Business News

Global economy moving from relative predictability to one of greater uncertainty, forecasts IMF
business

Global economy moving from relative predictability to one of greater uncertainty, forecasts IMF

In a major policy speech ahead of the annual meeting of the International Monetary Fund (IMF) and the World Bank, IMF Managing Director Georgieva on Thursday said the World Economic Outlook to be released next week would further downgrade the global growth projections

PMI: India's service sector activity falls to 6-month low in September, new business inflows rise slowest since March
business

PMI: India's service sector activity falls to 6-month low in September, new business inflows rise slowest since March

The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September, from 57.2 in August, highlighting the weakest rate of expansion since March. However, for the 14th straight month, the services sector witnessed an expansion in output

India remains bright spot for car sales; to outshine regional, global peers this year, says Moody's
business

India remains bright spot for car sales; to outshine regional, global peers this year, says Moody's

The car sales volumes this year in the country is expected to increase by 12.5 per cent and another four per cent in 2023, it stated

India makes strong pitch to major US firms for investing in oil and gas production
business

India makes strong pitch to major US firms for investing in oil and gas production

Favourable geology, open data access, supporting policy regime and ease of doing business were the major drivers to attract potential United States players to invest in India's energy and petroleum growth wave during a two-day investors meet held in Houston

NHAI Investment Trust to raise Rs 1,500 crore via issuance of bonds; details here
business

NHAI Investment Trust to raise Rs 1,500 crore via issuance of bonds; details here

Given the state of the market at this time, it is anticipated that these bonds will be offered to retail investors at a coupon rate of roughly 7 per cent

Bima Sugam, use and file initiative: Here are recent decisions to increase health insurance penetration
business

Bima Sugam, use and file initiative: Here are recent decisions to increase health insurance penetration

The penetration of health insurance in India remains low, and the government-spending on healthcare is one of the lowest in the world

SEBI orders Brickwork Ratings to cease operations within six months; all you need to know
business

SEBI orders Brickwork Ratings to cease operations within six months; all you need to know

SEBI also issued an unprecedented order prohibiting the credit rating agency from accepting any new business on the grounds that the agency's operations had frequently failed

Why private sector investments is important to develop women-led agricultural businesses
Business

Why private sector investments is important to develop women-led agricultural businesses

Women often perform primary roles on agricultural land in the form of livestock rearing and labour-intensive jobs such as weeding and picking

Canara Bank raises lending rates by 15 basis points; EMIs to increase
business

Canara Bank raises lending rates by 15 basis points; EMIs to increase

Canara Bank raised its overnight to one-month MCLR rate by 15 basis points, from 6.90 per cent to 7.05 per cent

Petrol Price Today: Know new petrol, diesel price in your city
business

Petrol Price Today: Know new petrol, diesel price in your city

Today is the 139th consecutive day when there has been no change in the price of petrol and diesel in India. Thus, there has been some relief for the common people on the inflation front

What are Debt Funds and Hybrid Funds? Learn which option can be better
business

What are Debt Funds and Hybrid Funds? Learn which option can be better

In order to diversify their holdings and reduce the risk of concentration, hybrid funds invest in both debt and equity assets

PNB offers 80 bps extra to these senior citizens on fixed deposits; know more here
business

PNB offers 80 bps extra to these senior citizens on fixed deposits; know more here

If a super senior citizen prematurely withdraws a fixed deposit, then a penal interest will be levied

NPS proposes systematic lump sum withdrawal plan for pensioners; invites suggestions till 19 October
business

NPS proposes systematic lump sum withdrawal plan for pensioners; invites suggestions till 19 October

As per the current rules, NPS subscribers can withdraw a maximum of 60 percent of their investments as lump sum

HDFC extends Senior Citizen Care FD scheme till March 2023, details here
business

HDFC extends Senior Citizen Care FD scheme till March 2023, details here

Senior citizens will receive a rate of 6.50 percent, which is an increase of 75 basis points over the regular rate under the bank's Senior Citizen Care FD

Unity Bank introduces special FD scheme with lucrative interest rate; details here
business

Unity Bank introduces special FD scheme with lucrative interest rate; details here

Recently, the interest rates on callable and non-callable bulk deposits (deposits greater than Rs. 2 crores) were also changed at Unity Bank

Gold Silver Price Today: Gold price jumps as Dhanteras approaches, latest rates here
business

Gold Silver Price Today: Gold price jumps as Dhanteras approaches, latest rates here

However, gold is still cheaper than the all-time high price by about Rs 4400 per 10 grams and silver at the rate of about Rs 19000 per kg

Sensex climbs 513 points in early trade amid fresh foreign capital inflows
business

Sensex climbs 513 points in early trade amid fresh foreign capital inflows

Foreign institutional investors were net buyers as they bought shares worth Rs 1,344.63 crore on Tuesday, according to data available with BSE

Petrol Price Today: Know latest petrol, diesel price updates
business

Petrol Price Today: Know latest petrol, diesel price updates

Today is the 138th consecutive day when no change has been made in the price of petrol and diesel in the country, giving relief to the people on the inflation front

Globalisation of Indian firms: Is it a new dawn?
Business

Globalisation of Indian firms: Is it a new dawn?

Greater clarity is required on certain aspects like ‘strategic sector’, ‘bona fide business activities’, ‘control’, etc. Success lies in the implementation of the rules in an effective and hassle-free manner

UPI payments set new record in September
business

UPI payments set new record in September

It is expected that payment through UPI would create another record both in terms of transaction and value in the festival month of October and November