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Stocks to Focus Today – HDFC, Tata Motors, Adani Enterprises, Maruti, Hero MotoCorp, Britannia Industries

5Apr

By Nikita DhyaniNo Comments

Business, Finance

Stocks to Focus Today – HDFC, Tata Motors, Adani Enterprises, Maruti, Hero MotoCorp, Britannia Industries

HDFC Stocks to focus of HDFC Individual loan business continued to improve during the quarter ended 31 March 2021. Tata Motors Tata Motors has shifted its defense business to Tata Advanced Systems for an upstream consideration of ₹ 227.7 crores. The transfer has been completed through the sale of a recession as per the scheme of arrangement approved by the National Company Law Tribunal in Mumbai and Hyderabad. Also, read | Microsoft Soon To Launch Tech Hub In Noida Adani Enterprises Adani Road Transport (ARTL), a wholly-owned subsidiary of Adani Enterprises, has received an award letter for the development of the six-lane Badkumari - Karki section of NH-130-CD Road under the Raipur-Visakhapatnam Economic Corridor in Odisha. Adani Enterprises, along with its...

13Mar

By Nikita Dhyani1 Comment

cricket, Finance, IPL, Sports

Chinese Smartphone Company Vivo Return as the IPL Title Sponsor

Chinese smartphone company Vivo has returned as the title sponsor of the Indian Premium League cricket tournament, almost a year after the sponsorship deal with the BCCI was suspended amid the India-China border standoff. The company, which competes with players like Xiaomi and Samsung in the Indian market, also said that it will expand its portfolio of premium devices, and focus on new technologies like 5G. https://twitter.com/IPL/status/1368535256014356488?s=20 Vivo India Director Brand Strategy Nipun Marya told PTI on Wednesday Vivo is back as the Title Sponsor of the IPL and it is very encouraging and exciting for us. The IPL is the biggest asset in India and a perfect combination of sports and entertainment, so we are waiting for the IPL to start...

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...

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...

Union Bank of India, Syndicate Bank post highest UPI failure rates; Paytm sees lowest decline rate – sources

23Feb

By Nikita DhyaniNo Comments

Business, Finance, news

Union Bank of India, Syndicate Bank post highest UPI failure rates; Paytm sees lowest decline rate – sources

Public sector lender Union Bank of India continued to witness the highest failure price for UPI transactions amongst India’s prime 30 UPI remitter banks due to technical factors in January. From 10.75 percent technical decline (TD) in December, the failure price jumped to 12.89 percent in January for Union Bank of India, information from the National Payments Corporation of India (NPCI) showed. In January, eighty percent of UBI's transactions were approved out of 85.95 million transactions, out of which almost 80 percent had been authorized while 7.36 percent were declined. Due to factors which include invalid pin entered by the customer, incorrect beneficiary account, exceeding per transaction limit or permitted count of transactions per day or quantity limit for the day, and so...

Bharti Airtel adds maximum number of wireless users than Jio for 5 months in a row

19Feb

By Nikita DhyaniNo Comments

Business, Communication, Finance, Jio, news, Politics

Bharti Airtel adds maximum number of wireless users than Jio for 5 months in a row

Airtel acquired 4.05 million wireless subscribers against Jio's 0.47 million while battling Vodafone-Idea once again lost almost 5.7 million users in December, as per Telecom Regulatory Authority of India (Trai) data delivered on Thursday. Bharti Airtel adds maximum numbers of wireless users 5th times successfully in a row which is more than market leader Reliance Jio. Airtel added 4.05 million wireless subscribers in December to take its base to 338.70 million, followed by Reliance Jio, which added 478,917 subscribers to take its base to 408.77 million. With solid additions, Airtel has also narrowed the gap with market pioneer Reliance Jio, which has seen its subscriber additions slowing down. Reliance Jio’s wireless market share stood at 35.43% in December, followed by Airte...

Bitcoin trading likely to attract Income Tax, 18% GST: Reports

18Feb

By Nikita DhyaniNo Comments

Bitcoins, Business, Finance, news

Bitcoin trading likely to attract Income Tax, 18% GST: Reports

The government is considering imposing income tax (IT) and Goods and Services Tax (GST) at the rate of 18 percent on the profits and trade of bitcoin or related cryptocurrencies, a Business Standard report said. Forward of the presentation of Cryptocurrency and Regulation of Official Digital Forex Invoice, 2021 within the Finances session of Parliament, as has been reported by some media publications, the report additional added that each the taxes might be levied for the present fiscal year. Last year, there was a report by the Times of India, telling officials said that the Central Economic Intelligence Bureau (CEIB), an arm of the finance ministry had suggested that bitcoins can be categorized under the ‘intangible assets’ class, thus making it liable for GST levy. However,...