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11 Apr

Bank of Baroda Passes on RBI Rate Cut to Retail and MSME Customers

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Bank of Baroda Passes on RBI Rate Cut to Retail and MSME Customers Chandigarh: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the immediate transmission of the Reserve Bank of India’s (RBI) policy rate cut to its customers. The Bank has reduced its external benchmark-linked lending rates for loans catering to Retail and MSME segments, ensuring that customers benefit quickly from the RBI’s monetary policy move. Additionally, the Bank's Overnight Marginal Cost of Funds-Based Lending Rate (MCLR) stands at 8.15%, and its One-Year MCLR is 9%, positioning Bank of Baroda among the most competitive banks…

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10 Apr

Citing record dividend payouts, Mutual funds to back PSUs: GoI

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#MutualfundsPSUGoI New Delhi: The Centre on Wednesday urged mutual fund managers to increase their exposure to state-owned enterprises, citing their strong dividend performance and role in equitable wealth distribution. "We suggest fund managers include public sector stocks in their portfolios so that common investors, senior citizens and minority shareholders can deploy their savings productively," said Arunish Chawla, secretary, department of investment and public asset management (DIPAM), at a media briefing. "While the market cap of public sector undertakings is only 10% of the overall market capitalization, they have distributed about 25% of total dividends," he added. He said the state-run…

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10 Apr

U-Turn: Trump Offers 90-Day Tariff Relief to Allies, On China it goes Up to 125%

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#TrumpTariffReliefNotoChina Washington DC: In a dramatic shift in U.S. trade policy, President Donald Trump declared a 90-day pause on certain tariffs while simultaneously ramping up tariffs on Chinese imports to an unprecedented 125%, effective immediately. The announcement, made Wednesday via Trump’s Truth Social platform, marks another escalation in the former president’s long-standing trade battle with China. While details remain unclear on how the tariff pause will be administered, Trump stated, “I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.” The ambiguous statement triggered sharp movements in global financial markets,…

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09 Apr

RBI Reduced Repo rate by 25 bps to 6%, Other changes also announced

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#RBIMPCcutRepoRate New Delhi: After a detailed assessment of the evolving macroeconomic and financial conditions and outlook, the MPC voted unanimously to reduce the policy repo rate by 25 basis points to 6.00 per cent with immediate effect; consequently, the standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) shall stand adjusted to 5.75 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points, bringing it down from 6.25% to 6% - a move expected to ease…

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09 Apr

11 new Passive Funds tracking Nifty Indices launched in Japan and Korea in FY 2024-25

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#NiftyIndicesJapanKorea Mumbai: In FY 2024-25, a total of eleven new passive funds (Exchange Traded Funds and Index Funds) tracking Nifty Indices were launched in Japan and Korea. Of these, 9 funds track the Nifty 50 Index, while one tracks the Nifty India Corporate Group Index – Tata Group 25% and another tracks the Nifty Midcap 50 Index. Sl. No. Issuer Name Country Index Name 1 Amundi Asset Management Japan Nifty 50 2 Asset Management One Japan Nifty 50 3 Asset Management One Japan Nifty Midcap 50 4 au Asset Management Corporation Japan Nifty 50 5 Daiwa Asset Management Co. Ltd.…

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08 Apr

Jio Finance Limited forays into Digital Loan Against Securities

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#JioFinanceDigitalLoan Customers can get loans of up to Rs. 1 crore in just 10 minutes through the JioFinance AppMumbai: Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services Limited, has introduced fully digital Loan Against Securities (LAS) for its customers. The LAS offering from JFL is a secured lending product that allows customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates, all within just ten minutes through a completely digital process. Available through the JioFinance app, a one-stop destination for seamless and digital-first financial services, LAS – comprising Loan…

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08 Apr

Nifty near 22,400, Sensex jumps 750 points; all sectors in green, broader markets shine

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#NiftySensexjumps Mumbai: Indian markets opened with a sharp spurt in trade on April 8, leading Nifty 50 and Sensex to gallop over one percent as bulls took over the reins. However, during the first hour of trade, the benchmarks gave up a portion of their gains, as caution weighed. At 10:20 am, the Sensex was up 751.50 points or 1.03 percent at 73,889.52, and the Nifty was up 255.10 points or 1.15 percent at 22,416.40. About 2534 shares advanced, 560 shares declined, and 115 shares unchanged. The broader markets outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 jumping…

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07 Apr

Govt increases Excise duty by Rs 2 each on petrol, diesel, No impact on Consumer

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The excise duty on petrol has now been increased to Rs 13 and to Rs 10 on diesel New Delhi: The government has increased the excise duty on petrol and diesel by Rs 2 each amid a sharp fall in global oil prices. The excise duty on petrol has now been increased to Rs 13 and to Rs 10 on diesel. https://twitter.com/PetroleumMin/status/1909186067334361590 According to the latest notification by the Department of Revenue, Ministry of Finance, the change will come into force on 8th April, 2025. However, there will be no burden on the common man as the Ministry of Petroleum…

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07 Apr

Kotak Nifty Top 10 Equal Weight Index Fund Open For Subscription

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Investors can invest in this new fund offer till 21st April 2025 Mumbai: Kotak Mahindra Asset Management Company today i.e. on 7th April launched Kotak Nifty Top 10 Equal Weight Index Fund. It is an open-ended index fund designed to track the Nifty Top 10 Equal Weight Index. This NFO of Kotak has opened for subscription from today i.e. 7th April 2025. Investors can invest in this new fund offer till 21st April 2025. In this NFO of Kotak, investors can start investing with a minimum of ₹ 100, and after that can make additional investments in any amount. Investment…

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07 Apr

Black Monday! Sensex crashes over 2,500 pts, Nifty hits 10-month low amid global trade war fears

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#SensexcrashesNifty10Monthlow Mumbai: Benchmark indices Sensex and Nifty witnessed a sharp fall of 3 percent each on the morning of April 7 — a drop of this magnitude was last seen on June 7, 2024 — as a wave of risk-off sentiment swept across global markets. Investor anxiety intensified following China’s decision to impose retaliatory tariffs on the US, reigniting fears of a renewed global trade war. Amid the widespread selloff, all Nifty 50 constituents slipped into the red. In early trade, the Sensex nosedived by over 3,900 points, or 5 percent, while the Nifty plunged as much as 5 percent…

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