Bajaj Finserv announces Fixed Deposits for NRIs

Bajaj Finserv announces Fixed Deposits for NRIs

Wednesday, 21 August 2019 | PNS | New Delhi

Bajaj Finance Ltd, a deposit accepting Non-Banking Financial Institution (NBFC) and a lending arm of Bajaj Finserv group, has announced its new offering of Fixed Deposit upto 8.95% to NRIs. Bajaj Finance Fixed Deposit for NRIs offers flexible tenor options between 12 months and 36 months, along with multi-deposit and...

Hasina, Sania to co-chair WEF’s India Eco Summit

Wednesday, 21 August 2019 | PTI | new delhi

Bangladesh Prime Minister Sheikh Hasina and tennis star Sania Mirza will be among co-chairs for India Economic Summit to be held here in October by the World Economic Forum, where hundreds of Indian and global leaders would discuss India’s role in South Asia and on the world stage. Hasina and...

GST rate cut can help revive growth in auto industry: Hyundai

GST rate cut can help revive growth in auto industry: Hyundai

Tuesday, 20 August 2019 | PTI | New Delhi

A combination of various factors has hurt automobile sales in India and an immediate government intervention in the form of GST rate cut can help bring back growth to the industry, according to Hyundai Motor India Managing Director and Chief Executive Officer S S Kim. While the festive season may be...

Sensex ends 74 pts lower; Yes Bank plunges 7.11 pc

Sensex ends 74 pts lower; Yes Bank plunges 7.11 pc

Tuesday, 20 August 2019 | PTI | Mumbai

Snapping its three-session rising streak, equity benchmark Sensex closed 74 points lower on Tuesday, dragged by losses mainly in financial counters as investors remained cautious in view of prevailing economic uncertainty. Shares of Yes Bank plummeted 7.11 per cent on concerns over the valuation of stake in CG Power, which has...

BI waives processing fee on car loans in festival season

BI waives processing fee on car loans in festival season

Tuesday, 20 August 2019 | IANS | Mumbai

State Bank of India (SBI), the country's largest lender, on Tuesday announced processing fee waiver on car loans during the upcoming festival season in a bid to boost car sales. The bank is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in...

Sensex, Nifty rise for 3rd day in a row

Sensex, Nifty rise for 3rd day in a row

Tuesday, 20 August 2019 | PTI | Mumbai

Equity benchmarks Sensex and Nifty on Monday rose for a third straight session but gains were restricted due to fag-end selling in financial and auto counters amid growing concerns over economic slowdown and health of NBFCs. After rallying 369 points during the day tracking positive global cues, the 30-share Sensex settled...

Rs plunges to over 6-month low of 71.43; skids 29 paise

Tuesday, 20 August 2019 | PTI | Mumbai

The Indian rupee tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar on Monday amid growing worries over economic slump and sustained foreign fund outflows. Further, rising crude oil prices and strengthening of the US dollar vis-a-vis other currencies overseas also took toll on...

Economic slowdown ‘very worrisome’, new set of reforms needed: Rajan

Tuesday, 20 August 2019 | PTI | New Delhi

Former RBI Governor Raghuram Rajan has called slowdown in the economy “very worrisome” and said the government needs to fix the immediate problems in power and non-bank financial sectors and come out with a new set of reforms to energise private sector to invest. Rajan, who was Governor of the Reserve...

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