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Finance

Fixed Deposit Interest Rates Offered By Small Finance Banks

Small finance banks often pay higher interest rates on deposits compared to commercial banks. Fixed deposit (FDs), also known as term deposits, are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks pay higher interest rates on fixed deposits compared to commercial banks. Small finance banks focus on financial ... Read More »

Google picks its Chicago office to house finance hub

CHICAGO — Google officials say the company has selected Chicago as its new finance division hub with plans to have the capacity to double its workforce in the city by the end of the year. The Chicago announcement Friday is part of Google’s national expansion plan . The California company said Wednesday that it plans to invest more than $13 billion this ... Read More »

Suryoday Small Finance Bank enters North India—-eyes IPO in Oct-Dec quarter next year

Suryoday Small Finance Bank, which went live in January 2017, plans to go public with an initial public offering (IPO) in October-December quarter next year, a top official said. This small finance bank, which is the first from Maharashtra to obtain SFB licence from RBI, may also look to raise capital to the tune of ₹ 175-Rs 200 crore this year to ... Read More »

Ministry of Finance paid suppliers more than once; 13,500 extra employees on master list

B.C.’s Ministry of Finance makes duplicate payments to suppliers and has 13,500 employees no longer on the payroll on the books because its tracking system is a mess, auditor general Carol Bellringer says. Those duplicates resulted in 138 payments totalling more than $649,000, spending the government said involved a now-corrected 73 per cent error rate. Bellringer’s office examined the master ... Read More »

Budget 2019: Finance Minister raises TDS threshold on bank fixed deposit interest to Rs 40000

Interim Finance Minister Piyush Goyal has given a big relief to lakhs of bank fixed deposit investors. Union Budget 2019 has proposed that the threshold for TDS on interest earned on bank fixed deposit to be raised to Rs 40000 as compared to Rs 10000 earlier. The earlier limit was set almost couple of decades ago and needed to be revised taking ... Read More »

TCS 3rd most-valued IT services brand globally: Brand Finance

India’s Tata Consultancy Services(TCS) has been ranked third most-valued IT services brand globally in 2018-19, after Accenture and IBM, according to a report by Brand Finance. Four Indian IT services companies — TCS, Infosys, HCL and Wipro — clinched spots in the top-10 global tally. Valued at USD 26.3 billion, Accenture took the title of the world’s most-valued IT services brand. The tag was previously held ... Read More »

Personal Loans: All About Personal Loans

Personal loans can be just what you need to earn extra money given the increased cost of living we are all facing. A personal loan has its advantages, given the flexibility it offers to both the lender and the borrower. To get a personal loan, you do not need to have guarantors or to secure it against any asset, and ... Read More »

Pioneering global framework for sustainable ocean finance launched at Our Ocean global summit

The world’s first global framework to finance a sustainable ocean economy was launched at the Our Ocean conference today. The Sustainable Blue Economy Finance Principles were developed by the European Commission, WWF, World Resources Institute (WRI), and the European Investment Bank (EIB). Started as a commitment by a dozen financial institutions and key stakeholders just a year ago, they are ... Read More »

Banks or NBFCs: Where should you take your education loan from?

Graphic: Mint It is said that education is the biggest wealth that one can accumulate, but getting quality higher education is increasingly becoming expensive. However, people are still going ahead and funding their children’s education, often with the help of education loans. One indicator of higher spends on higher education is the average ticket size of education loans (see graph). ... Read More »

What is CBD and how does it work to make billion dollar business?

Now days, CBD market is becoming the upcoming billion dollar industry to make more profits within a short period of time. With the increasing demands for the hemp CBD products, many people are getting involved in the cannabis business now days to uplift their earnings. What is CBD? CBD is nothing but the cannabidiol which is extracted from the natural ... Read More »