Vatsal Ramaiya draws wisdom from the Bhagvad Gita and correlates it to how you can build a decent corpus to achieve a peaceful retirement.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
From micro wind turbines to rice husk, low-cost solutions are being tested to drive the huge market hunger for energy.
Currently, there's a shortfall of 23 million houses in India.
Here's why you should care.
French hospitality at its best at a state dinner in honour of China's President Xi Jinping and his wife Peng Liyuan at Elysee Palace, Paris.
Adhiraj Parthasarathy, a professional from Telangana, tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.
On the individual front, housing loan rebate on self-occupied property was increased from Rs 1,50,000 to Rs 2,00,000.
To promote low-cost housing, this Budget proposes to extend the existing one per cent interest subsidy for a loan up to Rs 10 lakh for a house costing not more than Rs 20 lakh to apply for a housing loan up to Rs 15 lakh for a house costing up to Rs 25 lakh.
Affordable housing has become the new mantra in Indian real estate where builders are luring investors to buy houses which not only come under their budget but also fetch good returns.
Jayashree Kanam is waiting for the Class X board examination results. But her story is far from ordinary.
Housing regulator, NHB, which is awaiting $ 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently.
A senior company official was killed and 100 others were injured in the violence at the Maruti's plant in Manesar last month.
He designed some of India's most iconic buildings.
With their home markets in turmoil, large global investors such as Blackstone, Carlyle, Morgan Stanley, JP Morgan and the Government of Singapore Investment Corporation are actively scouting for and signing deals in the Indian property sector.
It is not advisable to touch retirement corpus if property is being purchased for investment.
The levy has also been removed on low cost houses up to a carpet area of 60 square metres in a housing project under any housing scheme of the state government.
Government banks have demanded that the amount eligible under the farm waiver scheme should continue to be considered lending to the farm sector till the government clears the dues to help banks meet the mandatory priority sector lending target.
The minister also announced that the low-cost housing (property up to Rs 20 lakh) segment would be exempted from service tax.
In a significant development, the Bombay High court on Monday set aside the sale of 600 acre of surplus textile mill land by National Textile Corporation in prime locations.
The challenge is making governments at the Centre and in the states start focusing on the needs of towns and cities
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
"The people have voted in large numbers for Congress and the policies of the DF governments," Deshmukh said in a official release.
For those in the EWS and LIG category who wish to take a loan up to Rs 600,000, there is an interest subsidy of 6.5 per cent for a tenure of 15 years.
The merged entity's deposits grew by 16.2 per cent YoY at Rs 20.63 trillion at the end of the first quarter. Sequentially, the merged entity's advances rose by about 0.7 per cent to Rs 22.30 trillion as of March 31, 2023. However, the pace of deposit mobilisation was higher at 1.2 per cent over Rs 20.39 trillion as of March 31, 2023.
The local Daily News, edited by Indian-origin Dennis Pather, wrote an editorial condemning the letter and said Rajbansi was a product of apartheid politics.
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Most infra projects have hit a road block due to high cost of funds.
Battered and bruised by the slowdown, real estate developers have done a mid-course strategy correction and begun to offer low-cost and affordable houses.
Former Citibanker and MphasiS founder wants to provide affordable housing to low-income buyers. What's his business model?
India's housing shortage is fuelled by the immigration of millions of villagers to the cities.
After launching mid-income houses, real estate companies are now targeting low-priced homes in the sub-Rs 10 lakh (Rs 1 million) category to improve cash flows and beat the slump in the property market that has been driven by high borrowing rates.
The fundamental reason I chose to venture into this area is rather straightforward -- there is a significant market for high-quality, low-price residences in this country.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
Struggling, corrupt construction industry will be challenged by the prime minster's $250-billion plan
Realty players want single window clearance for all affordable projects, reports Karan Choudhury.
The government has also proposed to set up a Mission on Low Cost Affordable Housing to be anchored in the National Housing Bank.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
The Reserve Bank may go for a final 25 basis points increase in the current rate hike cycle next week and a reduction would come in only by the end of third quarter of FY24, economists at Axis Bank said on Wednesday. As per media reports, RBI officials met economists on Tuesday, and the latter have suggested the central bank to go for a 25 basis points hike in key rates. Since May 2022, the RBI has hiked rates by 250 basis points, hurting borrowers and some are already concerned about loan tenors extending beyond their working lives as a result of the hikes.
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