Showing posts from March, 2021

Which Small Finance Bank Is Providing 7.5% Interest on Fixed Deposit

Small Finance Bank Fixed Deposits What are Small Finance banks? Small Finance Banks is a specific segment of banking created by RBI under the guidance of Government of India with an objective of furthering financial inclusion by primarily undertaking basic banking activities to un-served and under-served sections including small business units, small and marginal farmers, micro and small industries and unorganized entities. Like other commercial banks, these banks can undertake all basic banking activities including lending and taking deposits. After Covid-19 pandemic all Public sector banks and Private banks have reduced their interest rates on FD's drastically, hence senior citizens and others who depend on earnings from FD's interest are facing lots of problems. They are looking for an alternate option to invest and earn higher interest rates, For them these Small fiance banks may be a good option. Which Small Finance Bank is offering Highest Interest Rate  In below table we

What is the present value of Rs, 1,00,000 invested in MRF in the year 2000?

Madras Rubber Factory (MRF) Image Source - Wikipedia Madras Rubber Factory (MRF) is an Indian Multinational Tyre manufacturing company and the largest manufacturer of tyres in India. Also the sixth largest manufacturer in the world. It is headquartered in Chennai, Tamil Nadu, India. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. MRF also runs the MRF Pace Foundation, Chennai and MRF Challenge in Motorsport. Madras Rubber Factory was started by K. M. Mammen Mappillai as a toy balloon manufacturing unit in 1946 at Tiruvottiyur, Madras (now Chennai). In 1952, the company ventured into the manufacture of tread rubber. Madras Rubber Factory limited was incorporated as a private company in November 1960 and ventured into manufacture of tyres in partnership with Mansfield Tire & Rubber company based in Ohio, United States. The company went public on 1 April 1961 and an office was established in Beirut, Lebanon to develop the e

What is the present worth of Rs. 10,000/- invested in ITC IPO?

India Tobacco Company Limited - ITC Limited ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed as the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. ITC has a diversified presence across industries such as Cigarettes, FMCG, Hotels, Packaging, Paper boards & Specialty Papers and Agribusiness. ITC is the leading company in tobacco & FMCG sector. ITC is professional managed company and no promoter holding. In tobacco sector Gold flake, Navy cut cigarette under ITC brand. ITC cover 80% share of tobacco sector and also number of brand FMCG sector under in ITC. Presently ITC has Rs 3,14,534 Cr Market Capitalization and present market price on 9th march 2021 is 207 rs. ITC has launched IPO in 1970 at that time the value of one share of ITC was Rs 3. If in 1970 anybody invested Rs. 10,000 in ITC then he got around