RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Given the relevance of bank deposits for Indian savers, whether the regulator would permit linking savings interest rate to a repo-like structure needs to be seen, as a move of this nature could increase volatility in savings also.
In a chat on rediff.com, Feroze Azeez offered valuable tips.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
More than 3,000 squads under health and local self-government departments have started the process of cleaning houses and public places, official sources said.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Banks have started charging customers for payment of credit card bills through cheque and so paying online makes more sense.
Invest 5 to 10 per cent in a banking sector fund. Ensure that mutual fund's portfolio includes all three players -- private sector banks, public sector banks and NBFCs.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
It's not necessary to use only external benchmarks, there are multiple avenues to meet the requirement that the RBI wants, the bank said.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
Industry players say they have learnt from the bitter experience of 2008 and have far better checks and balances in place to avoid an encore.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
Kharola leads from the front. As a team player, he also uses technology to improve processes whether it is training or assessing metrics, a key trait that would help to improve service quality of the national carrier.
ICICI Bank was the top gainer in the Sensex pack, surging 4.64 per cent, followed by Axis Bank at 3.86 per cent and SBI 2.53 per cent.
Akanksha Mary Balmuchu from Jharkhand's Ho tribe is starting a Master's programme in climate change in the UK. When she walks into campus, she fulfils not only her dream, but that of her grandmother.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
SBI remains a favourite of most brokerages in the PSB segment.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Everyone is still trying to understand the quantum of impact demonetisation will have on the economy.'
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
For state-run lenders, the average NPAs shot up to 14.5 per cent, with IDBI Bank, UCO Bank and Indian Overseas Bank having their NPAs at above 25 per cent.
India's state banks are under pressure to improve profitability.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
Coal India was the biggest gainer on both Sensex and Nifty
Broader market underperformed the headline indices
Jaitley's Budget has the potential to change the face of Modi's Bharat
MC Mary Kom pulled no punches as the celebrated Indian boxer announced her intention to stretch her career by another "three-four" years and while the 2018 Asian and Commonwealth Games remain her "main focus", Tokyo Olympics, she said, is also not out of the radar yet. The London Olympics medallist and five-time world champion recently decided to go back to the light flyweight (48kg division) amid speculation that it is among the two categories that the International Boxing Association (AIBA) is pushing for inclusion in the 2020 Tokyo Olympics. The 33-year, a mother of three, is back in the ring with renewed hopes.
Financial services firm AnandRathi analysed the key points of the policy soon after it was announced.
The focus is on tapping all resources, even foreign agencies.
Several brokerage houses have given a year-end target of as high as 30,000 for the BSE bourse's benchmark Sensex, with fund managers telling investors not to redeem though the index is still only around 25,000.
