- GoodReturns
RBI To Infuse Rs 15,000 Crore In June Through OMO
On Friday, the Reserve Bank of India (RBI) said that it will infuse Rs 15,000 crore in the financial system in the month of June through purchases of government bonds via the auction route. These government securities will be bought under Open
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Public Sector Banks Recovered Rs 1.2 Lakh Crore From Bad Loans In FY19
Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial year 2018-19, primarily with the help of the resolution under the Insolvency and Bankruptcy Code (IBC), according to a PTI report citing an
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Stringent Compliance Norms In Place To Crackdown Shell Firms
In a bid to curb the rise of shell firms and keep a track of dormant entities as also check fly-by-night operators, the MCA has put in place more stringent compliance norms and amended the Companies (Appointment and Qualification of Directors)
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1.37 Crore Jobs Created In The Formal Sector In FY19: EPFO Data
During the financial year 2018-19, around 1.37 crore jobs were created in the formal sector, according to data released by the Central Statistics Office (CSO) on Friday. Addition to the Employees' Provident Fund (EPF) subscriber base was used to arrive at the figure. The
- Financial Express
India Post Payments Bank savings account: Unique features, free services, charges
As per the guidelines for Payment Banks, they cannot accept deposits of more than Rs 1 lakh from one account holder and are not allowed to lend money.
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Go Air Offers Steep Discount On 1 Million Seats; Fares Rs. 899 Onwards
Go Air on Friday announced the steepest discount offer on its domestic network for about 1 million seats for fares as low as Rs. 899. The bookings under the 3-day offer will commence from May 27. The offer is valid for
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Ashok Leyland's Q4 Profit Declines 12%; Board Declares Dividend
Commercial vehicle maker, Ashok Leyland, reported a 12.1 percent year-on-year increase in its profit for the fourth quarter of 2018-19 at Rs 653 crore. In the same period last year, its standalone profit stood at Rs 743 crore. Its revenue from
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UK PM Theresa May Resigns Amid Brexit Crisis
British prime minister Theresa May announces resignation from her position on Friday, bringing more uncertainty to who will take on as the new leader to push a more definitive Brexit deal. On three occasions, UK lawmakers have refused to vote in
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LPG Insurance Policy: Did You Know You Are Covered Without Premium Payment?
LPG (liquified petroleum gas) has been the preferred domestic fuel in Indian households for decades, thanks to the government subsidies. However, this highly flammable petroleum product can easily cause devastating damage if the cylinder is faulty. To cover customers against accidental
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RBI To Likely Cut Interest Rates By 100 Bps In 2019: BofAML Report
After PM Modi's massive mandate in Lok Sabha elections, the apex bank is expected to lower interest rates by as much as 100 basis points in 2019, said a global brokerage concern. 1 basis point is one-hundredth of a percentage point.
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Sensex Rallies Over 600 Points After Huge NDA Victory
Indices continued to rise higher in trade today after the phenomenal victory of the NDA-led BJP government, with Nifty and Sensex rallying 188.25 (+1.61%) and 623.33 (+1.61%) in trade today, to close at 39434.72 and 11845.30, respectively. Also, in intra-day today,
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Infosys Acquires 75% Stake In ABN Amro's Stater
Infosys on Friday said it has completed the acquisition of 75% stake in ABN Amro Bank's wholly owned subsidiary Stater. In March, Bengaluru-based IT services firm announced the acquisition plan for Stater at a financial consideration of 127.5 million euros (about
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Zydus Nutritions And Heinz India Merger Approved By NCLT
On Friday, Zydus Wellness said that the National Company Law Tribunal (NCLT) has approved the amalgamation scheme of its two subsidiaries, that is, Heinz India Pvt Ltd with Zydus Nutritions Ltd. Post the amalgamation, Heinz India will cease to exist. In
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Petrol, Diesel Prices Increased Marginally
Fuel prices in India were marginally hiked on Friday. While petrol prices were increased by an average of 14 paise, diesel rates saw a 15-17 paise rise per litre. In the metro cities, petrol prices per litre were increased to Rs
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India Has Stopped All Imports Of Iranian Oil: US Ambassador
India has ended all of its oil imports from Iran, said Harsh Vardhan Shringla, India's Ambassador to the United States. In April, the Trump administration announced that it would not renew waivers on sanctions that were imposed on Iranian imports, including
- Financial Express
Health Insurance: Secure your family with a Family Floater plan
The most appropriate financial planning tool available to ensure the safety of one’s loved ones is a Family Floater health insurance plan that covers each family member.
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5 Best Safe FDs With High Interest Rates
Interest rates are likely to fall in the coming days, as inflation continues to remain weak. The Monetary Policy Committee, which is scheduled to meet in June, may cut interest rates going forward. Here are a few best safe FDs with high interest rates that you may consider for investment.
- News18
5G Brings a New World of Involvement, Interaction & Creation with Ericsson
In an engaging film shot entirely in single 90-second take, we see a conceptualized world where seamless integration of technology interconnects various aspects of our world, with the help of inspiring personalities from a range of professional backgrounds.
- Financial Express
Want to make the most of Modi 2.0? This investment strategy will help you maximise your gains
A stable government with absolute majority augers well for the equity markets as policy decisions become more predictable.
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What Is 50/20/30 Rule In Financial Planning? How To Use It?
Struggling to manage your finances and keep them in line with your overall long-term financial goals, here is the rule which can set your budget right, provided you adhere to it.
- Financial Express
5 money lessons from Modi’s BIG election win
Whatever be our individual political leanings, this remarkable feat needs to be admired as well as emulated.
- Financial Express
New income tax rule for senior citizens; Here’s all you need to know
The exemption limit for the financial year 2019-20 available to a resident senior citizen is Rs. 3 lakh.
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Senior Citizens Allowed Higher TDS Exemption On Interest; Form 15H Amended
As per a CBDT notification, form 15H has been amended and now senior citizens with taxable income up to Rs. 5 lakh can claim TDS exemption in lieu of interest on their deposits with bank and post offices. It is to
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Rupee Opens Higher At 69.75
The Indian rupee opened with gains of gains 26 paise at 69.75 versus previous close of 70.01 per dollar. Going forward, the rupee is likely to perform better as election results have been seen to have a direct correlation with
