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From state-run State Bank of India (SBI) to private sector peers HDFC Bank and ICICI Bank, major commercial banks today pay interest at the rates of 6.25-7.25 per cent to the general public, and 6.7-7.75 per cent to senior citizens, on tax-saving fixed deposits, according to their websites.
SBI chairman Rajnish Kumar said that talks with Abu Dhabi-based carrier Etihad, Jet's largest shareholder, to secure a rescue deal are ongoing.
Gains in HDFC Bank, Infosys, HDFC, Larsen & Toubro and Sun Pharma were offset by losses in Hindustan Petroleum, Bharat Petroleum, Indian Oil, Zee Entertainment, ONGC and Tata Steel.
Jet Airways' pilots have threatened to stop flying from April 1 if the cash-strapped airline does not have a rescue plan in place by March 31, a trade union said on Tuesday. The airline's pilots union has also said that it seeks a proper roadmap from the airline by March 31 on paying their overdue salaries. "We have decided that either the manageme...
Domestic equity benchmarks (Sensex and Nifty) surged along with the Indian rupee (INR) on the back of strong foreign fund inflows. The Nifty 50 index reclaimed its crucial psychological level of 11,500 as both the indexes continue to trade at over six month highs. The foreign institutional investors have been buying shares since the start of this m...
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