IES Rate Revise To 6 Percent

IES Rate Revise To 6 Percent

Exporters are demanding that the Interest Equalization Scheme (IES) rate at 3 percent to 6 percent in the view of increased cost of funding. At the average bank interest rate there is an increase of 3 percent because of the rise in repo rate since...

NBFCs Projects Increase 30 BPS Towards Borrow Of Cost In FY24

NBFCs Projects Increase 30 BPS Towards Borrow Of Cost In FY24

Non-banking finance companies are expecting up to 30 basis points rise in their borrowing cost in next financial year as they expect the Reserve Bank of India to hike repo rate in its April Monetary Policy Committee meeting by 25 basis points,...

Nifty PSU Bank Index Surges 4 Percent Amid Rebound In Adani Group Stocks

Nifty PSU Bank Index Surges 4 Percent Amid Rebound In Adani Group Stocks

Nifty PSU Bank decreases index by surging of nearly four percent on the National Stock Exchange (NSE) for Friday’s intra-day trade in-between sharp rebound in Adani group upholding. State Bank of India (SBI), Bank of Baroda, Punjab...

European Investment Bank's Global Director meets IREDA CMD

European Investment Bank's Global Director meets IREDA CMD

Aiming for a collaboration on renewable energy and green hydrogen projects financing, Maria Shaw-Barragan, Global Director, European Investment Bank (EIB), met Pradip Kumar Das, Chairman and Managing Director (CMD), Indian Renewable Energy...

HDFC provides 8% interest rate on such fixed deposits (FDs) to senior citizens

HDFC provides 8% interest rate on such fixed deposits (FDs) to senior citizens

Mortgage lender HDFC has presented ‘Diamond deposits’ for senior citizens with rate of interest of 8% p.a. for a tenure of 75 months with effect from 1 March 2023. Additional Incentive- .05% in case of deposit placed/renewed through...

5 Reasons Finance Service Professionals Use Electronic Signatures

5 Reasons Finance Service Professionals Use Electronic Signatures

There are many practical ways to ensure your services continue to be in demand. One of them is to invest in the latest technologies. With modern tools, you can simplify your operations to save resources and maximize your profits. One of the...

AI and decisions-making process in business

AI and decisions-making process in business

According to PwC, 52% of companies worldwide have decided to use AI algorithms. Artificial Intelligence is an excellent tool for business and a clear example of how hi-tech collaborates with computer science. AI helps make strategic decisions with...

Adani Enterprises Increases Share By 14 Percent

Adani Enterprises Increases Share By 14 Percent

The Adani Enterprise group added 14.2 percent on Tuesday to INR 1,364 apiece and added INR 30,043 crore to the market capitalization on Tuesday. Eight out of 10 Adani group stocks gained in Tuesday’s session, with Adani Total Gas and...

How to Use Trendlines in Your Trading Strategy?

How to Use Trendlines in Your Trading Strategy?

Exploring technical analysis and chart trading requires a strong understanding of trendlines. They are a useful, understandable, and comparatively easy instrument for traders when utilized properly. Yet, when used incorrectly, trendlines are...

Small Finance Banks Providing Better Returns Than Post Office As Per Fixed Deposit (FD) Interest Rates

Small Finance Banks Providing Better Returns Than Post Office As Per Fixed Deposit (FD) Interest Rates

Fixed Deposits Which Are Known As Fds Getting A Lucrative Option For Investors In The Risk Off Environment And Fds Are Not Offering Banks With Leading Financial Opportunities As Stated By The State Bank Of India (SBI), HDFC, ICICI, Axis Among...

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