Rising mortgage rates are causing a headache for homeowners and buyers, so what is behind the maelstrom?
Category: Business
NEW DELHI: Directorate of Enforcement (ED) arrested Neeraj Singhal, the former promoter-cum-managing director of Bhushan Steel Limited (BSL), following a search operation at his residence on June 9 under the provisions of Prevention of Money Laundering Act, 2002, in a Rs 56,000 crore bank fraud case. Singhal has been remanded to 10 days of ED […]
NEW DELHI: RBI’s decision to leave key interest rates unchanged is expected to help the ongoing recovery in the real estate sector, experts said on Thursday. Niranjan Hiranandani of Hiranandani Group and National vice-chairman of Naredco said the RBI decision will help create demand and supply in the real estate sector. “As a snowball effect, […]
NEW DELHI: The RBI has issued guidelines permitting the use of first loss default guarantee (FLDG) arrangements in digital lending, but with strict norms. Previously, the RBI cracked down on FLDG lending models in which fintechs provided loans extended by finance companies or banks but bore the default risk by providing a guarantee to the […]
NEW DELHI: Petroleum minister Hardeep Singh Puri said on Saturday that oil companies will be in a position to look at the issue of reducing petrol and diesel prices if the international crude cost remains stable and these firms have a good next quarter.He, however, added that he was not in a position to make […]
MUMBAI: As the stock market inched up through May, mutual fund (MF) investors continued to plough money through the systematic investment plan (SIP) route, taking the monthly inflows to an alltime high of Rs 14,749 crore. Total assets managed by the MF industry too scaled a new peak of Rs 43. 2 lakh crore in […]
NEW DELHI: The Indian economy is expected to expand by 6. 5-7% in the current fiscal year on the back of a strong growth momentum in investments and efficiency gains from rapid pace of digital transformation, chief economic adviser V Anantha Nageswaran said on Friday. The economy grew stronger than expected at 7. 2% in […]
BENGALURU: Company secretary Gaurav Pingle’s computer screen looked like a screensaver with an astronaut in space. But a closer look showed it was an error message from MCA21, the corporate affairs ministry’s website, when he tried to upload some forms. Now, two days after raising a complaint, he still hasn’t found a resolution.Company law professionals […]
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Homecoming for Fed’s Deepa at Goa’s G20
PANAJI: Born and raised in the US, Deepa Dhume Datta would visit Goa every three years as a child, to spend time with family. This week, Deepa returned to Goa, not only as a daughter of the land, but as an economist representing the US Federal Reserve board, for the G20 meetings.Deepa currently serves as […]
Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk said on Friday.“Note, the creator must be verified and only ads served to verified users count,” Musk, the billionaire who bought Twitter last October, said in a tweet.Since Tesla […]
MUMBAI: Go Digit Life Insurance, promoted by Canadian billionaire Prem Watsa’s Fairfax group and industry veteran Kamesh Goyal, has received a certificate of registration from regulator Irdai to undertake life insurance business in India. This is the third life insurer to get a licence thisyear — the most since 2011.The company has been capitalised at […]