The issue size, however, would depend on Carlyle’s participation in the sale. If it goes through, SBI Cards would be the first pure-play credit card company in India and would be valued between Rs 35,000-40,000 crore, the report added. … [Read more...] about SBI to sell stake in credit card JV, to raise Rs 6,000 crore: Report
High limit business credit cards
Although there are several types of UV light (categorized according to wavelength), it’s the short-wavelength UV light (UV-C) that is known as “germicidal UV” light. According to studies, these short wavelengths of light—measuring between 200 nm and 300 nm—are strongly absorbed by the nucleic acid of microorganisms. And just like how stronger UV rays damage your skin cells that results in sunburns, UV-C light similarly damages and kills microorganisms on a cellular level—destroying the nucleic acids and disrupting the germs’ DNA. … [Read more...] about How UV sanitizers work—and why you should invest in one for your phone, keys, and wallet
However, while MF investors have shied away due to turbulent markets, volume of direct equity investments have increased as investors rush to gain from low stock prices. On the NSE, April volumes crossed Rs 50,000 crore – an all-time high. This may buoy brokerage houses a bit. … [Read more...] about Brokerages under pressure as COVID-19 impact on markets hits distribution income
What will happen to PMC depositors? About 78 percent of the depositors have been allowed to withdraw their deposits within the withdrawal limit of Rs 50,000. But that still leaves out many depositors who have bigger amounts parked in the bank. It even includes two RBI employee co-operative societies, which together have around Rs 190 crore in the bank. … [Read more...] about Little to cheer for banking sector on first anniversary of Modi government’s second term
Dynamic bond funds, which also go for gilts during rate cut cycles, try to preserve gains by moving into accrual during flat to rising rate cycles. As gilt funds do not have this luxury, their returns tend to normalise. Holding over the years and interest rate cycles, therefore, evens out returns. The table below shows different return buckets and the instances of returns since 2012. … [Read more...] about Double-digit returns in gilt funds: Should you rush to invest in them?