Nikita Dhyani, Author at Daily News Capsule

Muthoot Finance shares fell by 6% after opening deals

9Mar

By Nikita Dhyani1 Comment

Business, Finance

Muthoot Finance shares fell by 6% after opening deals

Shares of Muthoot Finance fell by 6 % after opening deals on Monday as buyers reacted to the sudden death of MG George Muthoot, the chairman of the biggest gold home loan NBFC inside the country. The Muthoot group chairman passed away on Saturday reportedly after falling from the fourth flooring of his home. The incident occurred in Delhi's East of Kailash at around 9 pm on Friday and he was rushed to Fortis Escort Hospital where he was declared dead. Also, read | Muthoot Finance Q3 net rises 17% year over year on vigorous Gold Loan Portfolio Growth Muthoot Finance Share Fell by 6 % Responding to the news, the share price of Muthoot Finance dropped as much as 6.57 percent in opening deals to hit a low of ₹ 1,205. There was a surge in turnover as 0.56 lakh sh...

Reliance Home Finance (RHFL) defaults loan repayment of Rs 40 crore to Punjab & Sind Bank – sources

8Mar

By Nikita DhyaniNo Comments

Bank, Business, Finance, RHFL

Reliance Home Finance (RHFL) defaults loan repayment of Rs 40 crore to Punjab & Sind Bank – sources

Reliance Home Finance Ltd (RHFL) said Saturday that it has default loan repayment of more than Rs 40 crore from Punjab & Sind Bank, even if the company has enough cash and cash equivalents that it cannot use due to a court order. The Anil Ambani-controlled Reliance Capital’s subsidiary defaulted on the mortgage on February 15, 2021, and the current amount of default is Rs 40 lakh as well as Rs 15 lakh. Reliance Home Finance (RHFL) said in a regulatory deposit that the entire liability of the corporate is Rs 200 crore from Punjab and Sindh Financial Institution, which is on a mortgage of 5 years each of 9.25 percent each year. The company said that the company has more than Rs 1,500 crore in cash (including cash equivalents, liquid mutual fund inv...

Rishabh Pant Will be an All-Time Great Says Former Indian Captain: Sourav Ganguly

6Mar

By Nikita DhyaniNo Comments

Entertainment, news, Sports

Rishabh Pant Will be an All-Time Great Says Former Indian Captain: Sourav Ganguly

Former Indian captain and BCCI president Sourav Ganguly on Friday forecasted that Rishabh Pant will be an all-time great across formats in years to come after the young wicket-keeper batsman smashed a potentially match-winning hundred in the fourth and final Test against England. Pant smashed 101 off 118 balls for his third Test hundred, helping India take a sizeable first-innings lead after the hosts looked in trouble at 146 for six in response to England's 205. "How good is he? Unbelievable..what a knock under pressure...not the first time and won't be the last time..will be an all-time great in all formats in the years to come. Keep batting in this aggressive manner. that’s why will be a match-winner and special," Ganguly writes on Twitter. https://twitter.com/SGanguly99...

Joe Biden Says: India America Taking Over the US

6Mar

By Nikita DhyaniNo Comments

education, Joe Biden, news, Politics

Joe Biden Says: India America Taking Over the US

India- America taking over the US said the 46th US president Joe Biden on Thursday. He added that a higher number of Indians are being selected in the administrative department of America. In Less than 50 days after his presidency, Biden has assigned at least 55 Indian-Americans to key speech positions in his administration, from his speechwriter to NASA, in nearly every wing of the government. The India-Americans are "taking over the country", Biden said while speaking to Dr. Swati Mohan in a video conference call. Dr. Mohan thanked Biden for interacting with them, but the President said he was honored to interact with the team. This is an honor that Indian -Americans are taking over the country. You (Mohan), my Vice President (Kamala Harris), my speechwriter (Vinay Red...

Indiabulls Housing Finance (IBH) raises ₹1,091 crores through foreign currency convertible bonds

5Mar

By Nikita DhyaniNo Comments

Bank, Business, Finance, Indiabulls Housing Finance

Indiabulls Housing Finance (IBH) raises ₹1,091 crores through foreign currency convertible bonds

Indiabulls Housing Finance has raised ₹150 million ( ₹1,091 crores) by issuing foreign currency convertible bonds, the company said on Thursday. The securities issuance committee has approved the allotment of secured Foreign Currency Convertible Bonds (FCCBs) of USD 150 million, convertible into equity share of Rs 2 each, Indiabulls Housing Finance said in a regulatory filing. The FCCBs, set to mature on March 4, 2026, bear a coupon rate of 4.5%. The bonds are proposed to be listed on Singapore Exchange Securities Trading Ltd. Indiabulls said as many as 4,49,91,756 equity shares of the company would be in the trade-off with the FCCBs. This is Indiabulls Housing's debut convertible bond issuance. Besides, it is also the first FCCB by a financial institution from India in the l...

Kapil Dev receives the first dose of Covid-19 Vaccine in Delhi

4Mar

By Nikita DhyaniNo Comments

Health, health and wellness, news, Politics, Science, Sports

Kapil Dev receives the first dose of Covid-19 Vaccine in Delhi

Indian cricket legend Kapil Dev on Wednesday receives the first dose of the Covid-19 vaccine at a renowned city hospital. The 62-year old World Cup Winning Captain in 1983 took the vaccine at the Fortis Hospital Heart Institute under the supervision of his cardiologist Dr. Atul Mathur, Director of Cardiology. https://twitter.com/ANI/status/1367060164977643521?s=20 Kapil Dev became the second former India cricketer to receive the vaccine after India head coach Ravi Shastri, who got vaccinated on Tuesday at Ahmedabad. Also, read | BCCI Official: IPL Governing Council Takes The Final Call On Venues Ravi Shastri tweeted and thanx the medical team. https://twitter.com/RaviShastriOfc/status/1366607709110489089?s=20 Both cricket legends received the vaccine after India's ...

Finance Ministry agreed to Cut Tax on Petrol, Diesel – sources

3Mar

By Nikita DhyaniNo Comments

Business, Finance, Petrol price in India

Finance Ministry agreed to Cut Tax on Petrol, Diesel – sources

Finance Ministry is considering cutting excise duty on petrol and diesel to reduce the impact of record-high domestic prices, three government officials close to the discussion. The doubling of the price of crude oil in the last 10 months has added to record fuel costs at fuel stations. But taxes and duties account for roughly 60 percent of the retail price of petrol and diesel in the country, the world's third-biggest consumer of crude oil. The Coronavirus pandemic, the economy was hit badly PM Modi’s government raised petrol and diesel prices to promote dropping down tax revenue rather than passing on the benefits of lower oil prices to consumers last year. Sources said India's Finance Ministry has now started consultations with some states, oil companies, and the oil minist...

Nine of the top 10 firms lose nearly ₹2.2 lakh crore in market valuation – sources

1Mar

By Nikita DhyaniNo Comments

Business, Finance

Nine of the top 10 firms lose nearly ₹2.2 lakh crore in market valuation – sources

Nine of the 10 most-valued companies lost a whopping ₹2,19,920.71 lakh crore in their total market valuation last week with the barometer Sensex tanking more than 3%. Reliance Industries (RIL) was the only scrip to post gains in its market valuation among the top 10 valued companies. Among losers, Tata Consultancy Services' market valuation tanked Rs 81,506.34 crore to Rs 10,71,263.77 crore. The valuation of HDFC Bank declined by Rs 2,202.12 crore to reach Rs 8,45,552.53 crore. The market capitalization of ICICI Bank dropped by ₹18,098.57 crores to ₹4,13,078.87 crore and that of Hindustan Unilever by ₹11,536.32 crores to ₹5,00,937.14 crore. HDFC’s valuation declined by ₹35,389.88 crores to reach ₹4,57,518.73 crore and that of Infosys by ₹16,613.57 crore to ₹5,33,487.07 crore. ...

Airtel, Qualcomm to Join Forces Together for 5G Services in India

25Feb

By Nikita Dhyani1 Comment

Business, Communication, Finance, Jio

Airtel, Qualcomm to Join Forces Together for 5G Services in India

Bharti Airtel Ltd said on Tuesday that it would collaborate with US-based Qualcomm Technologies for the rollout of 5G platforms in India. Recently, Airtel became India's first telco to demonstrate 5G over a live commercial network in Hyderabad. The company will utilize Qualcomm 5G radio access network (RAN) platforms to roll-out virtualized and open RAN-based 5G networks. "Through Airtel's network vendors and device partners, Airtel will utilize the Qualcomm 5G RAN Platforms to roll-out virtualized and Open RAN-based 5G networks. Airtel, as a board member of the O-RAN Alliance, is committed to driving the success of O-RAN and is working with Qualcomm Technologies to explore and implement the O-RAN approach for India," according to a company statement. O-RAN's flexible and scal...

Paytm Payments Bank helps 2.6 lakh FASTag users get back wrongly deducted toll charges

24Feb

By Nikita DhyaniNo Comments

Business, Finance, news, Paytm

Paytm Payments Bank helps 2.6 lakh FASTag users get back wrongly deducted toll charges

Paytm Payments Bank on Tuesday said it has won 82 percent of dispute cases on behalf of FASTag users with toll plazas in 2020 and facilitated refund of wrongly deducted toll charges to 2.6 lakh customers. The payments bank said it has set up an automated dispute management process that recognizes deductions and immediately raises claims to reverse the additional charges. Paytm Payments Bank MD and CEO Satish Gupta announced in a press release, “We have endeavored to empower our users with seamless and hassle-free travel on road. In this quest, we support our users in every possible way, including fast redressal of any grievance they face with toll plazas.” The company repeatedly strives to ensure that customers are at all times charged the correct toll amount, he added. Pay...