Investing News - Page 29
ICICI Bank raises fixed deposits rates by up to 0.75%
For term deposits between one year to 389 days, the rate has been raised by similar percentage points to 8 percent from 7.50 percent.
Spoilt for choice: Time is ripe to invest in tax-free bonds
If you are thinking of investing in tax-free bonds, soon you will be spoilt for choices. With the government permitting state-owned companies to issue tax-free bonds in the first half of the financial year, many such papers are likely to hit the market, notes a report in Business Standard today.<br /><br />
FMC may come under Finance Ministry following NSEL crisis
Amid the deepening of payment crisis at the National Spot Exchange, the government is examining a proposal to bring commodity markets FMC under the purview of the Finance Ministry.
RBI to buy Rs 8,000 cr bonds, ease liquidity
The Reserve Bank will conduct open market purchase of government bonds of Rs 8,000 crore on 23 August to inject liquidity, the central bank said in a statement.
Sebi auctions $9.34 bn worth government bonds for FIIs
This is the biggest ever auction for such bonds and exceeds the previous record of Rs 42,022 crore, auctioned two months ago on 20 June.
RBI relaxes portfolio investment scheme for NRIs
RBI has now dispensed with the unique code for branches and said banks shall be "free to permit its branches to administer the PIS scheme for NRI".
Do yourself a favour, buy your own health insurance policy
We have always told you to be wary of insurance agents because they mis-sell. But that does not mean, you need to totally dismiss what they have to offer.
A few hurdles you might face while switching your home loan
If the property for which you've taken the loan is under construction, switching your loan to another lender could be an uphill task.
Onion or stocks? Many BSE stocks are cheaper than onions
Today, the BSE Sensex has fallen 1 percent to hit 18,124 and the Nifty by 1.04 percent at 5,360. As the rupee is unlikely to see a bottom in the near future, dashing any hopes of a revival in the economy, you can expect more stocks to fall into this category soon.<br /><br />
Govt may conduct audit of NSEL's physical stocks
The government is mulling conducting audit of NSEL's physical stocks lying in warehouses by own agencies as it fears defaults in payment by buyers, a top Consumer Affairs Ministry official said today.
Money Matters: What's your net-worth growth ratio?
Simply put, networth growth ratio is a ratio that will tell you the rate at which your net worth is growing
FMC pulls up NSEL on 'wrong info', all eyes on payout today
The forum will plan for a proper strategy to ensure full payment of the legitimate dues of its members
Rupee at 62: Why it's a good time to invest in FMPs
In fact, investing in FMPs is now a good idea, reason being, FMP invests in instruments like Certificates of Deposits, and money market instruments, which are currently offering yield of 9.5-10 percent.
Computer flaw caused trading frenzy in Chinese markets: Market regulator
A trading frenzy that caused Chinese stock prices to swing wildly last week was caused by a design flaw in a brokerage's computer, the market regulator said Sunday
NSEL crisis: Investors to wait till Tuesday before deciding legal action
With the payment crisis engulfing NSEL, the PMO is planning to set up a special team headed by the Economic Affairs Secretary Arvind Mayaram to look into the issue.
Finally: Job switchers can transfer PF accounts online by end Aug
Employees' Provident Fund Organisation (EPFO) has got very encouraging results from the online testing of the service and will be able to launch the service during the last week of this month, a source privy to the development said.
Nifty in do-or-die situation; the trend is clearly bearish
The Bank Index holds the key to the short-term trend in the Nifty. But the index is distinctly bearish after Friday's breach of the support at 9,600.
Rupee woes: Loans to get expensive as ICICI, HDFC bank hike rates
Public sector bank, Karnataka Bank too raised it deposit rate in the range of 25-50 basis points across the maturity baskets and the new rate will be effective from Monday.
Bonds are at the cusp of a breakdown, will equity follow?
US Treasury bonds are falling, and this is indicative of the danger to stock markets. Both the Nifty and the Sensex are vulnerable.
Chidambaram calls for calm, says Indian markets need not be so US sensitive
The Union finance minister said markets all over the world have taken a hit in reaction to job reduction data that came out of the US.
Market meltdown: This is a market for the brave investor
Fund managers and institutional investors will tell us not to panic as they believe in the fundamental strengths of the country and once economic situation stabilizes the Indian market will be back in action.<br /><br />
Axis Bank sheds 8 percent on MSCI exclusion, RBI restriction
Shares in Axis Bank today ended 8 percent lowet after MSCI said it would exclude the bank from its standard and large cap indexes.<br /><br />
Titan plunges 12% after govt curbs gold imports for third time in two months
Titan Industries shares slump 12.11 percent after the Reserve Bank of India banned imports of gold coins and medallions and required domestic buyers to pay cash for the yellow metal, among other measures.<br /><br />
Rupee, Sensex haywired; Should you rebalance your investment portfolio?
Since today is a Friday, over the weekend you should revisit your portfolio and see the kind of rebalancing you need.
Greed or fear? Rupee, market gloom may be overdone
The markets are crashing in the wake of the RBI's hamhanded efforts to curtail capital outflows. But it is not the time for excessive pessimism.
Live: Sensex closes 200 pts up, rupee recovers
The BSE Sensex opened at 17977, down 320 pts, while the Nifty opened at 5308, down 106 points. The BSE Sensex is down nearly 1400 pts in just 3 days. The Indian rupee opened at new record low of 63.76.