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New Delhi: Senior citizens looking to grow their savings have good news! Some banks are offering attractive fixed deposit (FD) rates of up to 8.25 per cent for a three-year term. This special rate is available for those aged 60 and above, with a maximum investment limit of Rs 3 crore. Senior citizens can now enjoy some of the highest FD rates in the market. Here's a look at the banks offering attractive fixed deposit options for those aged 60 and above: Slice Small Finance Bank - Offers an imp ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty surged on Friday in line with a global market rally amid rising hopes that the US Federal Reserve will cut interest rates next week. Optimism over a successful conclusion of India-US trade talks has also fuelled a rally in markets. Rallying for the fifth day in a row, the 30-share BSE Sensex jumped 355.97 points or 0.44 per cent to settle at 81,904.70. During the day, it surged 444.12 points or 0.54 per cent to 81,992.85. The 50-share NSE Nifty r ...Read More >
European government bond yields remained steady this week, diverging from U.S. Treasuries due to differing central bank outlooks. The ECB held rates steady, leading to expectations of a December rate cut. Market focus shifts to Fitch's review of France's sovereign debt rating, potentially impacting the spread between French and German bond yields. European government bond yields were on course to end the week steady, diverging from their U.S. counterparts on differing outlooks for their respect ...Read More >
Sept 12 (Reuters) - The Nasdaq notched a record high close on Friday in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve's policy meeting next week, when it is widely expected to cut interest rates to counter a slowdown in the jobs market. Fueled by Tesla and other technology-related stocks, the Nasdaq added to a rally in the previous session that saw all three indexes hit all-time highs. Investors are laser-focused on the Fed's meeting on Tuesday a ...Read More >
New Delhi: In a bid to boost climate finance, the Union ministry of new and renewable energy (MNRE) plans to urge the finance ministry to offer tax incentives to green bond buyers, according to two people familiar with the matter. The consideration aims to boost investor interest in green bonds, which is necessary to meet the financing requirements for the clean energy targets. "Though sovereign green bonds were launched a few years back, they are yet to pick up. Now the interest rate of green ...Read More >
STORY: Wall Street hit a milestone on Tuesday as all three major stock indexes closed at record highs, with the Dow adding more than four-tenths of a percent, the S&P 500 gaining over a quarter of a percent and the Nasdaq climbing more than a third of a percent. Data released on Tuesday showed U.S. employers added nearly a million fewer jobs in the 12 months through March than previously estimated. The large downward revision supported expectations the Federal Reserve will soon cut interest ra ...Read More >
Sept 12 (Reuters) - European shares slipped in choppy trading on Friday, weighed by a drop in healthcare stocks, while investors also braced for Fitch's credit rating verdict on France later in the day. After rising nearly 0.2% earlier in the day, the pan-European STOXX 600 (.STOXX), opens new tab reversed course and was last down 0.2% to 554.8 points, as of 0845 GMT. Healthcare stocks (.SXDP), opens new tab weighed the most, slipping 0.6%. Swiss pharmaceutical company Novartis (NOVN.S), opens ...Read More >
Kolkata, Sep 12 (PTI) The Engineering Export Promotion Council (EEPC), India, has urged the government to provide support to absorb a part of the punitive tariff imposed by the US on engineering exports. It also requested the Centre to reinstate the Interest Equalisation Scheme (IES) and ensure affordable export finance. During a meeting with Reserve Bank of India Governor Sanjay Malhotra, EEPC India Chairman Pankaj Chadha stated that the engineering sector was under pressure due to the recent ...Read More >
BENGALURU, Sept 10 (Reuters) - Australia's home prices will rise around 5-6% over the next two years as lower borrowing costs provide a fillip to home sales, although affordability pressures may cap gains, according to a Reuters poll of property analysts. While a 5% rise pales in comparison with past booms, any sustained growth in house prices will make it harder for first-time buyers to get a foothold in Australia's already expensive housing market - the median home price is nearly eight times ...Read More >
Mumbai: The Indian rupee saw a modest recovery on Friday from its record low a day earlier on inflows from a domestic IPO and dollar sales by the Reserve Bank of India (RBI) to prevent steep rupee depreciation. The rupee closed at 88.275 to a dollar, up 16.6 paise compared to Thursday's record low closing of 88.44. Abishek Goenka, founder and chief executive officer at IFA Global said, "The rupee appreciated marginally today boosted by rising expectations that the US Federal Reserve will begin ...Read More >
Chennai: MSME exports who have been hit by the high US tariffs, are also facing challenges with their bank credit. MSMEs with US exposure are witnessing a downgrade in their credit rating after the 50 per cent tariff came into effect. As a result, MSMEs will end up paying higher interest rates besides providing substantial collateral. Several companies, especially MSMEs in the sectors which have a high exposure to the US, are currently facing a threat of credit rating downgrade. The external cr ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as t ...Read More >
Mumbai Police is preparing to issue a lookout circular against Bollywood actor Shilpa Shetty and her husband Raj Kundra in a fraud case. The celebrity couple is accused by embezzling about Rs 60 crore from a businessman. What is the allegation? Businessman Deepak Kothari had alleged that between 2015 and 2023, the couple had taken Rs 60 crore from him under the pretext of expanding their business but spent it on personal expenses. This amount was taken through a company named Best Deal TV Pvt ...Read More >
New Delhi, Sep 3: Gold prices rallied Rs 1,000 to touch a fresh record high of Rs 1,07,070 per 10 grams in the local markets on Wednesday amid hopes of Fed easing rates, mounting geopolitical tensions and growing worries around the US economy. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,06,070 per 10 grams on Tuesday. Delhi Market Sees Consecutive Gains In the Delhi market, gold of 99.5 per cent purity extended the gains for the ...Read More >
New Delhi [India], September 2: In the ever-evolving world of investing, Indian investors are constantly seeking options that provide a fine balance between risk and returns. This is where hybrid mutual funds have carved a niche for themselves in the Indian financial market. With increasing awareness about investment diversification, hybrid mutual funds are gaining traction among investors of all kinds--from beginners to seasoned professionals. This article delves deeply into what hybrid mutual ...Read More >
Mumbai (Maharashtra) [India], August 29 (ANI): Bank deposits with Scheduled Commercial Banks (SCBs) recorded a year-on-year growth of 11.3 per cent as of June-end 2025, slightly lower than the 11.7 per cent growth (net of merger) seen a year earlier, according to the latest quarterly data released by the Reserve Bank of India on Friday. The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth ...Read More >
Mumbai (Maharashtra) [India], August 29 (ANI): Bank deposits with Scheduled Commercial Banks (SCBs) recorded a year-on-year growth of 11.3 per cent as of June-end 2025, slightly lower than the 11.7 per cent growth (net of merger) seen a year earlier, according to the latest quarterly data released by the Reserve Bank of India on Friday. The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth ...Read More >
Indian ready-made garment (RMG) industry revenue growth is projected to slow significantly due to the US imposing 50% tariffs on imports from India starting August 27, 2025. Crisil's analysis indicates a decline in profitability and weakened credit metrics for RMG exporters, particularly those heavily reliant on the US market. An analysis of over 120 ready-made garment (RMG) makers with a total revenue of Rs 45,000 crore by Crisil has shown that the revenue growth of the country's RMG industry ...Read More >
New Delhi [India], August 26 (ANI): The revenue growth of India's readymade garment (RMG) industry is expected to slow sharply to 3-5 per cent this fiscal, nearly halving from last year's levels, according to a report by Crisil Ratings. The report added that that will impact the credit indicators for industry participants, as well as a drop in profitability. The impact will vary by company, some of which get more than 40 per cent of their revenue from the US, the report added, based on the ana ...Read More >
Gold prices fell ₹250 to ₹1,00,370 per 10 grams in the national capital on Friday amid a weak global trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at ₹1,00,620 per 10 grams on Thursday. In the national capital, gold of 99.5 per cent purity slipped ₹150 to ₹1,00,050 per 10 grams (inclusive of all taxes) on Friday. It had settled at ₹1,00,200 per 10 grams in the preceding session. However, silver prices rallied by ₹1,000 ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
Mumbai, Aug 26 (PTI) India's readymade garment industry's revenue growth is expected to almost halve to 3-5 per cent this financial year, as the US imposes 50 per cent tariffs on its imports from India, which will become effective from August 27, 2025, a report said on Tuesday. Readymade garment (RMG) exports totalled USD 16 billion last fiscal, which accounted for 27 per cent of the sector's total revenue, Crisil Ratings said in a report. A third of the exports were to the US, and the 50 per ...Read More >
New Delhi, Aug 26 (PTI) Gold prices jumped by Rs 600 to Rs 1,00,770 per 10 grams in the national capital on Tuesday, supported by a weak rupee and firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,00,170 per 10 grams on Monday. Gold of 99.5 per cent purity climbed Rs 500 to Rs 1,00,400 per 10 grams (inclusive of all taxes) from the last close of Rs 99,900 per 10 grams. Silver prices rallied by Rs 3,000 to revisit t ...Read More >
New Delhi, Aug 26 (PTI) Nearly one-third of school students take private coaching and the trend is more common in urban areas, the Centre's Comprehensive Modular Survey (CMS) on education has found. The survey noted that government schools play a pivotal role in providing education across India, accounting for 55.9 per cent of total enrolments. "It is higher in rural areas, where two-thirds (66.0 per cent) of students are enrolled, in comparison to urban areas (30.1 per cent). The private unai ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A significant plunge in the crypto market has sent shockwaves across the industry over the last 24 hours, leaving a trail of liquidations in its wake. Around 200,000 traders were forced out of their positions as Bitcoin plunged to a seven-week low, wiping out more than $900 million in liquidations over a single day. According to CoinGlass, most of those losses came from long bets ...Read More >
New Delhi [India], August 26 (ANI): The revenue growth of India's readymade garment (RMG) industry is expected to slow sharply to 3-5 per cent this fiscal, nearly halving from last year's levels, according to a report by Crisil Ratings. The report added that that will impact the credit indicators for industry participants, as well as a drop in profitability. The impact will vary by company, some of which get more than 40 per cent of their revenue from the US, the report added, based on the ana ...Read More >
NewsVoir Gurugram (Haryana) [India], August 25: VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), the nation's largest bank, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions ahead of the company's highly anticipated launch. Under the agreement, customers will enjoy tailored financing solutions, including attractive inter ...Read More >
(Reuters) -U.S. stock index futures slipped on Thursday, as investors stepped to the sidelines and awaited an earnings report from big-box retailer Walmart and clues on the Federal Reserve's next policy move from a three-day conference in Jackson Hole. A sharp decline in technology stocks such as Nvidia, AMD, Palantir and Meta earlier this week signaled investor fears that the stocks, which have soared since April lows, are now overvalued, while Washington's growing interference in the sector h ...Read More >
Pune (Maharashtra) [India], August 20: In India, the period from August to November is considered auspicious because of the various festivals celebrated during this time, including Ganesh Chaturthi and Diwali. These festivals are believed to bring happiness and prosperity. This positive sentiment makes the festive season the ideal time to invest in properties. Prospective homebuyers can also benefit from festive offers, such as special interest rates and slashed processing fees. To this end, Baj ...Read More >
New Delhi [India], August 20 (ANI): Indian stock markets on Wednesday closed with both benchmark indices higher after recovering from early losses. Sensex rose 213.45 points, or 0.26 per cent, to settle at 81,857.84, while the NSE Nifty 50 gained 69.90 points, or 0.28 per cent, ending at 25,050.55. Over the past five sessions, the Sensex has advanced around 2.3 per cent and the Nifty about 2 per cent, lifted by optimism around proposed Goods and Services Tax (GST) reforms. Experts note that str ...Read More >
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