Business Featured National 

Uttar Pradesh govt presents Rs 4.79 lakh crore budget for 2019-20

Ahead of Lok Sabha polls, the Uttar Pradesh government on Thursday presented Rs.4.79 lakh crore budget for 2019-20. According to reports, the annual budget was presented by state Finance Minister Rajesh Agarwal. This year the budget is 12 per cent higher than the previous year’s budget of Rs. 4,28,384.52 crore. UP Chief Minister  Yogi Adityanath was present in the House when the Finance Minister read out the budget speech. While giving the speech, the state finance minister has announced various other schemes. The schemes include “Kanya Sumangala Yojana” the scheme is made to raise health and educational standard of…

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Featured National 

RBI cuts repo rate by 25 basis points to 6.25%

The RBI monetary policy committee cut repo rate by 25 basis points to 6.25 per cent in its sixth bi-monthly monetary policy. Consequently, the reverse repo has come down to 6 per cent. And the marginal standing facility (MSF) rate and the Bank Rate come down to 6.5 per cent. The six-member MPC, headed by Reserve Bank of India (RBI) governor Shaktikanta Das, also decided to change the monetary policy stance from calibrated tightening to neutral.   “On the basis of an assessment of the current and evolving macroeconomic situation at…

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mbie-trcm Featured Technology 

Oppo K1 launched in India : Price, Specification and more

Today the Chinese smartphone maker Oppo has launched Oppo K1 in India. The new K1 will be one of the first smartphones to offer an in-display fingerprint sensor. The company revealed that the smartphone will be available via Flipkart from 12 pm IST on February 12. The smartphone is powered by the octa-core Qualcomm Snapdragon 660 processor, clocked up to 1.95GHz and will be offered with either 4GB with 64GB of internal storage which will be expandable using a microSD card. The Oppo K1 price in India is set at Rs. 16,990 for the…

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NIFTY-TRCM Business Featured 

Sensex, Nifty Close Higher For Fourth Straight Session

The BSE Sensex and NIFTY rose for the fourth session in a row but capped gains as investors turned cautious ahead of Reserve Bank of India’s three-day policy meet. The shares of HDFC Bank, IndusInd Bank and Maruti Suzuki were depreciated.The BSE Sensex rose 0.09 per cent or 34 points to 36,617 and the NSE Nifty 50 Index advanced 0.2 per cent or 22 points to 10,934. According to the reports of analysts, the Reserve Bank of India (RBI) would hold its repo rate, a surprise change of stance following the…

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Business Featured National 

Reliance Communications shares plunge 48% after bankruptcy filing

Today the shares of Indias largest communication service provider  Reliance Communications Ltd has plunged over 48% in morning trade after the company has decided to opt for insolvency proceedings, following its failure to sell assets for paying back its lenders. RCom fell as much as 48.27% on BSE to Rs 6 a share intraday. At 9.40 am, the stock was trading at Rs.7.34 on BSE, down 36.7% from its previous close. In comparison, benchmark Sensex fell 0.23% to 36,386.78 points. According to the report, RCom’s USD bonds due November 2020…

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Business Featured National 

Amazon Gets Alternate Sellers in Place For Selling Products

The largest e-commerce site Amazon gets new rules to remove its key grocery service and remove a wide range of products such as sunglasses and floor cleaners. In December last year, India modified foreign direct investment rules for its burgeoning e-commerce sector, which has drawn major bets from not only Amazon.com but also the likes of Walmart Inc, which last year bought a majority stake in homegrown e-commerce player Flipkart. India’s new e-commerce investment rules bar online retailers from selling products via vendors in which they have an equity interest, and…

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Featured National 

Budget 2019: Here are the few Highlights

On Friday, the Finance Minister Piyush Goyal presented the Interim Budget for 2019 at the Parliament. Here are the key highlights from Finance Minister Piyush Goyal Interim Budget 2019-20. Taxes changes – No income tax for income up to Rs 6.5 lakh (Rs 5 lakh + Rs 1.5 lakh under 80C of the Income Tax Act) – Full tax rebate for income up to Rs 5 lakh per annum – No tax on notional rent on a second self-occupied house – Capital Gains exemption under Section 54 to be available on two house properties – The tax benefit of Rs 18,500 crore given to three crore middle-class taxpayers –…

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Featured National 

Interim Budget could contain farm income support: Piyush Goyal

Today the finance minister Piyush Goyal will present the Interim Budget for 2019-20 amid heightened expectations that he will announce an income support scheme for distressed farmers who have seen their incomes stagnate because of plunging prices, barely enough to pay for loans and input costs. The budget presenting before  April-May Lok Sabha elections will be keenly watched for cues about the government’s intent on creating jobs, high unemployment rates etc. Piyush Goyal, standing on behalf of Arun Jaitley who is in the US for health reasons, is widely expected to articulate…

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Entertainment Featured International 

Apple iPhone sales goes down 15% during past quarter

During the holiday season, Apple managed to bring in $84 billion, compared of $88 billion a year ago. Of them, $51 billion were from iPhones, while the second-best performing category is Services with $10.875 billion. In a press release Apple announced the 33% increase in sales of Wearables, Home and Accessories is an all-time high, along with the Mac sales which jumped 9%.  The CEO of Apple Inc Tim Cook said while there is a disappointment in missing the revenue targets, “Apple is managed for the long term and this quarter’s…

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Business Entertainment Featured 

Manikarnika crosses Rs 50 crore-mark

The Kangana Ranaut starrer film Manikarnika: Queen of Jhansi was released on  Republic Day. The film is directed by Kangana Ranaut and Krish and produced by Zee studios in association with Kamal Jain and Nishant Pitti. A special screening of the film was organized by Zee Entertainment for Ram Nath Kovind the resident f India at Rashtrapati Bhavan, Cultural Centre on 18 January in presence of Kangana Ranaut and her team before releasing of the film on 25 January 2019. After watching the film the President felicitated the artists and crew of the film. The film Manikarnika…

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