Mutual Fund or Bank deposit ?
At least five domestic mutual funds, SBI, Aditya Birla, , HDFC and , have made commitments in the range of Rs 150-1,000 crore each for Life Insurance Corp of India’s initial public offering. While the insurer estimates up to 70 lakh retail applications that is more than five times
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Housing Development Finance Corporation (HDFC) on Sunday raised its home loan interest rate for existing borrowers by five basis points, following State Bank of India and other lenders. "HDFC increases its retail prime lending rate (RPLR) on housing loans, on which its adjustable rate home loans are benchmarked, by five
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The primary objective of the Insolvency and Bankruptcy Code (IBC) process is resolution of a distressed firm, but the recovery percentage also needs to be kept in mind, SBI Managing Director Swaminathan J said on Sunday. Financial and operational creditors owe money to companies facing insolvency proceedings and so recovery
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Mortgage lender HDFC Ltd on Sunday raised its benchmark lending rate by 5 basis points, a move that will increase EMI for existing borrowers. The rate increase is in line with other lenders, including the State Bank of India and Bank of Baroda. "HDFC increases its Retail Prime Lending Rate (RPLR)
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A committee appointed by regulator IRDAI has suggested over a dozen low-cost "micro insurance" modules with a view to expand protection plans for uncovered population and small businesses. The committee has suggested that the insurers should be allowed to adopt a modular approach using various permutations and combinations for Combi
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State-owned insurance behemoth LIC has said that it will retain part of its stake in IDBI Bank to reap the benefits of the bancassurance channel. Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank, but may not exit completely, LIC Chairman MR
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Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin.He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it's not a productive asset and it doesn't produce anything tangible. Despite
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Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft's proposed acquisition of the video game company will close.Berkshire now owns about 9.5% of Activision shares, Buffett said at the company's annual shareholder meeting."Occasionally I'll see
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