Banking services may get affected later this month due to proposed strike: Canara Bank

Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike.

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Mutual fund schemes betting on energy stocks offer eye-popping returns. Should you invest?

Energy stocks have been rallying since the beginning of the year. The energy sector funds have also been going up. The sectoral mutual funds investing in energy stocks have offered 16.57% returns since Jan.

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Sebi issues notices to Franklin Templeton

In the show-cause notices to Franklin Templeton AMC and its trustees, the regulator alleged code of conduct violations said people with knowledge of the matter.

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Asset allocation funds prune equity exposure

ICICI Prudential Balanced Advantage Fund, with assets of ₹30,000 crore, has brought down its equity allocation to 37.91 per cent as of February.

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I-T refunds over Rs 1.98 lakh cr issued in 11 months

Of this, personal income tax refunds of Rs 70,572 crore have been issued to over 1.92 crore taxpayers, and corporate tax refunds of Rs 1.27 lakh crore have been issued in 2.19 lakh cases.

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HDFC cuts home loan interest rate by 5 bps

After the latest rate cut, HDFC's RPLR will be 16.05%, with effect from March 4, 2021.

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Sundaram Mutual Fund launches WhatsApp chat service for investors

Sundaram Mutual has launched a WhatsApp service platform to improve the engagement for its existing investors and add new users.

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Track Insurance complaints online, government amends ombudsman rules

In a statement the finance ministry noted that under the amended rules, the timeliness and cost-effectiveness of the redressal mechanism has been substantially strengthened.

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HSBC Mutual Fund launches Global Equity Climate Change FOF

The scheme will be managed by Priyankar Sarkar and will be benchmarked against MSCI AC World TRI.

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Lessons from the Gita for market practitioners: Different paths to the same goal

In the market, we analyse the prospects for a stock through two different routes - fundamental and technical. It struck me that this is not too different from the worship pattern prescribed in the Gita.

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SBI Mutual Fund launched SBI International Access - US Equity FoF

SBI Mutual Fund has announced the launch of SBI International Access - US Equity FoF, an open-ended Fund of Fund scheme that would invest in mutual fund scheme/ETFs that further invests in the US markets.

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Kotak Mahindra Bank cuts home loan rates to 6.65%

The move comes hours after home loan segment leader SBI cut its offering to 6.70 per cent. Home loan rates were already at a 15-year-low, as banks compete in a market with low credit demand. Interest rates are linked to borrowers' credit score and the Loan to Value (LTV) ratio, Kotak Mahindra Bank said.

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HDFC Bank faces intermittent downtime on Payments stack

“Some users have complained about facing difficulties in processing transactions, it’s not a widespread issue, our IT teams are looking into the issue to ensure smooth delivery of our services,” said a bank official. “Meanwhile, we apologise for the inconvenience caused to our customers.”

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