Students planning to go abroad for higher studies tend to apply for a forex prepaid card with foreign currencies loaded into it. Almost all major banks in India offer forex prepaid cards. One such card, Student Sapphiro Forex Prepaid Card, was launched by ICICI Bank recently. Meant for students who are planning to study abroad, … Read more
The market capitalisation of nine out of the top ten most valued companies in the Indian stock market collectively added ₹2,89,699.42 crore to their market valuation last week, with Reliance Industries emerging as the top gainer. This rise aligns with a broader rally in equities. The BSE benchmark index saw a notable jump of 1,822.83 … Read more
Personal Loan Rates: Over the past few months several private lenders such as ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Axis Bank had increased interest rates on personal loans (PLs) after the Reserve Bank of India (RBI) had deemed them as riskier in November 2023, said a report by the Economic Times. Citing data … Read more
Last week, during the holiday-shortened period, the combined market capitalization of three of the top-10 most valued firms surged by ₹1,06,125.98 crore. HDFC Bank and ICICI Bank emerged as the largest gainers. The BSE benchmark Sensex rose by 217.13 points or 0.28 per cent over the week. Among the top-10 firms, HDFC Bank, ICICI Bank, … Read more
Eight of India’s ten most valued companies collectively gained ₹3.28 lakh crore in market valuation last week, according to a PTI report. Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL) were the top performers. Overall, RIL maintained its position as the most valued company, followed by TCS, HDFC Bank, Bharti Airtel, and … Read more
Nifty Bank experienced an intraday decline of nearly 5,000 points or 10 per cent on Tuesday as investors made mincemeat of the markets following poll trends that indicated the INDIA alliance was fighting hard around half past noon against the exit polls that had handed the Bharatiya Janata Party (BJP) led NDA alliance a resounding … Read more
If you want to double your money in the next 7 to 10 few years, your first choice, arguably, would be to invest into equity. Conservative investors, meanwhile, tend to opt for fixed income instruments such as fixed deposits (FDs) partly for wealth creation and partly for keeping their money safe & secure. Those who … Read more
Certainty in the election outcome and renewed foreign investor inflows into Indian equities have pushed benchmark indices to new peaks for two consecutive sessions. However, the banking index has not mirrored this trend. Does the election impact the banking sector? If yes, would a likely third term for Modi benefit private banks or public sector … Read more
ICICI Bank’s shares hit a new 52-week high of ₹1145.35 apiece on Monday, rising by more than 3%, after its March quarter (Q4FY24) did not bring any negative surprises. India’s second-largest private lender’s results met analysts’ expectations, reporting an increase in its loan book and net profit. ICICI Bank managed to keep a tight lid … Read more
If you are planning to buy a house and looking for a home loan for the same, you would ideally be looking not only for a bank that can give you money as early as possible but also the one that charges a low rate of interest. After all, the marginal difference in the interest … Read more