Curated By: Business Desk Last Updated: August 07, 2023, 11:13 IST A loan against your fixed deposit (FD) is one of the most cost-effective loans. The credit limit is usually in the range of 70–95 per cent of the deposit amount. In times of financial urgency, we often turn to friends, relatives, or lending institutions…
Last Updated: August 07, 2023, 11:45 IST Shares of One 97 Communications Ltd (Paytm) rose 12 per cent in Monday’s trade as founder and CEO Vijay Shekhar Sharma entered into an agreement with Antfin (Netherlands) Holding BV to purchase 10.30 per cent stake in the new-age company through his 100 per cent owned overseas entity…
Published By: Business Desk Last Updated: August 07, 2023, 11:37 IST The scheme’s essence is to encourage people to invest in a pension account at regular periods during the course of their employment. NPS India is a voluntary and long-term investment plan for retirement that is overseen by the Pension Fund Regulatory and Development Authority…
Published By: Business Desk Last Updated: August 07, 2023, 11:54 IST Paying your credit card bill on time is of utmost significance. Generally most of the credit cards come with a free repayment period of 30 days within which you can make the payment without any additional charge. The credit cards, once seen as an…
As per the tax return data filed in assessment year (AY) 2022-23, 1,69,890 individuals have shown total income of above Rs 1 crore. (Representative image) During AY 2022-23, over 2.69 lakh entities, including individuals, companies, firms and trusts, have shown total income of above Rs 1 crore. Income Tax Return: Individuals reporting annual total income…
Concord Biotech IPO Subscription Day 2: Rakesh Jhunjhunwala’s RARE Enterprises-backed Concord Biotech’s initial public offering (IPO) was subscribed 0.61 times on Day 1. Rekha Jhunjhunwala-owned RARE Enterprises holds 24.09 per cent stake in Concord Biotech. The public offer had opened for subscribers on Friday, August 4 and it will remain open for bidders till 8th August 2023. The public issue…
Curated By: Business Desk Last Updated: August 07, 2023, 12:07 IST The policy verdict will be unveiled by Governor Shaktikanta Das on August 10. The next meeting of RBI MPC is starting from 8th August in which it will be decided whether the interest rates will increase or remain stable. Amid mounting worries over inflation,…
The 1 crore ITR filing milestone was also reached 13 days ahead on June 26 in the current fiscal, compared to July 8 last financial year. In July, which is the last month of I-T return filing, over 5.41 crore returns were filed, taking the total number of filing to over 6.77 crore by the…
Over 80% of SBI’s retail loans are to its salary-account holders, giving it greater visibility on a borrower’s cash flow. SBI’s total domestic advances were 28 trillion rupees as of June 30. State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial…
Published By: Business Desk Last Updated: August 07, 2023, 15:52 IST The Cyrus Poonawalla Group has announced the appointment of Keki Mistry as the strategic advisor to all of Adar Poonawalla’s financial services companies. Cyrus Poonawalla Group, headquartered in Pune, has business interests in pharmaceuticals, biotechnology, finance, sustainable energy, hospitality real estate, and aviation sectors….