Allahabad Bank revises interest rates in FCNR and NRE Deposits (New Kerala)
Kolkata, Mar 02: Public sector Allahabad Bank has effected a downward revision of its interest rates on Foreign currency Non-Resident(FCNR) deposits with effect from March 01, 2010.
Federal Bank revises interest rates on NRE Term deposits (New Kerala)
Kochi, Mar 2 : Federal Bank has revised interest rates for NRE term deposits and FCNR deposits.
NAB scared to reopen cases of convict FIA officer (Pakistan News Tribune)
ISLAMABAD: While the Supreme Court has taken note of how the convicted FIA officer Ahmed Riaz Sheikh got a top job, the NAB is treating him with velvet gloves and has not yet reopened his case although he enjoys no immunity like his friend President Asif Zardari.
Rehman Malik?s troubles multiply (Pakistan News Tribune)
ISLAMABAD: Interior Minister Rehman Malik is now at the mercy of the Supreme Court as he has confessed to committing contempt of court and offered his regrets, but if the Supreme Court convicts him even for a day he will lose his ministry as well as the Senate membership.
Sensex flat; BSE metal index down 1% (Business Standard India)
The markets have partially given up their gains owing to select selling in metal and banking stock. The Sensex is now nearing the dotted line and is now at 17,079, up 27 points. The NSE Nifty is at 5,104, up three points.
NRO thanks the Summit Arts Council (Summit Daily News)
The National Repertory Orchestra (NRO) would like to thank everyone who attended, supported and participated in the "Our World of Arts" event at the Arts Alive Gallery in Breckenridge on Feb. 20. This happening allowed attendees to mingle with Summit County Arts Council artists and learn about their art, passion, and inspiration while enjoying an extraordinary international culinary experience ...
Dull day: Sensex declines 50pts (Business Standard India)
The Sensex opened flat at 17,089, owing to subdued global cues. The Asian markets had a flat session of trade. The Hang Seng added 10 points to 21,207, while Nikkei was down 18 points at 10,567.
Dull day: Sensex declines 50 points (rediff.com)
The NSE Nifty shut shop at 5,101, down 23 points.
Sensex slips by 50.06 points (New Kerala)
Mumbai, Mar 9 : Erasing the gains of the last two days, the Sensex of the Bombay Stock Exchange (BSE) slipped today by 50.06 points to settle at 17,052.54 on profit booking at higher levels by local operators in a volatile session.
BEST Makes Rework of Leadless Devices Faster and Simpler with New Patent-Pending Device (PRWeb via Yahoo! News)
The proliferation of leadless devices in a variety of applications primarily in the hand held devices where space is at a premium has made the rework of LGAs, QFNs and other leadless devices more important.
ICICI Pru Ulip to invest more from your premium
Its new policy, called ICICI Pru Ace, does not have a premium allocation charge, which gets deducted from the premium in case of other Ulips
Ask Mint | Heavy drinkers pay more premium
Insurance cover is applicable even if a person meets with an accident overseas
Make the most of the women-only benefits
As women stride ahead on the road to empowerment, the government and financial institutions offer special benefits to them. Here?s what they are
Ask Mint | Loan term can go up till retirement
The best thing is to continue the loan because repayment of housing loan provides huge tax benefits
Ask Mint | On Investments
You may send in your stocks and mutual funds related queries to askmint@livemint.com
Begin with yourself, get kids moneywise
Iyer invested, but it was erratic; the plan helped him make systematic savings and take his goals seriously
NRIs get IDBI trading account
The bank would offer the product to NRIs and persons of Indian origin through both online and offline modes. This service would be offered free of cost
Ask Mint | Stamp duty applies on gifted property
No deduction is available for repayment of the principal portion of an education loan
Four reasons to cheer, four to worry about
With bigger tax slabs and extra deduction, you have more money. But how much would you save, given hike in car, consumer durables and fuel prices?
Ask Mint | Car insurance valid even if you shift city
Rahul Agarwal of Optima Insurance Brokers answer readers queries on insurance options
Budget signals higher returns on Ulips
Ulips are hybrid products in which premiums are predominantly invested in equities and bonds, while a portion of the fund is kept aside for insurance
?Few understand term insurance?
Ulips are more popular but some people want safety of returns. Traditional products cater to this mindset because the policyholder knows how much he can expect back
Understanding an ultra short-term bond fund
One-minute guide to understanding an ultra short-term bond fund
Look at MIPs as FDs with a kicker and risk
Look at MIPs as long-term investment options that can fetch you higher returns than your bank fixed deposit owing to the equity kicker they build in
News notes
UTI Ulip?s bonus not exciting enough; firms queuing up to enter MF industry
FM gives a push to NPS
The government will contribute Rs1,000 for investments between Rs1,000 and Rs12,000 in NPS in a bid to encourage the unorganized sector
Towards a better tax structure
The Budget?s most significant contribution to tax reform is its reiteration of tenets laid down in the proposed direct tax code and the uniform goods and services tax
Home buyers get a goodie
Home buyers to get a 1 percentage point reduction in interest rates for the first year of the loan
How much tax do you really pay?
Besides paying income tax, you also need to pay tax on the goods and services you buy every year. We take three income groups to show how much this works out for you on an average
After HDFC Bank, ICICI Bank hikes deposit rates
The hike in deposit rates comes after the Reserve Bank of India on 29 January announced a 75 basis points hike in the cash reserve ratio, or the proportion of deposits that bank set aside, to 5.75%, to be implemented in two stages