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IMF slashes India’s FY20 growth forecast by 130 bps to 4.8%

The IMF cut its estimate citing a sharper-than-expected slowdown in local demand and stress in NBFC sector.

company fixed deposits

Jan 20, 2020, 07.49 PM IST

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COMPANY FIXED DEPOSITS

Check fixed deposit interest rates of SBI, PNB, HDFC Bank and ICICI Bank

​​Not only conservative investors prefer bank FDs but also, senior citizens consider investing a large amount of their money in bank FDs as they consider it as one of the safe options over equities. Find out FD rates offered by several banks

How to set up SIP investments in mutual funds, stocks, recurring deposits

The most popular route of systematic investment is in a mutual fund...

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  • Twitter Chief executive Jack Dorsey had sought direct feedback from the Tesla CEO. “Give us some direct feedback,” said Dorsey, who spoke to Musk via a video call from a company meeting in Houston. Musk was projected onto a giant screen as thousands of Twitter employees watched the two executives chat.

    The company that reported the highest pay gap between CEO and an average employee is HEG, India’s leading graphite electrode manufacturer, where the CEO earned 4,045 times the median remuneration of its employees.

    Banks have no liability to telecom companies linked to the AGR order because these do not form a part of the guarantees they have given. However, any cash outflow due to these payments could severely dent debtheavy service providers such as Vodafone Idea.

    The bank has cut rates on long-term fixed deposits maturing in 1 year to 10 years. According to the bank's website, FDs with tenures of more than one year will now fetch 6.1 per cent, down from 6.25 per cent earlier.

    "We note that the appellant (DLF) is a listed company in real estate and is very well aware of legal formalities. By insisting affidavit and indemnity bond again and again, in spite of Letter of Administration issued clearly establish that the Appellants (DLF and Rajdhani Investments) are harassing the poor investors," said a three-member NCLAT bench.

    India’s economy is grappling with the slowest expansion in more than a decade.

    The Telecom Regulatory Authority of India (Trai) has extended timeline for receiving comments over its consultation paper which seeks views on fixing a floor price for voice and data services on telecom networks. The deadline for filing comments and counter comments has been extended till February 28 and March 13, respectively.

    To increase its savings deposits the bank is offering interest rate of 7.5% per annum on savings account and upto 8.25% p.a. on fixed deposit. It also offers 60 basis points more for senior citizens.

    Nearly 55,000 public depositor holders, including retail and UP Power Corporation Employees, have demanded payments aggregating to Rs 5,200 crore from the troubled mortgage players as of December 17. "The claims from fixed depositors that have been admitted, so far, are Rs 4,800 crore," a source said.

    NPCI is pushing top banks to make cash deposit too an interoperable feature at their ATMs and branches.

    Net income at the United States' largest bank rose to $8.52 billion, or $2.57 per share, in the quarter ended Dec. 31, from $7.07 billion, or $1.98 per share, a year earlier.

    Similarly, Bajaj Finance has lowered deposit rates by 15-40 basis points and the maximum it pays is 8.35%. PNB Housing Finance and Shriram Transport Finance are likely to reduce rates by 20-25 basis points, beginning early January.

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