Finance/Money

Kotak Reduces Home Loan Interest Rates to 6.75%
05 Nov

Kotak Reduces Home Loan Interest Rates to 6.75%

The News Horizon0 CommentsFinance/Money
Kotak Mahindra Bank Ltd (Kotak) today announced that it has reduced its Home Loan interest rates by a further 15 basis points(bps) to 6.75%* p.a. with effect from 1st November 2020. Kotak home loan and balance transfer loans now start at 6.75%* p.a., which is one of the lowest rates in the home loan market. The new normal has changed the functioning of the entire ecosystem. Interest rates at a 15-year low, developers significantly reducing residential property prices and having a ready inventory of ready-to-move-in homes and lower stamp duty. All these factors when taken together make home-buying at this…
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Kotak Partners Amazon.in for the Festive Diwali Sale
02 Nov

Kotak Partners Amazon.in for the Festive Diwali Sale

The News Horizon0 CommentsFinance/Money, Lifestyle
10% Instant Discount on Kotak Debit and Credit Cards; Bonus Offer and Attractive EMI & No-Cost EMI options also available  As the festival of lights draws closer, Kotak Mahindra Bank (Kotak) today announced its partnership with Amazon.in for the festive Diwali sale. Beginning Thursday, October 29th to Wednesday, 4th November 2020, Kotak Debit and Credit Cardholders will receive a 10% instant discount on Amazon.in. Customers can also avail of attractive EMI and No-Cost EMI offers. The weeklong offer on Amazon.in is a part of Kotak’s annual festive season celebrations - KhushiKa Season. Discount Offer: Offer Period Discount on Kotak Credit…
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“DeFi” & “Trust Wallet” – Legal & Regulatory Concern in Crypto Space Globally?
02 Nov

“DeFi” & “Trust Wallet” – Legal & Regulatory Concern in Crypto Space Globally?

The News Horizon0 CommentsApp News, Finance/Money, Tech
Is regulation possible in a completely decentralized environment? Mumbai, Maharashtra [India]: As such Crypto, Industry is on firing range from almost all the regulators across the globe. When it comes to Defi, the following are the legal & regulatory risk - Enforceability & Legal Provisioning – understanding the legal nature of Digital or Crypto Asset, legal enforceability of smart contracts, and the parties to which legal liability will attach is itself a big challenge. Dispute resolution –The potential multi-jurisdictional issues associated with resolving disputes that may arise between users and / or between users and the developers of a DeFidApp.…
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21 Oct

Bank of Baroda with Toyota Kirloskar Motor Introduces Finance Options for Customers & Dealers

The News Horizon0 CommentsAuto, Finance/Money,
Opens easy finance schemes in smaller cities & towns across India In pursuance of its customer-first approach, Toyota Kirloskar Motor (TKM) today announced the signing of Memorandums of Understanding (MoUs) with the country’s leading public sector bank, Bank of Baroda, to enable finance options for both - its customers and dealers - across a vast number of cities and towns in India. Following the tie-up, Bank of Baroda will be one of the preferred financiers for the entire range of vehicles sold by TKM.  The new service facilitates customers to avail customised solutions such as high on-road funding of 90…
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SBI Card gives customers added reason to celebrate with its festive offers for 2020
14 Oct

SBI Card gives customers added reason to celebrate with its festive offers for 2020

The News Horizon0 CommentsBusiness, Finance/Money
Wide range of 1000+ offers across 2000 cities to create customer delight Exclusive credit card partner forFlipkart`s ‘TheBig Billion Days’ shopping festival  in Oct’20 300+ National offers; 700+ Regional &Hyperlocal offers; 900+ offers in store Customers can avail EMI facility at 84500 merchants & 1.3 Lakh+ stores SBI Card, India’s largest pure play credit card issuer, is all set toadd to the festive cheer of its cardholders this festive season. With 1000+ offers across 2000 cities, specially curated to meet the changing trends and consumer preferences, SBI Card endeavors to bring customers a rewarding shopping experience on their festive season…
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Invesco India Focused 20 Equity Fund NFO collects over Rs. 602 crs
02 Oct

Invesco India Focused 20 Equity Fund NFO collects over Rs. 602 crs

The News Horizon0 CommentsBusiness, Finance/Money
Mumbai (Maharashtra),India: : Invesco India Focused 20 Equity Fund (an openended equity scheme investing in maximum 20 stocks across market capitalization (i.e. Multicap)), which was open for subscription until 23rd September has collected Rs. 602 crs in the NFO. The fund received 29,240 applications from investors across 855 cities & towns in India. Mr. Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund said, “Our strong and consistent track record of performance across our equity schemes has helped us garner assets during our NFO. We would like to thank all our investors and distributors for their belief in us and are…
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28 Sep

It is possible to save tax while filing I-T Return with TaxBuddy.com

The News Horizon0 CommentsBusiness, Finance/Money
Mumbai, Maharashtra [India] : Every year, salaried taxpayers and small business taxpayers and professionals need to file their income tax returns before 31st July. This year this date is extended to 30/11/2020. Because of the Covid pandemic, the taxpayers are preferring online options to file their income tax returns. This makes filing of ITRs very easy from the comfort of their homes. This option is increasingly being preferred by taxpayers since it avoids contact with third parties and keeps their financial information safe and within their reach through the click of a mouse. Salaried professionals and small businesses generally file…
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Likhitha Infrastructure set to open IPO on September 29, 2020
24 Sep

Likhitha Infrastructure set to open IPO on September 29, 2020

The News Horizon0 CommentsBusiness, Finance/Money
Price Band of Rs. 117- Rs. 120 per Equity Share Issue shall remain open from September 29, 2020 to October 01, 2020. Minimum Bid Lot is 125 Equity Shares and in multiples of 125 Equity Shares thereafter Shares to be listed on BSE and NSE Unistone Capital is the Book Running Lead Manager to the Issue Key Strengths: Strong financial performance:For Fiscal 2020- low Debt- Equity Ratio of 0.01:1 and EPS of Rs. 13.59.For the last 3 Fiscals-Avg.ROCE over 45% andAvg.RONW over 24% Long term relationship with clients and repeat business from leading City Gas Distribution (“CGD”) Companies Significant experience…
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10 Sep

Invesco Mutual Fund unveils Invesco India Focused 20 Equity Fund

The News Horizon0 CommentsBusiness, Finance/Money
Mumbai:  Invesco Mutual Fund announces the launch of its new fund Invesco India Focused 20 Equity Fund, The New Fund Offer will be open for subscription from September 09, 2020 and will close on September 23, 2020. Invesco India Focused 20 Equity Fund seeks to generate capital appreciation by investing in up to 20 stocks with a flexibility to move across the market capitalization range. The fund will adopt a high conviction approach to investing with meaningful allocation to each stock idea yet maintaining a balance between conviction and diversification. Currently, a large portion of the portfolio will be invested in…
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