The Ministry of Finance decides the interest rates for all small savings schemes every quarter. Small savings schemes are still a popular investment option for many despite increasing financial literacy leading to people investing more in equities and mutual funds. This includes popular schemes such as the Public Provident Fund (PPF) and Senior Citizens Savings…

Aviation giant IndiGo on Monday announced a hike in fuel charges on both domestic and international flights, as rising aviation turbine fuel (ATF) costs push up the airline’s operating expenses. The revised charges will apply to all new bookings made after 0001 hrs on October 6, Tuesday.For domestic flights, the fuel charge will vary based…

India could be headed for its biggest-ever IPO, with Mukesh Ambani‘s Jio Platforms preparing to raise around $3.8 billion from the public market. The Reliance Industries digital services arm is expected to open its issue on October 21, with the shares likely to make their market debut on October 28, according to two people familiar…