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Life Insurance Corporation of India will launch LIC Credit Cards
Life Insurance Corporation of India, India’s largest and oldest life insurance company, is planning to launch its much awaited launch of Credit Cards in the month of October.
The insurance company was earlier in talks with a firm but due to some reason, the deal could not materialize. At present, the company is negotiating with some [...]
New Deposit Schemes and Interest Rates from Development Credit Bank
Development Credit Bank Ltd., one of India’s emerging private sector banks, has announced the deposit scheme- DCB Freedom1-2-3 fixed deposit and has also come up with some other fixed deposit rates.
As per the DCB Freedom1-2-3 fixed deposit, the scheme offers attractive and money saving policy to its customers by giving them aggressive rate of 10.50% [...]
SBI increases Interest Rates with new deposit schemes
As per the scheme, the bank has increased the deposit rates by 1% to 10.5% for the 1000-days maturity deposit for the depositors.
On the other hand, the deposit rates for 2-3 year maturity have been increased from 9.5% to 12.50%. Under the same scheme, the senior citizen will be benefitted by getting additional 0.5% interest.
New Pension Fund Scheme will be launched by PFRDA
The Pension Fund Regulatory and Development Authority (PFRDA) has come up with a pension fund scheme for all those employees who are working in unorganized sectors including retail, textile and mines. This pension fund is expected to be active in the next six months.
For this scheme, the PFRDA has already selected four companies namely Mercer, Ernst & Young, PricewaterhouseCoopers and Crisil, which will help in recruiting the institutional advisor.
$500 million investment will be made by Pepsico in India
Recently PepsiCo has found India to be a very good market for their business in near future. It is planning a USD 500 million investment over the next three years.
Indra Nooyi, Chairperson and CEO, PepsiCo said, “As a tangible sign of our continued confidence in India, I’m delighted to announce that we are expecting to [...]
ICICI Prudential SMART fund appealing retail investors
ICICI Prudential has launched a new product, ICICI Prudential SMART fund. NFO opened on August 18 which will be closed on September 19. Nilesh Shah, Deputy Managing Director of ICICI Prudential, revealed that SMART Fund will be placed among the retail investors also as it is not a kind of capital protected product. Though credit risk is involved in it, there will be no market risks. Debentures are formulated in such manner that when the Nifty index go down, they do not participate, having the principal amount back credited with some minimum assured returns.
Infosys will also be in special economic zones now
Infosys Technologies is now reported to be expanding in the special economic zones (SEZ) of the country to take some tax advantage. This had been reported by a top official of the Company on Wednesday to Indiatimes reporters.
Infosys is planning to have all their expansions in special economic zones (SEZs) as in Software Technology Parks [...]