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Small caps edge lower ... large-cap M&A activity tends to be embraced by the overall stock market. The weekly MBA mortgage application index rose 10.9% and the purchase index climbed 12.8% to a four-week ... More...

After nearly three quarters of generosity , banks are now facing pressure to reduce deposit rates. Most face a margin squeeze with the rise in interest expenditure outpacing the increase in interest income at the start of the third quarter of the financial year. Union Bank, a Mumbai-based...

If you have been toying with the idea of parking some money in fixed deposits, now is the time to do it. Come August 1 and all banks – public and private – might effect a cut in interest rates on deposits. According to experts, this is because of the system witnessing rising cash inflows and a...