According to economists at Bank of Baroda, India’s central bank RBI may reduce/cut its lending rate twice in the second half of this year (FY24) after raising interest rates by 250 basis points in the last financial year (FY23). As a result, the repo rate will fall to 6%, from 6.5% currently. The economists at
In today’s global market, investors, new and old, are constantly on the lookout for opportunities to expand and diversify their portfolios. The US Dollar, as one of the world’s most stable currencies is hugely popular to build a strategy around. As a trader, you’re able to rally behind or trade against the US dollar, when strategically
A Delhi consumer forum has ordered the SBI Cards & Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending him a bill even after his card expired and blacklisting him for non-payment of charges. Monika A Srivastava, the president of the New Delhi District Consumer Disputes Redressal Forum, as
Life insurance is an invaluable resource when protecting your family and your property. Not only does life insurance provide financial protection should the unexpected occur, but it also allows you to invest in long-term goals and secure a comfortable future for yourself and those you love. Let’s explore the different types of life insurance available
LocalCircles surveyed people who said they find it difficult to spend the biggest denomination of cash, despite many reports that petrol pumps, jewellery stores, and even e-commerce delivery people are being flooded with 2000 notes. According to the central bank of India, this note will cease to be circulated, but it will remain legal tender
LIC’s shares surged over 3% in morning trade on Thursday after the insurer reported a five-fold increase in fourth-quarter net profit. In Q4, India’s largest life insurer made a net profit of ₹13,428 crore, up from ₹2,372 crore in Q4. On a sequential basis, LIC’s bottom line grew from 8,334 crore in Q3 by 61%.
Metal, IT and banking stocks declined in the first half of trade on Thursday, amid negative cues from global markets. With Sensex at 61,571 points and Nifty50 at 18,219 points, both benchmark indices were down 0.3%. Sensex and Nifty50 gainers and losers Top gainers Change Top losers Change Bharti Airtel 2.38% Adani Enterprises -2.48% Bajaj
Unified Payments Interface (UPI) support for RuPay credit cards was launched by Google Pay on Tuesday in association with the National Payments Corporation of India (NPCI). RuPay credit cards can now be linked to Google Pay so that users can make payments at all merchants that accept RuPay credit cards, both online and offline. This
Covid-19, along with its unexpected boost to the Indian housing market, has come and gone – and yet, residential real estate continues to sell at a rapid clip, after many years that saw developers struggling with low demand and mounting inventory. How did this happen? Is this demand sustainable? Is it a bubble that will
First among the equals is Adani group stock Ports and SEZ, which has seen its share price bounce back to pre-Hindenburg levels. As of Tuesday, Adani Ports & SEZ shares rose by 6% to 773 apiece, up from the closing price of 761 on January 24. Hindenburg Research’s report was published on that day, sparking
