Business

TRIFED, AOL ink MoU to promote tribal enterprises

May 8, 2020 9:25 PM

TRIFED, AOL ink MoU to promote tribal enterprises

Tribal Cooperative Marketing Development Federation of India, TRIFED under Ministry of Tribal Affairs and Art Of Living, AOL Foundation have signed a Memorandum of Understanding to collaborate in programmes of each organisation for promoting Tribal Enterprises. The Art of Living Foundation has agree...

Rupee surges by 18 paise to end at 75.54 against USD

May 8, 2020 7:26 PM

Rupee surges by 18 paise to end at 75.54 against USD

The rupee today appreciated 18 paise to settle at 75 rupees and 54 paise against the US dollar.  The domestic unit strengthened tracking gains in Sensex and Nifty and weakness in the American currency.  Forex traders said, positive cues from equities and significant foreign fund inflows supported th...

Sensex ends up by 199 points; Nifty rises 52 points

May 8, 2020 5:45 PM

Sensex ends up by 199 points; Nifty rises 52 points

Following positive global cues, the Indian markets ended with gains of about 0.6 percent today. The benchmark index at the Bombay Stock Exchange gained 199 points or 0.63 percent to end at 31,643.  Besides some stock-specific action, appreciation in rupee and strong foreign fund inflows enthused buy...

SBI hikes home loan rates by up to 30 basis points

May 8, 2020 8:16 AM

SBI hikes home loan rates by up to 30 basis points

The country's largest lender SBI has increased its home loan rates that arelinked to repo rate by up to 30 basis points amid market indications ofincreased credit risk for borrowers and realty firms in the wake of coronaviruspandemic. According to a senior official, the bank has also hiked ...

SBI cuts benchmark lending rate by 15 basis points

May 7, 2020 10:19 PM

SBI cuts benchmark lending rate by 15 basis points

The country's largest lender, State Bank of India today slashed benchmark lending rate by 15 basis points and introduced Special Deposit Scheme for senior citizens with higher interest rate. With that, the marginal cost of funds based lending rate comes down to 7.25 per cent, from 7.40 per ...

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