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Ujjivan SFB hikes fixed deposit interest rates to as high as 9.00 per cent for senior citizens.
Over the past few years, the rate of growth in sales of passenger vehicles in rural areas have consistently been higher than that in urban India
The other factors that have helped are higher basic customs duty of 70%, and BIS approval for the toys that can be sold in the country
The index has a blend of large, mid and small-cap stocks, spread over an entire gamut of sectors and is representative of a large proportion of the overall market capitalization of Indian companies itself
The speed to scale of D2C brands has accelerated over the years, with many brands hitting the Rs 100 cr ARR mark in four years and a few crossing the Rs 1,000-cr mark and becoming unicorns
Sebi will be categorising material changes into two different categories
Customers are increasingly inclined to leverage their gold assets to facilitate planned expenses, rather than solely relying on them for emergencies or unplanned costs
Investments in these schemes are eligible for a deduction of up to Rs 1.5 lakh under Section 80C of Income-Tax Act
What is of particular concern is that SBI small-cap fund, which is India’s 3rd largest small-cap fund, will need at least 60 days to liquidate 50% of its portfolio.
The test is meant for investors to understand how liquid their mutual fund assets are. The test will also keep the MFs on their toes regarding liquidity and be prepared for any sudden redemptions.