Amid falling interest rates on FDs, these 4 investment options offer up to 8.6% interest rate

New Delhi: The Reserve Bank of India has cut the repo rate for the fifth time in a row to give a further boost to consumption and private investment in a bid to revive growth as inflation remained within the central bank’s comfort level. The RBI cut the repo rate by 25 basis points to 5.15%. Following the suit, banks have cut interest rates on loans and fixed deposits (FDs). A fixed deposit is among the most preferred investment option among senior citizens and retirees. State Bank of India (SBI), the…

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Jio Fiber Plans Announced, Know all about JioFiber Welcome Offer and Plans – Bronze, Silver, Gold, Diamond, Platinum, Titanium

Jio Fiber Plan Announced: The much awaited Jio Fiber Plans have been announced for the Reliance Industries Broadband Internet Service. Mukesh Ambani led RIL rolled out Jio GigaFiber Services on 5th September and announced a host of customer-centric broadband plans. JioFiber Home Broadband Services has been launched with a base Bronze Plan which can be awaited at Rs 699 per month for 100 Mbps speed internet connection. On the other hand, the most expensive and premium JioFiber Plan has been named Titanium and offers 1 GBPS lightening internet speed with an…

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Utkal University rural campus to offer courses on education, communication

BHUBANESWAR/KENDRAPADA: Utkal University’s rural campus near Chandikhole in Jajpur district will offer bachelor and master degrees in education, postgraduate diploma in communication for development and three certificate courses from next year. University authorities said this on the sidelines of the inauguration of the rural campus by chief minister Naveen Patnaik on Saturday. Utkal University vice chancellor Soumendra Mohan Patnaik said initially the institution will start with two courses-master degree in public health and MBA in rural management- from this temporary campus. But it will add courses every educational year in…

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65% of Retailers Will Offer Same-Day Delivery by 2019

Small businesses are always looking for ways to have a competitive advantage in the market. Now they are not only competing on price and customer service, but also on speed. According to a recent report by Go People, a Sydney-based on-demand delivery and courier startup, 65% of retailers will provide same-day delivery services by the year 2019. “Globally speaking, same day delivery is no longer just a concept. Instead, it’s the standard practice in many industries nowadays,” writes Nick Hartman, Marketing and Communications Manager for Go People, on the company’s blog. “Fashion retailers,…

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Qualcomm Raises Offer to Buy NXP Semiconductors

US chipmaker Qualcomm raised its offer to buy NXP Semiconductors NV to $127.50 (roughly Rs. 8,265) per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the previous proposal. Qualcomm said it needs to buy a minimum 70 percent of NXP’s outstanding shares in a tender offer, instead of the 80 percent required in the earlier agreement. The latest offer values NXP at $44 billion (roughly Rs. 2.85 lakh crores). NXP’s shares were up 6.5 percent at $126.15 in premarket trading. The stock has…

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ArcelorMittal Submits Offer For Debt-Laden Essar Steel

The steel major said Essar would also have access to deep technical expertise London: ArcelorMittal on Monday said that its subsidiary ArcelorMittal India Pvt Ltd (AMIPL) has submitted an offer for Essar Steel India Limited in line with the corporate insolvency resolution process for Indian steel company. In its offer, AMIPL set out a detailed industrial plan for the debt-laden steel maker to address its operational issues and aimed at improving its performance and profitability. “Essar provides a compelling opportunity for us to enter the high growth Indian steel market. The…

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