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While correcting most schemes’ returns gradually in each quarter since October 2022, the government has held back hikes for the PPF, unlike other small savings instruments. File | Photo Credit: Reuters Returns on the Public Provident Fund (PPF), frozen at 7.1% since April 2020, should have been pegged at 7.51% for this quarter as per…
Casual women workers — across both rural and urban sectors — saw a net increase in their average real monthly earnings | Photo Credit: JOTHI RAMALINGAM. B Recent data from the Periodic Labour Force Survey (PLFS) of 2022-23 revealed a strengthening of the labour market, with unemployment rates falling and labour force participation rates (LFPRs) rising. Rural women’s LFPRs — for those aged 15 and above — rose from 19.7% in 2018-19 to 41.5% in…
Read More “Have earnings grown post-pandemic? – The Hindu” »
The Mumbai-based lender had posted a net profit of ₹7,558 crore in the year-ago period. | Photo Credit: REUTERS Private sector lender ICICI Bank on Saturday reported a 36% rise in standalone net profit to ₹10,261 crore for the September 2023 quarter, aided by an improvement in interest income. The Mumbai-based lender had posted a…
Read More “ICICI Bank Q2 net profit jumps 36% to ₹10,261 crore” »
RBI Governor Shaktikanta Das delivers the plenary address at the ‘Kautilya Economic Conclave’, in New Delhi, Friday, Oct. 20, 2023. | Photo Credit: PTI Interest rates will remain high, and any change will depend on the way the world evolves, Reserve Bank of India Governor Shaktikanta Das said on Friday, highlighting fresh uncertainties that…
Read More “RBI Governor says no interest rate cuts for now” »
RBI Governor said only Rs 10,000 crore worth Rs 2,000 notes are still with people. New Delhi: Reserve Bank Governor Shaktikanta Das today said Rs 2,000 denomination notes are coming back and only Rs 10,000 crore worth of such notes are still with people. He exuded confidence that these notes will also be returned or…
Read More “Rs 2,000 Notes Worth Rs 10,000 Crore Left In System: RBI Governor” »
Representational image only. | Photo Credit: Reuters Adani Cement, through Endeavour Trade and Investment Limited, has announced the completion of its refinancing programme for acquisition of debt taken for Ambuja and ACC, through a $3.5 billion financing package, raised from a clutch of international banks. “This facility will result in an overall cost saving of $300 million…
Read More “Adani Cement refinances $3.5 billion debt from 10 international banks” »
BSE Sensex fell 231.62 points or 0.35% to settle at 65,397.62. During the day, it plunged 320.63 points or 0.48% to 65,308.61. File Benchmark stock indices Sensex and Nifty fell for the third day running on Friday due to weak trends in global markets and soaring crude oil prices. Foreign fund outflows also weighed on…
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Electric Vehicle manufacturer Omega Seiki Mobility has entered into a Memorandum of Understanding (MoU) with Honda Power Pack Energy India for availing swappable batteries for its vehicles. As per this tie-up, Honda Power Pack Energy India, a subsidiary of Japan’s Honda Motor Co., Limited, will provide Omega Seiki Mobility with swappable batteries and establish a network…
The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices. | Photo Credit: RAGHUNATHAN SR The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices….
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Gold prices on Friday rose ₹381 to ₹60,699 per 10 grams in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by ₹381 or 0.63 per cent at ₹60,699 per 10 grams in a business turnover of 15,051 lots. Fresh positions…
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