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Top 14 finance news today, Sep 9, 2020

·5-min read

Major finance news at a glance:

Reliance-Silver Lake deal: here's all you need to know about Reliance Retail

After acquiring a piece of Jio Platforms, the world’s largest tech investor, Silver Lake Partners, will invest Rs 7500 crore in the retail arm of Reliance Industries Ltd. The investment will give Silver Lake a 1.75 per cent stake on a fully diluted basis in Reliance Retail, which had a few days ago inked a deal to acquire rival Future Retail. Read more

Gold price down slightly today, check out the latest prices for your city

The price of gold has decreased by Rs 4 per gram on Wednesday, September 9, in comparison to that of Tuesday. The yellow metal’s price per gram today is at Rs 4955 for 22 Karat while the 24 Karat gold is priced at Rs 5055 per gram. Read more

Is the era of fixed deposit investment over? | India Development Debate

Fixed Deposit Rates have been the instrument of the most preferred savings for Indians with a majority of savers preferring FD to other options. But the good old, reliable FD may be failing savers with rates plunging. In fact, SBI's FD rates have dropped 160 points from 7% to 5.4% since 2015 for the 5 to 10 years tenor. It is a trend that is likely to continue for the next two to three years as per experts. Read more

Indian players whose IPL salaries grew exponentially

The 13th edition of the Indian Premier League (IPL) is all set to start on September 19 with the high voltage opener between the arch-rivals Mumbai Indians (MI) and Chennai Super Kings (CSK). IPL 2020 is being conducted amid a COVID-19-led financial blip across the world, however, the players will be paid at par with their contracts. Watch video

Can investors time the markets to their advantage?

''The economy will perform poorly over the next few months. You must get out of the markets now and consider buying later.'' ''Mr. Financial expert thinks the economy has bottomed out. Now might be a good time to buy.'' Switch on any Financial news channel you can see hundreds of so-called experts predicting the trajectory of the stock markets. They are all busy trying to time the stock markets, its tops and bottoms. Read more

How India Hemp & Co is helping cement the country’s budding hemp industry

Shalini Bhattacharya was crippled by chronic backpain in 2017 when she was working in Spain. Round after round of MRIs and different painkiller regimens failed to bring her any sort of long-term relief, and she found herself forced to slow down. Read more

How Suniel Shetty-backed Vieroots is leveraging AI to fight lifestyle diseases

COVID-19 has made everyone take health seriously. As the coronavirus pandemic continues to spread, the demand for wellness solutions to fight comorbidities and lifestyle diseases has also increased. Read more

How PUBG mobile ban impacts esports & gaming phone-makers in India

The ban on PUBG Mobile may have come as a shock to the gaming community in India but there are far bigger things happening behind the scenes. PUBG Mobile is not only a mobile game but is a big brand in the country. Read more

8 best zero balance savings account in India

Zero Balance Savings account is a deposit account that doesn't demand you to keep a minimum balance in the account. A number of Indian banks are ensuring to maintain a minimum of Rs.10,000 per account which creates a problematic situation for those whose earnings are low. But having a Zero Balance Savings Account is the most perfect alternative in such scenarios where you no need to maintain a minimum balance and also you can render free withdrawals from the account. A Zero Balance Savings Account comes with all the standard services as compared to a regular savings account in India. Hence, by covering the below described features and interest rates provided by the top zero balance savings account, you can find a perfect one for yourself in case you are planning to have a one. Read more

Analysing Kamath plan: what works, what doesn’t

The Reserve Bank of India has released the recommendations made by the KV Kamath Committee for restructuring loans of borrowers hit hard by the coronavirus pandemic. It has listed financial parameters for 26 industries which needs to be taken into account by banks while drafting a resolution plan for borrowers. Read more

5-8% of overall loans will get restructured under RBI's new framework: Icra

Banks and non-bank lenders will restructure up to Rs 10 lakh crore in debt or 8 per cent of outstanding loans under the one-time restructuring scheme announced by the Reserve Bank, domestic rating agency Icra said on Wednesday. The RBI has operationalised guidelines based on KV Kamath-led panel's recommendations, which give relief to 26 listed sectors affected by the pandemic and stress on banks factoring-in leverage, liquidity and debt serviceability before admitting a case. Read more

CBDT issues refunds of over Rs 1,01,308 crore to more than 27.55 lakh taxpayers between April 1 to September 8

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,01,308 crore to more for a period between April 1, 2020, to September 8, 2020. These refunds have been given to more than 27.55 lakh taxpayers. Income tax refunds amounting to Rs 30,768 crore issued in 25,83,507 cases, while corporate tax refunds of Rs.70,540 crore have been issued in 1,71,155 cases. Read more

Will 5G be a gamechanger for FTTH? | MD RM Agarwal to ET NOW

In an exclusive conversation with ET Now, MD of ITI Technologies, RM Agarwal speaks on the segments of growth and its' diversification strategy. He says optical fibre, solar panels are their main focus areas and 4G radioactive equipment. They aim to deliver solutions to various government sectors, he further adds. Watch video

A look at Akshay Kumar's net worth & assets

Bollywood’s most bankable star Akshay Kumar turns a year older today. He is undoubtedly one of the hardest working actors in the industry who’s humble beginning are widely known. But his smart choices in films in a career spanning over two decades and his astuteness in business have earned him a spot in the Forbes 2020 list of 10 Highest Paid Male Actors in the world. Gallery

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