Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies. The flagship of billionaire Kumar Mangalam Birla plans to raise as much as 10 billion rupees ($117 million) selling a bond due in five years, … Read more
The Indian rupee slipped on Tuesday, tracking mild losses in regional peers and dollar demand from foreign banks, though broader weakness in the greenback limited the decline. The rupee closed at 84.4325 against the U.S. dollar, down 0.2% on the day. The offshore Chinese yuan retreated from a near six-month high hit on Monday on … Read more
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, prompting several Indian banks to adjust their repo-linked lending rates (RLLR). This move is set to benefit home loan borrowers, as banks like Indian Bank, Punjab National Bank (PNB), and Bank of India have announced reductions in their lending rates. … Read more
State Bank of India (SBI), the country’s largest lender, has ceased its Amrit Kalash fixed deposit (FD) scheme, which was earlier available for a limited period. This scheme offered a notable interest rate of 7.10% per annum for regular investors and a higher rate of 7.60% for senior citizens on a 400-day deposit. According to … Read more
India Post has introduced a partial withdrawal facility for the Mahila Samman Savings Certificate (MSSC), a move aimed at enhancing financial flexibility for women account holders. The scheme, exclusively available to women and girls, permits withdrawals of up to 40% of the eligible balance after one year from the date of account opening, but before … Read more
The Sovereign Gold Bond (SGB) 2019-20 Series X, originally issued on 11 March 2020, is now open for premature redemption starting from 11 March 2025. Investors can redeem these bonds at a set price of Rs 8,596 per unit. This early redemption option comes after the completion of five years from the issue date, aligning … Read more
The Employees’ Provident Fund Organisation (EPFO) has announced new amendments for the Employees’ Deposit Linked Insurance (EDLI) scheme, aimed at strengthening financial protection for families of deceased EPF members. These changes, announced in a meeting on February 28, 2025, are expected to benefit thousands of families annually by enhancing insurance payouts and extending coverage. EPFO … Read more
Gold prices on Tuesday zoomed by Rs 1,100 to reclaim the Rs 89,000 mark in the national capital on increased buying by jewellers and stockists and strong global trends, according to the All India Sarafa Association. The metal of 99.9 per cent purity rallied by Rs 1,100 to Rs 89,000 per 10 grams from the … Read more
Gold prices retreated from the record high level in the national capital on Friday, declining by Rs 700 to Rs 88,750 per 10 grams due to weak demand from jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity hit a record high of Rs 89,450 per … Read more
In an exclusive ETMarkets Livestream interview, Subho Moulik, Founder & CEO, Appreciate — a leading expert in global market investments, shares valuable insights into why Indian investors are increasingly turning to the US markets. With a focus on diversification, high-return potential, and exposure to cutting-edge sectors like AI, biotech, and semiconductors, Moulik outlines the growing … Read more