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Business
However, there is a difference between an SBI fixed deposit and reinvestment plan.
State Bank of India or SBI, the largest lender of the country, offers a variety of products ranging from savings and fixed deposit accounts to tax-saving and gold monetisation schemes. One of these products offered by SBI is the SBI Reinvestment Plan, which works
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Read more: This SBI Fixed Deposit Variant Pays Interest At Maturity Only
Write comment (95 Comments)Bank fixed deposit: HDFC Bank recently revised its interest rates on fixed deposits on select maturities
Banks make adjustments in the interest rates for retail customers from time to time. Lenders adjust these interest rates based on factors such as cost of borrowing from the Reserve Bank of India (RBI). The central bank earlier this month
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Read more: Want To Open A Fixed Deposit Account Compare New Interest Rates
Write comment (92 Comments)Heavyweights SBI and ICICI Bank - rising more than 3 per cent each - pushed the 50-scrip Nifty higher
Domestic stock markets extended gains to a second straight session, with the BSE Sensex closing 135 points higher on Monday. Banking and financial stocks led advances in the markets while HDFC Asset Management Company shares registered a strong
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Read more: Sensex, Nifty Close At Record Levels; SBI, ICICI Bank Shares Jump 3%
Write comment (92 Comments)Mahindra - Mahindra's revenue from operations grew over 9% to Rs 13,520 crore in Q1
Mahindra - Mahindra reported a better-than-expected 63 per cent surge in first-quarter profit on Tuesday, underpinned by robust sales.
Standalone profit after tax, which does not include share of profit from its unit Mahindra Vehicle Manufacturers, stood at
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Read more: Mahindra Mahindra April-June Profit Jumps 63%, Beats Street Estimates
Write comment (96 Comments)India Post (post office) account return: Individuals can choose from a range of savings scheme accounts
Did you know you can choose from nine different types of accounts at the post office today Besides postal services, India Post - which has a network of more than 1.5 lakh post offices across the country - offers several types of banking and
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Read more: Post Office Savings Scheme: The Types Of Accounts You Can Open
Write comment (99 Comments)Reliance Communications Ltd (RCom) said on Monday it had received approval from the Supreme Court to proceed with the sale of its wireless assets to Reliance Jio after it agreed to pay 5.5 billion rupees ($80.06 million) to settle dues with Swedish telecom gearmaker Ericsson.
In May, India's bankruptcy court admitted a plea by Ericsson seeking
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Read more: Reliance Communications, Sweden's Ericsson Reach Rs 550 Crore Settlement
Write comment (93 Comments)IRCTC Auto Upgradation Scheme: Upgradation of passengers are done in one class above.
IRCTC (Indian Railway Catering and Tourism Corporation) offers the option of auto 'class upgradation' on online ticket booking. Under this offering, Indian Railways upgrades full fare paying 'waiting list passengers' to the next higher class against the available
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Read more: IRCTC Ticket Booking: 10 Things To Know About Auto Upgradation Scheme
Write comment (93 Comments)Indiabulls Housing Finance said the new interest rates will be applicable to new and existing customers
Indiabulls Housing Finance on Monday announced an increase of 20 basis points in interest rates for home loans. After the revision, the interest rates on home loans worth up to Rs 35 lakh will start at 8.7 per cent, Indiabulls Housing Finance s
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Read more: Indiabulls Housing Finance Hikes Home Loan Interest Rates
Write comment (99 Comments)Pink line metro: A total of 23 trains will ply on Delhi metro's new corridor.
The service on Durgabai Deshmukh South Campus -Lajpat Nagar section of Delhi Metro's pink line was today flagged off by Union Minister Hardeep Puri and Delhi Chief Minister Arvind Kejriwal, reported news agency Press Trust of India (PTI). Delhi Metro's new service will
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Read more: Delhi Metro Opens New Section On Pink Line. All Details Here
Write comment (100 Comments)Punjab National Bank (PNB) reported its second consecutive quarter of loss as the country's second-biggest state-run lender set aside more funds for a massive fraud it disclosed earlier this year.
Net loss was Rs 940 crore ($136.72 million) for the three months to June 30, compared with a profit of Rs 343 crore a year earlier, the bank said in a
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Read more: Punjab National Bank Posts Second Quarterly Loss In A Row, Shares Fall
Write comment (94 Comments)BPCL will carry out modifications at various units to raise capacity of the plant to 156,000 bpd
New Delhi: Bharat Petroleum Corp will shut its 120,000 barrels-per-day (bpd) joint venture Bina refinery from mid-August for 45 days, a month ahead of the previous plan after a minor fire at the delayed coker, two sources said on Monday.
The refiner has
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Read more: Bharat Petroleum To Shut Bina Refinery For 45 Days: Report
Write comment (94 Comments)An e-way bill can be generated by a registered person or transporter using the GST Common Portal
E-Way bill is a document required to be carried by transporter of consignments under certain conditions. This document can be created online using the government's website ewaybillgst.gov.in. The e-way bill system under Goods and Services Tax (GST), the
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Read more: What is E-Way Bill And Who Needs To Carry It Five Things To Know
Write comment (96 Comments)Huawei has built up its business in more price-conscious markets.
Ren Zhengfei, the founder of Chinese telecoms behemoth Huawei, likens the company to a ruthless "wolf" tirelessly running down its prey, an ethos that could soon make it the apex predator of the smartphone world.
Despite being essentially barred from the critical US market, Huawei
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Read more: Chinese Tech 'Wolf' Huawei Stalks Apple And Samsung
Write comment (96 Comments)Jet Airways scheme is applicable on both one-way and return tickets.
Jet Airways has announced 30 per cent discount on international flight tickets under a special nine day 'Global Fare' sale offer, a press release issued by the company said. Jet Airways new offer is available for both economy and premium class flight tickets. The booking period of
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Read more: Jet Airways' Independence Day Sale: Airline Offers Discount On Flight Tickets
Write comment (94 Comments)HDFC Bank has revised fixed deposit interest rates for both general and senior citizens of the country.
HDFC Bank, the largest private lender of the country, revised its fixed deposit or FD interest rates on select maturities with effect from today. HDFC Bank has revised fixed deposit interest rates for both general and senior citizens of the
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Read more: HDFC Bank Raises Fixed Deposit Interest Rates With Effect From Today
Write comment (93 Comments)The travel period to avail AirAsia's offer on flight tickets is till January 31, 2019.
AirAsia is offering flight tickets for Asia and Australia from Rs 3,999. AirAsia's offer on flight tickets is valid till August 12. Passengers can fly to Australia and countries in Asia from domestic cities like New Delhi, Bhubaneswar, Jaipur, Amritsar, Chennai a
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Read more: AirAsia Offers International Flight Tickets From Rs 3,999
Write comment (95 Comments)Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America.
Nooyi, 62, will leave the role in October and remain chairman until early 2019. Ramon Laguarta, 54, who has been
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Read more: Indra Nooyi, Pepsi's First Female CEO, To Be Replaced By Insider
Write comment (93 Comments)Cancellation is not allowed in Premium special trains.
IRCTC (Indian Railway Catering Tourism Corporation) introduced Premium Special trains with dynamic fare pricing, allowing passengers to get accommodation at short notice on busiest routes of Indian Railways. The fare structure of Premium Special trains differs from that of regular trains.
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Read more: IRCTC Premium Special Trains: Online Reservation And Cancellation Rules
Write comment (94 Comments)Ola's UK launch comes months after it expanded operations in Australia.
NEW DELHI: Ride-hailing firm Ola said on Tuesday it plans to launch services in Britain this year, months after expanding operations in Australia, intensifying its rivalry with US peer Uber Technologies Inc. Ola has obtained licences to begin operations in South Wales in
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Read more: Ride-hailing Firm Ola To Launch In The UK
Write comment (93 Comments)SBI minimum balance rules: SBI charges its customers a penalty for shortfall in required minimum balance
State Bank of India (SBI) on Monday said that it reduced average monthly balance requirement by up to 40 per cent with effect from April. SBI said the move on average monthly balance - which is the minimum average of deposits required by SBI
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Read more: Nearly 40% Of Savings Accounts Exempted From Minimum Balance Rules: SBI
Write comment (94 Comments)AirAsia India's discounted tickets are available only for online bookings at airasia.com.
AirAsia India is offering domestic flight tickets at a starting all-inclusive price of Rs 1,499 on select routes under a promotional sale offer. AirAsia India's new offer is valid on travel till January 31, 2019. According to the airline's official
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Read more: AirAsia India Offers Domestic Flight Tickets From Rs 1,499
Write comment (100 Comments)Jet Airways' new offer on domestic flight tickets is applicable on return journey only.
Jet Airways is offering 10 per cent discount on domestic flight tickets under it's 'Freedom Sale' offer. The offer is applicable on base fare in premiere and economy class flight tickets on airline's domestic network, said the carrier on it's official website-
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Read more: Jet Airways Offers Discount On Domestic Flight Tickets. 5 Things To Know
Write comment (96 Comments)According to the RBI norms, banks are permitted to levy sevice/miscellaneous charges.
As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India's largest lender State Bank of India,
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Read more: SBI Collects Over Rs 2,400 Crore As Minimum Balance Penalty In FY18
Write comment (91 Comments)HDFC AMC stock price was Rs 1,739.00 when it opened.
HDFC AMC or HDFC Asset Management Company made a bumper debut on bourses on Monday. HDFC AMC stock price was Rs 1,739.00 when it opened. HDFC AMC stock price hit an intra-day high of 1,832 on the Bombay Stock Exchange (BSE). At 10:08 am, HDFC AMC share price was Rs 1,808.85, a rise of 64.44 per
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Read more: HDFC AMC Makes Bumper Debut On Dalal Street
Write comment (94 Comments)Stock Market on Tuesday: Twenty-two out of 50 Nifty stocks declined in trade.
The domestic equity benchmarks halted their marathon run after hitting fresh highs in early trade on Tuesday. At 11:33 am, the S-P BSE Sensex traded at 37,642.45, down 49.44 points or 0.13 per cent while the Nifty50 lost the
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Read more: Sensex Gives Up Gains, Nifty Loses 11,400 Level: 10 Points
Write comment (93 Comments)Gold Silver Prices Today: The precious metal had gained Rs 115 in last two sessions of trade.
Gold prices strengthened by Rs 35 to Rs 30,585 per 10 grams at the bullion market today, reported news agency Press Trust of India (PTI). According to analysts, the rise in gold prices is due to the persistent buying by local jewelers and shrugging off a
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Read more: Gold Prices Edge Up, Silver Also Gain Today: Key Things To Know
Write comment (93 Comments)Share Market on Monday: The Nifty hit the crucial 11,400 mark for the first time ever.
The share market hit fresh highs in opening trade on Monday. The Sensex opened at 37,714.70 and hit a high of 37,789.49 while the Nifty50 started at 11,401.50 and hit a record of 11,423.55. The Nifty hit the crucial 11,400
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Read more: Sensex Hits 37,786, Nifty 11,400 For The First Time Ever: 10 Points
Write comment (95 Comments)These petrol and diesel prices came into effect from 6 am on Tuesday.
Fuel retailers raised petrol and diesel rates for the sixth straight day on Tuesday across metros. In Kolkata, Mumbai and Chennai, petrol costs Rs 80 or more while it is the cheapest in national capital New Delhi among the four metro cities of the country. Diesel prices too are
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Read more: Petrol Costs Rs 80 Or More In Three Metros; Cheapest In Delhi
Write comment (98 Comments)Global beverage major PepsiCo on Monday announced that its CEO Indra K Nooyi will step down. Ms Nooyi's exit will take effect on October 3 and comes after her 24-year-old stint with the company, with the last 12 as CEO, the company said. PepsiCo further said its board of directors has unanimously elected Ramon Laguarta to succeed Ms Nooyi. Ms Noo
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Read more: Indra Nooyi To Step Down As PepsiCo CEO
Write comment (97 Comments)Petrol, diesel rates on Monday: There is no respite from soaring petrol and diesel prices.
There is no respite from the soaring petrol and diesel prices. For the fifth straight day, oil-marketing companies raised the petrol and diesel rates on Monday. Petrol and diesel prices have been rising since August 2. On Monday, a litre of petrol was being
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Read more: Petrol, Diesel Rates Soar In Metros For Fifth Straight Day
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