The overnight MCLR at HDFC Bank has risen by 5 bps, moving from 9.15% to 9.20%. HDFC Bank Loan Rates: HDFC Bank has increased its marginal cost of funds-based lending rate (MCLR) for short-term periods by up to 5 basis points (bps). The revised HDFC Bank MCLR interest rates now span from 9.20% to 9.50%….
Experts suggest that buying during price dips remains advantageous, with possibilities of reaching 25,500 in the near term. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday. While BSE Sensex opened over 100 points down, Nifty50 was above 24,650. At 9:16 AM, BSE Sensex was trading…
NEW DELHI: India’s gross foreign direct investment (FDI) inflows rose nearly 29% to $42.3 billon during the first half of the current fiscal year, taking the overall overseas investment to $1 trillion since April 2000.The rise during the current fiscal year comes after two consecutive years of fall, indicating that investors globally are more upbeat…
Representative AI image via Lexica MUMBAI: The wealth of Indian billionaires surged 42% to over $905 billion during the last financial year, positioning it as the third largest base behind the US and China, a report by Swiss bank UBS said. In contrast, in China, where the Xi Jinping regime has gone after businesses, billionaires…
NEW DELHI: The Unified Payments Interface (UPI), since its launch in 2016, has vastly transformed financial access in the country, enabling 300 million individuals and 50 million merchants to perform seamless digital transactions, and till October last year, 75% of all retail digital payments in India were made through UPI, according to a research paper…
NEW DELHI: Mahindra & Mahindra on Saturday said it is dropping the word ‘e’ from the name of its new electric SUV ‘BE6e’ after Interglobe, the parent of IndiGo airlines, objected to the use of 6E which is its flight code. The company, however, said it will contest Interglobe’s objections to the nomenclature of its…
Finance minister Nirmala Sitharaman (File photo) NEW DELHI: Asserting that September quarter growth numbers do not indicate a systemic slowdown, finance minister Nirmala Sitharaman on Friday said that economic activity will pick up in third quarter and India will remain the fastest growing major economy over the next few years.“The fourth quarter, which was very…
RBI governor Shaktikanta Das MUMBAI: Reserve Bank of India (RBI) on Friday kept the policy rate unchanged for the 11th consecutive time at 6.5%, cut the economic growth forecast to 6.6% for 2024-25 from the earlier 7.2%, and reduced the cash reserve ratio (CRR) by 50 basis to 4%, which is expected to release nearly…
In order to attract more capital inflows, it has been decided to increase the interest rate ceilings on FCNR(B) deposits. (AI image) Cheer for NRIs! The RBI has enhanced the interest rate ceiling for FCNR(B) deposits to overnight Alternative Reference Rate (ARR) plus 400 basis points for deposits with maturities between 1 year and less…
LG Electronics India Ltd, the Indian subsidiary of South Korea’s LG Electronics Inc, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The public issue, entirely an offer for sale (OFS), involves the sale of 10.18 crore equity shares by the promoter, LG Electronics Inc,…
