'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand. According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing') stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022.
Salman Khan's Sikandar may not be the spectacle one hoped it would be. Many decades ago, Sohrab Modi made the historical extravaganza Sikandar that continues to inspire audiences today.
Australian quick Josh Hazlewood expressed that India's rare series whitewash at home to New Zealand could "awaken a sleeping giant" as they prepare to take on the ICC World Test Championship table-toppers in the Border-Gavaskar Trophy from November 22 onwards.
'I am not a greedy film person, even as an actor.' 'While my contemporaries Dharmendra and Shashi Kapoor acted in nearly 300 films each, I've done hardly 35 films in my entire career.'
Apart from his hard work and patience, Rahul credited his success to Abhishek Nayar, the former Indian cricketer and the Indian team's batting coach.
Team Director Mickey Arthur accepted that Pakistan's batters lacked aggression against India during their first defeat in three matches at the ICC World Cup.
The 2003 BSF operation that eliminated terrorist Gazi Baba in Jammu and Kashmir, the subject of an upcoming action film, "Ground Zero," crippled the Jaish-e-Mohammed. The mission, which earned the BSF a dozen gallantry awards, is being portrayed in the film releasing on April 25. The operation, described in the BSF's 50th anniversary book, involved a daring raid on a house in Srinagar where Gazi Baba was hiding. The BSF faced heavy gunfire and grenades, with officers sustaining injuries and one constable, Balbir Singh, being killed while protecting his superior officer, Narendra Nath Dhar Dubey. Dubey, who led the operation, received the Kirti Chakra, India's third highest peacetime gallantry award.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
India's medal tally at the ongoing Paralympics has gone up to 27, with six gold medals, nine silver medals, and 12 bronze medals.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."
'My family are the mainstream audience and think I am wasting my time. Until I make a Rs 100 crore film, they won't be convinced.'
Images from Day 2 of the second Test between India and New Zealand at the Maharashtra Cricket Association Stadium in Pune on Friday.
Former England skipper Alastair Cook appreciated spinner Shoaib Bashir after his strong performance on the second day of the fourth Test against India at JSCA International Stadium Complex on Saturday.
Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. In its pre-Budget meeting with the finance ministry, Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).
If growth reverts to the pre-Covid level, a lot of people may have to temper their rosy optimism, points out Debashis Basu.
Lenders in India, comprising banks and finance companies, anticipate robust growth in retail credit during the upcoming festival season, stretching from September to December 2023. This expectation is based on resilient demand, government initiatives, and elections in key states.
The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar, points out Tamal Bandyopadhyay.
15-year-old Indian amateur golfer Kartik Singh made history by becoming the youngest player from the subcontinent to make the cut in an Asian Tour event at the International Series India.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
At this point it is still anyone's game, with a draw also an option, says Prem Panicker in his analysis of Day 4.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
When you are defending to save a game, a loose delivery comes along and you suddenly opt to play an attacking shot, you are unlikely to hit as well as if you were playing your naturally aggressive game all along. First Pant, then Jaiswal, found that out the costly way, observes Prem Panicker.
Varun Chakravarthy now holds the best figures by an Indian bowler on Champions Trophy debut. His five wicket haul in just his second ODI is the earliest by an Indian in 50 overs cricket.
Skipper Ben Stokes expressed pride in how England have fought toe to toe with India despite not having 'a chance in hell of competing' with the hosts.
The Uttar Pradesh government has announced a special Rs 10,000 bonus and the 'Maha Kumbh Seva Medal' for 75,000 police personnel who served during the Maha Kumbh in Prayagraj. Chief Minister Yogi Adityanath praised the police force's efforts in managing the grand religious event, highlighting the event's economic impact and the transformation of the UP Police into a "Mitra Police." He also emphasized the state government's commitment to police welfare and infrastructure development, citing increased recruitment and budget allocation.
'...there was a time there where it could have been 250 or 270 (run lead) or maybe even less there for a bit.'
'It showed me that this man had courage. He makes his own decisions, but he also trusted me enough in that moment to walk with me into the crowd,' Modi tells Lex Fridman on his podcast.
'England were really good today and they put up as much of a fight as they could. But obviously -- like with any Test series and any Test match -- you look at key areas where you let the game slip.'
Sukanya Verma lists 15 scenes that reveal facets of Salman outside the formula.
Delhi Capitals young batting sensation Jake Fraser-McGurk says if he was able to handle the nerves on his IPL debut, the credit goes to coach Ricky Ponting, who advised him to time the ball instead of swinging his bat wildly.
'It was a lot of hard work. We had to clear our minds and make sure that we believed.'
Referring to Abdullah's comments, Saamana claimed that Congress actively contributed to AAP's defeat in at least 14 seats in Delhi, which could have been avoided.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
As the Union Budget 2025-2026 (FY26) inches closer, the Indian real estate industry is seeking stamp duty cuts, revised home loan limits and updated affordable housing norms through Pradhan Mantri Awas Yojna (PMAY), single-window clearance and eco-friendly policies, among others. Industry leaders and consultancy firms, including Anarock, Raheja, Gaurs, Kanodia Group, Reach, Urban Space, Justo and Eros Group, have shared their expectations.
'Once I got my first wicket, that built up my confidence. Fortunately, I was able to take six wickets.'
AB de Villiers feels the criticism that has come South Africa's way is unwarranted and they have rather done well to reach the WTC final despite experiencing "so many changes" in the last three to five years.
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
Ajinkya Rahane, who last played a Test in July 2023, expressed his unwavering love for Test cricket and his strong desire to return to the Indian team.
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