Interest

REITs and InvITs are at a stage similar to where the mutual fund industry was five to seven years ago, said Rajeev Vijay of Knight Frank India, adding that investor education and awareness can be critical for growth.

Smaller companies to be biggest beneficiaries of GST penalty, interest waiver

In the 53rd GST council meet held on Saturday, the government decided to exempt both penalty and interest provided they pay the principal tax demand by March 31, 2025

Delayed possession: Can homebuyers claim interest if date of possession not mentioned in agreement?

Homebuyers are eligible for refund with interest under section 18 of the Real Estate Regulatory Act (RERA) 2016, in case of delayed possession.

IMF warns Europe against prematurely declaring victory over inflation

The Washington-based IMF said that cost of underestimating inflation's persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.

Russia hikes interest rate for 4th time this year as inflation persists

The bank raised the rate to 15%, up 200 basis points. The interest rate in the first half of the year was 7.5%

Scheme for student loans at 1 pc interest will ensure higher education for all: HP CM Sukhu

In his Budget speech in March, Sukhu announced that education loans would be provided at the rate of one per cent to students of the state.

RVNL share sale elicits good investor interest: DIPAM Secy

The government’s holding in RVNL will come down from 78.20 per cent to 72.84 per cent after the completion of share allotment to bidders.

Tata Communications falls 1% on weak Q1 numbers

EBITDA (earnings before interest, tax, depreciation, and amortization) for the June quarter declined by 5 percent to Rs 1,024 crore.

MP cabinet approves proposal of Rs 2123 crore to pay loan interest of defaulter farmers

The state cabinet gave its nod during a meeting on Tuesday, an official said, adding that farmers whose loan amounts and interest collectively are under Rs two lakh will be included in this scheme.

India’s middle-class and the EMI conundrum: 4-step guide to reducing the home loan burden

Here are some ways in which housing loan borrowers can reduce their EMI burden ― increase the down payment, prepay the home loan, and switch your lender, among others.

Global stocks fall, U.S. yields rise on higher interest rate outlook

Market sentiment has remained bearish after Fed officials signaled last week that the U.S. central bank was likely to keep raising interest rates for longer than was previously forecast in its bid to tame inflation.

AU Small Finance Bank hikes interest rates on fixed deposits, savings accounts

The bank has hiked its peak FD rate for retail deposits by 25 basis points, from existing 7.5 percent to 7.75 percent for regular customers and 8 percent to 8.25 percent for senior citizens

Deadline to submit bids for IDBI Bank privatisation to be extended till early January

The government and LIC together are looking to sell a 60.72 per cent stake in IDBI Bank, and the last date for submitting an Expression of Interest (EoI) or preliminary bids is December 16. Transaction advisors have received a few requests for an extension of the deadline.

Outstanding dues | Developers meet Noida and Greater Noida CEO, seek waiver of penal interest

CREDAI requested the authorities to take homebuyers’ interests into account and conduct a joint meeting of builders.

RBI likely to moderate interest hike: Experts

The Reserve Bank of India (RBI) will come out with its next bi-monthly policy review on December 7 at the end of the three-day meeting of the Monetary Policy Committee (MPC) beginning Monday.

Central banks raise rates again as Fed drives global inflation fight

Japan, the outlier among major developed economies, kept interest rates steady on Thursday only to be punished as traders pushed the yen to a record low against the dollar - prompting the first intervention by Japanese authorities to support the currency since 1998.

Vodafone Idea debt a challenge; fundraise critical for competitiveness, say analysts

New Delhi, May 13 Even as debt-ridden telecom operator Vodafone Idea's financial performance in the March 2022 quarter has been in line with the in..

No additional Rs 1.5-lakh housing loan tax break for affordable homes from April 1

The limited period tax concession announced in Budget 2019 ended on March 31, 2022.

Bharti Airtel not to avail option of converting interest on dues to equity

Airtel said it has informed the Telecom Department about its decision.

Evergrande makes overdue interest payments

All eyes had been on the heavily indebted company as it faced a Wednesday deadline for $148 million in coupon payments -- after missing the initial due dates last month.

Interest on tax refund not received? This may be the reason

If ITR has been furnished by the assessee on or before the due date, the interest shall be payable from April 1 of the Assessment Year to the date on which the refund is granted.

Punjab & Sind, Central and Canara banks offer the cheapest car loans

The cheapest car loan rates start at 7.10 percent. State Bank of India offers car loans starting at 7.85 percent.

Savings account interest rate | Five public sector banks that offer best savings rates

Check out the public sector banks that offer the best savings account interest rate

Public sector banks that offer best interest rates on savings accounts

These interest rates are competitive when compared with what leading private banks offer

Here are savings bank accounts that offer up to 7% interest

This is done to attract new customers to the banks