Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
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.
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.
The country's largest housing finance company HDFC Ltd will merge with the country's largest private sector lender HDFC Bank, according to a regulatory filing. The scheme of amalgamation will be subject to various regulatory approvals, including from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), HDFC Bank said in the filing on Monday.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
The bank has increased its spreads or mark-up over base rate paid by a borrower by 0.10 per cent.
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.
Hardik Pandya hasn't looked back since leading Gujarat Titans to the IPL title in their maiden appearance last year. For all the success that's come his way, India's new T20I skipper credits Ashish Nehra, his franchise coach.
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RBI's move to link loan payment to construction progress is likely to bring down property prices.
Tina Turner, who had Indians across generations dancing to songs such as What's Love Got To Do With It, was all set to play Shakti in a film to be directed by Ismail Merchant and visited Varanasi and Kerala for an exploratory trip.
The Securities and Exchange Board of India (Sebi) is in the process of issuing a standard operating procedure (SOP) for designated depository participants (DDPs) regarding disclosures and onboarding of foreign portfolio investors (FPIs), according to a regulatory document seen by Business Standard. DDPs act as a link between the markets regulator and overseas investors. The SOP, framed in consultation with the industry, aims to bring consistency across all players and avoid any form of regulatory arbitrage.
Root believed his side were competitive during the series but India 'out-skilled' them at crunch moments.
'I am particularly happy that an Indian has done such a superb job as the coach because people always talk about foreign coaches, but Shastri has dashed all those views.'
The pitch drawing flak from former players like Vaughan, though Gavaskar credited the Indian spinners rather than blaming the surface.
Images from Day 5 of the first Test between India and New Zealand, at Green Park in Kanpur, on Monday.
Madhya Pradesh pacer Avesh Khan, who earned a national call-up for the T20 series against New Zealand on Wednesday said that his dream to represent the country has been fulfilled.
Understand the finer points before signing on the dotted line as a guarantor
Senior Congress leader B K Hariprasad's statements regarding ministerial and chief ministerial posts, along with his veiled dig at Karnataka Chief Minister Siddaramaiah seems to have created a sense of unease within the ruling party in Karnataka.
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.
The bull run in the Indian equity markets is intact, said analysts at Morgan Stanley in a recent note. They expect the S&P BSE Sensex to hit 80,000 levels by December 2023 in their bull-case scenario, to which they have assigned a 30 per cent probability. From the current level, this translates into an upside of nearly 29 per cent.
The Gorakhpur-based Gita Press, which is the world's largest publisher of Hindu religious texts, has declined the Rs 1 crore cash award for the Gandhi Peace Prize amid a political row over its selection for the prestigious honour.
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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
Hardik Pandya sees teammate Sai Sudharsan doing 'great things' in franchise cricket
Rajat Gupta was freed from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts, on January 5.
New borrowers should go for banks over housing finance companies as the new benchmark -- MCLR -- is more transparent.
McGrath, who is known to make predictions ahead of the Ashes series, said it's going to be a great contest between Australia and England.
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
Do you have financial planning queries? Ask rediffGURU Kirtan A Shah.
Pradhan, who is also the skill development minister, said he has received positive feedback from students on the plan to conduct board exams twice a year.
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.
Rahul added that initially, India were looking to chase a target in the vicinity of 280-300 runs as it was a good batting track. He gave credit to the home team bowlers for dismissing Sri Lanka for 215 in 39.4 overs.
Warner has also taken aim at his Ashes nemesis England veteran pacer Stuart Broad, implying that he will not be the force that derailed the opening batter's 2019 trip this time.
Stretchered off the field due to a career-threatening back injury against the same opponents at the same venue four years back, Hardik Pandya feels a "sense of achievement" after guiding India to a five-wicket win over Pakistan in their Asia Cup opener in Dubai on Sunday.
'The next ODI World Cup is at home and we have not won a global event yet at the senior level. I am sure the BCCI is prioritising that and will keep these players in the mix.'
Two non-government organisations run by social activist Teesta Setalvad and her husband have been served notice by the home ministry for alleged violations of the Foreign Contribution Regulation Act and asked to reply within 15 days.
'We think we know him because he's written about everyday.' 'But how many of us know him as a person?'
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.
