• HDFC, Bajaj Finance hike FD interest0

    [ad_1] MUMBAI: HDFC has increased interest rates on fixed deposits by 15 to 20 basis points (100bps = 1 percentage point) effective May 12. For retail deposits ranging from 33 months to 99 months, the corporation offers interest between 6.65% and 6.95%. It also offers an additional 0.05% interest rate on individual deposits that are

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  • Airfare caps to stay till business holds steady for a quarter0

    [ad_1] NEW DELHI: Domestic fare caps will continue till air traffic within the country holds steady for a quarter and aviation turbine fuel (ATF/jet fuel) prices fall from their current stratospheric levels. Union aviation minister Jyotiraditya Scindia on Wednesday said these caps – last remaining special pandemic-time measures, apart from face masks and enhanced hygiene

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  • LIC’s IPO, India’s largest at ₹21k crore, subscribed 3 times0

    [ad_1] MUMBAI: The Rs 21,000-crore initial public offering (IPO) for life insurance behemoth LIC received a huge response from domestic institutions and was oversubscribed nearly three times by the time it closed on Monday. LIC’s policyholders, its employees, retail investors, high net worth investors (HNIs) and domestic financial institutions contributed handsomely to the offer. On

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