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From March 30, fixed deposits of 33-month duration will fetch 6.2% annualised returns. For 66-month deposits, the rate would be 6.6% and 6.65% for 99-month deposits. Senior citizens would get 25 basis points more. Distributors said this is the first time after October 2018 that HDFC Ltd has raised deposit rates.
Fatigue? Dalal Street rolls over fewer bullish bets to Aug seriesThe Bank Nifty underperformed the index on concerns over the impact of coronavirus pandemic on the economy and businesses. The Bank Nifty gained 0.65 per cent in the July series and provisionally saw rollovers of 63.5 per cen… Read MoreRIL raises Rs 2,550 cr through commercial paper issueThe retail-to-oil conglomerate, for example, mopped up Rs 1,250 crore for three months at 3.4 per cent. The rate is 45 basis points lower than its previous CP sale in May last week. One basis point is 0.01 percentage point.
… Read MoreStocks in the news: RIL, SBI, Tata Motors, HDFC, Sun Pharma, IOC and Lakshmi Vilas Bank JSW Energy, Ujjivan SFB and Godrej Agrovet are among companies which will declare June quarter results on Friday.
from Stocks-Markets-Economic Times https://ift.tt/2X96Aso
… Read MoreBrokerage stocks surge as retail trades jump to record in IndiaLocal brokerages, ICICI Securities Ltd. and Geojit Financial Services Ltd., have gained more than 17% this year while the 103-member S&P BSE Finance Index slumped 26%.
from Stocks-Markets-Economic Times https://ift.tt/… Read MoreRecovery signs visible, improvement will happen if lockdowns end: Parekh"Signs of the wheels of the economy beginning to churn are evident from the following facts: unemployment rates have tapered down from their peaks in May, e-toll collections are higher, as are e-way bills, digital transaction… Read More
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