Indian stocks settled lower on Thursday in line with weakness in the US markets, which declined sharply overnight as the US Federal Reserve went ahead with its further monetary policy tightening to bring down inflation to its target even as volatility in the banking system continued due to r
The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by 25 basis points to 4.75-5.0 per cent at its latest two-day review meet.
Indian stocks fell Thursday during the morning trade in line with weakness in the US markets, which declined sharply overnight as the US Federal Reserve went ahead with its further monetary policy tightening to bring down inflation to its target-- even as volatility in the banking system
Pakistan has implemented a series of policy measures, including higher taxes, higher energy prices, and raising interest rates to their highest level in 25 years in order to unlock funding from the IMF's stalled USD 6.5 billion lending programme
Mumbai (Maharashtra) [India], March 21 (ANI/BusinessWire India): AU Small Finance Bank has announced a hike in the interest rates offered on Fixed Deposits. You can now earn up to 8.50% interest p.a. for senior citizens.
Bank of Baroda on Friday announced it will increase interest rates on domestic retail term deposits -- including NRO and NRE term deposits, by 25 basis points on select tenors.
On the domestic front, the peak impact of the rate hikes -- 250 basis points since May 2022, which has pushed interest rates above pre-Covid-19 levels -- will play out in fiscal 2024, according to a statement of CRISIL.
The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding.
The agreement is an early sign that, despite the threat of close antitrust examinations and higher interest rates, big pharmaceutical companies are poised for heavy deal-making this year, WSJ said.
Mumbai (Maharashtra) [India], March 13 (ANI/PRNewswire): According to Kuvera's research, nearly half of the 1.6 million investors revealed they preferred Fixed Deposits (FDs) when they wanted money within 3 years with safety. This would represent 44% of the survey's overall respondents. To b
Pune (Maharashtra) [India], March 10 (ANI/NewsVoir): Fixed deposits (FDs) are a popular investment option among senior citizens who prefer a low-risk, fixed-income investment. FDs offer a guaranteed return on investment and provide stability and safety. Senior citizens can now earn even high