Author: Finance Khabar
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…
Finance Desk – Having multiple credit cards from the same bank can be beneficial, but it’s important to think carefully before you decide to do this. Benefits of Multiple Credit Cards from the Same Bank: Things to Be Careful About: Tips for Handling Multiple Cards: (Image/Pixabay)
Meerut : Wynk Music, India’s leading music streaming app by downloads and daily active users, todaymade live a unique offer for music fanatics in the country with a never before offer whereusers will get Wynk Premium subscription for Rs 1. The offer is in collaboration with Akshay Kumar, Radhikka Madan starrer “Sarfira” which isinspired by the life of G. R. Gopinath – the Founder of Air Deccan who revolutionizeddomestic air travel. The innovative offer of Wynk Premium subscription @ just Rs 1/-celebrates the idea of affordable air travel that was pioneered by Air Deccan in India. Available only for today…
Meerut : Wi-Fi has become an integral part of our daily lives, shaping how we work, learn and entertain ourselves in our homes. We now need high speed internet at home for smart devices, studying and working. While Airtel Wi-Fi has historically had limited availability, Airtel has worked towards solving this problem and now we have high speed Wi-Fi available at present in 1200+ cities. This means that those of you who were unable to access high-speed internet will now be able to do so. As a mark of this capability, we have now chosen to offer you even more…
Finance Desk – A salary slip, also known as a pay slip, is a document provided by an employer to an employee. It details the employee’s earnings for a specific pay period. The salary slip not only shows the total earnings before any deductions but also breaks down various deductions such as taxes, provident fund contributions, and insurance, leading to the net salary. Importance Of Salary Slip Overall, the salary slip is a financial document for employees, providing a clear and detailed snapshot of their earnings and deductions.
Finance Desk – The Finance Ministry of India is urging private banks to focus more on serving marginalized section. Financial Services Secretary Vivek Joshi led a review meeting on Tuesday with senior executives from private banks to discuss financial inclusion schemes. At the meeting, they examined how financial inclusion initiatives are performing. Including the Pradhan Mantri SVANidhi, Pradhan Mantri Vishwakarma, and Jan Samarth Portal, among others like Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Pradhan Mantri Mudra Yojana (PMMY). Joshi emphasized the strides made in providing social security and broadening financial inclusion through…
Finance Desk – The Indian rupee saw a slight of 2 paise against the US dollar in early trading on Thursday, bringing it to 83.49. This change was influenced by a positive performance in domestic stock markets. However, high crude oil prices have been a concern. In the interbank foreign exchange market, the rupee opened at 83.49, up by 2 paise from its previous close. Despite fluctuations, the rupee’s overall outlook remains positive, according to CR Forex Advisors’ MD, Amit Pabari. The Reserve Bank of India (RBI) is actively working to keep the rupee from falling below 83.70 against the…