US-based asset management firm Baron Capital has marked up the valuation of Swiggy and Pine Labs while slashing the valuation of edtech major Byjus by almost half. This comes at a time when several Indian startups have faced valuation markdowns in the past few months.
Fixed Deposit Interest Rate: DCB Bank slashed interest rates on its fixed deposits by up to 50 basis points this month. Among other banks, Axis Bank, Bank of India, Punjab National Bank (PNB) and IndusInd Bank have also cut interest on fixed deposits recently. RBI paused the benchmark repo rate for the third consecutive time in the August Monetary Policy Committee (MPC) meeting. With the dream run of interest rate hikes on FDs almost coming to an end, how should you invest in FDs now?
Paisabazaar s target is to grow twice the rate of the overall credit growth and it grew thrice the industry growth during the June quarter. The company grew four times the industry average during the last fiscal.