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Cover Clause May Hit Company FDs

absence of insurance coverage for company fixed deposits is likely to impact the plan of companies to raise deposits from the public.The absence of insurance coverage for company fixed deposits is likely to impact the plan of companies to raise deposits from the public. This is because the Companies Act 2013, which became effective from April 1 2014, makes it mandatory for companies to buy insurance...
Source : Business Today |
Category : Business

SC asks Sahara India group to submit Rs 20,000 crore property papers

today directed Sahara India group to deposit papers of property worth Rs 20,000 crore within 3 weeks. A bench comprising Justices K S Radhakrishnan and Bipak Misra also directed that if papers of the property are not deposited with SEBI within 3 weeks, then Sahara India group chairman Subrata Roy and other directors of the two real estate companies of Sahara group shall not be allowed to leave...
Source : Webindia123 |
Category : National

Supreme Court again rejects Sahara Group chief Subrata Roy's bail plea

lifted the freeze on the group's moveable and immovable assets so it could raise Rs 10,000 crore for part repayment to investors.An apex court bench of Justice T.S. Thakur and Justice A.K. Sikri on Wednesday allowed Sahara to encash its fixed deposits, bonds and securities and the money so generated will be deposited in an account opened by market regulator Securities and Exchange Board of India (...
Source : Business Today |
Category : Business | City : New Delhi

Senior income

you have any queries about investing or taxes or a high-cost purchase you are planning, mail to:If you have any queries about investing or taxes or a high-cost purchase you are planning, mail to:My father, a senior citizen, wants to invest in a fixed deposit of Rs 6,00,000 to earn monthly interest. He also earns Rs 840 from LIC annuity. He has no other source of income. Will his income from fixed deposit...
Source : Telegraphindia |
Category : Business

Search for share prices

Bank offers corporate/wholesale, retail, treasury, and other banking services primarily in India. The company provides deposit products, including savings and current accounts, fixed deposits, re-investment plans, facility deposits, recurriand...
Source : Yahoo Finance |
Category : Personal Finance

State Bank of India cuts short-term fixed deposit rates, others may follow suit

Lender looking to take advantage of glut into bank deposits following government move to tax debt Mfs retrospectivelyThe union budget's move to remove tax arbitrage between fixed maturity plans and bank deposits by bringing the former under tax net is leading to a rush of funds into bank deposits.Taking advantage of the situation, State Bank of India, the country's largest government bank, on Tuesday...
Source : DNA |
Category : Headlines

Lack of insurance cover may impact company fixed deposits

absence of insurance coverage for company fixed deposits could impact plans of companies to raise deposits from public.which became effective from April 1, 2014, makes it mandatory for companies to buy insurance cover for fixed deposits, in the absence of which they will have to pay penalty.Harish K Vaid, Senior President (Corporate Affairs) and Company Secretary, Jaiprakash Associates, says, "As of...
Source : Business Today |
Category : Business

4 easy ways to avoid TDS on fixed deposits

Fixed deposits (FD) are one of the most favored investment instruments in India. Fixed deposit can be defined as a financial investment where money is invested for a fixed tenure at a pre-agreed interest rate.There are many varieties of FD schemes available in the market today, and an investor can pick one depending on its need and suitability.: In this type of FD scheme, the tenure is fixed for a...
Source : Ndtv |
Category : Others

India's Supreme Court Tells Sahara Group To Pay $1.7 Billion in Cash And Bank Deposits For Bail Of F

India's Supreme Court Tells Sahara Group To Pay $1.7 Billion in Cash And Bank Deposits For Bail Of Founder Subrata RoyVijay Mallya (R), co-owner of the Force India Formula One team, and Sahara Group Chairman Subrata Roy shake hands at a news conference in New Delhi on Oct. 11, 2011.India's apex court on Wednesday set bail for Subrata Roy, head of the Sahara group, at 100 billion rupees ($1.7 billion)...

ICICI Prudential MF announces dividend under two schemes

ICICI Prudential Mutual Fund has announced dividend under ICICI Prudential Fixed Maturity Plan Series 58 - 2 Year Plan D and ICICI Prudential Fixed Maturity Plan Series 64 - 3Years Plan K....
Source : Moneycontrol |
Category : Mutual Fund
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