast commitment to enhancing health and wellbeing, this initiative targets children, mothers and caregivers with effective nutrition education and interventions. Through this program, Amway India strives not only to improve individual…
Finance Desk – Paying advance tax is an important responsibility for individuals and businesses with significant income. It ensures that you stay compliant with the tax regulations and avoid penalties. If you have paid advance tax and want to check the status or the amount paid, this guide will walk you through the steps. Steps to Check Advance Tax Paid In Form 26AS, navigate to the ‘Part C’ section which shows the details of the advance tax and self-assessment tax paid. By following these steps, you can easily check the advance tax paid and ensure your records are up-to-date. (Image/Pixabay)
Finance Desk – India’s Labour Minister Mansukh Mandaviya recently spoke in Parliament about artificial intelligence (AI) and jobs. He was answering a question from Kalyan Banerjee, a member of the All India Trinamool Congress. Mandaviya said that AI will not cause job losses in India, but will actually create new job opportunities. He explained that in the past, when new technologies like the internet and computers were introduced, people were worried they would lead to fewer jobs. However, these technologies ended up creating more job opportunities instead. He believes the same will be true for AI. Mandaviya also criticized the…
Finance Desk – Paytm, a leading payments company, has introduced a new device called the NFC Card Soundbox. This device helps small shop owners by combining a soundbox with a card payment machine. Here’s how it works: Shop owners can now accept payments when customers tap their credit or debit cards on this device, or when they scan a QR code. This means whether customers want to pay by card or through a QR code scan, they can do it quickly using the same device. The NFC Card Soundbox makes it easier for merchants to receive payments from any app…
Finance Desk – Starting on November 1, 2024, New India Assurance is going to increase the prices of nine of its health insurance plans by 10%. This decision comes because the company is losing more money on these plans and there are new rules from the insurance authority, IRDAI, that they need to follow. This price rise will affect a quarter of all the health insurance plans they offer. It’s important to note that the prices for the company’s main health insurance products will not change. Health insurance is a big part of New India Assurance’s business. After this announcement,…
LG is a brand synonymous with quality and excellence in the smart TV space. What distinguishes LG TV from other brands is that the company offers premium features even in affordable and entry-level 32-inch LED TV models. It incorporates high-quality Full HD panels with Dynamic Colour Enhancer technology, which offers a colour impression that is almost identical to that of the original image. Furthermore, the integration of Dolby Sound offers a complete cinematic experience right in your living room. The latest range of LG 32-inch LED TVs comes with the Alpha series of AI processors. These cutting-edge chips use deep-learning…
Lucknow/Meerut, July 29, 2024: Bharti Airtel (“Airtel”), one of India’s leading telecommunications services providers, today, announced that it has increased its Wi-Fi service to an additional 4 million new households in Uttar Pradesh. With Airtel Wi-Fi, a customer not only gets high-speed reliable wireless internet service but a whole host of other benefits including access to unlimited streaming, 20+ OTT services and over 350+ TV channels. Customers can book Airtel Wi-Fi by placing an order using the Airtel Thanks App or by calling 8130181301. Sovan Mukharjee, CEO, Uttar Pradesh and Uttarakhand, Bharti Airtel,, said, “I am happy to announce that Airtel Wi-Fi has now reached every…
Finance Desk – Today, the prices of gold and silver have decreased in India. Let’s know what the prices are like in different cities on July 24, 2024: Gold Prices: Silver Prices: Changes Over Time: Market Trends: The prices of gold and silver can change due to many reasons such as how much people are buying, changes in money value, interest rates, and what’s happening in the world economy. (Image/Pixabay)
Finance Desk – Personal loans have become a popular financial tool to manage unexpected expenses. However, one common concern is whether you can apply for a personal loan with bad credit. The good news is it is still possible to secure a personal loan while having bad credit. Understanding Bad Credit Credit scores are typically measured on a scale from 300 to 850, with scores below 600 generally considered as bad credit. A low credit score can result from various factors, including late payments, defaults, high credit card balances. Steps to Apply for a Personal Loan with Bad Credit Key…
Finance Desk – Finance Minister Nirmala Sitharaman introduced some new tax rules that affect people who invest in the stock market. These changes caused the stock market to drop because they mean that investors will have to pay more in taxes. Higher Tax on Stock Transactions: People buy or sell stocks, they now have to pay double the tax they used to. This tax is called the Security Transaction Tax (STT). Higher Tax on Short-Term Profits: If you sell your stocks within a year and make a profit, you will now have to pay 20% tax on that profit. This…
Finance Desk – Finance Minister Nirmala Sitharaman announced several important plans in the 2024 budget to help people get homes, improve villages, and support women and areas affected by natural disasters. The government will spend ₹10 lakh crore to build houses in cities for 1 crore families who don’t earn a lot or are from the middle class. ₹2.66 lakh crore will be used to make rural areas better, like building roads and other important structures. The budget sets aside over ₹3 lakh crore for programs that help women and girls. The government will start a new phase of the…