The country’s largest lender State Bank of India (SBI) has revised interest rates on its recurring deposits (RDs) with effect from 9 May 2019, according to the bank’s website. SBI RD interest rates vary between 6.4%-7% for general public and an additional interest rate hike of 0.50 percentage points for senior citizens. SBI recurring deposits has terms ranging from 12 months to 120 months.

Washington: Officials of the US, Japan, Australia and India met in Bangkok on Friday to hold consultations on their collective efforts for a free, open and inclusive Indo-Pacific and reaffirmed their shared commitment to preserving and promoting the rules-based order in the region, where China is flexing its muscles.

Engineering giant Larsen and Toubro (L&T) is believed to have received the approval from the Securities and Exchange Board of India (SEBI) to go ahead with the open offer to acquire shares in IT firm Mindtree.

The open offer is likely to start after June 10. L&T currently holds a 28.87% stake in the IT firm which it acquired partly from Cafe Coffee Day founder VG Siddhartha as well as from the open market.

A steady core and curtailed incremental stress are the key characteristics of Bank of Baroda’s (BoB’s) Q4FY19 results. That said, higher provisions (due to seasoning and a markdown of a few assets) led to a loss of `9.9 bn.

Key highlights: (i) Slippages were restricted at `37.5 bn (3.3%, >30% from corporate book, largely IL&FS). Though coverage improved to about 67% and NNPLs fell to 3.3%, the exposure to DHFL, ADAG, etc. raises concern.

President Donald Trump said on Friday that the United States would end its preferential trade treatment for India on June 5.

"I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets," Trump said in a statement on Friday.

Financial creditors of Reliance Communications have submitted claims of over Rs 49,193 crore, which showed that China Development Bank, LIC and SBI have the highest exposure in the dues.

According to the list, Interim Resolution Professional (IRP) Pardeep Kumar Sethi has admitted claims of Rs 47,038.79 crore and the remaining amount has been put for verification.

Apple and Samsung, the flagbearers of innovation in the consumer technology space for years, maybe losing the trust of young Indian consumers to a Chinese rival. Oppo Mobile India, the local subsidiary of China’s BBK Electronics, has emerged as the most-preferred innovative handset brand in the premium segment, as per an independent study conducted by the analyst firm CyberMedia Research (CMR).

Microsoft Corp. will begin selling a subscription service for personal computer video games, two years after unveiling a similar offering for the Xbox console.

Xbox Game Pass for PC offers access to more than 100 titles on Windows 10 for a monthly fee, rather than requiring individual purchases. They include games from studios including Bethesda, which makes the “Elder Scrolls” series, and Sega, as well as studios that Microsoft has acquired.

Prime Minister Narendra Modi on Friday surprised markets by naming Nirmala Sitharaman, formerly the country’s defence minister, as the next finance minister at a time when Asia’s third-largest economy is stuttering.

Sitharaman, 59, will become the senior most woman minister in Modi’s cabinet and the second woman to head the finance department after late former prime minister Indira Gandhi.

The benchmark BSE Sensex reclaimed the 40,000 mark, rallying nearly 300 points in early trade Friday led by gains in banking and IT stocks amid positive domestic cues and strong foreign fund inflow.

After hitting a high of 40,119.81, the 30-share index was trading 271.12 points, or 0.68 per cent, higher at 40,103.09.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.