It is an inflation-indexed bond which come with a face value of Rs 5,000. This is also the minimum amount you can invest. The maximum amount is Rs 5 lakh.
Infosys is poised to overtake ITC as the stock with biggest weighting in the benchmark BSE Sensex and broader Nifty.<br /><br />
The market started off trade with a positive bias on last day of the week supported by Reliance Industries and ONGC .
The fall came even as global shares took the Fed's decision to trim its bond buying by $10 billion to $75 billion a month largely in their stride while the finance minister said the country is better prepared to deal with US tapering now.<br /><br />
Surging currency reserves and the fall in the current account deficit have reassured investors about India's vulnerability to a Fed "taper", analysts said, after fears about it sent the rupee to a record low in late August.<br /><br />
The low level in the VIX denotes a more stable outlook for markets in the remainder of the month.<br /><br />
MUMBAI: To offer a hedging option to investors who are getting a negative real rate of return due to high inflation, RBI governor Raghuram Rajan on Wednesday said the apex bank will launch the consumer price inflation (CPI)- indexed savings certificate product by this month end. <br /><br /> <br /><br /> The rate of interest for the product's inaugural run will be 1.5 per cent above the annual average of the CPI. <br /><br /> <br /><br /> "We are coming out with inflation indexed certificates (IISC) tied to the CPI this month. That will give savers the opportunity to invest in assets that produce real returns," Rajan told analysts after presenting his mid-quarter policy review. <br /><br /> <br /><br /> "The real return is being fixed at 1.5 per cent for this first roll out of IISC," Rajan said. <br /><br /> <br /><br /> CPI index rose to the nine-month high at 11.24 per cent for November on the back of an increase in food items. <br /><br /> <br /><br /> Rajan had earlier announced the product in his first interaction with reporters on the day of taking charge as the head of the central bank and announced that it will be launched by November. <br /><br /> <br /><br /> The certificates will be second in a series of products after the Inflation Indexed Bonds (IIB) which have been launched to counter the effects of price rise for investors. <br /><br /> <br /><br /> IIB is linked to the whole price index-based inflation. <br /><br /> <br /><br /> Rajan on Wednesday reiterated that offering real rate of returns is very much on the mind of the central bank. <br /><br /> <br /><br /> It can be noted that the negative rate of return is one of the main issues why investors are moving towards physical assets like realty and gold, which have driven away investors from financial instruments to physical assets like the high current account deficit and a worry about a potential asset bubble forming up.
There is a good possibility that you might just be doing a few things inadvertently on a regular basis, which send wrong signal to your bank.
Things that you need to know before the opening bell
The Sensex and Nifty will benefit hugely from the Fed's policy of a calibrated taper of asset purchases as will the Indian rupee.
Forward Markets Commissions (FMC), which oversees commodities markets, removed its "fit and proper" designation for both Financial Technologies and its chief executive, Jignesh Shah - a status needed to operate an exchange in India.
The government, promoter of IOB, holds 73.80 percent stake in the bank. It has proposed to acquire nearly 23 crore additional shares of the bank by way of preferential allotment against the Rs 1,200 crore infusion.
With a gain of $12.7 billion in 2013, the legendary billionaire investor and notable philanthropist's net worth at the end of the year stands at $59.1 billion. That, however, does not make Buffett the wealthiest billionaire.
The tips are so mind boggling that it looks like modern day financial planners have borrowed a leaf from ancient scriptures to make the foundation principles of modern day personal finance.
The Indian bourses today closedin the green today buoyed by the RBI's decision to keep policy rates unchanged until the next set of data is released in six weeks' time
The markets were well prepared for a rate increase and would have preferred one with a guidance. However, a no-rate hike with an uncertain guidance that it may take action on non-policy dates if the inflation moves higher will keep the markets edgy.
The benchmark BSE Sensex today surged nearly 253 points in late morning trade on buying in blue-chip stocks led by the banking sector after the RBI kept interest rates unchanged in its monetary policy review.
In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employees
The Sensex rose 36.34 points to 20,648.48, and the Nifty advanced 11.40 points to 6,150.45.
The group on 5 December handed over a draft of Rs 5,120 crore, but claimed that more than Rs 20,000 crore have already been refunded directly to the investors. <br /><br />
The benchmark Sensex today erased initial gains and ended over 47 points down, logging losses for the sixth day in a row, as investors grew nervous ahead of<br /><br /> RBI's policy review meet where it is expected to hike rates.
Like every other insurance policies, travel insurance policy comes with a whole lot of jargons, exclusions, terms and conditions which make calculus seem easy to understand. We bring you six things to keep in mind, while buying travel insurance.
Apollo Tyres surges 9% after Cooper Tire loses court bid to force merger
The Sensex rose 110.29 points or 0.53 percent to 20,769.81, and the Nifty climbed 28.20 points or 0.46 percent to 6,182.90
The Enforcement Directorate has attached a fresh estimated Rs 100 crore assets of a borrower company and its associates in connection with money laundering probe in the National Spot Exchange Limited (NSEL) scam case.
10 things you should know before the opening bell
With the new technology BOLT+ will enable acceptance of 500,000 orders per second capacity, which in turn leads to the currency derivative exchange trading success.
As per the latest data available with Sebi, there was a net inflow of Rs 1,50,675 crore during the 2013-14 fiscal (April-November) as against a net inflow of over Rs 76,000 in the preceding fiscal.