State Bank of India (SBI) has reduced the interest rate on savings accounts by a marginal 5 basis points to 2.70 per cent effective from October 15. The new saving rates are applicable on balances of less than Rs 10 crore,State Bank of India (SBI) has reduced the interest rate on savings accounts by a marginal 5 basis points to 2.70 per cent effective from October 15. The new saving rates are applicable on balances of less than Rs 10 crore,
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‘Bad Situation’: Soaring US Dollar, Spreads Pain Worldwide
The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money.The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money.
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China Plays Down Concern Over, Its Economic Slowdown, Claims Rebound Of Its Economy
China on Monday claimed a rebound of its economy and promised more opening up for foreign investments as the key Congress of the ruling Communist Party deliberated a new economic policy to stabilise the world’s second-largest economy. Over 2,300 delegates attendingChina on Monday claimed a rebound of its economy and promised more opening up for foreign investments as the key Congress of the ruling Communist Party deliberated a new economic policy to stabilise the world’s second-largest economy. Over 2,300 delegates attending
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Banks Hike MCLRs, Repo-Linked Lending Rates Post, RBI Rate Action
Joining peer lenders, SBI, Kotak Mahindra Bank and Federal Bank are the latest in the list to revise their marginal cost of funds based lending rates (MCLRs) in addition to hikes in repo-linked rates from early October. Following a hike inJoining peer lenders, SBI, Kotak Mahindra Bank and Federal Bank are the latest in the list to revise their marginal cost of funds based lending rates (MCLRs) in addition to hikes in repo-linked rates from early October. Following a hike in
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Nestle India Declares 2nd Interim Dividend Of Rs 120 For The Year 2022, Details Inside
Wednesday, 19 Oct’2022, the Board of Directors of Nestle India Ltd. decided to declare a Second Interim Dividend of Rs. 120/- (Rupees One Hundred Twenty Only) per equity share worth Rs. 10/- for the year 2022. This dividend will be paidWednesday, 19 Oct’2022, the Board of Directors of Nestle India Ltd. decided to declare a Second Interim Dividend of Rs. 120/- (Rupees One Hundred Twenty Only) per equity share worth Rs. 10/- for the year 2022. This dividend will be paid
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Today’s Gold Price Delhi: Yellow Metal Falls; Silver Witnesses Sharp Dip
Gold price in the national capital fell Rs 40 to Rs 50,833 per 10 grams on Monday amid a fall in the precious metal prices in the overseas market, according to HDFC Securities. In the previous trade, the yellow metalGold price in the national capital fell Rs 40 to Rs 50,833 per 10 grams on Monday amid a fall in the precious metal prices in the overseas market, according to HDFC Securities. In the previous trade, the yellow metal
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India Needs Dedicated Wing, To Release Green GDP Estimates, Says RBI Article
India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform, said an RBI article. Green GDP takes into account estimates forIndia needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform, said an RBI article. Green GDP takes into account estimates for
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New RBI Norms, To Structurally Strengthen ARCs & Consolidation
The new regulatory guidelines for asset reconstruction companies (ARCs) will lead to consolidation in the sector apart from structurally fortifying them with improved governance, better disclosures, lower funding needs for asset acquisitions, and robust balance sheets, says a report. According toThe new regulatory guidelines for asset reconstruction companies (ARCs) will lead to consolidation in the sector apart from structurally fortifying them with improved governance, better disclosures, lower funding needs for asset acquisitions, and robust balance sheets, says a report. According to
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PM Expresses Concern, On High Import Bill For Edible Oil, Fertliser
Prime Minister Narendra Modi on Monday expressed concern over the huge edible oil and fertilisers import bill, which is putting pressure on the exchequer, saying it is time to work in mission mode to make India self-reliant and reduce import dependence.Prime Minister Narendra Modi on Monday expressed concern over the huge edible oil and fertilisers import bill, which is putting pressure on the exchequer, saying it is time to work in mission mode to make India self-reliant and reduce import dependence.
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Gold Rising For Last 2 Days After Falling By Rs 600, Silver Jumps By Rs 5200 Today
The price of gold has been surging for the last two days in India after witnessing a sharp single day decline of Rs 600 on October 15, 2022. The price of 22K yellow metal rose marginally by Rs 10 on MondayThe price of gold has been surging for the last two days in India after witnessing a sharp single day decline of Rs 600 on October 15, 2022. The price of 22K yellow metal rose marginally by Rs 10 on Monday