Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
Here’s where the Federal Reserve sees interest rates,…
The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years.The so-called dot-plot projections budged little, with most members still…
SBI exercises call option on retail bonds issued…
SBI has exercised the call option on its 15-year retail bonds that paid retail investors a 9.95 per cent interest rate. The bonds issued in Feb – March 2011 had a call option at the…
EPF interest payout retained at 8.5% for FY2020-21
In a major relief to 60 million subscribers of the Employees’ Provident Fund Organisation (EPFO), the central board of trustees of EPFO have retained the interest payout on provident fund deposits at 8.5% for 2020-21,…
HDFC cuts home loan interest rate by 5…
The Housing Development Finance Corporation, or HDFC, announced on Wednesday that it has cut its Retail Prime Lending Rate (RPLR) on home loans by 5 basis points. In a filing with stock exchanges, HDFC stated,…
Tax on PF interest: Which debt mutual funds…
The Union Budget presented on 1 February 2021 has imposed tax on interest earned on Employee Provident Fund (EPF) contributions beyond Rs 2.5 lakh per financial year. . The government has a logic for imposing…
About 12% EPFO subscribers yet to get interest…
New Delhi: At least 6 million, or 10-12%, of Employee Provident Fund Organisation's (EPFO) subscribers will have to wait longer for their 2019-20 interest payment, as inaccuracies in the data of individual subscribers have held…
Stimulus prospects could boost the stock market and…
New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City.Angela Weiss | AFP | Getty ImagesThe prospects of a big government spending program could continue to boost the stock…
Labour Min decides to notify 8.5pc interest on…
NEW DELHI: The Labour Ministry has decided to notify 8.5 per cent rate of interest on employees' provident fund (EPF) accounts of over six crore subscribers of retirement fund body EPFO for 2019-20 after receiving…