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IndiaTV Business: Google News Feed: Digest for August 28, 2024

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7th Pay Commission Latest News: Here comes a big update for the Central government employees who are waiting for a hike in dearness allowance (DA). Various media reports suggest that the Centre is expected to announce a second increase in Dearness Allowance (DA) and Dearness Relief (DR) for employees and pensioners in September 2024. Once implemented, the new DA hike will be effective from July 2024.
Business news: India's forex reserves jumped by USD 4.546 billion to USD 674.664 billion during the week ended August 16, the Reserve Bank of India (RBI) said today (August 23). In the previous week, the forex kitty had dropped by USD 4.8 billion to USD 670.119 billion. On August 2, the overall reserves hit an all-time high of USD 674.919 billion.
IT major Cognizant's subsidiary TriZetto has filed a lawsuit against Infosys in a US federal court, accusing it of stealing trade secrets and information related to healthcare insurance software.  In a lawsuit filed in Texas Federal Court, Cognizant has accused the Bengaluru-headquartered company of illegally accessing data from TriZetto's software -- Facets and QNXT -- and using the same to develop and market a competing product.
Unified Pension Scheme: In a significant decision impacting lakhs of employees, the Bharatiya Janata Party (BJP)-led central government today (August 24) approved the Unified Pension Scheme (UPS) which provides for Assured Pension and Assured Family Pension.
UPS vs NPS vs OPS:  For a long time, government employees have been demanding either amendment to the New Pension Scheme (NPS) or the reinstatement of the Old Pension Scheme (OPS). The opposition was also using this issue to garner support. In response, the Modi government has now taken decisive action. On Saturday, the Union Cabinet, led by Prime Minister Modi, approved a new pension scheme called the Unified Pension Scheme (UPS). Under this scheme, 50 per cent of the average basic pay is drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. Additionally, the scheme offers various other benefits, such as assured pension, assured family pension, assured minimum pension, inflation-linked indexation, and extra payment in addition to gratuity. Let's explore the differences between the Unified Pension Scheme (UPS), the New Pension Scheme (NPS), and the Old Pension Scheme (OPS).
According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
Business news: India's forex reserves jumped by USD 4.546 billion to USD 674.664 billion during the week ended August 16, the Reserve Bank of India (RBI) said today (August 23). In the previous week, the forex kitty had dropped by USD 4.8 billion to USD 670.119 billion. On August 2, the overall reserves hit an all-time high of USD 674.919 billion.
IT major Cognizant's subsidiary TriZetto has filed a lawsuit against Infosys in a US federal court, accusing it of stealing trade secrets and information related to healthcare insurance software.  In a lawsuit filed in Texas Federal Court, Cognizant has accused the Bengaluru-headquartered company of illegally accessing data from TriZetto's software -- Facets and QNXT -- and using the same to develop and market a competing product.
Unified Pension Scheme: In a significant decision impacting lakhs of employees, the Bharatiya Janata Party (BJP)-led central government today (August 24) approved the Unified Pension Scheme (UPS) which provides for Assured Pension and Assured Family Pension.
UPS vs NPS vs OPS:  For a long time, government employees have been demanding either amendment to the New Pension Scheme (NPS) or the reinstatement of the Old Pension Scheme (OPS). The opposition was also using this issue to garner support. In response, the Modi government has now taken decisive action. On Saturday, the Union Cabinet, led by Prime Minister Modi, approved a new pension scheme called the Unified Pension Scheme (UPS). Under this scheme, 50 per cent of the average basic pay is drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. Additionally, the scheme offers various other benefits, such as assured pension, assured family pension, assured minimum pension, inflation-linked indexation, and extra payment in addition to gratuity. Let's explore the differences between the Unified Pension Scheme (UPS), the New Pension Scheme (NPS), and the Old Pension Scheme (OPS).
According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Business news: India's forex reserves jumped by USD 4.546 billion to USD 674.664 billion during the week ended August 16, the Reserve Bank of India (RBI) said today (August 23). In the previous week, the forex kitty had dropped by USD 4.8 billion to USD 670.119 billion. On August 2, the overall reserves hit an all-time high of USD 674.919 billion.
IT major Cognizant's subsidiary TriZetto has filed a lawsuit against Infosys in a US federal court, accusing it of stealing trade secrets and information related to healthcare insurance software.  In a lawsuit filed in Texas Federal Court, Cognizant has accused the Bengaluru-headquartered company of illegally accessing data from TriZetto's software -- Facets and QNXT -- and using the same to develop and market a competing product.
Unified Pension Scheme: In a significant decision impacting lakhs of employees, the Bharatiya Janata Party (BJP)-led central government today (August 24) approved the Unified Pension Scheme (UPS) which provides for Assured Pension and Assured Family Pension.
UPS vs NPS vs OPS:  For a long time, government employees have been demanding either amendment to the New Pension Scheme (NPS) or the reinstatement of the Old Pension Scheme (OPS). The opposition was also using this issue to garner support. In response, the Modi government has now taken decisive action. On Saturday, the Union Cabinet, led by Prime Minister Modi, approved a new pension scheme called the Unified Pension Scheme (UPS). Under this scheme, 50 per cent of the average basic pay is drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. Additionally, the scheme offers various other benefits, such as assured pension, assured family pension, assured minimum pension, inflation-linked indexation, and extra payment in addition to gratuity. Let's explore the differences between the Unified Pension Scheme (UPS), the New Pension Scheme (NPS), and the Old Pension Scheme (OPS).
According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Unified Pension Scheme: In a significant decision impacting lakhs of employees, the Bharatiya Janata Party (BJP)-led central government today (August 24) approved the Unified Pension Scheme (UPS) which provides for Assured Pension and Assured Family Pension.
UPS vs NPS vs OPS:  For a long time, government employees have been demanding either amendment to the New Pension Scheme (NPS) or the reinstatement of the Old Pension Scheme (OPS). The opposition was also using this issue to garner support. In response, the Modi government has now taken decisive action. On Saturday, the Union Cabinet, led by Prime Minister Modi, approved a new pension scheme called the Unified Pension Scheme (UPS). Under this scheme, 50 per cent of the average basic pay is drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. Additionally, the scheme offers various other benefits, such as assured pension, assured family pension, assured minimum pension, inflation-linked indexation, and extra payment in addition to gratuity. Let's explore the differences between the Unified Pension Scheme (UPS), the New Pension Scheme (NPS), and the Old Pension Scheme (OPS).
According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Here comes a piece of good news for the train passengers. You will not have to wait for long time to book your train ticket. The Indian Railway Catering and Tourism Corporation (IRCTC) said it will soon ramp up the ticketing capacity to ensure that the train passengers who book tickets don't have to suffer in the waiting period.
With the announcement of the unified pension scheme by the Centre for the government employees, now the private sector employees are also expected to receive good news, as there is a proposal to raise the wage ceiling for the calculation of provident fund and pension contributions under the Employees' Provident Fund Organisation (EPFO).
According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Here comes a piece of good news for the train passengers. You will not have to wait for long time to book your train ticket. The Indian Railway Catering and Tourism Corporation (IRCTC) said it will soon ramp up the ticketing capacity to ensure that the train passengers who book tickets don't have to suffer in the waiting period.
With the announcement of the unified pension scheme by the Centre for the government employees, now the private sector employees are also expected to receive good news, as there is a proposal to raise the wage ceiling for the calculation of provident fund and pension contributions under the Employees' Provident Fund Organisation (EPFO).
Ahead of the upcoming festive season, several passenger and commercial vehicle manufacturers have agreed to provide discounts ranging from 1.5 to 3 per cent on new vehicle purchases when customers trade in their old, scrapped vehicles. This decision was taken following a meeting with Union Road Transport and Highways Minister Nitin Gadkari. According to an official statement released on Tuesday, Mercedes Benz India has committed to offering a flat discount of Rs 25,000 on new vehicle purchases, in addition to all existing discounts. The announcement came after Gadkari chaired a meeting with the Society of Indian Automobile Manufacturers (SIAM) delegation at Bharat Mandapam, where he discussed key challenges facing the automobile industry.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Here comes a piece of good news for the train passengers. You will not have to wait for long time to book your train ticket. The Indian Railway Catering and Tourism Corporation (IRCTC) said it will soon ramp up the ticketing capacity to ensure that the train passengers who book tickets don't have to suffer in the waiting period.
With the announcement of the unified pension scheme by the Centre for the government employees, now the private sector employees are also expected to receive good news, as there is a proposal to raise the wage ceiling for the calculation of provident fund and pension contributions under the Employees' Provident Fund Organisation (EPFO).
Ahead of the upcoming festive season, several passenger and commercial vehicle manufacturers have agreed to provide discounts ranging from 1.5 to 3 per cent on new vehicle purchases when customers trade in their old, scrapped vehicles. This decision was taken following a meeting with Union Road Transport and Highways Minister Nitin Gadkari. According to an official statement released on Tuesday, Mercedes Benz India has committed to offering a flat discount of Rs 25,000 on new vehicle purchases, in addition to all existing discounts. The announcement came after Gadkari chaired a meeting with the Society of Indian Automobile Manufacturers (SIAM) delegation at Bharat Mandapam, where he discussed key challenges facing the automobile industry.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to over the Rs 1-lakh-crore mark.
Stock market benchmark indices Sensex and Nifty surged in early trade on Monday morning following a rally in the US stock markets and foreign fund inflows. The BSE Sensex climbed 312.33 points to reach 81,398.54 in early trade while the NSE Nifty rallied 94.15 points to 24,917.30.
State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, along with the supervision of the erection and commissioning processes for the three power projects, a BSE filing stated.
If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve those finacial goals. The most significant measure to minimise your investment errors is to recognise the most prevalent ones.
In a significant trend observed in the Indian real estate market, housing prices in Bengaluru's Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report by real estate consultant Anarock. The report focused on price trends across the top three micro-markets within the seven major cities, taking into account areas that have seen the maximum new supply over the past five years. The data reveals that Bagaluru in Bengaluru witnessed the most significant price appreciation, with prices escalating by 90 per cent from the end of 2019 to June 2024.
The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70.
Here comes a piece of good news for the train passengers. You will not have to wait for long time to book your train ticket. The Indian Railway Catering and Tourism Corporation (IRCTC) said it will soon ramp up the ticketing capacity to ensure that the train passengers who book tickets don't have to suffer in the waiting period.
With the announcement of the unified pension scheme by the Centre for the government employees, now the private sector employees are also expected to receive good news, as there is a proposal to raise the wage ceiling for the calculation of provident fund and pension contributions under the Employees' Provident Fund Organisation (EPFO).
Ahead of the upcoming festive season, several passenger and commercial vehicle manufacturers have agreed to provide discounts ranging from 1.5 to 3 per cent on new vehicle purchases when customers trade in their old, scrapped vehicles. This decision was taken following a meeting with Union Road Transport and Highways Minister Nitin Gadkari. According to an official statement released on Tuesday, Mercedes Benz India has committed to offering a flat discount of Rs 25,000 on new vehicle purchases, in addition to all existing discounts. The announcement came after Gadkari chaired a meeting with the Society of Indian Automobile Manufacturers (SIAM) delegation at Bharat Mandapam, where he discussed key challenges facing the automobile industry.
Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional interest rates. Several banks are now offering competitive FD rates, with some institutions providing up to 50 basis points (bps) extra for senior citizens. In this context, small finance banks are standing out by offering some of the highest FD rates available. 
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