Amazon’s “Apple Days” are arrived; save Rs. 15k on iPhones.
Amazon’s “Apple Days” are arrived; save Rs. 15k on iPhones.
Here are today’s top stories in personal finance:
Apple Sale Days on Amazon are active through June 17, 2023. Huge discounts are being offered to customers on several iPhone models. Customers can receive a 15% discount on the iPhone 14 128 GB model, bringing the cost down to 67,999 rupees. Amazon has reduced the price of the iPhone 14 Pro 128 GB edition by 10,000 rupees, making it available for 1.19 lakh rupees. The 128 GB model of the iPhone 14 Plus has the biggest discount. On this model, Amazon is discounting it by 13,000 rupees. It is offered for 76,999 rupees. While the 256 GB Pro and Pro Max versions are discounted by 6,000 rupees. While the iPhone 14 Pro Max 128 GB edition is discounted by 12,000 rupees. This reduces the cost to 1.27 lakh rupees.
On news of the sale of the Gangwal family stake, Indigo drops 2%.
Shares of low-cost carrier Indigo fell on Tuesday after rumours that the Ganwal family could reduce its stake in InteGlobe Aviation surfaced. At 2,348 rupees per share, the stock closed more than 2% in the negative. The company’s shares have produced a sizable return for investors over the past year. The airline appears to have encountered turbulence, though. And it’s not obvious how long it will take to recover from this point.
In the cash market, MRF shares surpass the Rs. 1 lakh milestone.
For MRF, history is being made. On Tuesday, the shares of the tyre manufacturer traded above one lakh rupees. In the first hour of trading on June 13, 2023, the stock reached a record high of 1,00,300 rupees. By day’s end, though, it had decreased to less than one lakh rupees. The stock has generated returns of 9% during the past six months. While the stock has increased by 46% during the past year. In a month, the stock has increased by almost 16%. Despite today’s decline, the stock had increased by 42% over the past year.
Government cracks down on online gaming
In an interview with The Economic Times, Union Minister Rajeev Chandrashekhar stated that the Indian government would outlaw three different categories of online games. The first category of online games are those that involve betting, while the second category includes those with a high risk of endangering players. The third category is made up of games that have an addictive potential. His remarks have generated a lot of discussion in the online gaming community. In the foreseeable future, games like Dream 11, My Circle 11, and others may be outlawed.
Bajaj Housing Finance is offering a 40-year mortgage.
Home loans from Bajaj Housing Finance have a maximum 40-year term. Only salaried persons who are first-time homebuyers are eligible for this. The home financier asserts that EMIs will fall to 733 rupees per lakh with credit terms up to 40 years long. Longer loan terms increase affordability. However, it also raises the total repayment amount.For salaried people, Bajaj Housing Finance offers loans with rates as low as 8.50% annually.
PNB permits unrestricted UPI transactions.
Customers now have access to UPI 123PAY thanks to Punjab National Bank. Customers of the bank can now make digital payments from any smartphone without an internet connection. Account holders will also be able to send money to clients of other banks. This service will be offered continuously. PNB hopes to serve its consumers in the hinterland who cannot buy cellphones with the UPI 123PAY service.
ASK Auto, a brake company, files for IPO
ASK Automotive has submitted initial documents to Sebi in order to raise money through an IPO. The entire share sale procedure is an offer to buy. The selling stockholders will receive the whole proceeds of the IPO because it is entirely an OFS. The company won’t get any money from the issue. Gurugram-based One of the biggest producers of sophisticated two-wheeler braking systems is ASK Automotive. TVS Motor, Hero MotoCorp, Greaves Electric Mobility, and Bajaj Auto are a some of the business’s clientele.
Policyholders of Reliance Nippon Life will receive a sizable incentive.
This information is for you if you have a life insurance policy with Reliance Nippon Life Insurance Company. A bumper bonus has been announced by the life insurance business for eligible clients. Over 5.69 lakh policyholders received bonuses totaling 344 crore rupees from it in FY23. The company’s choice will motivate policyholders and encourage them to maintain active coverage.
New Passion+ from Hero Moto is priced at Rs 76,301.
The Passion+, Hero MotoCorp’s commuter motorcycle, has been updated. In Delhi, the two-wheeler was introduced at a price of 76,301 rupees ex-showroom. A 100cc engine that complies with BS-VI phase II powers the new Passion+. The Dio scooter from Honda Motorcycle, on the other hand, was introduced in 2023. The two-wheeler is offered in Delhi for 70,211 rupees ex-showroom. A 110cc engine that complies with BS-VI phase II powers this scooter as well.
The owner of Policybazaar hopes to reach billion in the next four years.
The parent company of the online insurance marketplace, Policybazaar, the PB Fintech, has predicted that break-even point will be reached in four years. In comparison to the same period last year, the company reported that their loss had practically been cut in half, to 488 crore rupees. By the end of the FY24, PB Fintech has also stated that it will be able to accumulate cash reserves of 400–500 crore rupees. Leveraging won’t be necessary starting with the following fiscal year. The company also manages Paisabazaar, PB Partners, Doc Prime, and Money Wide in addition to Policybazaar. PB Fintech’s share has increased 38% during the past six months. The stock price on Tuesday closed at 635 Rupees per share, up 4%. The stock may continue to rise with improved financial results.
