Investing News - Page 29

Centre to speed up PowerGrid stake sale, aims Rs 3,000 cr

PowerGrid reported a net profit of Rs 1,040.34 crore in the April-June quarter of the current financial year.

Offshore markets influencing rupee movement: RBI

The analysis says there is a long-term relationship between the spot and the NDF markets for the rupee.

Seven ways how a falling rupee can change your life

Although a falling rupee will help NRIs and exporters, there are a lot more worries than things to be happy about.

FMC asks NSEL to liquidate all assets of defaulters

The regulator also asked NSEL to auction defaulters' commodities lying in the accredited warehouses as collateral.

Aadhaar card valid proof for opening bank account: Meena

RBI has also advised the banks that if the address provided by the account holder is the same as that on Aadhaar letter, it may be accepted as a proof of both identity and address.<br /><br />

ICICI Bank raises fixed deposits rates by up to 0.75%

For term deposits between one year to 389 days, the rate has been raised by similar percentage points to 8 percent from 7.50 percent.

Spoilt for choice: Time is ripe to invest in tax-free bonds

If you are thinking of investing in tax-free bonds, soon you will be spoilt for choices. With the government permitting state-owned companies to issue tax-free bonds in the first half of the financial year, many such papers are likely to hit the market, notes a report in Business Standard today.<br /><br />

FMC may come under Finance Ministry following NSEL crisis

Amid the deepening of payment crisis at the National Spot Exchange, the government is examining a proposal to bring commodity markets FMC under the purview of the Finance Ministry.

RBI to buy Rs 8,000 cr bonds, ease liquidity

The Reserve Bank will conduct open market purchase of government bonds of Rs 8,000 crore on 23 August to inject liquidity, the central bank said in a statement.

Sebi auctions $9.34 bn worth government bonds for FIIs

This is the biggest ever auction for such bonds and exceeds the previous record of Rs 42,022 crore, auctioned two months ago on 20 June.

RBI relaxes portfolio investment scheme for NRIs

RBI has now dispensed with the unique code for branches and said banks shall be "free to permit its branches to administer the PIS scheme for NRI".

Do yourself a favour, buy your own health insurance policy

We have always told you to be wary of insurance agents because they mis-sell. But that does not mean, you need to totally dismiss what they have to offer.

A few hurdles you might face while switching your home loan

If the property for which you've taken the loan is under construction, switching your loan to another lender could be an uphill task.

Onion or stocks? Many BSE stocks are cheaper than onions

Today, the BSE Sensex has fallen 1 percent to hit 18,124 and the Nifty by 1.04 percent at 5,360. As the rupee is unlikely to see a bottom in the near future, dashing any hopes of a revival in the economy, you can expect more stocks to fall into this category soon.<br /><br />

Govt may conduct audit of NSEL's physical stocks

The government is mulling conducting audit of NSEL's physical stocks lying in warehouses by own agencies as it fears defaults in payment by buyers, a top Consumer Affairs Ministry official said today.

Money Matters: What's your net-worth growth ratio?

Simply put, networth growth ratio is a ratio that will tell you the rate at which your net worth is growing

FMC pulls up NSEL on 'wrong info', all eyes on payout today

The forum will plan for a proper strategy to ensure full payment of the legitimate dues of its members

Rupee at 62: Why it's a good time to invest in FMPs

In fact, investing in FMPs is now a good idea, reason being, FMP invests in instruments like Certificates of Deposits, and money market instruments, which are currently offering yield of 9.5-10 percent.

Computer flaw caused trading frenzy in Chinese markets: Market regulator

A trading frenzy that caused Chinese stock prices to swing wildly last week was caused by a design flaw in a brokerage's computer, the market regulator said Sunday

NSEL crisis: Investors to wait till Tuesday before deciding legal action

With the payment crisis engulfing NSEL, the PMO is planning to set up a special team headed by the Economic Affairs Secretary Arvind Mayaram to look into the issue.

Finally: Job switchers can transfer PF accounts online by end Aug

Employees' Provident Fund Organisation (EPFO) has got very encouraging results from the online testing of the service and will be able to launch the service during the last week of this month, a source privy to the development said.

Nifty in do-or-die situation; the trend is clearly bearish

The Bank Index holds the key to the short-term trend in the Nifty. But the index is distinctly bearish after Friday's breach of the support at 9,600.

Rupee woes: Loans to get expensive as ICICI, HDFC bank hike rates

Public sector bank, Karnataka Bank too raised it deposit rate in the range of 25-50 basis points across the maturity baskets and the new rate will be effective from Monday.