Thursday, Apr 25 2024 | Time 11:10 Hrs(IST)
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Business Economy


RBI announces rate of interest on Floating Rate Bonds, 2020

Mumbai, Jun 20(UNI)Reserve Bank of India said that the rate of interest on the Floating Rate Bonds,2020 (FRB, 2020) applicable for the half year June 21, 2016 to December 20, 2016 shall be 6.94
percent per annum.
It may be recalled that the rate of interest on the FRB, 2020 was set at average rate (rounded off up to two decimal places) of the implicit yields at the cut-off prices of the last three auctions of
Government of India 182 day Treasury Bills held up to period preceding the coupon reset date, which is June 21.
The implicit yields will be computed by reckoning 365 days in a year. The coupon rate has been fixed accordingly.
UNI JS NV AW1244
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Royaloak Furniture launches 14th store in AP; 169th store in country

24 Apr 2024 | 10:05 PM

Bhimavaram (AP), Apr 24 (UNI) Royaloak Furniture, India’s renowned furniture brand, on Wednesday announced the inauguration of a new store here on Wednesday.

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NSE launches derivatives on Nifty Next 50 Index

24 Apr 2024 | 9:16 PM

Mumbai, Apr 24 (UNI) National Stock Exchange of India Ltd (NSE), the world’s largest derivatives exchange for consecutive fifth year in a row in the year 2023 based on contracts traded as published by FIA, launched futures and options contracts on the Nifty Next 50 Index on Wednesday.

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KABIL signs MoU with CSIR-NGRI for geophysical investigations

24 Apr 2024 | 7:47 PM

Bhubaneswar, April 24 (UNI) Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations to bolster its ongoing projects and activities in critical and strategic minerals.

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Dish TV revolutionises entertainment with ‘Dish TV Smart+’ services

24 Apr 2024 | 7:31 PM

Kolkata, Apr 24 (UNI) Dish TV has taken a path-breaking initiative to redefine the entertainment experience in India.

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TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

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