Business
AMCs Swing into Action to Safeguard Investors In Wake of Yes Bank Crisis
The withdrawal limit of Rs 50,000 can be relaxed in case of medical emergencies, higher education and for expenses related to marriages.
Capped Deposits, RBI Takeover: Here Is All You Need to Know if You Hold an Account in YES Bank
A moratorium’ means that a customer can withdraw a maximum of Rs 50,000 in this period from his/her savings or current or any other deposit accounts.
EPFO Interest Rates are Lowest in 8 Years, Here’s a Look at How They’ve Changed Over the Years
The betas were lowered by 15 basis points (bps) from 8.65 per cent provided during 2018-19. The latest cut has made the interest rates on provident fund deposits the lowest in at least eight years.
SEBI Proposes New Mechanism to Make E-voting Convenient for Shareholders
Under the new proposal, shareholders will be able to access the e-voting links of ESPs without further authentication by ESPs for participating in the e-voting process.
Cathay Pacific Airways Fined 500,000 Pounds in UK for Breach of Customers' Personal Data
Cathay Pacific became aware of suspicious activity in March 2018 when its database was subjected to a brute force attack, where numerous passwords or phrases are submitted with the hope of eventually guessing correctly.
How EPF Interest Rates Compare With Other Savings Schemes?
Despite the recent rate cut, the EPF scheme remains one of the most attractive investment avenues for investors due to comparatively higher returns and tax benefits.
ED Books Former Jet Airways Boss Naresh Goyal for Money Laundering, Conducts Raids
Goyal was earlier grilled by the central probe agency in a case filed under the Foreign Exchange Management Act (FEMA) in September last year.
Nifty, Sensex Slip as Fed Rate Cut Fails to Calm Nerves About Coronavirus Impact
The surprise rate cut on Tuesday was accompanied by Fed Chairman Jerome Powell's acknowledgment of an uncertain outlook and his view that rate cuts will not restore supply chains, sending U.S. stocks sharply lower overnight and gold higher.
Tech Giant Intel Says Bengaluru Employee 'Potentially' Exposed to Coronavirus, Quarantined
Microblogging platform Twitter has asked its employees to work from home while other tech giants like Tata Consultancy Services and HCL Technologies instructed staff to avoid non-essential travel.
Finance Ministers, Central Bank Chiefs of G7 Nations to Hold Talks as Coronavirus Threatens Global Economy
US Treasury Secretary Steven Mnuchin and Powell 'will lead a call with their G7 counterparts tomorrow morning,' Treasury confirmed in a statement.
OECD Lowers India's FY21 GDP Growth to 5.1 Percent on Coronavirus Concerns
The OECD said the adverse impact on confidence, financial markets, travel sector and disruption to supply chains contributes to the downward revisions in all G20 economies in 2020, particularly ones strongly interconnected to China.
SBI Cards IPO in Focus as Sensex Rebounds Over 750 Points; Nifty Tops 11,300
Top gainers in the Sensex pack included ICICI Bank, HCL Tech, Reliance Industries, TCS, ONGC, Titan and Infosys, rising up to 3 per cent.
Coronavirus Threat Looming Over Economy, Official GDP Data to be Out Today
In its annual budget presented earlier this month, the government estimated economic growth in the current fiscal year ending in March would be 5 per cent, the lowest for 11 years.
PayPal Sees Revenue Hit From Coronavirus Outbreak as Online Transactions Decline Globally
PayPal said it was reaffirming its first-quarter adjusted earnings of 76 cents to 78 cents per share.
Coronavirus Outbreak Could Impact Indian Economy Amid Inflationary Pressures: Dun & Bradstreet Report
Dun & Bradstreet said weak demand conditions along with high inflationary pressures and geopolitical issues are likely to keep Index of Industrial Production (IIP) subdued.
Gold Prices Surge Rs 259 to Rs 42,763 per 10 gm
On the Multi Commodity Exchange, gold contracts for April traded higher by Rs 259, or 0.61 per cent, to Rs 42,763 per 10 gram in a business turnover of 2,918 lots.
