When you buy a new car, you may wonder if the warranty covers all the things that aren't covered. After all, most warranties don't cover any of the following: brake pads and rotors, batteries, windshield…
Lok Sabha passes legislation to bring cooperative banks…
New Delhi: The Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill, 2020 which seeks to bring cooperative banks under the supervision of the Reserve Bank of India (RBI) to improve their governance and…
Market volatility is set to swell after Election…
September's early volatility may be no match for what comes after the presidential election.Wells Fargo Securities' Michael Schumacher notes volatility is set to jump following the results — not recede."Normally, you might think that it's Election…
Central Bank of India reduces MCLR by 5…
Central Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) by 5 basis points (bps) across all tenors, effective from Tuesday. The city-based lender has cut the one-year MCLR to 7.10…
Holiday travel bookings lag, but trend toward last-minute…
Zoom In IconArrows pointing outwardsThis year, Christmas might not be so merry for the travel industry. While Labor Day travel was down only slightly this year, the upcoming winter holidays could be a different story.…
Why Trump’s payroll tax holiday may be a…
U.S. President Donald Trump speaks during a campaign event at Smith Reynolds Regional Airport in Winston-Salem, N.C., September 8, 2020.Jonathan Ernst | ReutersIt's been nearly two weeks since President Donald Trump's payroll tax deferral took…
The Moneyist: My fiancé wants me to give…
Dear Moneyist, My fiancé has a very successful landscaping company, which is about five years old. I‘ve been in corporate banking for 15 years. My fiancé and I are discussing me quitting my cushy six-figure…
COVID-19 treatment accounted for 11% of health insurance…
Treatment for COVID-19 accounted for as much as 11 per cent of the total health insurance claims paid by insurance companies during the first five months of the current financial year, says a research conducted…
SBI Card restructures dues, offers loan option
(This story originally appeared in on Sep 12, 2020)MUMBAI: SBI Card is restructuring credit card dues for those who availed moratorium by converting it into loans where the interest is up to 70% lower. The…