Guidelines Financial News

With regards to home loan interest rates that will be offered after the merger, as per FAQs released, «The applicable rate of interest to your account shall now be linked to EBLR (External Benchmark Lending Rate) instead of Retail Prime Lending Rate (RPLR). This is in compliance with the regulatory guidelines on floating rate of interest. On the day of the merger there will be no change in ROI and any changes in future will be based on EBLR.» Also read: HDFC-HDFC Bank merger:Important FAQs answered for existing home loan borrowers of HDFC

Also Read: Retirement mutual funds: Why should you opt for these schemes? 3 key reasons explained The investment objective of the scheme is to provide capital appreciation and income to investors in line with their retirement goals by investing in a mix of securities comprising equity, equity-related instruments, REITs and InvITs, and fixed-income securities. However, there is no assurance that the investment objective of the scheme will be achieved.

higher studies this year are choosing colleges based on the perceived safety of the location amid a recent surge in attacks on Indian students in the US, admission consultants said. Besides institutes and courses, parents who plan to send their ward to the US are asking questions such as which states are safe and which areas have high crime rates even as admission results for the 2024 batch have started coming in from US universities, they told ET. Some parents with daughters are even having second thoughts about the US, said Adarsh Khandelwal, CEO and founder of Collegify. There is widespread concern particularly among parents of students going for undergraduate studies as many of them would be staying away from home for the first time, consultants said. Caution is in the air amid reports of violent incidents involving Indian students, including some fatal ones, in places like Chicago, Boston, and Indiana, among others.

Mint, said that when starting a probe or seeking information which are based on records or are reflected in the statutory books of account or filings, then letters should be written to the designated officers of the business instead of issuing summons. This procedure applies in the case of a listed company, or state-owned enterprise, government department or agency or any other authority, the guidelines said. Such letters have to specify the reasons for investigation and the legal provisions.

A judge deciding how long former crypto mogul Sam Bankman-Fried will spend in prison has rejected arguments by his lawyer that leniency is warranted because customers will get back money they lost after the 2022 collapse of FTX

If you've watched the 'Scam 1992' series, you might remember the scene on short selling, where Harshad Mehta's character describes the process of selling shares in the stock market without actually owning them.

MUMBAI : Gopika Gopakumar [email protected] mumbai The Reserve Bank of India (RBI) on Wednesday tweaked rules governing investments in alternative investment funds (AIFs), offering some relief for lenders forced to make large provisions, and investors suddenly facing a drought of capital. In December, RBI ordered banks and non-bank lenders to sell their investments in AIFs, which had further invested in companies to which the lenders had given loans in the previous 12 months; otherwise, they had to make 100% provisions against them.

Britain's financial services regulator announced guidelines for financial services companies and social media influencers making memes about cryptocurrencies and other investments in a bid to tackle a rise in scams.

Cipla, SBI, and Vedanta are among 25 stocks that will be eligible for the T+0 settlement cycle from March 28. Stock exchange BSE has released a list of these 25 stocks that will be eligible for the shortened settlement cycle from tomorrow.

Goodbye Pixel 6a! Google reportedly discontinues its popular mid-ranger ahead of I/O 2024 According to data shared by YouTube, 96% of these videos were flagged via ‘automated flagging’ indicating that they were detected by a machine rather than a human reviewer. Around 3 lakh videos were flagged by a user, while around 52 thousand videos were flagged by organizations and only 4 videos were flagged by government agencies.

Japan’s Cabinet has approved a plan to sell future next-generation fighter jets that it’s developing with Britain and Italy to other countries

Japan’s Cabinet OK’d a plan to sell future next-generation fighter jets to other countries on Tuesday, its latest step away from the pacifist principles the country adopted at the end of World War II

GAIL (India) Ltd, is preparing to commission the country's first green hydrogen project in the coming weeks. As reported by Reuters and confirmed by multiple sources within the company, this pioneering initiative is slated to commence operations at GAIL's Vijaipur complex in Madhya Pradesh by April.

Solid credit score and history: Demonstrating a high credit score (typically exceeding 750) and maintaining a clean credit history devoid of any defaults strongly indicate your capability to repay the loan. - Consistent employment and income: Holding a steady job with a reliable income showcases your ability to meet regular loan obligations. - Established customer relationship: Numerous lenders extend pre-approved loans to their existing customers, especially those with a favourable credit history.

the Global Combat Air Program or GCAP, is based in the U.K. Japan hopes the new plane will offer advanced capabilities Japan needs amid growing tensions in the region, giving it a technological edge against regional rivals China and Russia. Because of its wartime past as aggressor and the devastation that followed its defeat in World War II, Japan adopted a constitution that limits its military to self-defense.

ICMR) has invited expressions of interest from researchers to conduct systematic reviews and meta-analyses for generating evidence pertaining to lung cancer prevention, screening, diagnosis, management and palliation. Systematic reviews and meta-analyses play a crucial role in synthesizing existing evidence to inform decision-making in the management of lung cancer to guide clinical practice and improve patient outcomes. «Lung cancer is one of the commonest cancers in India and its incidence is rising every year. It accounts for 10 per cent of the total cancer deaths in the country. Currently, evidence-based guidelines do not exist with respect to its prevention, screening, diagnosis, management and palliation in India,» the ICMR said. Systematic review teams will be commissioned to conduct rigorous evaluations of the available literature on specific 30 review questions identified by the Guideline Development Group of lung cancer guidelines.

IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) will undergo a special audit to further probe their regulatory breaches, as the RBI has initiated the process for the appointment of auditors. The Reserve Bank of India (RBI) has floated two separate tenders for the appointment of auditors for special audit of these two companies. Audit firms empanelled by the Securities and Exchange Board of India for forensic audit can participate in the tendering process, and the last date for submission of bids is April 8, as per the tender document published by the RBI. The selected firms will be awarded work on April 12, as per the bid documents. Earlier this month, the RBI put a curb on these two entities for non-compliance of regulatory guidelines.

(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) from government personal computers and servers, the Financial Times reported on Sunday.

Skywatchers around the world are gearing up for the first lunar eclipse of 2024, set to grace the skies on March 25th. This penumbral lunar eclipse offers a unique viewing experience, coinciding with the festival of Holi in India. Here's all you need to know about this celestial event and how to make the most of it. What is a Penumbral Lunar Eclipse? Unlike a total lunar eclipse, where the Moon is fully shadowed by the Earth, a penumbral eclipse occurs when the Moon passes through the Earth's faint outer shadow. This results in a subtle dimming of the Moon's surface, which may be challenging to observe without keen attention.

Public sector banks (PSBs) are likely to pay a dividend in excess of Rs 15,000 crore for the financial year ending March 2024 on the back of improved profitability, according to sources. In the first three quarters of the current financial year, all 12 PSBs earned a total profit of Rs 98,000 crore, only Rs 7,000 crore less than the entire FY23. PSBs earned the highest-ever aggregate net profit of Rs 1.05 lakh crore during FY23 compared to Rs 66,539.98 crore earned in 2021-22. As a result, the government earned a dividend of Rs 13,804 crore, 58 per cent higher than the Rs 8,718 crore paid out in the previous financial year.

IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) as it has initiated the process for appointment of auditors. The central bank has floated two separate tenders for appointment of auditors for special audits of the two non-banking finance companies (NBFCs).