In Maruti Suzuki’s Ertiga — where the company has on offer both petrol and diesel driven options — 56 per cent of the sales come from the petrol variants. Come April 2020, Maruti Suzuki will discontinue the diesel versions of SUV Vitara Brezza and S-Cross and put on road petrol-powered ones.
If a credit rating falls below the investment grade, rebalancing by Debt ETFs/index funds will be done within five working days.
The latest statistics released by the UK's Office for National Statistics (ONS) reveal that 30,550 Indian students received a Tier 4 Study Visa for the year ending September 2019, up from nearly 18,730 the previous year.
FASTag-enabled payment is currently available at over 450 toll plazas across national and state highways.
“17% citizens said they believe bribery in tax-related matters has reduced in the last 12 months while 6% said it has increased. About 38% said it is continuing like before and 33% said they did not have a need to pay a bribe. The percentage of citizens who reported reduction in corruption by tax officials in 2019, was 3 times of those who said it had increased,” the survey read.
The department of consumer affairs will issue a notification by January 15, 2020, for making gold hallmarking mandatory.
Time to be given to jewellers and dealers to sell purities apart from 14, 18 and 22.
As per Amfi guidelines, after a downgrade below investment grade for a company in the infrastructure sector, a scheme should mark it down by 15%.
The unsecured loans comprise both personal loans to salaried and loans to small businessmen.
The service provider will also have to set up a system to resolve customer complaints or queries online. Only owners of cars, utility vehicles, vans and other light motor vehicles will be allowed to buy FASTags online. It has been specified in the bid document that the service provider shall not sell FASTags “in bulk to any single customer or a group of customers.”
Black Friday, or the Friday after the Thanksgiving Day in the US, is regarded as the beginning of Christmas shopping season there. Some marketers consider it a “business occasion” to acquire new customers while some others use the occasion to push fresh merchandise sales before winter sales kick in around December 20.
IRDAI proposed to mandate all general and health insurers to offer a standard indemnity-based health insurance product with a sum insured ranging from Rs 1,00,000 to Rs 5,00,000 on individual as well as family floater basis
The scheme offers flexible risk profiles, strong fund management capabilities across asset classes, tax efficiency, flexibility in using the fund for post-retirement income as well as one of the feature offering life cover to long term SIP investors.
The company had earlier this year obtained a licence from the Department of Telecommunications for providing in-flight and maritime connectivity (IFMC) services. The Tata Group firm said it hopes to roll out in-flight services in one-and-a-half months but refused to comment on tariffs saying the modalities are being fine-tuned.
There is no certainty of an income tax cut translating into more spending on part of the consumers.
Sector experts are of the view that fund houses cannot themselves prsessure the promoters for refund. They feel it is too late for them to take up the matter as the RBI has superceded the company board and will now move for insolvency.
The regulator said a listed REIT may make a preferential issue of units or an institutional placement of units.
It took a little more than a month for the firm to add another Rs 1 lakh crore to its valuation.
'We have stayed away from frothy valuations. This has helped in withstanding the severe selloff seen in 2018 in the broader markets.'
The recovery is on loans that were given to Essel, with ZEE shares used as collateral.
The consultation paper from Trai has been issued when telecom operators have announced their plan to raise tariffs.
According to the latest draft proposal issued by the insurance regulator on Monday, standalone OD cover may be allowed where long-term liability policy is mandated. The expiry of OD cover should not be later than the expiry of the liability policy.
Big pharma companies with generic divisions — such as Sun Pharma, Cipla and Lupin — will have to reduce MRP.
When the benchmarks scale new peaks, what must small investors do? That answer lies in their risk appetite, which by itself is a function of familiarity with D-Street.
While a few of the startups are simplifying the language of their write-ups, others are working on design elements like graphics, pictures and videos to explain product details to minimise confusion among customers.
The ETF will have bonds of some central public sector units as underlying.
Axis Mutual Fund was the top performer in 2018, and it is topping the performance chart in 2019 also.
The Insurance Regulatory and Development Authority has said that group insurance schemes should show collection of premium, issue of certificate of insurance and reimbursement of expenses. Also, interest rates declared under group savings products should be in such a way that there is no discrimination among identical policyholders on fund size.
A central repository of telematics data can be created where data from various sources flows to create a common pool. The data captured by the device helps insurers for designing a customised motor insurance policy with its unique premium.
ICICI Prudential Mutual Fund said after the repayment that it has zero exposure to Essel Group.
The joining fees for Club Vistara SBI Card and Club Vistara SBI Card PRIME are Rs 1499 plus GST and Rs 2999 plus GST, respectively, renewed annually at the same charges.
Kotak Mahindra Bank has announced that till December 1, it has waived off issuance charges. This offer is available for both Kotak customers and non-customers who avail of Kotak FASTag.
This edition covers the basics of the commodity derivatives segment.
he RBI considers deposits over Rs 2 crore as bulk deposits and smaller amounts as retail.
Karvy Fintech, the register and transfer agent, lists 23 fund houses among its clients.
The fund house pointed out that repayment of the Adilink NCDs is expected to be done through the monetisation of the road assets which are pledged to it as security.
SLR in the AMC’s parlance stands for safety, liquidity and return in the given order.
In a June 20 order, Sebi stopped all brokers from raising funds by pledging clients’ shares.
Around 80% of people with an Aadhaar card also believe the unique identity has made government subsidies, such as rations and pensions, more reliable, a Dalberg report, funded by the Omidyar Network India, said.
A working group on 'Product Structure for Motor Own Damage cover' set up by the regulator has recommended two options for calculating sum insured for private cars.
The study relied on insights from two national household surveys on Aadhaar, conducted between May and September 2019 and captured the experience of over 167,000 residents, which makes it the largest primary dataset on the use of Aadhaar.
Last week, rival bourse National Stock Exchange (NSE) had introduced the same facility.
“The number of active members under EPFO, at present, are 4,50,60,972 (contributing UANs of last three wage months viz. August, 2019 to October, 2019)," said labour and employment minister Santosh Kumar Gangwar .
'Invest when GDP growth is very low and take it out when it is very high is a simple way to invest. However, the problem now is that markets are not that cheap, which makes it a challenge.'
Plans ahead: Company aims to expand credit to mid- and small-size companies.
These institutional lenders want Wadhawans, the promoter group, to arrange funds in the light of the findings of the forensic audit conducted by a Big4 firm. The MFs will soon raise the issue in the three-member committee formed by the Reserve Bank of India (RBI) to help the administrator in recovering about Rs 84,000 crore that DHFL owes to the system.
A company requires both equity and debt capital. Here are five things one should know about equity and debt capital. For instance, equity capital is perpetual but debt capital has to be returned after a specified time.
Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices, US-Dollar vis-a-vis INR and bond yields have performed. This will give investors an idea of how their investments performed over a long period.
Did you know that Mukesh Ambani's networth is equal to 2.1% of India's GDP? And even after losing 10% of his networth, Lakshmi Mittal is still worth $12.4 billion? Read on to see how much India's 10 richest men gained and lost in the past year.
While UP reported about 230,000 hospital admissions and Bihar about 120,000, Kerala was way ahead with nearly 600,000 hospital admissions under the scheme till date, according to details provided by the Union Health Ministry to Parliament on Friday.