The Fed lowered interest rates for a second time this year in a 7-3 vote on Wednesday but signalled further cuts are unlikely as the labour market remains strong. read more

Finance Minister Nirmala Sitharaman said the lowering of interest rates will encourage more government servants to buy new houses as they were “a major contributor” to the overall demand. read more

European Central Bank policymakers are leaning toward a package that includes a rate cut, a pledge to keep rates low for longer and compensation for banks over the side-effects of negative rates, five sources familiar with the discussion said last w... read more

Citi’s bullish scenario for gold is based on drivers including the prospect of the Federal Reserve cutting interest rates to zero, rising risks of a global recession and heightened geopolitical tensions. read more

The State Bank of India in a release said that it will reduce interest rates by 10 basis points from tomorrow. read more

For investors seeking a steady growth of savings during these volatile times, Bajaj Finance Fixed Deposit fits the bill perfectly. read more

To provide ease of investment, Bajaj Finance allows you to invest online and start an FD from the comfort of your home or workplace. read more

Banks in India have so far been using internal benchmarks, which have meant that the benefit of policy rate cuts don’t reach the borrowers completely. read more

Finance minister Nirmala Sitharaman had announced in July that the government will provide a one-time six-month partial credit guarantee to public sector banks for the first loss of up to 10% for purchasing high-rated assets from non-bank lenders. read more

The currency opened at 71.95 to a dollar and touched a low of 72 -- a level last seen on 14 December 2018. At 9:11 am, the domestic currency was trading at 71.97, down 0.19% from its previous close of 71.82. read more

The matter was resolved after labour minister Santosh Kumar Gangwar recently met finance minister Nirmala Sitharaman and explained that the organisation is left with a sufficient surplus even after paying 8.65% interest rate to its 46 million subscribers,... read more

Working capital is an indicator of the financial position of an organization and can be availed through multiple short and long term sources. read more

EPFO has reiterated its commitment to pay an interest rate of 8.65% for 2018-19 despite the reservations of the finance ministry. read more

The NCD issue will open on 21st August and close on 19th September. The rate offered by Shriram City Union Finance is relatively attractive. read more

The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting this month with a slightly bigger than expected cut, underscoring its worries about the near-five year low economic growth pace. read more