Banks have not cut rates yet as March is typically a busy season.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
Running a SIP plan for more than six years almost completely eliminates the chances of earning negative returns.
What are FMPs and should you invest in them?
Murthy said there was a need to change the mindset of the employees to focus on large deals.
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
Telangana govt currently provides the state's 5.83 million farmers an income support of Rs 4,000 per acre per season, irrespective of the size of their land holding
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
Does the rally reflect expectations of improving fundamentals or they are likely to correct?
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
C S Ghosh, founder of Bandhan Bank, believes his unique business model is not comparable to any financial institution in India -- neither small finance banks, nor big private sector banks -- and hence the valuations are justified.
With paddy growers being blamed for causing air pollution, farm experts and farmers' outfits said they are compelled to burn stubble as they do not have any other feasible and cheap option.
Shyel Trehan, an alumna of the 2000 batch of the National Law School, was one of the organisers who managed this near impossible achievement.
Oppo is the second Chinese brand after Xiaomi to secure single-brand retail licence. Xiaomi has now 600 retail partners.
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
The railways continue to lose market share with an actual fall in the number of passengers and stagnant freight tonnage, says Subir Roy.
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
At least 40% of a product must be manufactured in India for it to qualify for the Indian Designed, Developed and Manufactured category.
The project will house 3,000 residential units across 10 towers in the first phase on a 20-acre land parcel that Raymond owns in Thane
Steep taxes on petrol and diesel add to the cost of economic activity and reduce the Indian economy's competitiveness. The two fuels must be brought under GST's purview, suggests former IAS officer Ajay Shankar.
'We have collected Rs 83,702 crore in deposits in five days.'
Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
Modi said the newly-sworn in government took four major decisions related to farmers' and traders welfare in the first meeting of the Union Cabinet.
Unless companies press the pedal on implementation, further stock price gains might be limited, says Hamsini Karthik.
The company has charted out a three step process in achieving the target
'China's opaque defence allocation processes are shrouded in mystery and have triggered security dilemmas among its neighbours and others,' notes China expert Srikanth Kondapalli.
The Datafolha polling institute survey published in the Folha de S.Paulo newspaper also found that 63 percent of those asked in the latest poll think the Olympics will bring more costs than benefits, up from 38 percent three years ago.
It was a roller-coaster week for the markets, amid talk of a fiscal stimulus by the government. Saurabh Mukherjea, chief executive officer, and Prashant Mittal, strategist, at Ambit Capital tell Puneet Wadhwa the recent flows into equity mutual funds are largely speculative in nature and pose a risk of reversal.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
In case the repo rate keeps trending downwards, borrowers can expect a downward revision of their MCLR-linked loans.
A market correction is a good time to reassess the quality of your portfolio and purge the poor quality names from it, says Ramesh Bukka
MCX has been struggling to raise funds with a rights issue, ending on Thursday.
The Congress leadership has become stunted, it does not understand agriculture and the party is trying to mislead farmers for its own vested interests, said Union Agriculture Minister Narendra Singh Tomar.
Urban housing mortgage major HDFC announced that it will cut its lending rates by the end of the week.
From discounts to hundred per cent financing to talks of a price hike, companies are doing everything to ensure retail sales pick up this month.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
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