Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%. Image: Union Finance Minister Arun Jaitley (centre) with Bharti Enterprises Chairman Sunil Bharti Mittal (left) and Kotak Mahindra Bank, Executive VC, Uday Kotak during the launch of Airtel Payments Bank in New Delhi on Thursday. Photograph: Shahbaz Khan/PTI Photo. Bharti Enterprises chairman Sunil Bharti Mittal has launched India’s first payments ... Rediff.com, 1 week ago
On October 27, the Reserve Bank of India had allowed start-ups to borrow up to $3 million or around Rs 20 crore a year either in rupees or any convertible foreign currency. Indian start-ups might look at raising funds through the more liberalised external commercial borrowing route to spend on marketing, setting up offices in the US and Europe, and expanding their business. This would also give them access to debt money, a crucial factor at a time when they’re stabilising and growing ...Rediff.com, 2 months ago
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April. Initiating a debate after listed business was suspended to take up a discussion on the November 8 decision to withdraw old higher denomination currency, Anand Sharma ...Rediff.com, 2 months ago
IMAGE: Bollywood actress Prachi Desai ringing the bell for special Muhurat trading session at Bombay Stock Exchange in Mumbai on Sunday. Photograph: Sahil Salvi Markets ended the customary 'Muhurat' trading session to usher in the new year Samvat 2073 on a negative bias with the broader markets outperforming the benchmark indices. The S&P BSE Sensex ended down 11 points at 27,930 and the 50-share Nifty settled 12 points lower at 8,626. In the broader markets, the BSE Midcap index gained ...Rediff.com, 2 months ago
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1% Markets ended two-day losing streak and ended marginally higher, amid a choppy session, on renewed buying interest in index heavyweights like HDFC and ITC. However, further upside was capped due to selling in select auto and information technology shares. The benchmark S&P Sensex closed at 27,916 level up 79 points or 0.3% whereas the Nifty50 index closed flat at 8,615 mark. The ...Rediff.com, 2 months ago
on your WebpageAdd Widget >Get your members hooked!