5:10 PM
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Pakistan repaid $1 billion Eurobonds before seeking IMF bailout. Finance Minister Aurangzeb headed to IMF-World Bank spring meeting for negotiations. Discussions ongoing for policy reforms, reserves buildup, and potential IMF follow-up program.
2:10 PM
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Fixed deposits like corporate FDs and bank FDs offer guaranteed returns and security. However, corporate FDs have higher interest rates but carry more risks. Bank FDs provide added security with enhanced deposit insurance cover, making them a safer investment option.
11:10 AM
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Credit score helps banks make informed decisions about extending credit cards and loans. Your credit history influences your CIBIL score, which is calculated using a special method.
7:10 AM
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Vodafone Idea plans Rs 18,000 crore FPO at Rs 10-11/share, surpassing Yes Bank's record. Aiming to boost market position, address debt, and prepare for 5G rollout amidst subscriber losses and quarterly challenges.
6:10 AM
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The Asian Development Bank increased India's growth forecast to 7 per cent, emphasizing the impact of FDI inflow, weather shocks, and global inflation risks. Central banks may tighten financial conditions in response to negative global shocks. It also estimated inflation to stay around 4.6 per cent in 2024. ADB had projected the Indian economy to grow 7.6 per cent last year.
5:10 AM
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73% of companies focus on women's development, leadership training, and DEI efforts. WeAce, DBS Bank, and DCM Shriram emphasize tailored programs, diversity, and inclusion, with a focus on emotional intelligence and negotiation skills.
6:10 AM
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2:10 PM
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Banks in certain states close for Ramzan-Id (Eid-Ul-Fitr) as per RBI. Eid al-Fitr starts with crescent moon sighting. Kerala, Ladakh, Jammu, and Kashmir celebrate Eid today. Exceptions include Chandigarh, Sikkim, Himachal Pradesh for April 11 bank holiday.
6:10 AM
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Paytm Payments Bank (PPBL) has announced that its MD and CEO, Surinder Chawla, has resigned. The CEO's resignation comes at a time when the RBI has restricted the payments bank from doing most banking-related activities due to noncompliance with its KYC rules, among other difficulties.
5:10 AM
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Gold and silver prices reached new highs on the Multi Commodity Exchange and local markets fueled by various factors including jeweler demand on an auspicious day, geopolitical risks, general elections, central bank purchases, and rupee depreciation.
5:10 AM
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Bain Capital to sell $429M stake in Axis Bank, exiting Nov 2017 holding. 33.4M shares at Rs 1,071-1,076/share with 0.5% discount. Previous sales in Dec 2022. BofA Securities bookrunner. No comments on transaction details or buyer.
5:10 PM
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Small-cap and mid-cap mutual fund schemes have excelled as top performers in actively-managed equity funds over the past year, outperforming benchmarks and maintaining a lead in returns over a five-year period. Value-oriented funds focusing on public sector companies in sectors like banks, railways, and defence have also shown strong performance.
10:10 AM
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Vishal Mega Mart is preparing for a share sale, potentially occurring in the fourth quarter of this year, with Kotak Mahindra Bank Ltd and ICICI Bank Ltd selected to facilitate the arrangement. Owned by private equity entities Partners Group Holding AG and Kedaara Capital, the IPO aims to allow these firms to reduce their stakes. Additional banking partners are expected to join the IPO process.
3:10 PM
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Financial educator Ravindra Balu Bharti has been instructed by the Securities and Exchange Board of India (Sebi) to transfer more than Rs 12 crore, earned through illegitimate means. Bharti must deposit the funds into an interest-bearing Escrow Account in a nationalized bank. Sebi specified that the Escrow Account will hold the amount in Sebi's favour, with no withdrawals permitted without the regulator's consent.
1:10 PM
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Fixed deposit interest rates: Interest income from FDs is fully taxable and contributes to your overall tax obligation. Since FD interest is considered "income from other sources," Tax Deducted at Source (TDS) is applicable.
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