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Bank FDs guarantee a fixed interest rate irrespective of market uncertainties, say financial experts

Many banks have recently revised interest rates paid by them on retail fixed deposits. While HDFC Bank is the latest major lender to make changes to its FD interest rates in select maturities, Punjab National Bank (PNB) and Canara Bank announced new

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Punjab National Bank (PNB) reported its second consecutive quarter of loss as the country's second-biggest state-run lender set aside more funds for a massive fraud it disclosed earlier this year.

Net loss was Rs 940 crore ($136.72 million) for the three months to June 30, compared with a profit of Rs 343 crore a year earlier, the bank said in a

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BPCL will carry out modifications at various units to raise capacity of the plant to 156,000 bpd

New Delhi: Bharat Petroleum Corp will shut its 120,000 barrels-per-day (bpd) joint venture Bina refinery from mid-August for 45 days, a month ahead of the previous plan after a minor fire at the delayed coker, two sources said on Monday.

The refiner has

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Gold, silver prices today: The precious metal had gained Rs 150 in the previous three days.

Gold prices ruled flat at Rs 30,585 per 10 gram in limited deals at the bullion market today, reported Press Trust of India (PTI). Gold remained steady today despite a better trend overseas. However, silver prices fell by Rs 200 to Rs 39,000 per kg at the

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Huawei has built up its business in more price-conscious markets.

Ren Zhengfei, the founder of Chinese telecoms behemoth Huawei, likens the company to a ruthless "wolf" tirelessly running down its prey, an ethos that could soon make it the apex predator of the smartphone world.

Despite being essentially barred from the critical US market, Huawei

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Jet Airways scheme is applicable on both one-way and return tickets.

Jet Airways has announced 30 per cent discount on international flight tickets under a special nine day 'Global Fare' sale offer, a press release issued by the company said. Jet Airways new offer is available for both economy and premium class flight tickets. The booking period of

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CreditAccess Grameen's IPO or initial public offer opened for subscription on Wednesday. At 10:30 am, bids received were 67,935 against a total issue size of 1,88,29,684. The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. That

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The travel period to avail AirAsia's offer on flight tickets is till January 31, 2019.

AirAsia is offering flight tickets for Asia and Australia from Rs 3,999. AirAsia's offer on flight tickets is valid till August 12. Passengers can fly to Australia and countries in Asia from domestic cities like New Delhi, Bhubaneswar, Jaipur, Amritsar, Chennai a

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Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America.

Nooyi, 62, will leave the role in October and remain chairman until early 2019. Ramon Laguarta, 54, who has been

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Pre-wedding financial planning: It is significant to discuss about finances before getting married.

Getting married soon Well, you should start preparing yourself to tackle the new financial situation. Marriage not only means sharing of goals, desires and ambitions but also partaking assets and financial liabilities. From personal finance needs to

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Ola's UK launch comes months after it expanded operations in Australia.

NEW DELHI: Ride-hailing firm Ola said on Tuesday it plans to launch services in Britain this year, months after expanding operations in Australia, intensifying its rivalry with US peer Uber Technologies Inc. Ola has obtained licences to begin operations in South Wales in

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SBI minimum balance rules: SBI charges its customers a penalty for shortfall in required minimum balance

State Bank of India (SBI) on Monday said that it reduced average monthly balance requirement by up to 40 per cent with effect from April. SBI said the move on average monthly balance - which is the minimum average of deposits required by SBI

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There have been concerns over the proposed 'bail-in' clause to resolve a failing bank.

NEW DELHI: Nearly a year after introducing it in the Lok Sabha, the government on Tuesday withdrew the Financial Resolution and Deposit Insurance (FRDI) Bill following widespread concerns over certain provisions in the proposed legislation. There have been

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Jet Airways' new offer on domestic flight tickets is applicable on return journey only.

Jet Airways is offering 10 per cent discount on domestic flight tickets under it's 'Freedom Sale' offer. The offer is applicable on base fare in premiere and economy class flight tickets on airline's domestic network, said the carrier on it's official website-

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According to the RBI norms, banks are permitted to levy sevice/miscellaneous charges.

As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India's largest lender State Bank of India,

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Sensex, Nifty today: Market heavyweight Reliance Industries Ltd fell as much 1.3%.

Domestic stock markets closed on a flat note on Tuesday as gains in material stocks were offset by losses in energy and industrials. The S-P BSE Sensex dropped 26.09 points, or 0.07 per cent, to close at 37,665.80, thus retreating from record highs hit earlier in

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Stock Market on Tuesday: Twenty-two out of 50 Nifty stocks declined in trade.

The domestic equity benchmarks halted their marathon run after hitting fresh highs in early trade on Tuesday. At 11:33 am, the S-P BSE Sensex traded at 37,642.45, down 49.44 points or 0.13 per cent while the Nifty50 lost the

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Gold Silver Prices Today: The precious metal had gained Rs 115 in last two sessions of trade.

Gold prices strengthened by Rs 35 to Rs 30,585 per 10 grams at the bullion market today, reported news agency Press Trust of India (PTI).  According to analysts, the rise in gold prices is due to the persistent buying by local jewelers and shrugging off a

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The government has increased duty on fabric-related commodities for the second time in a month.

NEW DELHI: Import tax on some textile products has been doubled to 20 per cent, the government said in a statement on Tuesday, increasing duty on fabric-related commodities for the second time in a month.

The move is expected to provide relief to the

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These petrol and diesel prices came into effect from 6 am on Tuesday.

Fuel retailers raised petrol and diesel rates for the sixth straight day on Tuesday across metros. In Kolkata, Mumbai and Chennai, petrol costs Rs 80 or more while it is the cheapest in national capital New Delhi among the four metro cities of the country. Diesel prices too are

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Global beverage major PepsiCo on Monday announced that its CEO Indra K Nooyi will step down. Ms Nooyi's exit will take effect on October 3 and comes after her 24-year-old stint with the company, with the last 12 as CEO, the company said. PepsiCo further said its board of directors has unanimously elected Ramon Laguarta to succeed Ms Nooyi.  Ms Noo

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However, there is a difference between an SBI fixed deposit and reinvestment plan.

State Bank of India or SBI, the largest lender of the country, offers a variety of products ranging from savings and fixed deposit accounts to tax-saving and gold monetisation schemes. One of these products offered by SBI is the SBI Reinvestment Plan, which works

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Bank fixed deposit: HDFC Bank recently revised its interest rates on fixed deposits on select maturities

Banks make adjustments in the interest rates for retail customers from time to time. Lenders adjust these interest rates based on factors such as cost of borrowing from the Reserve Bank of India (RBI). The central bank earlier this month

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Heavyweights SBI and ICICI Bank - rising more than 3 per cent each - pushed the 50-scrip Nifty higher

Domestic stock markets extended gains to a second straight session, with the BSE Sensex closing 135 points higher on Monday. Banking and financial stocks led advances in the markets while HDFC Asset Management Company shares registered a strong

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Mahindra - Mahindra's revenue from operations grew over 9% to Rs 13,520 crore in Q1

Mahindra - Mahindra reported a better-than-expected 63 per cent surge in first-quarter profit on Tuesday, underpinned by robust sales.

Standalone profit after tax, which does not include share of profit from its unit Mahindra Vehicle Manufacturers, stood at

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India Post (post office) account return: Individuals can choose from a range of savings scheme accounts

Did you know you can choose from nine different types of accounts at the post office today Besides postal services, India Post - which has a network of more than 1.5 lakh post offices across the country - offers several types of banking and

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Reliance Communications Ltd (RCom) said on Monday it had received approval from the Supreme Court to proceed with the sale of its wireless assets to Reliance Jio after it agreed to pay 5.5 billion rupees ($80.06 million) to settle dues with Swedish telecom gearmaker Ericsson.

In May, India's bankruptcy court admitted a plea by Ericsson seeking

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IRCTC Auto Upgradation Scheme: Upgradation of passengers are done in one class above.

IRCTC (Indian Railway Catering and Tourism Corporation) offers the option of auto 'class upgradation' on online ticket booking. Under this offering, Indian Railways upgrades full fare paying 'waiting list passengers' to the next higher class against the available

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Indiabulls Housing Finance said the new interest rates will be applicable to new and existing customers

Indiabulls Housing Finance on Monday announced an increase of 20 basis points in interest rates for home loans. After the revision, the interest rates on home loans worth up to Rs 35 lakh will start at 8.7 per cent, Indiabulls Housing Finance s

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Pink line metro: A total of 23 trains will ply on Delhi metro's new corridor.

The service on Durgabai Deshmukh South Campus -Lajpat Nagar section of Delhi Metro's pink line was today flagged off by Union Minister Hardeep Puri and Delhi Chief Minister Arvind Kejriwal, reported news agency Press Trust of India (PTI). Delhi Metro's new service will

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