Author: Finance Khabar
New Delhi: The Delhi government has exempted battery-powered vehicles from road tax under its new electric vehicle policy. This information has been given by Transport Minister of Delhi Kailash Gehlot. With the move of Delhi government, it will be cheaper to drive electric car, two wheeler, three wheeler in the capital. The Transport Department of Delhi issued a notification in this regard on Saturday. It states that the NCT-Lt Governor of Delhi has removed the road tax on all electric-powered electric vehicles with immediate effect. Gehlot said in a tweet, ‘Congratulations to the people of Delhi! As promised by Delhi…
New Delhi: The global PC market climbed 12.7 per cent from a year ago to reach 79.2 million units in the third quarter of this year, registering the highest growth the market has seen in the past 10 years, according to the latest report from Canalys. After a weak Q1, the recovery in Q2 continued into Q3 this year in which Lenovo regained the top spot, showed data released by the analyst company. Global notebook shipments touched 64 million units — almost as much as the record high of Q4 2011 when notebook shipments were 64.6 million — as demand…
New Delhi: The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue of funding the shortfall of Goods and Services Tax (GST) revenue of states. While some opposition ruled states are demanding that a Group of Ministers be set up to arrive at a decision on the mechanism for funding compensation shortfall, BJP ruled states, which have already opted for the borrowing option given by the Centre, are of the view that they should be given a go ahead so that they can get…
New Delhi: Between 2015-16 and 2019-20, digital payments have grown at a compounded annual growth rate of 55.1 per cent – from 593.61 crore in the year to March 2016 to 3,434.56 crore in the year to March 2020. In absolute terms, value has grown from Rs 920.38 lakh crore to Rs 1,623.05 lakh crore during this period, clipping at an annual compounded rate of 15.2 per cent. Giving a year-wise data, in 2016-17 digital payments jumped to 969.12 crore from 593.61 crore in the previous year in volume terms, while in value the same rose to Rs 1,120.99 lakh…
New Delhi: Though it began on-boarding new manufacturers directly as sellers from January, majority of the sign-ups have taken place in the September quarter, the official said, thanks to the lockdowns and the resultant shift in consumer behaviour. It can be noted that every online seller/service provider has benefited from the lockdowns. Adding new sellers will help the e-tailer to ramp up its Diwali sales plans as direct shipment to buyers help manufacturers move stocks faster to customers. The leading value-focused marketplace has over 5 lakh registered sellers and over 70 million visitors every month who can buy from over…
New Delhi:The data released by the Reserve Bank on India’s Monetary Policy Report for October 2020 showed a 28 per cent increase in the fund raising through public and rights of issue of equities to Rs 76,830 crore during the first half of the financial year 2020-21. During the same period last year, last fiscal, funds worth Rs 60,133 crore were raised through issue of equity shares. “Resource mobilisation through public and rights issues of equity increased to Rs 76,830 crore during H1 2020-21 from Rs 60,133 crore in the corresponding period of the previous year,” said the Monetary Policy…
New Delhi: Accordingly, the pandemic-battered airline is in fact going ahead with the planned induction of 5 fully-owned aircraft which will bring down the average fleet age to around three years. In terms of passenger growth, the company conceded that despite directional imbalance in traffic, the trend is getting more evened out with the emergence of metro-to-metro demand. Not responding to speculation but affirming passengers’ belief in the brand, Sunil Bhaskaran, CEO and MD, AirAsia India, told IANS: “So far as the air traffic is concerned, it has been highly directional between metro and non-metro cities, though we are now…
New Delhi: Vedanta’s delisting offer is deemed to have failed in terms of the delisting regulations, the company announced. Vedanta said that 125.47 crore shares were validly tendered by public shareholders. The reverse book building process for public shareholders had concluded on Friday. For successful delisting of the shares, 134.12 crore shares needed to have been validly tendered for the promoter shareholding to cross the 90% shareholding. Accordingly, the acquirers will not acquire any equity shares tendered by the public shareholders in the delisting offer and the equity shares will continue to remain listed on the stock exchanges, the Vedanta…
New Delhi: Stating that the December quarter growth could outperform the expansion logged in the corresponding quarter a year ago, Mistry said that the Indian economy has shown its resiliency. Benign interest rate regime will continue going forward and that rates will go up only after economic activity gathers more pace and inflation pressure rises, Mistry, vice chairman and CEO, HDFC Ltd, said at an online dialogue organised by the All India Management Association (AIMA). He, however, said that interest rates have bottomed out. The government should identify the job creating sectors and address their issues on priority, AIMA said…
Microsoft Corporation has joined the tech companies, which will allow some of their employees to work permanently from work if they wish. The software company has set up a hybrid workplace for employees, which will give them more flexibility when offices reopen in the US. The company has given this information in the company’s blog post on Friday. Microsoft said that it is allowing any of its employees to do work from home for more than 50 percent of their time at their will and this is for all the roles that have become standard. Those who want to work…
New Delhi: In a statement, a Railway Ministry spokesperson said that the representatives of Society of Indian Automobile Manufacturers (SIAM), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, the Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), were all part of the meeting. The spokesperson said that the industry players lauded the initiative and committed to work in partnership with Railways to facilitate transportation of automobiles through the national transporter. According to the railway ministry, Railways is attaining new heights in transportation of automobiles. It said that the total loading of…
New Delhi:Centre told the Supreme Court that “it’s not possible to give more relief to different sectors” amid the novel coronavirus pandemic, stressing that the “courts should not interfere in fiscal policy”. The centre’s response came days after the court has said that the government’s last week affidavit on waiving “interest on interest” on loans of up to Rs 2 crore was “not satisfactory”. The amount was frozen by the Reserve Bank of India (RBI) in a six-month moratorium granted because of the coronavirus pandemic. “Policy is the domain of the government and court should not go into sector-specific financial…
Mumbai: E commerce marketplace Flipkart on Saturday brought back its paid internship programme Launchpad for undergraduate students from tier-II cities and beyond to work in its supply chain ahead of the festive season and the Big Billion Days sale. The company said that the 45-day internship is aimed at helping students gain critical skills in supply chain management and create an ecosystem of trained professionals for the e-commerce industry. Over 2,000 students participated in the internship programme last year. Flipkart said it is working with educational institutes across 21 locations including Binola (Haryana), Bhiwandi (Maharashtra), Uluberia and Dankuni (West Bengal)…
New Delhi: The CBI has accused HDIL promoters Rakesh Wadhawan, Sarang Wadhawan, auditors and other directors in the Rs 200 crore fraud case with Yes Bank. The CBI first registered a case in this case and carried out the raid on the Mumbai home of Rakesh Wadhavan and his son Sarang Wadhawan. Apart from his house, the raids were conducted by the CBI at 9 different places in Mumbai. It also includes two offices of HDIL. Explain that Yes Bank had given loan to Mack Star. HDIL has a minority stake in Mack Star, and a fraud of 200 crores…
New Delhi: The craze of Indians towards gold is not hidden from anyone, but its brightness has increased in the Corona era. Investors are turning to gold once again due to huge turmoil in the stock markets and reduced interest rates on FD and small savings schemes. This is the reason that its price is creating new records. If you want to buy cheap gold then you have a golden chance. The government is going to issue the seventh series under the Sovereign Gold Bond Scheme. The subscription for the seventh series of Sovereign Gold Bonds starts from October 12…
Bangalore: Motorola on Friday partnered with e-commerce marketplace Flipkart to launch its global-first range of smart home appliances for Indian consumers. Available from October 15, during Flipkart’s the Big Billion Days sale event, the product range comprises smart refrigerators starting at Rs 51,990, smart air-conditioners starting at Rs 32,999, and smart washing machines starting at Rs 23,499. The new suite of products will also include the first Android 10.0 smart TV in India — Motorola Revou Series and Motorola ZX2 Series, at a starting price of Rs 13,999 — making the collection a part of this year’s “The Big Billion…
San Francisco: Microsoft is giving option to its employees to work from home permanently, according to an internal hybrid workplace guidance, The Verge reported on Friday. Microsoft will allow employees to work from home freely for less than 50 per cent of their working week, or for managers to approve permanent remote work. “Employees will also be allowed to relocate domestically with approval, or even seek to move internationally if remote working is viable for their particular role,” the report said, citing the guideline. Microsoft is not alone in sending employees home. Facebook is shifting tens of thousand of jobs…
Enjoy exclusive deals on Huawei devices during the Flipkart Big Billion Days 2020. Sale starts from October 16th and concludes on October 21st 2020New and exciting offers will be available on Huawei Wearables and tabletsduring the Sale New Delhi: Get the most out of this festive season. Exciting deals and offers on Huawei’s Wearable Devices and Tablets, starting October 16th to 21st , 2020, on the ‘Flipkart Big Billion Days 2020’. Huawei India today announced a fantastic line-up of offers and discounts, on the Huawei Watch GT 2, Huawei Watch GT 2e, Huawei Band 4 and Huawei MediaPad M5 lite…
New Delhi: There is going to be a big change in the e-invoicing system of GST. From January 1 next year, this system will also be necessary for all those businesses whose turnover for B2B business transactions is above 100 crores. Finance Secretary Ajay Bhushan Pandey said that the e-invoicing system would ultimately benefit small businesses and Micro, Small and Medium Enterprises (MSMEs) running from the current GST return filing system. Under Goods and Services Tax (GST) Act, e-invoicing has been made mandatory for companies with more than 500 crore turnover for B2B transactions from 1 October. Revenue Secretary and…
After the announcement on the interest rates of the Reserve Bank Monetary Policy Committee, there has been a sharp rise in the stock market. RBI has not made any change in interest rates. It was decided to keep the repo rate at 4 percent. At the same time, liquidity was also announced in the system. After which, especially in bank shares, there has been a great boom. The rally in bank shares has given good support to the stock market. Nifty today crossed 11900. The Sensex gained 327 points and closed at 40,509.49. At the same time, the Nifty also…