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Banks get relief, RBI will remove I-CRR in a phased manner, know what decision the central bank took today

By
Team Happen Recently
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 Liquidity in domestic banks increased after RBI’s decision to demonetise Rs 2000 note on 19th May and to control this RBI introduced ICRR.  It will be removed in a phased manner from tomorrow Saturday.  Know what decision RBI took today, what will be the benefit to the banks.

After the decision of the Reserve Bank of India (RBI) to stop the circulation of Rs 2000 notes on May 19, the cash in the banks of the country had increased, to control which the RBI had implemented Incremental Cash Reserve Ratio (ICRR) which is now  It will be closed in a phased manner from tomorrow i.e. Saturday.

 RBI imposes I-CRR so that cash can be reduced.

What decision did RBI take today?

 In today’s announcement, the central bank confirmed the phasing out of the ICRR.  As per the decision, the ICRR will be completely phased out by October 7.

Before this, the ICRR will be reduced by 25 percent on Saturday, September 9.  After this, 25 percent of the ICRR will be removed on 23 September.  The remaining 50 percent will be removed on October 7.

 What is ICRR?

 Before Incremental Cash Reserve Ratio (ICRR), you should know about CRR i.e. Cash Reserve Ratio.  CRR is part of the monetary policy tool of the RBI.  Its goal is to control the supply of cash in the system and inflation.

 Whenever the stock of cash in the bank increases rapidly.  To deal with this situation, the Reserve Bank introduces additional ICRR along with CRR.  ICRR is the cash reserve limit over CRR.

Which is determined keeping in view the increase in the size of the deposit.  Because of this, banks have to keep more cash in the Reserve Bank than before.

 What effect will this have on the bank?

 As we just told you that due to ICRR, banks have to deposit more cash with RBI, due to which less money is left with the banks to give loans.

In such a situation, if the ICRR ends, then the banks will get their money, due to which the banks will be able to give more loans.  Overall, this decision will provide relief to banks.

 So many notes have been returned to the bank so far

 93 percent of the Rs 2000 notes that were in circulation on May 19 have been returned to the banks, whose value till August 2023 is Rs 3.32 lakh crore.

Android 14: Latest software update is being released along with Pixel 8, Google gave new information

By
Team Happen Recently
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Android 14 Latest Update Google has recently given information about its next generation Pixel smartphone. The company is going to launch the Pixel series on October 4. Along with this, Google is also going to release the latest software update Android 14. According to media reports, Pixel 8 series and Android 14 are being brought together.

New Delhi, Tech Desk. Tech company Google has recently given information about its next generation Pixel smartphone. The company is going to launch the Pixel series on October 4. Along with this, Google is also going to release the latest software update Android 14.

When being released?

According to media reports, Pixel 8 series and Android 14 are being brought together. According to reports, an Android expert says that Android 14 can be released on October 4. In fact, Google itself has indicated the release of Android 14.

Google has informed the original equipment manufacturers that the company is going to release the Android 14 security release notes on October 4. In this security release notes, information will be given about those flaws, which have been fixed by the company.

What will be special in Google Pixel 8

In Google Pixel 8, the company is going to launch two new smartphones.

Processor- The company can bring the Pixel 8 series with Google’s in-house Tensor G3 chipset.

Both the smartphones of Google Pixel 8 are expected to get the latest operating system Android 14 pre-installed.

Camera- Pixel 8 series can be brought with 50MP Samsung ISOCELL GN2 primary sensor.

With the help of new smartphones with this technology, it can be helpful in clicking 35% more clear and light pictures.

Pixel 8 Pro is expected to be brought with a 64 MP ultra-wide sensor. Pixel 8 can be brought with a 12.2MP camera only.

Display-The company can bring Pixel 8 with 6.1-inch OLED screen and 120Hz refresh rate. 

Apart from this, Pixel 8 Pro can be brought with 6.7-inch flat display and 120Hz refresh rate.

Battery- Both phones of Google Pixel 8 series are expected to get 4,950mAh battery.

Digital Rupee: UPI can be paid with Digital Rupee in these 6 banks including SBI, know what is the process

By
Team Happen Recently
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Digital Rupee

Digital Rupee The country’s largest government bank SBI has allowed customers to make UPI payments through e-rupee. In this facility, UPI payment can be done by scanning the UPI QR code very easily. Now many more banks of the country have started this facility. The bank is taking this step to promote digital payments.

New Delhi, Business Desk. E-Rupi: E-Rupi facility started in the country’s largest government bank State Bank of India (SBI). Now UPI can be supported through E-Rupee. This facility is provided to Central Bank Digital Banking (CBDC). Friends has launched E-Rupee By SBI App to help in wealth. Through this app, customers can now easily make UPI payments by scanning the UPI QR code.

SBI Bank had launched retail digital e-Rupi last year in December 2022. The bank believes that digital payments have been promoted through the facility of e-Rupee. The aim of the bank is to bring digital revolution in India.

UPI can be done through e-Rupee in these banks also

Now along with SBI, Bank of Baroda (BOB), Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank and You can make UPI payment through digital rupee in many banks like IDFC First Bank. In such a situation, many people have a question that how to make UPI payment through digital rupee?

How to make UPI payment through e-Rupee?

Customers add e-Rupee to their e-wallet and then can make UPI payment through that e-Rupee. In such a situation, the customer will not need to keep cash. In such a situation, merchants can make payments in both CBDC and UPI.

Apart from this, many banks have also given the facility to customers to withdraw money from ATMs without a debit card. In this, customers can easily withdraw money from ATM through UPI.

About SBI

SBI is the largest commercial bank in the country. This bank is also the largest lender. By the current financial year 2023, the deposit of the bank was Rs 45.31 lakh crore.

UPI payments & loan facility: Loan can also be taken from UPI, RBI approves pre-approved credit line

By
Team Happen Recently
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UPI payments

 UPI Payments Loan Facility Loan is the right option to meet our needs in today’s time.  Many people can use UPI to promote digital payments in the country.  You can do small to big transactions through UPI.  Now loan can be easily taken through UPI also.

Many types of transactions are being done through UPI across the country.  Today, UPI is used for transactions ranging from groceries to bank accounts.  Now UPI has also started the facility of pre-approved loan for the people.  This facility has also been approved by the Reserve Bank of India.

 What is a pre-approved loan?

 In Pre-Approved Loan, customers can make payment even without any credit card.  Understand it in this way that just as you apply for a loan by going to the bank, in the same way you can apply for a loan through an app.  After its approval, the bank will give you a pre-approved credit line.  After this you can use it as per your need.

Today, savings accounts, overdraft accounts, prepaid wallets and credit cards are also being linked to UPI.  Banks decide the terms and conditions of credit lines.

 About UPI

 Many people in the country make payments through UPI.  Now it is being used abroad also.  Let us tell you that retail handles 75 percent of digital payments in India.  The facility to link RuPay credit cards with UPI is also being provided in the country.  Recently RBI has given information about UPI data.  10 billion UPI transactions have been done in August.  At the same time, there were 9.96 billion transactions in July.

People in the country can now make UPI payments through many apps linked to UPI i.e. Paytm, Phone-Pay, Mobikwik.  Many people can also make UPI payment through BHIM app.  UPI is considered safe for online payments.

Reliance Retail and Qatar Investment Authority deal completed, Reliance Retail gets Rs 8,278 crore

By
Team Happen Recently
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 Reliance Retail Ventures Limited (RRVL), owned by Reliance Industries, today announced that RRVL has received Rs 8278 crore from Qatar Investment Authority (QIA) for approximately 1 per cent shares.  QIA is Qatar’s leading retailer.  In the transaction, Reliance Retail has allotted 6.86 crore shares to Qatar Investment Authority.  Read the full news.

Reliance Retail Ventures Limited (RRVL), owned by the country’s largest company Reliance Industries, today said RRVL has received Rs 8,278 crore from Qatar Investment Authority (QIA) for about 1 per cent stake.

 How many shares did Qatar Investment Authority get?

 Reliance Retail and Qatar Investment Authority were allotted 6.86 crore equity shares in the deal, according to a regulatory filing by Reliance Industries Ltd (RIL).

Let us tell you that Qatar Investment Authority is the leading retailer of Qatar.  RRVL is the holding company of RIL’s retail business.

 Reliance had announced disinvestment in August

 The investment has been made by a wholly owned subsidiary of the Qatar Investment Authority in India’s largest retailer (Reliance Retail) at a valuation of Rs 8.278 lakh crore (US$100 billion).

 Let us tell you that on August 23, RIL had announced the sale of 1 percent stake in RRVL to QIA for Rs 8,278 crore (US$ 1 billion).

Company’s valuation doubled in less than three years

 Referring to the purchase of about 1 per cent stake in Reliance Retail Venture Limited (RRVL) by Qatar Investment Authority (QIA) by investing Rs 8,278 crore (US$1 billion) at a valuation of US$100 billion, Mukesh Ambani said at the Reliance AGM  It was said that the valuation of the company has doubled in less than three years.

RRVL had raised $6.4 billion in 2020

 In 2020, Reliance Retail had raised Rs 47,265 crore (about US$6.4 billion) from global private equity funds for a 10.09 percent stake, valuing the company at over Rs 4.2 lakh crore.

 The company had raised funds from Silver Lake, KKR, Mubadala, Abu Dhabi Investment Authority, GIC, TPG, General Atlantic and Saudi Arabia’s Public Investment Fund at a valuation of about US$57 billion at that time.

Not talking about buying stake in Haldiram: Tata Consumer

By
Team Happen Recently
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 Tata Consumer Products Limited (TCPL) has announced that it is not in talks to acquire 51 per cent stake in Haldiram.  According to some reports, the FMCG division of Tata Group is in talks with Haldiram to buy its shares.  In some media reports, it is also being said that there is no consensus on the high valuation.

Tata Consumer Products Limited (TCPL) has said that it is not in talks to buy 51 per cent stake in Haldiram’s.

 According to some reports, the FMCG arm of Tata Group is in talks with the company to buy a stake in it.

High valuation did not matter

 However, it was also said in the media reports that due to the high valuation, nothing has been done yet.  Haldiram is a leading company in the snacks, namkeen as well as restaurant sector.  This clarification from the company

 After the arrival of this news, answers have been given by NSE and BSE after seeking their reply.

both parties silent

 A company spokesperson had said on Wednesday, “Tata Consumer Products does not comment on speculations running in the market.”  When contacted, the management of Haldiram’s refused to comment in this regard.

 TCPL has brands such as Tata Salt, Tata Tea, Tetley, Tata Coffee, Tata Soulful and Eight O’Clock in the tea, coffee and beverages segment and Himalayan, Gluco+ in liquid beverages.  The company is also expanding into the food and beverages sector.

Sale of iQoo Z7 Pro phone with 12GB RAM 64MP camera started, getting a discount of Rs 2 thousand

By
Team Happen Recently
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 iQoo Z7 Pro Smartphone Sale Start Customers can buy iQoo Z7 Pro online from Amazon.in and iQoo.com.  2000 instant discount is available on SBI and HDFC bank cards.  The smartphone packs a 4600 mAh battery with 66W fast charging support.  Is.  The design of this phone is quite premium and it has a powerful camera.

iQoo launched its new Z-series smartphone, the iQoo Z7 Pro, in India last week.  The smartphone is now available for purchase in the country.  Talking about the features, the iQoo Z7 Pro sports an FHD+ display and is powered by a MediaTek chipset.

 The smartphone packs a 4600 mAh battery with 66W fast charging support.  iQOO Z7 Pro gets a large 6.74-inch screen, which has Full HD resolution.  The design of this phone is quite premium and it has a powerful camera.  Many offers and bank discounts are being given on this smartphone.

iQoo Z7 Pro price and offers

 Customers can purchase the iQoo Z7 Pro online from Amazon.in and iQoo.com.  The smartphone comes in two variants – 8GB+128GB and 8GB+256GB variants which are priced at Rs 23,999 and Rs 24,999 respectively.  iQoo Z7 Pro comes in two color options – Blue Lagoon and Graphite Matte.

 As part of the launch offer, the smartphone maker is offering Rs 2,000 instant discount on SBI and HDFC bank cards.  Customers can also avail additional discount of Rs 2,000 on exchange and no cost EMI for up to 6 months.

Features of Qoo Z7 Pro

 iQOO Z7 Pro gets a bigger 6.74-inch screen.

 The phone comes with MediaTek Dimensity 7200 processor.

 The phone has 12GB RAM and 256GB storage.

 iQOO’s new 5G phone packs a 4,600mAh battery that supports 66W charging speed.

 iQOO is still giving a charger in the retail box with the 5G phone.

 iQOO Z7 Pro has a dual rear camera setup, with a 64MP main camera and a 2-megapixel sensor.

 For selfies, the phone has a 16-megapixel sensor on the front.

RuPay Card will compete with MasterCard and Visa globally, RBI will showcase its products in the G-20 meeting.b

By
Team Happen Recently
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RuPay Card

 RBI will show its five digital products to the world in the meeting of G-20 top leaders to be held at Bharat Mandapam in New Delhi on 9th and 10th September.  This will also include RuPay Card.  Please tell that there will be no need to keep the RuPay on Go card.  You will be able to keep this card in digital form also and all types of payments can also be made through it.

India’s RuPay card will compete with foreign MasterCard and Visa globally.  RBI has made complete preparations for this.  RBI will showcase its five digital products to the world in the meeting of G-20 top leaders to be held at Bharat Mandapam in New Delhi on September 9 and 10.

 These include UPI One World, Frictionless Credit Platform, Central Bank Digital Currency, RuPay on the Go and Bharat Bill Payment System.  All these products have the power to take over the world and this is also the intention of RBI.

RuPay Card charges much less than Mastercard

 Highly placed sources said that at present, consumers around the world mainly use Mastercard or Visa for credit cards or debit cards.  The charges for using these cards are also high.  The charges for using the RuPay On Go card will also be much lower as compared to Mastercard and Visa and will also have additional technical features.

 According to sources, there will be no need to keep the RuPay on Go card.  This card can also be kept in digital form and all types of payments can also be made through it.

Many countries showed interest in UPI payment system

 According to highly placed sources, several countries in Latin America and Africa are in touch with India for RuPay on Go and UPI payment facilities.  Due to the introduction of RuPay cards globally, there will be no need for dollars for payments abroad and payments for exports can also be made.

 The pilot project of frictionless credit has been running in many states of the country since last year, under which the loan amount is credited to the customer’s account in a few minutes.  Currently farmers and dairy entrepreneurs are taking advantage of this.

According to RBI sources, soon MSME and personal loans will also be given through frictionless credit platform.  Later this method can be adopted for all types of loans.  Many big and small countries have already expressed their interest regarding India’s UPI payment system.

The RBI’s display will also showcase the Bharat Bill Payment System through which Indians living abroad will be able to pay their bills in India without using any account.  India aims to showcase its digital innovation to all countries and inspire them to adopt it.

Petrol Diesel Price: Crude oil crosses $ 90, change in petrol-diesel prices?

By
Team Happen Recently
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Petrol Diesel Price

 Petrol Diesel Price Today Petrol-diesel prices are released every day at 6 am.  There is no change in the prices of petrol and diesel today.  In Delhi, one liter of petrol is being sold for Rs 96.72 and diesel for Rs 89.62 per liter.  However, due to reduction in production in Saudi Arabia and Russia, the price of crude oil has again crossed $ 90.

Petrol Diesel Price: The price of crude oil has once again crossed $90 per barrel.  The benchmark Brent crude is priced at $90.15 per barrel and WTI crude is priced at $86.79 per barrel.  The reason for the rise in the price of crude oil is the announcement of production cut by Saudi Arabia and Russia.

 There has been no change in the price of petrol and diesel amid fluctuations in crude oil.  Prices remain stable.  Prices have remained the same in many big cities including Delhi, Kolkata and Mumbai.

Petrol and diesel prices in Delhi, Kolkata, Mumbai and Chennai

 Petrol in Delhi Rs 96.72 and diesel Rs 89.62 per liter

 Petrol Rs 106.03 and diesel Rs 92.76 per liter in Kolkata

 Petrol Rs 106.31 and diesel Rs 94.27 per liter in Mumbai

 Petrol in Chennai Rs 102.77 and diesel Rs 94.37 per liter

Petrol and diesel price in other cities

 Petrol in Jaipur Rs 108.25 and diesel Rs 93.51 per liter

 Petrol in Patna Rs 107.74 and diesel Rs 94.51 per liter

 Petrol in Chandigarh is Rs 96.20 and diesel is Rs 84.26 per liter.

 Petrol in Hyderabad Rs 109.66 and diesel Rs 97.82 per liter

 Petrol in Noida Rs 96.59 and diesel Rs 89.76 per liter

 Petrol in Gurugram Rs 96.96 and diesel Rs 89.83 per liter

 Petrol in Indore Rs 108.68 and diesel Rs 93.96 per liter

 Petrol in Bhopal Rs 108.47 and diesel Rs 93.74 per liter.

Prices are released every day

 Petrol-diesel prices are released every day at 6 am.  In this, along with the price of petrol and diesel, taxes levied by the central and state governments, dealer commission and cost of transportation are included.

Jupiter Life Line Hospitals IPO: IPO of this hospital chain opens from today, know all the details from price band

By
Team Happen Recently
-

Jupiter Life Line

 Jupiter LifeLine Hospitals IPO The IPO of Jupiter LifeLine Hospitals will be open till 8 September.  This price band has been fixed from Rs 695 to Rs 735 per share.  The size of this public issue is Rs 869.08 crore.  This includes fresh issues of Rs 542 crore.  Its lot size is 20 shares.  Jupiter LifeLine Hospitals operates a hospital chain in the MMR region.

Jupiter LifeLine Hospitals IPO: The IPO of hospital chain running company Jupiter LifeLine Hospitals Limited opened for general investors on Wednesday (September 6).  Investors can bid in this IPO till 8 September.  The price band of this IPO has been fixed from Rs 695 to Rs 735 per share.

What is the size of IPI?

 The public issue size of Jupiter Life Line Hospitals Limited is Rs 869.08 crore.  Of this, there is a fresh issue of Rs 542 crore, while there is an OFS of 44.5 lakh equity shares.

 The lot size in the Jupiter LifeLine Hospitals IPO has been set at 20 shares and retail investors will have to invest a minimum of Rs 14,700 to place a bid.  Before the IPO opens to the public, Jupiter LifeLine Hospitals has raised Rs 261 crore from anchor investors.

When will the share be listed in the stock market?

 Share allotment in Jupiter LifeLine Hospitals IPO can happen on 13th September and those who will not get share allotment.  Their refund will come back by September 14.  At the same time, by September 15, the shares will come into the demat account of the people who have got the allotment.  The listing of the shares can happen on September 18 on NSE and BSE.

Jupiter Life Line Hospitals Business

 Jupiter Life Line Hospitals operates three hospitals (as on March 31, 2023) with 1,194 beds in the Mumbai Metropolitan Area (MMR) and western India.  The company is also building a 500-bed hospital in Dombivli, Maharashtra, and its construction has also started in April 2023.

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