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
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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
A gilt fund juggles around with maturities to maximise returns, but, effectively, a lot of the return depends on capital appreciation in the underlying bonds. They have to do this as most of the gilts that funds hold may not have attractive coupon rates. Though gilt funds too have accrual income through coupon payments on the securities, other debt fund categories score better on this count as they invest in higher-yield corporate and bank debt papers. … [Read more...] about Double-digit returns in gilt funds: Should you rush to invest in them?
In the desert state of Rajasthan, locusts have already wiped out more than 5,00,000 hectares of crops. The state has been reeling under a locust attack for three months now and lush green fields of rabi crops were destroyed in Bikaner and Barmer districts. Farmers in Jodhpur, Bundi, Karauli, and Jhalawar have also complained of large infestations, India Today reported. … [Read more...] about Indian farmers battle locust infestation amid COVID-19 crisis
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