[ad_1] Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy. The S&P 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other […]
Bank of India launches 333-day FD: Interest rates up to 7.90% for super senior citizens – CNBC TV18
[ad_1] Bank of India has launched a new fixed deposit scheme, the 333 Days Star Dhan Vriddhi Fixed Deposit, which features an interest rate of up to 7.90% per annum for Super Senior Citizens, effective from September 1. Under this scheme, Super Senior Citizens will benefit from the highest rate offered at 7.90% per annum. […]
IDBI Bank increases rates for FD scheme: Here’s what it means for you – CNBC TV18
[ad_1] IDBI Bank has announced a hike in interest rates for its Utsav Fixed Deposit scheme, making it a more appealing option for those looking to maximize their savings. The revised rates now offer 7.85% per annum for a 444-day tenure and 7.75% per annum for a 375-day tenure. These enhanced rates are available for […]
Jackson Hole symposium key for markets, EMs to gain from US rate cuts, says Lyn Alden Investment founder – CNBC TV18
[ad_1] The Jackson Hole Symposium, the annual economic conference hosted by the Federal Reserve Bank of Kansas City, and the actions of the US Federal Reserve are the key events to watch in the markets at present, says Lyn Alden, Founder of Lyn Alden Investment Strategy. Focusing on the likely US rate cuts, Alden also said that […]
Karur Vysya Bank cuts EBLR, SBI increases MCLR: What this means for your loans – CNBC TV18
[ad_1] Karur Vysya Bank has announced a reduction in its External Benchmark Lending Rate (EBLR) from 10.05% to 9.9%, effective August 19. EBLR, which is a key interest rate used to determine the cost of loans, is set independently by banks, not by the Reserve Bank of India (RBI). This reduction could potentially lower the […]
Indian PSU banks announce marginal lending rate hikes – CNBC TV18
[ad_1] Three major public sector banks in India have announced increases in their marginal cost of funds-based lending rates (MCLR), effective from August 10 and August 12. The adjustments will affect various loan tenures, making borrowing slightly more expensive for consumers and businesses. The moves reflect the banks’ responses to current economic conditions and the […]
Nifty Approaches 25,000: Market Insights and Future Projections
In typical market terms, waiting three to five years tests patience. However, in the recent volatile market, even waiting three days for a milestone can be trying. Currently, the Nifty is just 49 points away from the 25,000 mark. It came within 0.2 points on Monday, 30 points on Tuesday, and 16 points on Wednesday […]