Post Office Fixed Deposit (FD) and Post Office Recurring Deposit (RD) are popular investment options for those who are looking for risk-free returns. These schemes are not linked to the market, so the returns are guaranteed. In FD, one can invest a lump sum amount at once, while in RD, investors can invest money every month.
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Jewellery retailer Kabra Jewels' initial public offering recorded more than 34 times subscription on January 16, the second day of bidding. The issue will close on January 17. The Ahmedabad-based firm approached capital markets to raise Rs 40 crore through maiden public issue of 31.25 lakh shares at the upper price band.
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IT services giant Infosys' headcount increased by 5,591 in the third quarter ended December 31. This is the second consecutive quarter of net employee addition, reversing the previous trend of six quarters of headcount decline. This comes at a time when the company has started opening up hiring across levels, including freshers.
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