Post Office Schemes offering more than 8% interest rate in savings scheme

Post Office offers a lot of saving schemes with different interest rates. Two of the many savings schemes, post office offers are Sukanya Samriddhi Account and Senior Citizens Savings Scheme (SCSS). The senior citizen savings scheme is for people above the age of 60 years while the Sukanya Samriddhi scheme is meant for a girl child only. These savings schemes offer more than 8 per cent interest rate currently. The interest rate on these post…

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Reliance Industries shares up 12% on net-debt-zero plan and Saudi Aramco investing news

Reliance Industries shares saw their biggest intraday rise for first time in last 10 years today on Tuesday Aug, 13,2019.All it happened as it set to reach zero net debt within 18 months and vowed to reward its shareholders with more dividends and periodic bonus issues. The group's billionaire chairman, Mukesh  Ambani, also unveiled plans to launch cut-price home internet services across India  in next month, which seems to threaten & disrupt the telecommunications market…

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SpiceJet Ltd reported its highest ever quarterly profit in the June quarter

The company’s stand-alone net profit rose to ₹261.7 crore in June quarter from a loss of ₹38.1 crore in the corresponding period of the previous fiscal year, the airline said. The result beat the estimates compiled by six brokers polled by Bloomberg who expected it to report ₹137.50 crore in profit.Stand-alone revenue rose 39.59% to ₹3,145.26 crore during the quarter, beating the estimates of ₹2,991.70 crore by seven brokers polled by Bloomberg.SpiceJet’s profit in Q1…

Continue ReadingSpiceJet Ltd reported its highest ever quarterly profit in the June quarter