HIGHEST RD RATES
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
Indian defence firms need to invest more in innovations and R&D to keep pace with global standards: Report
According to India Infoline Finance Limited (IIFL) report, these firms allocate only 1.2 per cent of their revenue to R&D, markedly lower than the global average of 3.4 per cent. This gap highlights a need for increased investment in innovation to keep pace with global standards.
AI, 3rd-party tech likely to intensify risks of cyberattacks
A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. "In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures," the report stated.
10 Best WiFi Tablets in India 2024
WiFi tablets can be quite useful for tasks like editing, accessing educational or entertainment-based content, gaming, and attending work meetings, and therefore, leading brands have been coming up with the most technologically advanced tablets in this segment. In today’s article, we have curated a list of the best WiFi tablets, along with their features to help you choose the right one.
GST Council Meeting: Sin goods windfall, tax relief talks, and more ahead of budget buzz
GST Council Meeting: The upcoming 53rd meeting of GST Council is poised to discuss several key measures that could pave the way for significant tax reforms ahead of the government's first full budget. Among the agenda items are -- the use of approximately Rs 70,000 crore collected from GST compensation cess on products like pan masala and cigarettes. Discussions may also cover the potential waiver of interest or penalties on tax notices issued between 2017 and 2020, excluding cases of deliberate default.
GST Council likely to deliberate on online gaming tax, Par panel recommendation on fertiliser
The GST Council is set to discuss various issues in its upcoming meeting, including taxation on online gaming and the recommendation to lower tax on fertilisers by the Parliamentary standing committee. The current GST rate on fertilisers is 5%, while raw materials like Sulphuric Acid and Ammonia face a higher rate of 18%. The council will also review the decision to levy 28% GST on the full value of bets for online gaming companies, which came into effect on October 1, 2023.
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IT industry's competitive intensity to be at highest levels in FY25: HCLTech CEO C Vijayakumar
Despite a challenging economic environment, HCLTech has achieved remarkable annual growth and outpaced larger competitors. The third-largest software services firm, with annual revenues of $13.27 billion, reported growth that outpaced Tata Consultancy Services 4.1% and Infosys 1.4%. Smaller players such as Wipro and Tech Mahindra faced significant struggles.
Mumbai luxury property market records 3rd highest price rise globally in Q1
Mumbai saw a significant rise in prime residential prices, recording the third highest year-on-year growth globally. New Delhi also saw an increase, while Bengaluru experienced a slight drop. Mumbai's growth was driven by strong demand for higher value apartments. India's property markets have seen a surge in prices due to robust economic growth.
Yes Bank revises FD interest rates; earn up to 8.5% on this fixed deposit tenure
YES Bank has revised fixed deposit (FD) interest rates for specific tenures on deposits under Rs 2 crore. These revised interest rates are effective from May 30, 2024.
Silver prices hit all-time high of Rs 87,476, jump Rs 6,600 in May so far
Silver prices surged 8% on Thursday to hit a fresh all-time high of Rs 87,476 per kg. ANZ analysts forecast it to exceed $31 by 2024, driven by strong fundamentals, rising gold prices, and unique industrial properties. The market is influenced by speculators, record-high gold prices, geopolitical tensions, and factors like momentum-driven buying and interest rate cuts, amid the metal's high volatility.
Comeback and re-rating supported by numbers? 5 pharma stocks with upside potential of up to 21%
Both at the real business condition and on the valuation cycle on the street. The Indian pharmaceutical sector has undergone significant changes over the past decade. Marking a transition from a period of consolidation and valuation readjustment to one where the focus has shifted towards more sustainable and compliant operational practices. This transformation highlights a shift in the strategic approach adopted by pharmaceutical companies. Historically, the expansion strategies of many pharma companies were driven by optimistic powerpoint presentations forecasting market growth. However, this approach often overlooked the critical aspect of regulatory compliance, leading to various challenges. Over the years the Indian pharmaceutical industry has understood that regulatory compliance might be slightly more time consuming and also expensive but in long run it pays both for the real business growth and improving valuations. Will the industry remember the critical lesson is key.
Up to 7.75% RD interest rates: SBI vs HDFC Bank vs ICICI Bank vs Yes Bank; which bank is offering highest RD rates
Here is a quick comparison of SBI, Yes Bank, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank recurring deposit interest rates.
Up to 9% interest rate: Corporate FDs vs bank fixed deposits; Which offers higher interest rate?
What is a corporate FD: Similar to bank fixed deposits, corporate FDs provide interest earnings and offer flexibility in choosing the investment amount and duration. Fixed Deposits serve as a popular choice for long-term investments, particularly for older investors aiming for a secure retirement. The tenure period plays a crucial role in determining when investors will receive returns before maturity. In corporate fixed deposits, the tenure typically ranges from six months to 5 years, offering a shorter duration compared to bank fixed deposits.
FD interest rates of 8-9% to continue for a longer period as RBI holds repo rate; how to invest in fixed deposits
Fixed deposit investors have been rejoicing a high interest rate regime for last one year when RBI last hiked the repo rate in February last year to 6.5%. However, the interest rate cycle is due for reversal and hence the rates are likely to fall sooner or later. However, with RBI holding the rate in current MPC the rate reduction exercise has been pushed further by a few months. FD investors are not complaining.
Up to 7.75% FD interest rate: Bank of India revises fixed deposit rates
Bank of India has revised fixed deposit interest rates for amounts below Rs 2 crore. After the revision, the bank offers interest rates between 3% and 7.25% for tenures ranging from 7 days to 10 years.
Mumbai records 3rd highest growth prime residential prices in December quarter
Mumbai's 10% price growth in the past 12 months driven primarily by affluent homebuyers looking for a lifestyle upgrade in the backdrop of a strong economic environment which continues to gain momentum.
Earn up to 9.25% FD interest rate; this bank hikes fixed deposit rates by up to 41 bps
The new rates are effective from March 1, 2024. Interest rates in 25 months tenor was revised by 41 basis points (bps), according to the bank press release.
Latest RD rates: HDFC Bank vs ICICI Bank vs Kotak Mahindra Bank; which bank is offering highest RD rates in February 2024
RD rates in February 2024: HDFC Bank, ICICI Bank, and Kotak Mahindra Bank revised their fixed deposit and recurring deposit interest rates. Here is a quick comparison of recurring deposit interest rates.
3rd cricket test: R Ashwin's 500th wicket and an English fightback
At the end of the second day of the Rajkot Test — where the highlight for India was R Ashwin picking up his 500th Test wicket — England controlled the game. India, from 33 for 3, recovered to 237 for 4 and just as they were on the ascendency again, lost quick wickets. This inconsistent, stopstart batting meant the home team ended with 445, having batted out 130.5 overs in very good batting conditions.
Up to 7.75% RD interest rate: SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank, Yes Bank recurring deposit rates.
Here is a recurring deposit interest rates comparison of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank, Yes Bank.
With 6.7% interest rate, are post office recurring deposit offering higher returns than bank RD?
Recurring deposit in banks vs recurring deposit in post office: Those looking to start an RD mostly tend to think about going to a bank. But it may not always be the prudent option. With the interest rate on post office RDs being increased to 6.7% for the October-December quarter, it may be worth your time to check out the features of a recurring deposit at your nearest post office. Before investing in RD, check where you will get the best deal — bank or post office?
Post office schemes interest rate 2023: Which small savings scheme offers highest interest rate
Small savings scheme interest rates are revised every quarter by the government and interest rates vary accordingly. Apart from the interest rate one should also note and calculate the compounding frequency of interest payout as the final amount may vary depending on this.
5-year post office RD vs bank RDs: Which offers best recurring deposit interest rate?
Here’s a comparison between post office recurring deposit interest rates and top bank RD rates such as SBI, ICICI Bank, and HDFC Bank. Let us see who is offering the best interest rate on the recurring deposit on a 5 year tenure.
5-year post office recurring deposit (RD) interest rate hiked: Check latest rate
Small savings schemes' interest rates are revised every quarter in accordance with the movement of comparable-maturity benchmark government bonds.
Earn up to 7.75%: Which bank is offering highest interest rate on recurring deposits (RDs)
Investors must commit to a specific schedule of monthly payments for a set period. The depositor can get a lump at maturity because of the account's flexibility, minimal monthly deposits, and low maintenance requirements.
Kotak Mahindra Bank revises FD interest rates: Offers highest interest rate of 7.25% on this fixed deposit tenure
Kotak Mahindra Bank offers an interest rate between 2.75% to 7.25% to general citizens and 3.25% to 7.75% for senior citizens.
Best RD interest rates: Which bank is offering highest rate, on which tenure?
Depending on the bank, a recurring deposit account can be started for as little as Rs. 100. Most recurring deposit accounts need a predetermined amount that must be deposited on the same day each month. Some plans permit semi-annual or quarterly payments. With the aid of recurring deposits, investors can set away a little percentage of their income each month and invest it in a product that could generate more returns than a typical savings account. The minimum and interest rate differs depending on the bank. Here is a recurring deposit interest rate comparison of SBI, HDFC Bank, ICICI Bank, Yes Bank, IndusInd Bank.
Best RD interest rates: SBI vs IndusInd, Yes Bank, HDFC Bank, ICICI Bank
Similar to fixed deposits, almost all banks provide offer recurring deposits. The interest rates for these accounts vary from bank to bank and depend on whether the customer is a senior citizen or regular citizen.
Highest RD (recurring deposit) interest rates: SBI vs Yes Bank vs PNB vs HDFC Bank vs ICICI Bank vs Post Office RD
The principal amount and interest will be refunded when an RD matures. This amount can be used to cover a range of short-term expenses, such as trips, the annual cost of raising children, wedding expenses, and further education expenses.
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