Here are the top personal finance news for the day.
Vodafone Idea customers have got a data boost. Subscribers will now get two new options for higher data usage. After the subscriber has exhausted daily data usage limit of active recharge plan, he can top up his data with two new booster packs. The first pack comes at 24 rupees in which the subscriber will get to use unlimited data but for only one hour. This plan is known as ‘Super Hour’ data pack. In the second pack, the subscriber gets total of 6 GB additional data for 24 hours. This pack is known as ‘Super Day’ data pack. It is priced at 49 rupees.
Swiggy mulling co-branded credit card launch
Online food delivering platform, Swiggy, may launch co-branded credit card in collaboration with a bank. Customers will get discount and cashback offers on ordering foods with the plastic money. Plus, it will also help the food delivering app to generate more revenue. According to ‘Economic Times’, lot of large consumer facing apps in the country are looking to tap on co-branded credit cards to generate additional revenue. This also generates additional revenue for the bank with which the e-commerce platforms are rolling out the co-branded credit card in collaboration with.
PM to flag-off new Vande Bharat Express
Next news is on Vande Bharat Express: Prime Minister Narendra Modi may flag off yet another Vande Bharat Express in the country. The latest offerings from Indian Railways will run from Chennai to Vijayawada. The semi-high speed train will take 6 hours thirty minutes to reach Vijayawada from Chennai. the train will run for six days in a week.
Maruti drives in new Invicto at Rs 24.8 lakh
Maruti has driven in its premium MPV, the new Invicto at 24.8 lakh rupees. The MPV is slated to give direct competition to Toyota’s Innova. The strong hybrid MPV will come in three variants. Company’s MD and CEO Hisashi Takeuchi said that the latest MPV from the house of Maruti is a premium three-row vehicle but has all the dynamism of an SUV. On the launch of new Invicto, Maruti’s share price skyrocketed. And closed more than 3% higher at 9,989 rupees. Maruti already commands 50% market share in MPV segment. While, it is number two in the SUV segment.
Ravi Singh gives buy call on two IT stocks
Share India, VP, Research Head, Ravi Singh has given buy call on three stocks. His first recommendation is Tech Mahindra. Singh has given a target price of 1,240 rupees at 1,135 rupees stop loss. On Wednesday, the IT stock closed at 1,175 rupees per share. His second recommendation is Latent View. He has given it target price of 400 rupees keeping 380 rupees stop loss. Singh has advised investors can buy Latent View from current levels of 384 rupees. His third recommendation is Hindustan Oil Export. Target price given is 220 rupees and stop loss is 200 rupees.
Yes Bank hikes FD rates
Yes Bank has raised interest rates of fixed deposits. The private bank will give as high as 7.75% interest on FDs of 18 months to 3 years. On 5 year FDs, account holders will get 7.00% interest. On 1 year FDs, account holders will get 7% RoI. On shortest tenure of 7 days, account holders will get 3.25% interest. Senior citizens will get additional of 0.50% on all FDs of tenures which expire before 3 years. On FDs of two different tenures, which are of 3 to 5 years and second of 5 to 10 years, senior citizens will get additional of 0.75% interest.
NCR property sales at 10-yr high
Home sales in NCR touch 10-yr high, flats upwards of Rs 1 cr most in demand. Home sales in the NCR region have been setting new records. During January-June 2023 period, 30114 properties were sold in NCR. Gurugram had the biggest share in the sales with over 52%. Noida and Greater Noida accounted for a 32 per cent while Ghaziabad had a share of 12% share, with Delhi and Faridabad taking 2% each. The sales have been 13% higher than 2022 in the same period.
Union Cabinet clears personal data protection bill: Sources
Your data may now remain safe as the Union cabinet cleared the personal data protection bill. The bill focuses only on personal data. The revised bill does away with regulating the use of non-personal data. The November 2022 version of the bill stated that the data fiduciary shall not undertake tracking or behavioural monitoring of children or advertising directed at children. It mandated penalties of up to Rs 500 crore for non-compliance.
Haryana restaurants to remain open 24×7
If you get an urge for a late night meal, then Haryana is the place to be. The state has allowed restaurants to remain open 24×7. Restaurant owners had approached the government to allow them to keep their restaurants open for 24 hours so that customers can avail their services as per their convenience. The state government directed officials to ensure convenience of the businesses and the public, restaurant owners who want to keep their restaurants open for 24 hours can do so.
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