Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks.
HAL is poised to sell the Philippines at least seven Dhruv Advanced Light Helicopters and eight Dornier 228 aircraft for Rs 30 billion, reports Ajai Shukla.
The advertisement carries Sena's bow-and-arrow symbol and images of Prime Minister Narendra Modi and CM Shinde. It has no image or photo of Shiv Sena founder late Balasaheb Thackeray, a noticeable departure going by its earlier publicity materials.
Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for non-payment of around Rs 432 crore worth dues, the bankruptcy court ordered the initiation of insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group. The NCLT said "there has been a default in payment of the financial debt" and appointed Hitesh Goyal as the Interim Resolution Professional (IRP) superseding the board of Supertech Ltd.
Banks, led by State Bank of India, under special schemes offer home loans at lower interest (teaser) rates to the new customers for the first few years of the credit period, which has kicked up a storm in the industry.
Mumbai Indians captain Harmanpreet Kaur feels that focussing on winning crucial moments of matches and not the ultimate prize worked for her side.
Modi claimed that some other parties were also helping the opposition alliance from behind but any vote for them will take Tripura several years backward.
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
'If something unfortunate happens to an earning member, the family loses the crucial income which would have gone towards paying off debts, meeting the cost of children's higher education, or towards the upkeep of elderly parents.'
All real estate developers may not be able to avail the benefit of Reserve Bank of India's one-time restructuring scheme as they might not meet the required financial ratios and have the necessary credit rating, HDFC vice chairman and CEO Keki Mistry said. He was speaking at a real estate and infrastructure investor summit organised by Naredco. "Restructuring may not necessarily help every developer because not too many will be able to meet the criteria laid down in terms of meeting the various ratios and getting credit ratings," Mistry said.
India skipper Virat Kohli rejected criticism of the spin-friendly Chepauk pitch, asserting that his side showed the requisite grit and determination to conquer England on it in the second Test, the toss not a matter of concern at all.
Prime Minister Narendra Modi has created such an atmosphere in Kashmir that any Indian can hoist the national flag with pride at Lal Chowk in Srinagar, the Bharatiya Janata Party said on Sunday and asked Congress leader Rahul Gandhi to thank him for the change in the Valley.
In what could trigger another round of rate cut war, National Housing Bank on Wednesday slashed lending rates by 0.40-0.65 per cent just two weeks before the Reserve Bank of India announces its busy season credit policy.
SBI said it could give discount to new housing credit seekers and might cut home loan rates. SBI is currently offering home loans at 12.75 per cent on fixed interest rate basis. The floating interest rate ranges between 10.75-11.25 per cent.
The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain power for a record seventh straight term but was behind the Congress in Himachal Pradesh which could go with the trend of alternative governments in the hill state.
Chasing a record victory target of 482, England were all out for 164 in their second innings with No. 9 batsman Moeen Ali their top scorer with a breezy 43.
Legendary South Africa batter Hashim Amla says more "collective experience" in the Indian side was one of the key factors in the visiting side's comfortable victory in the series-opener at Centurion.
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RBI's move to link loan payment to construction progress is likely to bring down property prices.
Sania Mirza capped off her glorious Grand Slam career with a runners-up finish alongside 'best friend' Rohan Bopanna in the Australian Open mixed doubles final in Melbourne on Friday.
Understand the finer points before signing on the dotted line as a guarantor
'India has given assistance that we required, otherwise we would not have been able to survive this far.'
Images from the IPL 2023 match between Kolkata Knight Riders and Chennai Super Kings played at the Eden Gardens in Kolkata on Sunday.
In spite of Mukesh Ambani, Gautam Adani, the Poonawallas and many other Indians seeing a jump in their net worth in the pandemic-hit 2020, overall wealth of the country's super-rich dipped 4.4 per cent to $12.83 trillion in the year due to the rupee's fall, and so did their tally, says a report. The number of dollar millionaires in India fell from 7,64,000 in 2019 to 6,98,000 solely because of the rupee's fall, while their cumulative wealth stood at $12.833 trillion, down $594 billion or 4.4 per cent from the previous year, according to the report by Credit Suisse Research Institute. The country is home to just 1 per cent of the global rich, whose number rose by 5.2 million to 56.1 million in the COVID-hit year. However, the report expects the number of millionaires in India to soar 81.8 per cent to 1.3 million by 2025.
Prime Minister Narendra Modi on Friday urged bureaucrats to make national interest the sole basis of their every decision, saying the country has put its faith in them and they must uphold that trust.
India captain KL Rahul said he trusted his batting unit to do the job for the side despite losing seven wickets while chasing a modest 145 on day four of the second and final Test against Bangladesh.
New borrowers should go for banks over housing finance companies as the new benchmark -- MCLR -- is more transparent.
The BJP could surpass its previous best showing of 127 seats in 2002 when Modi was the chief minister.
Australian great Ian Chappell lauded India captain Virat Kohli for being able to channelise his "highly emotional temperament" towards building a versatile team that has tasted plenty of overseas success.
This was India's fourth win in the FIH Pro League.
'The BJP think they are running an ideology machine in this country, and they have to convert everyone, from people to parties to party leaders.'
'There's this one scene in Gulmohar that belongs to Manojji and everyone was excited for him.' 'The evening before we were to shoot it, everyone, from Sharmilaji to the junior most actor, wished him luck.'
'He was suddenly nervous.'
'The next day, 14 actors, from Sharmilaji and Amol Palekar to Suraj Sharma, all watched him perform.' 'It was like being back in film school.'
Speaking at a function at Ghaziabad on Monday, State Bank Chairman-cum-Managing Director O P Bhatt said the bank has decided to raise the interest rate by 0.5 per cent on all loans such as home loans and auto loans which are linked to PLR. The revision in PLR came after SBI raised its PLR from 12.25 per cent to 12.75 per cent last week following Reserve Bank's increasing its key short-term lending rate to banks.
Rajat Gupta was freed from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts, on January 5.
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After RBI's missive on proxy lending to builders, it's time to reshuffle.
NBFCs are allowed to include registration, stamp duty
Mortgage lender HDFC on Wednesday said it has approved the highest ever retail home loans of over Rs 2 lakh crore in 2021-22. The demand for these loans was from across the country, HDFC said in a statement. HDFC managing director Renu Sud Karnad said, "In over four and half decades, I have not seen a better time for the housing sector than now due to lower interest rates, stable property prices, government's thrust on affordable housing, improved affordability, favourable demographics, increasing urbanisation and rising aspirations." The residential real estate segment will continue to see strong traction going forward, as the demand for housing is not just pent up demand but is a structural one, she said.
England were braver than us in tougher situations, says Kohli
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
Shah said that it is "a 3-D government in Rajasthan and three Ds stands for 'dange' (riots), 'durvyavhar' (ill-treatment) with women and 'Dalit' atrocities.
Root helped kick off England's sparkling run under Stokes by scoring a mountain of runs against New Zealand and India in the home summer.
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