SEBI orders Sahara Group to refund Rs 14,000 crore to investorsIn a major setback to Subrata Roy, SEBI has found that another Sahara group firm has raised over Rs 14,000 crore in violation of legal norms and has issued a fresh order on Wednesday to the company and its directors to refund the money to investors with 15 percent annual interest. The order relates to collecting funds between 1998 and 2009 from nearly 2 crore investors through through optionally fully convertible debentures (OFCD)...

The interest rate would apply on Provident Funds of central government employees, railways and defence forces.

Big names like Kotak Bank, ICICI Bank and others extended a credit line to IL&FS through non convertible debentures at attractive interest rates.

Default on payments has put NBFCs under scrutiny and exposed the fault lines in the commercial papers they have issued

All resident Indians can open a PPF account, even a second one in the name of minors, but the collective investment limit is capped at Rs 1.5 lakh.

To begin with there's the quick response (QR) code option - a kind of barcode label containing machine-readable information that can be captured through a simple smartphone camera on to a device.

The total tally of new subscribers with Employees' State Insurance Corporation (ESIC) increased to 1.34 crore since September 2017.

Infosys bags $80.3 million contract from Canadian firmInfosys Public Services has announced that it has been awarded a computer-aided design contract worth $80.3 million by Public Services and Procurement Canada (PSPC) to modernise and automate their procurement processes, as reported by the Hindu. IPS is working with Ernst & Young and SAP Canada to digitise PSPC procurement system.Facebook ropes in former Hotstar executive Ajit Mohan as India MD & VPSocial media giant Fac...

Interest rate on small saving scheme has been linked to market and government takes a call on these interest rates every quarter.

The EPFO also revised upward the number of new enrolments from September 2017 to June 2018 to 52.30 lakh from 47.13 lakh estimated earlier last month.

Interest rates on government securities have been rising for quite some time but the government did not hike the interest rates in last quarter which started from June.

The government on Thursday hiked interest rates on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF), by up to 0.4 per cent for the October-December quarter.

The employees of the central bank are demanding an option for contributory provident fund retainers to switch over to pension scheme, and grant of additional provident fund to those recruited in the bank from 2012.