FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
UTI Bank was discounted by the market after the bank announced that it was privately placing shares at a price of just Rs 42.75 per share.
Industry body to write to commerce ministry, seek regulation for e-tailers.
Here are the answers to frequently asked questions about the costs, premiums, bonus and discounts that you can avail on your motor insurance.
For the third month running, investors opened over four million new demat accounts in February, showing growing household confidence in stock markets and their increased risk appetite. Over 13.12 million new demat accounts have been opened in the last three months, taking the total count close to the 150-million mark. Demat accounts are needed for trading and holding shares electronically.
Festive demand for gold in India got off to a tepid start, with local prices still at a heavy discount to the global benchmark, a bad sign for a period when buying is typically strong.
The National Aluminium Company (Nalco), India's second largest producer of the base metal, avoided a production cut by offering discounts to its key clients that helped it boost sales and trim rising inventory.
"Online portals are also bleeding heavily and have huge accumulated losses. There is pressure from investors to cut down on discounting."
Yatra.com estimates that such discounts have led to some 20 per cent increase in return-ticket bookings with the same airline.
Spicejet has consolidated its base fare by including fuel surcharge in it.
Those who book tickets at discounted fares but later decide to check-in luggage would have to pay a fee.
Investors must adopt a balanced approach, incorporating both styles in their portfolios.
Indian and global carriers are offering limited period discounted fares to attract flyers from New Delhi on the occasion of the 68th Independence Day.
Aiming at attracting Indian travellers to major global and domestic destinations, foreign and Indian carriers are vying with each other by offering discounted tickets.
Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
'Given the inherent volatility, investors should take at least a three to five-year view.'
'Rather than taking a very short-term view on the markets, equity investing should be premised on longer term growth opportunities.'
Maruti Suzuki India, Mahindra & Mahindra, Hyundai Motor and luxury car maker Audi have extended support to customers in cyclone and flood affected regions of Tamil Nadu and Andhra Pradesh. In a statement, Maruti Suzuki India said it has collaborated with its dealer partners and made several arrangements at its workshops. As soon as the news about the cyclone 'Michaung' was reported, the company proactively sent out 7 lakh SMS alerts containing precautionary steps to its customers to ensure that even before the cyclone hits, customers could take precautionary measures to safeguard their cars against potential damage, it said in a statement.
In a bid to cash in on upcoming summer holiday season, low-cost carriers SpiceJet and IndiGo on Tuesday launched the fourth round of price war in the bleeding aviation sector, offering massive discounts on tickets.
'This was earlier driven by industries and the commercial sector.'
Consumers have reduced their purchase basket and are clamouring for discounts. It's not a seller's market, finds out an IMRB retail trade confidence survey.
The current offer is available for these proposed flights as well, the release said.
The IMD has warned of heatwave to severe heatwave conditions in parts of West Bengal, Odisha, Bihar, Jharkhand, Andhra Pradesh, Telangana, Karnataka and Uttar Pradesh during the next five days.
Several mutual funds (MFs) have recently approached the Reserve Bank of India (RBI) as they renew efforts to increase their overseas investment limit. In June 2022, the capital markets regulator Securities and Exchange Board of India (Sebi) permitted MFs to invest in foreign stocks within the aggregate mandated limit of $7 billion after a correction in stocks. One of the proposals shared with the RBI is to link MFs' foreign investment limit to the country's foreign exchange reserves.
In a statement, the department of consumer affairs said about 18,000 kg of tomatoes were sold across Delhi-NCR to retail consumers.
Power Grid Corporation (PGCIL) intends to ramp up its capex substantially through the next two financial years. The Public Sector Undertaking (PSU) utility posted flat consolidated revenues of Rs 10,700 crore in the third quarter of the current financial year (Q3FY24) and reported 7 per cent year on year (Y-o-Y) growth in net profit to Rs 4,000 crore. The Q3FY24 capex stood at Rs 3,440 crore and capitalisation at Rs 1,780 crore, taking the 9MFY24 total to Rs 8,700 crore capex and Rs 5,800 crore capitalisation, respectively.
The discount offer comes on the back of Japanese giant Honda Siel Cars offering a substantial discount of Rs 800,000 on the Civic Hybrid. HSCI sold 235 Civic Hybrids, which carried a priced tag of Rs 14 lakhs (Rs 1.4 million) after the discount, in 10 days. The offer by Ford will run on the full range of variants of the car for a limited period of 10 days starting Wednesday.
With sentiment up, launch of new projects revives, though much dissent on whether this is a real return of a positive market
Shares of paint companies faced pressure, falling up to 5 per cent on the BSE in Monday's (February 26) intraday trade amid concerns that Grasim Industries' entry into the paint sector will intensify the competition. Asian Paints reached a 10-month low of Rs 2,850, slipping nearly 5 per cent after brokerage firm CLSA downgraded the stock following the Birla Opus launch. The paint maker's stock traded at its lowest level since April 28, 2023.
Investors are showing some interest in the downstream energy cycle. Refiners and marketers, especially the public sector (PSU) oil marketing companies (OMCs) could see a revival of marketing margins. Lower crude oil and gas prices may also improve margins in industries like paints, logistics, synthetic fabrics, plastics, and fertilisers. In the medium-term, however, there could be a supply overhang affecting OMCs as new refining capacities are scheduled to be commissioned, especially in China, and this may lead to a drop in the refining margins as capacity would be surplus to demand until and unless there's a pick-up in global growth.
DLF has launched a mega discount sale of its properties.
Assam Chief Minister Himanta Biswa Sarma on Sunday said Congress leader Rahul Gandhi should avoid visiting the birthplace of Srimanta Sankardeva at Batadrava on January 22, as there can be no competition between Lord Ram and the medieval age Vaishnav saint revered as an icon in the state.
Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
Gold discounts in India, the world's second-biggest consumer, widened this week as dealers struggled to offload stocks amid sluggish demand.
As per the offer 'Ilish Khao, Sona Pao', customers who buy Hilsa fish worth Rs 500 from some designated fish vendors would get a rebate of Rs 50 on making charges of gold ornaments. The shop had earlier offered free Hilsa to every customer buying jewellery worth above Rs 5,000.
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