Banks give the option of premature withdrawal of fixed deposits (FDs) to customers, and charge a penalty for the deposit being closed before expiry of its maturity period. However, some banks will not charge customers if the amount being withdrawn is invested in another investment option offered by that bank.Continue Reading
PTI | | Posted by Aryan Prakash Shares of IRCTC fell more than 5 per cent in morning trade on the BSE on Thursday as the sale of the government’s up to 5 per cent stake in the company kicked off. The government’s offer-for-sale (OFS) of up to 5 perContinue Reading
Bloomberg | | Posted by Aryan Prakash In a turbulent year marred by global monetary tightening, recession fears, and a war in Ukraine, a mining stock in Indonesia is proving to be the world’s best performer with a whopping 1,595% rally. Shares of PT Adaro Minerals Indonesia have moved sidewaysContinue Reading
Sensex down by 80 points to open at 62,597; Nifty at 18,634 ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and globalContinue Reading
The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But it announced a smaller hike than it had in its past four meetings at a time when inflation is showing signs of easing.Continue Reading
HDFC Bank, the country’s largest private sector bank, has hiked interest rates on fixed deposits (FDs) of less than ₹2 crore. According to HT’s sister website Mint, which cited the bank’s official website, the new rates came into effect from today, December 14. On December 13, the State Bank ofContinue Reading
Vinay Choletti, the head of WhatsApp Pay India, has left the company, just months after taking charge of the Meta-owned platform’s payment business in the country. Choletti, who took over from Manesh Mahatme in September, wrote on LinkedIn that Tuesday was his final day at WhatsApp Pay. Vinay Choletti’s postContinue Reading
Lawyers for the bankrupt crypto exchange FTX will square off in court on Wednesday to fight a demand for internal records from an insolvent affiliate based in the Bahamas as the two wrestle over scraps of the once high-flying business. In Wednesday’s emergency hearing, liquidators of FTX’s Bahamian business willContinue Reading
Elon Musk is no longer the world’s richest person. The Twitter owner has been dethroned as the No.1 on the rich list by Louis Vuitton boss Bernard Arnault. According to the lists by Forbes and Bloomberg, the Tesla CEO is now placed second after holding the numero uno position sinceContinue Reading
Paytm will buy back as much as 8.5 billion rupees ($103 million) of its own shares, following a roughly 75% plunge in the Indian fintech company’s stock price since going public in 2021. The board at Paytm, whose official name is One 97 Communications Ltd., on Tuesday approved a planContinue Reading