Every housing finance company, and every bank with a large housing finance exposure, will see loss of volumes in this quarter.
While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per cent YoY (year-on-year).
Congress leader Anand Sharma on Wednesday attacked the Bharatiya Janata Party, saying that the Citizenship Amendment Bill is an "assault" on the foundations of the Constitution and fails the morality test while asserting that it was wrong to blame his party for the Partition.
The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank now has crossed 6 per cent. This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.
In the last three years, the United States has taken over Russia as the largest supplier of weapon systems to India, Lok Sabha was informed on Tuesday. Answering a written query in the Lower House, Defence Minister Arun Jaitley said in the last three years, India pent Rs 83,458 crore for procuring equipment from foreign vendors which included Rs 32,615 crore worth of supplies from the US whereas Russia exported hardware worth Rs 25,363.96 crore in this period.
Disgruntled Janata Dal-United leader Upendra Kushwaha on Monday resigned from Chief Minister Nitish Kumar's party, less than two years after returning to the party, and announced formation of the 'Rashtriya Loktantrik Janata Dal'.
Lok Sabha is set to witness a confrontation over Land Acquisition Bill on Tuesday when it is taken up for voting with opposition bent on opposing it even as the government again offered to make changes in the legislation in the "larger interest" of the farming community.
Peter Bergen, CNN's national security analyst and Ana Swanson, editor, South Asia Channel on foreignpolicy.com list 11 things you need to know about the world's biggest election:
GST is intended to create a single market and boost commerce in India's $2 trillion economy
The US President also encouraged Prime Minister Modi to improve relations with Pakistan.
'The last thing he would want is new tensions with India.'
The amendments to the six-and-half-decade law provides that stock holding limit on commodities will only be imposed under exceptional circumstances like national calamities, famine with a surge in prices, the minister said.
The plan is to offer the ratings of drivers to insurers, which can then customise their premiums -- a higher score meaning a lower premium, for instance, and vice-versa.
'Investors don't have to worry about underperformance in passive funds, which earn market-equivalent returns.'
Even as the returns of mutual fund (MF) schemes have improved considerably in the past three months, addition of new investors has remained in the slow lane for the MF industry. According to industry data, during the first six months of CY 2023, MFs onboarded only 1.6 million new unique investors, in stark contrast to the 4.7 million investors added during the same period last CY and the 2.4 million in 2021. It is noteworthy, however, that the current additions for this year have doubled in comparison to the figure of 800,000 seen in 2020.
'This action sends out a very nasty message in a very strong way -- that nobody is exempt.' 'It is also an attempt to extend the definition of who is an anti-national, who's a terrorist, a definition that's becoming looser under this regime.' 'The sad part is that by the time the courts acquit those arrested, they would've spent years in jail and been taught a lesson.'
At a time when investors are preferring higher-risk investment products like thematic and small-cap mutual fund (MF) schemes, some fund houses are exploring the possibility of going further down the market-capitalisation (m-cap) ladder to unearth newer investment opportunities. HDFC MF had filed papers with the capital markets regulator - the Securities and Exchange Board of India (Sebi) - earlier this year for an active micro-cap scheme. Some more fund houses are keen on launching such schemes, say industry observers.
Two wonderful recipes from Pratibha Karan's The Book Of Dals.
The S&P BSE Realty Index has emerged as one of the top-performing sectors, yielding a remarkable 45 per cent return over the past six months. The three leading players, listed by market capitalisation, have substantially enriched investor wealth by 43-70 per cent during this period. If the second quarter (Q2) of 2023-24 (FY24) updates from Macrotech Developers (Lodha) and Sobha, along with industry data for the quarter, serve as any indication, the trend of strong bookings for larger players is expected to continue.
The veteran politician accused the BJP of breaking duly elected governments in opposition-ruled states even as it boasted about providing a stable government at the Centre.
Currently, there's a shortfall of 23 million houses in India.
The ordinance was launched to implement the verdict of the ICJ which asked Pakistan to provide effective review of the sentence given to Jadhav my a military court. Jadhav, the 50-year-old retired Indian Navy officer, was sentenced to death by a Pakistani military court on charges of 'espionage and terrorism' in April 2017.
The BSE Realty index-a gauge of real estate stocks-rose 4.2 per cent on Monday, extending its two-day advance to 7.8 per cent. The latest gains came on the back of robust sales posted by realty developers in the March quarter of financial year 2022-23 (Q4FY23). On Thursday, the rate-sensitive index had gained 2.9 per cent following the Reserve Bank of India's decision to pause interest rate hikes in its latest monetary policy review.
Property registrations in Mumbai hit the 100,000-mark till November, marking a 10-year high as "demand enablers" like low prices and cheaper interest rates lure people to buy homes in India's financial capital. The previous 10-year high was 80,746 units in 2018. November 2021 recorded property sale registrations of 7,582 units: an 18 per-cent decline compared to same month last year (YoY) when stamp duty rate was at its lowest level of two per cent, said property consultant Knight Frank India, quoting data from the Maharashtra government's Department of Registrations and Stamps. Compared to October or a month-on-month (MoM) basis, registrations are lower by 12 per cent.
The prime minister's sop is expected to give a massive boost to priority-sector housing loans, thereby pulling the entire housing loan portfolio of banks.
19 per cent of all travel in India (by bus, train or air) was pilgrimage or religious travel (possibly the single largest after business and family-related travel), discovers Ambi Parameswaran.
Since March 31, 2022, the PSBs' market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion. It's time for the government, the majority owner of public sector banks, to reap the benefit of the rally in bank stocks, recommends Tamal Bandyopadhyay.
He was elected as a local body councillor in 1976 in Bharuch Municipal body of Gujarat at the age of 25 years and became the political secretary of Sonia Gandhi and remained a bridge during UPA-I tenure between the party and the government.
In a move apparently aimed at preventing the airing of soaps and serials from countries like India and Turkey, a Pakistani parliamentary panel has asked the government to ban all foreign content in any language during prime time on television channels.
Pakistan desires peaceful ties with its neighbours, including India, and will work to strengthen the dialogue process that is already underway to resolve problems like the Kashmir issue, Prime Minister-elect Raja Pervez Ashraf said on Friday.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.
'I believe the modified scheme is much more beneficial and simpler.'
Roiled by the pandemic, home prices in India fell 3.6 per cent in December quarter 2020, pushing down its global ranking to the lowest 56th as compared to 43rd in the year-ago period, while Turkey continued to lead the tally, says a report. According to international property consultancy Knight Frank, India was the weakest-performing housing market in October-December last year with a decline of 3.6 per cent year-on-year in prices. The Knight Frank global house price index tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics.
First coach Manhas remembers 17-year-old terrorising Ranji batters at nets
The Adani Group led in adding net fixed assets, which are up more than 90 per cent since September 2019 or before COVID-19.
Pakistan on Thursday said Most Favoured Nation status cannot be granted to India at a time when there is tension on the borders.
The bill was passed by LS last year and now it has to go back to the Lower House for incorporating the amendments approved by Rajya Sabha.
'With the current situation in the global job market, students come back with an added burden of educational loans.'
Nepal last month released the revised political and administrative map of the country laying claim over the strategically key areas, more than six months after India published a new map in November 2019.
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