Finance News

Retail inflation for industrial workers eases to 4.59% in January Retail inflation for industrial workers eased to 4.59 per cent in January compared to 4.91 per cent in December 2023 mainly due to lower prices of certain food items. Food inflation stood at 7.66 per cent in January 2024 against 8.18 per cent in December 2023. Food inflation was 5.69 ...

REC to issue deep-discount bonds to raise Rs 5,000 crore in March The state-run financier plans to raise the money through 10-year, deep-discount bonds and the issue is likely to see strong investor demand, the sources said

Fund review: SBI Bluechip fund Fund review: SBI Bluechip fund

Tax season 2024: How to make the most of your ELSS investment An ELSS fund is an equity-oriented scheme with a mandatory lock-in period of three years. In recent years, many taxpayers have turned to ELSS schemes to avail of tax benefits.

MobiKwik' Pocket UPI' to allow wallet payments without linking to bank This latest feature is aimed at creating more security and flexibility during transactions by mitigating risks associated with direct bank transfers

Borrowing cost for states decline for third week in a row to 7.44% The borrowing cost for states continued to fall for the third week in a row, with the weighted average price falling to 7.44 per cent in the debt auction on Tuesday. The cost had remained at a two-year high throughout January sniffing at 7.8 per cent. However, ...

Unsecured loan growth remains strong despite hike in risk weights Recently, the RBI reiterated its concern on the elevated unsecured lending portfolio of banks in its Bulletin

Corporate bonds witness strong demand in February as yields soften Market participants expect that states’ borrowing for both the current quarter and the entire financial year will be significantly lower than the calendar projections

Sikkim govt to create fixed deposits of Rs 10,800 in name of newborns Sikkim Chief Minister Prem Singh Tamang on Monday announced a new scheme under which the government will make a fixed deposit of Rs 10,800 in the name of a newborn. Addressing the ‘Jan Bharosa Sammelan’ in Soreng district, Tamang announced the ‘Sikkim Sishu Samriddhi Yojana’ ahead of ...

RBI lifting curbs on forex non-deliverable forward arbitrage by banks Arbitrage trades allow investors to benefit from the price differences of securities in different markets but can exaggerate price trends