Tag Archives: Interest

Air India disinvestment: IndiGo Airlines expresses interest, writes to govt

Interglobe Aviation Limited or IndiGo on Thursday expressed interest in investing in Air India, a day after the Union Cabinet gave an ‘in-principle’ nod to disinvest its stake in the national carrier. Civil Aviation Secretary Rajiv Nayan Choubey confirmed that executives of IndiGo, one of Air India’s competitors, had formally written to the ministry expressing interest. IndiGo said… Read More »

Fed set to raise interest rates, give more detail on balance sheet winddown

The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery. The central bank is scheduled to release its decision at 2 p.m EDT (1800 GMT)… Read More »

Yellen: Fed interest rate hike may be ‘appropriate’

The new £5 note will not be withdrawn, despite concerns that it contains traces of animal fat, the Bank of England says. The Bank said it had concluded it would be “appropriate” to keep the £5 polymer note in circulation. It will also issue the £10 polymer note as planned in September, it added. Vegans and some religious… Read More »

Big business players taking keen interest in Assam: Sarbananda Sonowal

Assam Chief Minister Sarbananda Sonowal on Saturday said big business players are taking a keen interest in the state as the government is making all out efforts to create an investor-friendly environment. “Employment generation is the top priority of the government but industrialisation will not be encouraged at the cost of environment and all measures would be taken… Read More »

US raises key interest rate by 0.25% on strengthening economy

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade. The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment. But the central bank said it expected the economy to need only “gradual” increases… Read More »

UK interest rates left unchanged at 0.25%

The Bank of England has left its main interest rate at 0.25% but says another cut is still a possibility. The decision of the Monetary Policy Committee (MPC) to leave rates at their new, historically low, level was no surprise. Last month the Bank halved its bank rate from 0.5% as it tried to ensure the stability of… Read More »

No rush to raise interest rates, says Fed official

There is no rush to raise interest rates, a Federal Reserve board member has said a week before the US central bank announces its latest decision. Economic weakness “counsels prudence”, said Lael Brainard, a member of the Fed’s Open Market Committee, which decides interest rates. Her comments come after several Fed officials recently suggested a rate rise this… Read More »

India negotiating exchange rate, interest on Iran oil dues

India and Iran are still in negotiations regarding the currency conversion rate and interest rate for clearing billions of dollars of dues that Indian oil firms owe to Tehran for buying crude oil since 2012, before economic sanctions were lifted on Iran, a top finance ministry official said. “Negotiations on it are still going on. On both the… Read More »

Interest rate on Public Provident Fund cut to 8.1%

The popular five-Year National Savings Certificates will earn an interest rate of 8.1 per cent from April 1 as against 8.5 per cent, at present. In a move that will hit the common man, the government on Friday slashed interest rates payable on small savings including PPF and Kisan Vikas Patra (KVP) in a bid to align them… Read More »