Business Short News

Federal bank, one of India's leading private sector bank has hiked the interest rate on Fixed Deposits on less than Rs 2 crore single deposit across all the tenure. Since the Reserve Bank of India (RBI) hiked a 40-basis-point rise in the repo rate, Indian banks have been hiking interest rates. The new hiked interest rates by the bank effective from 16 May 2022

Indian indices have gathered steam in today's session, with headline indices making solid moves to the tune of 2.5%. Broader markets still outperformed, so here are 2 'Buy' calls for short term of 3 months based on technical analysis as suggested by HDFC Securities. On the mid-cap cables entity, HDFC Securities has given a 'Buy' for a target price of Rs. 3040, MSME

India's steel exports are expected to remain strong in the coming months as higher prices and regional demand would drive the steel companies to divert part of their output to exports, according to Moody's Investors Service. In its report 'Steel - Asia Pacific: Higher raw material costs reduce benefit steel price gains amid Ukraine conflict', Moody's Investors, MSME

Investors look for best interest rates on their fixed deposits as it makes their investments profitable. Fixed Deposits have emerged as one of the most popular investment options in India as markets are choppy in the current times. Gold prices also witness changes and, in such time, FDs have emerged as one investment that offers guaranteed returns.