Observers say more banks, especially public sector entities, which have a 70 per cent market share, will also join the battle to get more cheap deposits.
'For 40 years, India valued only technical skills. IITs, coding -- that became everything.' 'Soft skills were sidelined. But those are the skills that will keep you employable now, not technical skills.'
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
'Choose an FD tenure that provides a balance between returns and the horizon for which you can invest.'
Special Ops 2 captures the spirit of the modern-day spy thriller and runs with it, observes Deepa Gahlot.
'I don't know when I will be able to access those funds.'
The cause of the woman's death is yet to be ascertained.
Banks offering a higher rate on savings bank deposits have seen robust growth in the past year but the momentum might get slower as interest rates turn more benign.
Analysts are of the view that long-term investors could continue to hold the stock, irrespective of the MSCI development.
The new interest rates will be effective from August 19 and will be applicable to both resident and non-resident customers.
Manas Sood, a Class 12 student from the Delhi Public School, has distributed 2,650 boxes of Tax City Education and empowered over 12,000 students from 52 schools across India. His aim? To help young Indians understand taxes and become financially literate.
The Indian banking sector has overcome concerns pertaining to the rising cost of funds and an increase in provisioning requirements under the new RBI norms, to post a healthy rise in net interest income during the quarter ended March 2007.
rediffGURU T S Khurana answers readers' personal income tax queries.
Banks are putting up stiff resistance to Reserve Bank of India's move to deregulate the interest rate on savings bank accounts -- the last bastion of administered rates. Banks benefit from low-cost savings deposits.
rediffGURU T S Khurana answers readers' personal income tax queries.
Squadron Leader Kanwal Deep Mehra's daredevilry during the 1971 War brought down a Pakistani F-86 Sabre. But he had to bail out of his plane, was badly injured. Then a fierce band of armed guerillas evacuated him to safety at great risk to their lives.
They don't just want better returns -- they're looking for global opportunities, more variety and smarter ways to grow their money, says Soubho Moulik, CEO, Appreciate.
Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on Thursday asked banks to mobilise deposits through innovative products and services by leveraging their vast branch network. "Banks are taking greater recourse to short-term non-retail deposits and other instruments of liability to meet the incremental credit demand. "This, as I emphasised elsewhere, may potentially expose the banking system to structural liquidity issues," he said.
The Bill and Melinda Gates Foundation will scale up its efforts on the African continent, focusing on three key goals over the next 20 years, ending preventable maternal and child deaths, eradicating deadly infectious diseases, and reducing poverty.
'Save the entire chain of e-mail exchanges so that you have documented evidence to show you informed the bank about the issue.'
French information technology (IT) and consulting services major Capgemini on Monday said it would acquire Mumbai-headquartered WNS for $3.3 billion in cash. This could be one of the largest merger & acquisition deals in the IT services and business process management sector.
In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.
From the Sensex firms, Eternal, ICICI Bank, Bharti Airtel, Sun Pharma, State Bank of India, Bajaj Finserv, Kotak Mahindra Bank and Reliance Industries were among the biggest gainers. Tech Mahindra and Maruti were the laggards.
Indian equity benchmarks rose nearly 2 per cent on Thursday, capping a truncated trading week with their strongest weekly performance in over four years. The rally was sparked by renewed risk-on sentiment following progress in trade negotiations and expanded tariff exemptions.
Net household savings declined sharply by Rs 9 lakh crore to Rs 14.16 lakh crore in three years to 2022-23, according to the latest National Account Statistics 2024 of the Ministry of Statistics and Programme Implementation. The net household savings peaked at Rs 23.29 lakh crore in 2020-21.
"I had said on the soil of Bahraich that glorification of foreign invaders should be stopped and that the national heroes must be honoured. And 1,000 years ago, such a tale of courage and bravery was written by Maharaja Suheldev on this very soil of Bahraich," Adityanath said.
Vice President V V Giri's resignation in 1969 triggered political upheavals that saw the ruling party defy its own presidential nominee, the expulsion of a sitting prime minister by her party president, and a historic split in the Indian National Congress, recounts Utkarsh Mishra.
'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
'Deposit and lending rates have started to fall considerably. It is likely to spur investment and consumption of durables.'
Extra time goals see Chelsea down 10-man Benfica to advance to quarters
While two bodies were recovered on Wednesday, the death toll climbed to four on Thursday after the recovery of two more bodies from the Indira Priyadarshini Hydroelectric project site in Kangra district.
'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'
This marks a 67% increase from the Rs 2,537 crore lost in scams in 2022-2023.
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.
The country's largest private sector lender HDFC Bank on Saturday said it will grow its loan book slower than the industry in the current financial year (FY25). The move comes as the lender looks to bring down its elevated credit - deposit (CD) ratio to pre-merger levels. "We will bring down the CD ratio faster than what we had anticipated.
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
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