Author: Finance Khabar
Ubaidullah Nasir Union Finance Minister Nirmala Sitaraman had announced a package of stimulus for festive season in an attempt to stir the economy from present crisis. She has offered incentives to consumers to spend more that will create more demand that will naturally result in more production and subsequently more jobs. Economists from the day one have been suggesting the government to give more cash in the hands of public so that their purchasing power is increased and the wheel of economy will move. Congress leader Rahul Gandhi after discussing the issue from reputed economists had also been suggesting the…
• Many new exterior and interior highlights over the regular Seltos, including an increase in length by 60mm• Special edition Kia Seltos based on HTX trim will only be available for limited stock of 6,000 units• Available in one monotone and three dual-tone colour schemes including a new colour Gravity Grey with Aurora Black Pearl New Delhi: Kia Motors India, a wholly owned subsidiary of Kia Motors Corporation, today launched the Kia Seltos Anniversary Edition to celebrate its one-year milestone in the country. The limited edition Kia Seltos will be available exclusively in the HTX trim starting at an exciting…
Mumbai: The equity market got a brake on Thursday, as the BSE Sensex tanked by 1066.33 pts to settle at 39,728.41 snapping a winning streak of last ten straight sessions, on heavy selling witness across the board amid weak global cues. The nifty of national stock exchange too dropped by 290.70 pts at 11,680.35. The Sensex advanced by 254 pts to open at 41,048 which remained the days high. Later, it was plummeted nearly 1127 pts to 39,667.47, days low, before closing at 39,728.41, down by 1066.33 pts from its previous close. The sensex registered days high and low at…
Hyderabad: SLG Hospitals, in collaboration with FICCI, Hyderabad Chapter organised a webinar titled: ‘Mind v/s Machine: AI in Healthcare – Increasing Use of Technology in Medicine – Boon or Bane?’ The eminent panel comprised of senior Doctors and senior level Managers representing healthcare equipment and technology companies. It included DVS Somaraju – Executive Director, SLG Hospitals, Dr. V Jagan Mohan Reddy – Orthopaedic Surgeon, Dr.PradeepPanigrahi–GI & Laparoscopic Surgeon and Medical Director at SLG Hospitals, Karan Verma – Head, Healthcare Digital Solutions, Wipro GE Healthcareand MerveAygit – OIS Business Line Director, TIMEA, Elekta. Artificial Intelligence is significantly impacting our society and…
New Delhi: Chief Economist Adviser (CEA) Krishnamurthy Subramanian said on Wednesday that the Insolvency and Bankruptcy Code (IBC) is an evolving process and there is scope for the framework to become more efficient. Speaking at a webinar on ‘Investment Opportunities in Stressed Assets in India’, organised by FICCI, Subramanian noted that the ecosystem of creative destruction is a very important part of any economy. He said the exit process for businesses was not enabled well in India before the IBC. He added that there are some market failures in India in the “creative destruction” process. “The IBC is an evolving…
New Delhi: Leading private life insurer Bharti AXA Life Insurance has sharpened its focus on the pure protection segment with the launch of a feature-rich protection solution – Bharti AXA Life Premier Protect Plan – that offers life cover, the option of increasing protection at different life milestones and various death benefit payout options. Bharti AXA Life Premier Protect Plan is a pure risk premium life insurance scheme which provides the policyholder with financial protection and security for his/her family’s financial future at an affordable premium. “As a customer-centric organization, we designed this innovative insurance solution to give our customers…
Mumbai: Panasonic India, a leading diversified technology company, launched an awareness campaign, #DiwaliWaliSafai on responsible disposal of E-waste. Marking the International E-Waste Day, the campaign encourages consumers to be more responsible this Diwali with their cleaning by giving their old unused electronic devices for recycling. Diwali, being one of the biggest festivals in India involves a lot of customs and practices; be it lighting diyas, playing cards, cooking delicious meals or replacing old items with new ones. And among these rituals is that of cleaning, an important and common practice in every household. #DiwaliWaliSafai by Panasonic is an endeavor to…
Mumbai: Rallying for the 10th straight session, equity benchmark Sensex ended 169 points higher on Wednesday, led by gains in financial stocks amid largely positive cues from global markets. The 30-share BSE index opened on a weak note and gyrated over 600 points during the day. However, it gained ground in the last hour of the session to finish at 40,794.74, up 169.23 points or 0.42 per cent. Similarly, the broader NSE Nifty rose 36.55 points or 0.31 per cent to 11,971.05. Bajaj Finserv was the top gainer in the Sensex pack, rising around 4 per cent, followed by Bajaj…
It may take some time to recover from the shock to the Indian economy due to Corona epidemic. According to the recent Economic Outlook report of the International Monetary Fund (IMF), the same picture is coming out. According to this IMF report, in this calendar year 2020 (January to December), India per capita GDP will fall to even below Bangladesh. This would be due to the bad effect of the lockdown. According to the IMF report, India’s Per Capita GDP may fall by 10.3 per cent this year, while in Bangladesh this figure will not fall. The IMF believes that…
Mumbai: Car major, Hyundai Motor India Ltd announced a celebratory 9-day Navratri Car Care Camp from October 14 to 22 with special service offers for happy Hyundai customers. Commenting on the launch of the Camp, Mr. Tarun Garg, Director (Sales, Marketing &Service), Hyundai Motor India Ltd. said, “Hyundai being a lifetime partner to its customers is committed to continuously introduce service initiatives for best ownership experience. With the upcoming festive season, we wish to celebrate and connect with our customers through few of these innovative initiatives thereby giving quality time for a happy life.” The new camp will include offers…
New Delhi: The immediate impact of the development in China is that Indian steel prices have also firmed up and has shown consistent increase over last four months since July when unlock phases of the economy became more pronounced. Steel trade data released by China suggests demand remains strong there with net steel exports declining to 10 year lows in September 2020. Moreover, high passenger car sales in September 20 20 confirm strong end user demand for steel in China. China’s domestic steel prices are also on the rise again post the National Holidays that ended last week. “With strong…
New Delhi: Retirement fund body EPFO has launched a WhatsApp helpline service for the speedy redressal of grievances of its subscribes, the labour ministry said on Tuesday. This facility is in addition to various other means of grievance redressal forums of EPFO which include EPFiGMS portal, CPGRAMS, social media platforms (Facebook & Twitter) and a dedicated 24×7 call centre. “To further enhance ease of living experience for its members, Employees’ Provident Fund Organisation (EPFO) has now launched a WhatsApp based helpline-cum-grievance redressal mechanism, under its series of Nirbadh initiatives aimed at ensuring seamless and uninterrupted service delivery to subscribers during…
Kolkata: Tata Chemicals, a leading sustainable and science-led chemistry solutions company, has been conferred with the 3rd position and two Gold level awards for its ‘Limestone Undersize Reduction’ and ‘Improve Effluent Solid Utilisation’ project case studies at the 14th edition of the CII National Six Sigma Competition 2020. This recognises Tata Chemicals’ efforts and commitment towards setting a clear path for long term sustainability and maximising stakeholder value through its projects. This year’s Competition comprised of two sectors, manufacturing and services. Under manufacturing, Tata Chemicals stood third for ‘Limestone Undersize Reduction’ project case study, in the ‘Improvement projects in Manufacturing…
Bengaluru: The IT services major Wipro Ltd has posted a net profit of Rs 2465.7 crore, a 3.4 per cent decline, for the quarter ended September 30. In a company’s statement issued here, it was stated that the governing body of the company, which had vetted accounts, had also approved a proposal to a buyback plan up to Rs 9500 crore at Rs 400 per share. Under the buyback plan, over 23.75 crore equity shares would be taken back for a price of Rs 400 per share, after securing shareholders approval through postal ballot. Accounts for about 4.16 per cent…
Mumbai: Pune-based energy distribution startup, Repos Energy, on Tuesday announced aggressive growth strategy for the last quarter of this year, which include attracting series A funding of USD 30 million and to add over 1,000 mobile petrol pumps under the brand pan India. The Ratan Tata-backed company plans to sell high-speed diesel through 1,024 Repos Mobile Petrol Pumps (RMPP) by December 2020. While, on the investment front. they are actively seeking like-minded investors and strategic partners to close their Series A funding of USD 30 million by December end, an official release said here.
Kolkata: Paytm, India’s leading payment gateway service provider today announced the launch of same-day settlement facility for all kinds of fund transfers on its payment gateway. This will help business partners to settle money transfers anytime in their bank account on the same day of receiving payment, without waiting for the next day. Paytm’s new same-day settlement feature will help businesses that depend upon immediate availability of funds to pay down-stream partners. This includes e-commerce companies, government institutions, and all businesses involving inventories, especially those involved in day to day trading who depend heavily on cash procurements. The feature can…
Wide range of 1000+ offers across 2000 cities to create customer delightExclusive credit card partner for Flipkart`s ‘The Big Billion Days’ shopping festival in Oct’20300+ National offers; 700+ Regional & Hyperlocal offers; 900+ offers in storeCustomers can avail EMI facility at 84500 merchants & 1.3 Lakh+ stores Meerut: SBI Card, India’s largest pure play credit card issuer, is all set to add to the festive cheer of its cardholders this festive season. With 1000+ offers across 2000 cities, specially curated to meet the changing trends and consumer preferences, SBI Card endeavors to bring customers a rewarding shopping experience on their…
A non-linked, non-participating, term insurance policy, designed to secure the certainties of life for your loved ones IndiaFirst Life Insurance Company Limited (IndiaFirst Life), promoted by Bank of Baroda and Union Bank of India, today announced the launch of IndiaFirst Life Guaranteed Protection Plan. This non-linked, non-participating, term insurance policy is designed to secure the certainties of life by promising your loved ones a financially secured and fulfilled future. IndiaFirst Life Guaranteed Protection Plan is a comprehensive product offering seven plan options. Customers can select any of the options as per their requirement. This term insurance policy has been specifically…
New Delhi: India and Mexico agreed to expand and diversify the bilateral trade relationship to tap the potential of the complementarities between the two countries through enhanced cooperation in pharmaceuticals, medical equipment, healthcare, agro-products, fisheries, food processing and aerospace industry. The fifth meeting of the India-Mexico Bilateral High Level Group on Trade, Investment and Cooperation (BHLG) was held on Monday through video conference. The two sides appreciated the progress made in the bilateral trade and commercial relations between India and Mexico in the recent years, according to an official statement here on Tuesday. The meeting was co-chaired by Commerce Secretary…
Mumbai: SBM Bank India has opened its seventh branch in India at Galtare, Palghar district, Maharashtra. Located in the vicinity of ISKCON Govardhan Ecovillage, the Palghar Branch will offer all essential amenities as a full-service branch through a minimal environmental footprint. This is the first ever branch in India to be designed inside a container – highlighting the innovation at SBM Bank India. The branch was inaugurated by Mr Gauranga Das, Director – Govardhan Ecovillage in presence of key leaders from the Bank. Inaugurating the new branch, Sidharth Rath, MD & CEO, SBM Bank India, said, “Banking at SBM Bank…