Author: Finance Khabar
Mumbai: Shares of Tata Consultancy Services (TCS) on Thursday closed with over 3 per cent gains after the company announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. The stock closed at Rs 2,824.80, up 3.19 per cent on the BSE. During the day, it rose by 5.39 per cent to Rs 2,885 — its record high. On the NSE, it jumped 3.02 per cent to close at Rs 2,818.45. The company’s market valuation also rose by Rs 32,796.63 crore to Rs 10,59,973.63 crore on the BSE. In traded volume terms, 6.93 lakh shares were traded…
Over 93,500 data science jobs were vacant in India at the end of August 2020, a study conducted by EdTech company Great Learning said. Despite COVID 19, the enthusiasm and optimism around the analytics function continues to remain high with India contributing 9.8 per cent of the total global analytics job openings in August 2020 compared to 7.2 per cent in January this year, it said. While the sector did witness a decrease in vacancies (from 109,000 vacancies in February to 82,500 vacancies in May 2020), the demand has continued to be fairly consistent across key industry sectors. The factors…
The Central Committee on Economic Affairs has approved Natural Gas Marketing Reforms today. The decision taken under the chairmanship of Prime Minister Narendra Modi is an important step towards a gas-based economy. The goal of this policy of the government is to follow a transparent and competitive process to determine the prices of gas sales. Under this policy, prices will be fixed in a transparent manner through e-bidding and business convenience will increase with the introduction of this policy. The new guidelines will apply to gas producing companies and will apply to the prices and marketing of gas coming out…
Consolidated net profit of Tata Consultancy Services (TCS) rose 4.9 per cent to Rs 8,433 crore in the July-September quarter. This increase is on an annual basis. This profit does not include the provision of Rs 1218 crore made for a legal claim. If you add this amount, the company’s net profit in the September quarter is Rs 7475 crore, which is a 6.7 percent growth on a quarterly basis. TCS reported a net profit of Rs 8042 crore in the September 2019 quarter. The company’s revenue also registered an increase in the September 2020 quarter and it grew 3…
Axis Mutual Fund’s investor awareness campaign aims to educate investors about the benefits and importance of a Systematic Investment Plan (SIP) to fulfill all their financial goals – big & small – https://www.youtube.com/watch?v=zXvqgm-ui_YFurthermore, the fund house has revamped its mobile application to enable a seamless experience for the consumers who are investing through the appFrom April 2020 onwards, Investments from the app have grown at a rate of 30% month-on-monthThe app contributes around 23% (as on September 2020) of the new Direct Investment in-flow at Axis Mutual Fund Udaipur: Axis Mutual Fund, one of the country’s fast evolving mutual fund…
Mumbai: The Central Board of Direct Taxes (CBDT) has so far issued refunds of over Rs 1.21 lakh crore to nearly 36 lakh taxpayers in the current financial year (2020-21). It has issued income tax refunds of over Rs 33,000 crore in more than 34 lakh cases and corporate tax refund of more than Rs 88,000 crore in over 1.83 lakh cases. “The CBDT issues refunds of over Rs 1,21,607 crore to more than 35.93 lakh taxpayers between April 1 and October 6. Income tax refunds of Rs 33,238 crore have been issued in 34,09,246 cases and corporate tax refunds…
The Trump administration on Tuesday announced a plan to limit visas issued to personnel with skills coming from abroad. Officials said the move was a priority amid the loss of jobs due to the Corona virus epidemic. H1B visa is very popular among Indians. This visa is very important especially among IT professionals. In such a situation, it is definitely a shock to Indians. Officials of the Department of Homeland Security and the Department of Labor said that new rules will be issued soon on who can get visas and how much they should be paid, which will limit the…
Now train tickets can also be booked through Amazon India. For this, Amazon and IRCTC have partnered. Let us know that about a year and a half ago, Amazon started the facility of booking flight tickets through its platform. After that, added the feature of booking bus tickets in November 2019. Now the company has also given the facility to customers to book reserved train tickets. Amazon is offering 10 percent cashback on the first train ticket booking from its platform, which is up to 100 rupees. At the same time, Prime Members are getting a little more than 12…
Bangalore: E-commerce platform Flipkart said on Wednesday that it has added over 3.4 million square feet space across its supply chain assets including fulfilment centres, mother hubs and delivery centres throughout the country in preparation of the upcoming festive season and the Big Billion Days sale event. With this addition, the total warehousing space for Flipkart now totals to over 18 million square feet in addition to lakhs of square feet of assets from partner brands. Flipkart said that it has increased its last-mile reach with more than 3,000 facilities across the country to provide a fast and efficient e-commerce…
Ahmedabad: Adani Wilmar, which sells a range of edible oils and food products under the Fortune brand, has launched ready-to-cook Soya Chunkies. This is their second product in the ready-to-cook category after Khichdi. 5 Minute Soya Chunkies has been launched in three exciting flavours, viz. Mexican Salsa, Chinese Manchurian, and African Peri Peri. Soya Chunkies contains 10 times more protein than milk. The ready-to-cook Soya Chunkies, comes with a convenient masala mix sachet and can be cooked in just five minutes. “Mothers have a tough task to include nutrition into their kids snacking moments. What is tasty is not healthy,…
Mumbai: After opening on a weak note, the 30-share index gained ground to end 304.38 points or 0.77 per cent higher at 39,878.95. Similarly, the broader NSE Nifty jumped 76.45 points or 0.66 per cent to close at 11,738.85. Titan was the top gainer in the Sensex pack, climbing over 4 per cent, followed by Bajaj Auto, Maruti, Reliance Industries, ONGC and UltraTech Cement. On the other hand, Bajaj Finance, PowerGrid, Tata Steel, NTPC and Sun Pharma were among the laggards. “Market recovered quickly in morning trade and traded in the green throughout the day led by autos ahead of…
New Delhi: The Reserve Bank of India on Tuesday said the monetary Policy Committee (MPC) of the rate-setting panel will be held for three days beginning October 7. The announcement by the Central bank comes after the government filled the vacancies of three external members in the committee. “The next meeting of the Monetary Policy Committee (MPC) is scheduled during October 7 to October 9, 2020,” RBI said in a statement on Tuesday. On September 28, the RBI had postponed the meeting of the MPC, which must have a quorum of four, as the appointment of independent members was delayed.…
New Delhi: Airtel Payments Bank has upgraded its app to provide a range of digital benefits to its merchant partners in a bid to simplify the payment process. Airtel Payments Bank app now comes with two new features “Smart ePOS” and “On-Demand Settlement” for merchants. Smart e-POS (point of sale) enables merchants to use their smartphones as a POS machine to accept digital payments, the company said in a statement. The ‘On-demand Settlement’ feature enables merchants to transfer their payments into their bank accounts at any time as per their convenience. The money is instantly credited to the merchant’s registered…
The central government on Tuesday lifted the ban on export of L-95 masks. Information about this has been issued by the Director General of Foreign Trade (DGFT). It works under the Ministry of Commerce and Industry, Government of India. The government has lifted the ban on exports to promote the export of masks made in the country. Earlier, in August, the central government had set a limit of 50 lakh units every month for the export of masks in view of the country’s needs against the corona epidemic. The DGFT has stated in its notification that N-95 / FFP-2 is…
ICICI Bank on Tuesday launched a debit card facility for customers taking loans (loan against security (LAS)) in exchange for security from the bank. The card is available on the Visa platform. It can be used by customers for easy POS and online transactions at all merchant establishments such as making payments on e-commerce portals etc. Your accepted LAS amount can be used for payment. According to the statement issued by the bank, ICICI Bank is the first bank in the country to introduce this facility after allowing RBI banks to issue electronic cards to customers who enjoy the OD…
New Delhi: Amazon India on Tuesday announced its Great Indian Festival (GIF) from October 17, a day after Flipkart will kick off its ‘Big Billion Days’ sale. Amazon Prime members will get early access starting October 16. More than 6.5 lakh sellers will offer crores of products on Amazon.in and customers can shop from over 4 crore products from small and medium businesses (SMBs) and products from over 20,000 local shops across 100 cities, Amazon.in said in a statement. The customers can save more with 10 per cent instant discount with HDFC Bank debit and credit cards, no-Cost EMI on…
New Delhi: The government has exempted power trading transactions from the purview of tax deducted at source (TDS) and tax collected at source (TCS) to prevent practical difficulties in implementing the levy from affecting functioning of the exchanges. The Finance Act, 2020 inserted new section 194-0 in the Income Tax Act 1961 which mandated that from October 1, an e-commerce operator shall deduct income tax at the rate of one per cent of the gross amount of sale of goods or provision of service or both, facilitated through its platform. Also, a sub-section (1H) in section 206C of the Act…
In the era of corona epidemic crisis (COVID-19 Pandemic), most of the people are worried about their savings. Apart from this, they are thinking that where to invest their money, where not only their investment is safe but they get better returns on it. The most worrying senior citizens are about their investment because they are in a state of life where they cannot take much risk, so they choose a relatively safe option. They have many options for safe investment, but if you talk about returns, then the Senior Citizen Saving Scheme (SCSS) of Post Office is a better…
The domestic stock market has also seen good growth amid strong global cues. The Nifty closed in the business beyond 11650. Trump’s recovery in health has led to a spurt in US markets. The Dow Jones has jumped 450 points. The sentiment of investors has also strengthened in the domestic market. At the end of trading, the Sensex has gained about 601 points and closed at the level of 39,574.57. At the same time, the Nifty has gained about 159 points and closed at the level of 11662. In today’s business, banks, financial, auto and realty stocks have been good.…
New Delhi: Rolls-Royce has signed a contract with Dhamra LNG Terminal Pvt. Ltd. (DLTPL) for the complete engineering, procurement and construction (EPC) delivery of a 29 MW gas-based power plant for the LNG terminal. DLTPL is a joint venture between Indian multinational conglomerate Adani Group and French energy major Total S.A, located on the eastern coast of Odisha in India. The LNG terminal will function as a reception facility for import of LNG, where LNG tankers can directly unload cargo and converting the LNG gas from liquid state to gaseous state. The highly efficient power plant will meet the baseload…