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Chumbak ropes in Sara Ali Khan as brand ambassador
Chumbak has roped in Bollywood actress Sara Ali Khan as its brand ambassador. “Entering into this long term association with Chumbak is a very exciting moment for me. The brand is warm, positive, creative, homegrown and real. I relate to the brand not only because I love what they do, but also because of their […]
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Private banks report healthy deposit accretions, sluggish advances growth in Q3
Mumbai: Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter, even as they have struggled to grow their loan books, as per exchange filings by three lenders. Despite interest rates being the lowest in over a decade, the pandemic and the resultant economic impact has ensured that loan […]
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Amazon online shopping: A look at some of the deals on offer
On the occasion of Republic Day, Amazon is offering discounts on top smartphone brands like OnePlus, Samsung and Xiaomi. The e-tailer is also giving discounts on brands like LG, Bosch, HP, Lenovo, JBL, boAt, Amazfit and Canon. Amazon is offering up to 40% off on mobiles and accessories, up to 60% off on electronics, up […]
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I-T department launches portal on info about benami properties, tax evasion
The Income Tax department has launched a dedicated portal where citizens can provide information about benami property holdings and tax evasion can be submitted. The facility allows for filing of complaints by persons who are existing PAN/Aadhaar holders as well as for persons having no PAN /Aadhaar. After an OTP based validation process (mobile and/or […]
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India Post: A look at various saving schemes
India Post offers nine types of saving schemes through its network of more than 1.5 lakh branches across the country. Most of these schemes offer a rebate under Section 80C of the Income Tax Act. Here’s a look at the schemes available: 1. Post Office Savings Account A savings account can be opened with Rs […]
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Government says EPFO, PFs can invest in Bharat Bond ETFs
The government has allowed EPFO and exempted provident fund trusts to invest in Bharat Bond ETFs. Despite an 8.5% interest rate declared by the EPFO for FY20, these ETFs have yields in the 4.5-6.6% range. Thus experts suggested a transfer of risk to subscribers rather than provident funds through unitisation. The government had launched four […]
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Post office savings account: Here’s all you need to know
India Post has various deposit schemes, which are backed by the central government. Among them is the savings account, which offers 4% interest per annum. The minimum balance required to be maintained in a savings account is Rs 500. If the account fails to maintain that amount, a maintenance fee of Rs 100 is charged […]
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HCL Tech Q3 results: Net profit up 31% to Rs 3,982 crore
New Delhi: IT firm HCL Technologies on January 15 posted 31.1% rise in net profit at Rs 3,982 crore for the December 2020 quarter. The IT major had registered a net profit of Rs 3,037 crore in the October-December 2019 quarter (as per US GAAP). Its revenue grew 6.4 per cent to Rs 19,302 crore […]
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COVID-19: IRDAI tells insurers to have agreement with health providers on treatment rates
New Delhi: Regulator IRDAI has advised general and health insurers to have agreements with health providers on rates for treatment of COVID-19 on the lines of other diseases. In a circular, the regulator said in case of ‘cashless claims’ under a health insurance policy, the claims should be settled as per the tariff decided by […]
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Top sectors to watch out in 2021
Indian equity market will continue to stay strong in 2021 with the likely recovery in the economy and earnings. The benchmark equity indices BSE Sensex and NSE Nifty had advanced nearly 16% last year after central banks expanded their balance sheet and interest rates declined sharply leading to a wave of liquidity globally. Overall, the […]
