Atul Ltd’s growth levers in place: 5 reasons it’s this week’s stock pick [ad_1] Atul Ltd, an integrated chemicals company, reported a mixed segmental performance in the second quarter of 2022-23. While the POC (performance and other chemicals) segment reported a muted 7% y-o-y revenue growth, the life cycle segment (LSC) reported a strong revenue growth of 65% y-o-y. Overall, ...

Why target maturity mutual funds are a good bet now [ad_1] For years, debt funds were ignored by retail investors, thanks to the market-linked nature of returns. Preferring the safety of assured returns, investors opted for bank FDs and small savings schemes. Three years ago, the debt fund landscape changed overnight. Introduction of passive index-based debt funds—in the form of ...

Federal Bank increases interest rates on fixed deposits, effective Dec 18 The increased interest rates for fixed deposits below Rs 2 crore at the Federal Bank are now effective, reported LiveMint. The publication cited an update from the lender to say that the bank is now giving interest rates between 3 per cent and 6.30 ...

Banks look at possibility of rupee trade with Bangladesh, African nations Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries like Egypt as part of exercise to make rupee an international currency, sources said. The overseas trade in rupee would safeguard the external sector from fluctuation in the forex ...

IDFC First Bank announces waiver of charges on customer-centric services Private sector IDFC First Bank has announced waiver of charges on a number of customer-centric services such as cash deposits, withdrawals, demand drafts, IMPS and SMS alerts, among others ahead of its Foundation Day on Sunday. On the occasion of its Foundation Day on 18th ...

Yes Bank assigns Rs 48k cr stressed asset loan portfolio to JC Flowers ARC Yes Bank has concluded assignment of the Rs 48,000-crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company. The bank had earlier declared JC Flowers Asset Reconstruction Private Limited (JC Flowers ARC) as the winner of the ...

Proposed changes to insurance laws may cause health claim disputes: Unions The proposed amendment to the definition of health insurance business is not exhaustive and may lead to disputes at the time of claims, said four unions in the Life Insurance Corporation of India (LIC).   The Unions also said the proposed amendments does ...

World of plots – A true investment opportunity [ad_1] The land has been an excellent old investment option for a long time. It is considered to be long-term with potential higher gains. If you look at the appreciation and growth index of Delhi-NCR, you will be amazed to know that plots and SCO’s rates in most areas of Gurgaon have ...

Sovereign Gold Bonds: RBI issues new tranche of Sovereign Gold Bonds: How to buy SGB online [ad_1] The Reserve Bank of India announced on Friday that the issue price for the latest tranche of the Sovereign Gold Bond Scheme 2022-23, which will be open for subscription for five days starting on Monday (December 19, 2022), has been set at Rs ...

Payment of maturity, premature closure amount of small savings scheme [ad_1] Small savings schemes account holder will get payment of maturity, premature, closure amount of accounts into account holders bank account through ECS outward credit facility. According to the Ministry of communication SB Order No. 09/2021 dated 30.04.2021, “Maturity/pre-mature/closure amount of all type of National Savings Schemes can now be ...