The Federal Reserve cut the federal funds rate three times in 2024 for a total reduction of one percentage point. As a result, deposit interest rates — including money market account rates — have been falling. Top high-yield MMAs offer up to 5% APY, exceeding the 0.66% national average, with online banks and credit unions providing competitive offers.
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The SME IPO of Madhya Pradesh-based B R Goyal Infrastructure will open for bidding on Tuesday, January 7. The company aims to raise Rs 85.21 crore through the fresh issue of 63.12 lakh shares and its stock will get listed on the BSE SME platform on January 14. It has fixed the IPO price band at Rs 128 to Rs 135 per share. Investors can bid for a minimum of 1000 shares and in multiples thereof.
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REC Ltd on Friday said its overall loan disbursements increased by nearly 18 per cent to Rs 54,692 crore in the December 2024 quarter. The quantum of renewable energy loan disbursements grew 58.09% YoY to Rs 6,314 crore for the quarter ended December 31, 2024, a company statement said. During the quarter, REC Ltd has disbursed loans worth Rs 54,692 crore, up 17.98% YoY, according to the statement.
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