Tenor Financial News

SBI Capital Markets to arrange a Rs 31,000 crore loan for the planned capital expenditure at its Bina refinery complex located in Madhya Pradesh, according to people familiar with the matter.

Banks have started raising their fixed deposit rates for general customers and senior citizens both as they are trying to balance their own lending rates and deposit rates after the Reserve Bank kept the key interest rate unchanged for the eight straight time on June 7.  

Fixed deposits (FDs) have long been a preferred investment choice for individuals seeking stability, security, and steady returns. Offering a conservative yet reliable avenue for wealth preservation and growth, fixed deposits remain a cornerstone of many investors’ portfolios.

ALSO READ: Mukesh Ambani & Nita Ambani to host Anant-Radhika's 2nd pre-wedding bash? Check the date, venue and guest list hereHowever, the chief attraction of the event was renowned Italian tenor Andrea Bocelli, who performed and made the celebrations worth remembering. The videos of him singing Falling in Love with You on stage and 'dreamy' scenes from Portofino have surfaced on social media.Reportedly, 1,200 guests attended the final La Dolce Vita event in Portofino, and Ambanis reserved the entire seashore for Anant and Radhika's pre-wedding celebrations.ALSO READ: Anant Ambani-Radhika Merchant second pre-wedding celebrations to take place in Italy | 8 pointsInstagram creator Your Poookie Boo shared a clip of Andrea Bocelli's performance and wrote, “Couldn't get any dreamier than this!! Andrea Bocelli performed Falling in Love with You – an iconic song by Elvis Presley – for the couple Anant and Radhika at their La Dolce Vita in the beautiful Portofino village of Italy."A post shared by yourpoookieboo(YPB) (@yourpoookieboo)Showcasing another video of the crowd vibing to the music, Your Poookie Boo wrote, “Exclusive: ANDREA BOCELLI - The world famous Italian tenor performed for the Anant-Radhika' s pre-wedding's final day celebrations La Dolce Vita.

State Bank of India Fixed Deposits: SBI has revised interest rates for its fixed deposits (FDs), including ‘Sarvottam’, for various tenures. With the latest revision, the interest rates now are ranging from 3.5% to 7.9% for tenures of up to 10 years. The new FD interest rates are effective from May 15, 2024, according to the SBI website.

Gaurav, a public-sector senior executive, is in his late thirties and looking to invest in a fixed return product with minimal risk to build a retirement corpus. He has heard of a few credit accidents and is vary of default risk. His investment adviser tells him that several tax-free bond issues are coming up from public-sector undertakings, infrastructure companies and municipal corporations. Such bonds have long tenors, typically maturing after 10, 15 or 20 years, and would make for an ideal inclusion in his retirement portfolio. Every year, interest/coupon will be paid to Gaurav and will be tax-free income, while the principal amount will be returned to him on maturity, but it will not offer any tax benefit. These bonds will also be listed on a stock exchange, which would allow investors to benefit from any appreciation in price and exit the bonds before maturity. Gaurav is wondering whether he should invest in any of these taxfree bonds. In order to take a decision to invest in tax-free bonds, Gaurav must weigh its features against other investments.

When the Reserve Bank of India (RBI) is expected to cut down repo rate towards the end of the year, investors are recommended to lock their investments in fixed deposits (FDs) in order to make the most of the prevailing high interest rates.

dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for «carry» in recent months, punishing low-rate currencies and supporting the dollar while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.

fixed deposit (FD) is a logical thing to do for gradual wealth creation. You invest a small or large sum in a term deposit and then stay stress-free until the date of maturity.

Also Read: SBI FD rate hike: State Bank of India raises fixed deposit interest rates on these tenors. Check latest FD rates here According to a report by The Sun, 45-year-old Omar vanished from his house in 1997. When his family failed to find him, it was assumed that he had died during a civil war between Algeria's government and Islamist rebel groups.

SBI FD rate hike: The State Bank of India (SBI) has raised its fixed deposit interest rates for certain tenures on retail deposits (up to ₹2 crore). According to the bank's website, the new FD rates are effective today, May 15, 2024.

SBI Fixed Deposits: State Bank of India (SBI) has increased interest rates on its fixed deposits by up to 125 basis points (bps) on select tenors, effective May 15, 2024.

Prime Minister Narendra Modi has declared personal assets totalling Rs 3.02 crore in his election affidavit. Notably, the declaration includes Rs 2.86 crore invested in fixed deposits.

repo rate towards the year-end, thus triggering the lower interest rate cycle — it is recommended to lock your deposits at higher rates for the long term. And in case you want to make the most of the prevailing interest rates, you can explore the banks which offer the highest interest rates. Here we give a lowdown on banks offering highest rates of interest on their five-year-fixed deposits.

China's finance ministry plans to start raising 1 trillion yuan in long-awaited, long-term special treasury bonds this week to raise funds it will use to stimulate key sectors of its flagging economy. The finance ministry confirmed what four sources had told Reuters earlier on Monday that the 1 trillion yuan ($138.23 billion) of special government bonds would have tenors of 20 to 50 years and issuance will begin on May 17. The sources who have direct knowledge of the plans said 300 billion yuan worth of 20-year bonds, 600 billion yuan worth of 30-year bonds and 100 billion yuan worth of 50-year bonds would be issued.

Shapoorji Pallonji Group company Goswami Infratech has approached bond investors to tweak a debt covenant to avoid a higher interest outgo. In mid-2023, Goswami Infratech raised Rs14,300 crore zero coupon bonds maturing in April 2026, offering 18.75% as a redemption premium. These bonds also have a so-called most favoured nation (MFN) clause, which says that if any Shapoorji Pallonji (SP) group affiliate borrows at a higher rate after May 26, 2024, Goswami Infratech will have to offer the same return to its bondholders.

Banks revise their interest rates on fixed deposits (FDs) or term deposits on a periodic basis for general customers and senior citizens. We will discuss in this article about the best FD rates being offered by 10 small finance banks in the country.

Interest rates are typically lower compared to those of personal or home loans, says Pramod Kathuria, Founder and CEO, Easiloan.

Congress responded strongly to the Election Commission's sharp disapproval of the tone and tenor of party president Mallikarjun Kharge's recent letter to the INDIA bloc leaders. The AICC said the content and the intent of the letter will be a permanent blot on the reputation of the institution of EC. «The response of the Election Commission of India (ECI) to the issues raised by the Congress President in his letter to the INDIA parties is simply beyond description. The EC is a Constitutional body entrusted with the responsibility of being an impartial body that ensures, and is seen to ensure, a level-playing field to all political parties. Both the content and intent of the letter will be a permanent blot on the reputation of an institution that can boast of luminaries like Sukumar Sen, TN Seshan, JM Lyngdoh and others», said Jairam Ramesh, AICC in-charge of communications.

Also Read: Sovereign Gold Bonds: From advantages to eligibility; all you need to know In recent years, investors have been showing a growing preference for investing in SGBs as a means of allocating funds to gold compared to alternative options for investing in gold. In this article, we will explain how to use different options including demat account to invest in these bonds. Sovereign Gold Bonds (SGBs) are a unique investment avenue that combines the attributes of gold with the convenience of bonds.