The government has decided to reduce the Public Provident Fund interest rate by 0.01 per cent with effect from April 1. According to a Finance Ministry statement issued, the post office saving scheme PPF’s interest rate which is currently 8.8 per cent has been slashed down by 0.01 per cent standing at 8.7 per cent […]
According to Shikha Sharma, MD and CEO of Axis Bank, long term savings should be given more incentives. This covers broad based savings instruments such as pensions, insurance, and long term savings through bank deposits. In the last few years , it has been observed that the savings rate has declined to 30 per cent […]
Fixed deposits starting for a period of six months to three years has been launched by Omaxe Limited. The company with these fixed deposits is planning to raise capital of Rs. 250 crores. Rs. 25,000 will be the minimum amount of investment in the fixed deposits followed by multiples of Rs. 1000 thereafter. Omaxe Limited […]
J Hari Narayan, the Outgoing insurance regulator said that the size of funds managed by insurers in the country is expected to touch Rs. 30 Lakh crore mark in the coming five years with nearly 70% jump from the current level. He also said that the total controlled fund when the insurance industry was opened […]
On Monday, Times Card, a Co-branded credit card was launched by Times internet and HDFC Bank. This card provides a unique opportunity to the card holders to avail as high as 25% discounts in movie halls and restaurants like Cinemax, Papa John’s and CaféMocambo. Times Internet Vice President and Business Head, Archana Vohra said that […]
For many, the idea of contemplating one’s mortality and health prospects is as appealing as writing a “living will”. Nevertheless, what would you really want to happen to your family, should you become permanently incapacitated or terminally ill? Trying to second-guess the key outcomes in life, the ‘What if?’ questions, we all know is a […]
The Bombay Stock Exchange has a constant increasing demand that is why it is planning to process and enhancement in its IT capabilities. With this improvement it will be able to cater one lakh orders a second. The organization wanted to enhance their scalability since base on their record, they get around 10,000 orders a […]
A new tie up is established with Religare Securities and Mubasher Financial Services BSC. This partnership is to provide equities in Indian and international markets to customers in their respective area. One of the advantages with this alliance is the many investment opportunities that would come in on both parties. Indian markets would surely benefit […]
