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Showing posts from October, 2019

SIAM's Data Indicates A Decline In The Market Share Of Some Automakers

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Auto-makers Maruti Suzuki India and Tata Motors' domestic passenger vehicle market share declined in April-August this year, while Hyundai and M&M witnessed gain in the same period, as per data compiled by industry body Society of Indian Automobile Manufacturers (SIAM). Dip in MSI and Tata Motors sales The country's largest car-maker Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 percent in the domestic passenger vehicle (PV) segment in April-August. The company sold 5,55,064 units this fiscal as compared with 7,57,289 units during April-August previous year. Its market share has come down from 52.16 percent last year to 49.83 percent in the April-August this fiscal. When contacted MSI executive director (marketing and sales) Shashank Srivastava told PTI that while cars and vans (A and C segment) have performed well, there has been a drop in sales of utility vehicles (B segment).

Bail to bitcoin baiter against 15 lakh deposit

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In what could be seen as a new trend emerging in the apex court while dealing with economic offenders, the bench allowed bail to an accused in the bitcoin scam on Saturday, in lieu of hefty amounts of cash as a security deposit — Rs 15 lakh, to be precise. The court was hearing the bail petition of Akash Kantilal Sancheti, accused of duping several persons of Rs 42 lakh. The first complaint against him was lodged by a Pune entrepreneur, who claimed she had invested Rs 13 lakh in Sancheti's business since August 2017. He was arrested in January 2018. On Friday, his bail petition came up for hearing before a bench comprising Justices RF Nariman and V Ramasubramanian. His lawyer, senior advocate Siddharth Dave, submitted that Sancheti has been behind bars for 20 months and the kingpin of the scam is already out on bail. The bench directed Sancheti to deposit Rs 13 lakh with the registry of the apex court within six months. In addition, it told him to furnish a bail bond of R

PAN card verification: How to verify your PAN online

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Permanent Account Number (PAN) is a unique, 10-digit alphanumeric identity allotted to all taxpayers in India by the Income Tax department. It is essential for undergoing various financial transactions such as receiving taxable salaries/professional fees, sale or purchase of assets, trading of mutual funds, etc. It also serves as an important identity proof. Here is how you can verify your PAN card online. Step-by-step procedure to verify your PAN card online Online verification To verify your PAN card online, log on to the Income tax e-filing portal. Enter details such as name, DoB, PAN number, and type of your PAN card viz., Individual, Company, Hindu Undivided Family, etc. Once done, enter the Captcha code given in the portal and click on 'Submit' button. Finally, your PAN card will be shown with the status of verification. This is the procedure for bulk PAN verification Bulk verification For bulk PAN verification, register as a bulk PAN verific

Bitcoin: Cryptocurrency’s stumble may set up a huge fall

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Dropping like a stone through the psychological barrier of $10,000 it finally landed this afternoon, levelling off at around $8,400 before slipping slowly towards $8,000 – a line it looks almost certainly to prepare to spring from. The question now is about which direction this battered cryptocurrency takes when it does. Rewind only three months and bitcoin was kissing $14,000 – a position it hadn’t even been close enough to smell since 2017 when it claimed an all-time high of $20,000. The narrative in June – as indeed it had been until this week – was largely hopeful prose about a swift return to those heady days. Alas, BTC’s capacity to surprise and delight its followers is matched by a contrasting skill of being able to deliver crushing disappointment. As ever, the decade-old digital asset continues to hover a shaking hand over the self-destruct button. Some optimism arising from bitcoin’s current predicament comes in the form of those analysts who point to the latest nose d

All you need to know about insurance in India

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Insurance is the most effective risk management tool which can protect individuals and businesses from financial risks arising out of various contingencies. The emotional and psychological loss can never be compensated, but at least the financial loss can be compensated with insurance. Though there are uncertainties in life which you cannot mitigate, but insurance will surely help you transfer the financial risk associated with the same. What is insurance? Insurance is a legal contract between two parties- the insurance company (insurer) and the individual (insured), wherein the insurance company promises to compensate for financial losses due to insured contingencies in return for the premiums paid by the insured individual. In simple words, insurance is a risk transfer mechanism, where you transfer your risk to the insurance company and get the cover for financial loss that you may face due to unforeseen events. And the amount that you pay for this arrangement is called premi