'People were asleep when they heard a loud noise and then a huge deluge of water accompanied with boulders and trees hit their homes.' 'Locals say around 400 houses have totally vanished in the landslide and floods.'
Overseas fundraising by Indian firms is experiencing a robust revival in 2024, following a lacklustre 2023. This resurgence is primarily driven by strong demand for high-yield bonds from international investors amid improving liquidity conditions and reduced hedging costs. Indian companies raised ~32,619 crore through overseas bonds in the first half of 2024, surpassing the total amount raised via such instruments in the entire 2023, which stood at ~31,218 crore, according to PRIME Database. In comparison, ~45,237 crore was raised in 2022 and ~1.05 trillion was secured in 2021.
Commemorating the Indo-US relationship, the resolution of the lower house of the Congress commends the maturating of the relationship between the two nations, exemplified by Dr Singh's current official visit which begins from November 22. "Our partnership with India is built on this foundation: that India's rise as a great power in Asia and as a global player advances critical American interests ranging from the promotion of democracy and democratic values, to improving stabi
Replying to the motion, he said the crime rate has not increased if the population growth is taken into account.
The Lok Sabha secretariat on Wednesday restored the membership of Nationalist Congress Party leader P P Mohammed Faizal, who was disqualified from the lower house in January following his conviction in a criminal case with a 10-year jail term.
The RBI's decision to hike the benchmark interest rate will make home loans costlier and affect housing sales, especially in affordable and mid-income segments, according to property consultants. The RBI on Wednesday hiked the key benchmark rate by 50 basis points. Property consultancy firms Anarock, Knight Frank India, JLL India, Colliers India, India Sotheby's International Realty and Investors Clinic said that the RBI's move was on the expected line to control inflation and this would result in an increase in interest rates on home loans.
He could have blazed a trail that few Indian judges had. It was a missed opportunity of a lifetime, notes Ramesh Menon.
It also saw the suspension of 100 members in a span of four days for unruly conduct and a major security breach on the anniversary of the 2001 Parliament terror attack.
Some explicit video clips allegedly involving Prajwal had started making the rounds in Hassan in recent days.
The government should provide home loan up to 25 lakh at a lower interest rate of 5 per cent to the people of the middle class, a prominent realtors' body appealed to the government against the backdrop of soaring home prices. G Hari Babu, president of the National Real Estate Development Council (Naredco), in an online interaction with Business Standard, said that the middle class in India accounts for roughly 30 per cent of the total population and is dependent on rental accommodation.
The last minute decision of the Congress to withdraw Rahul Gandhi's name as the lead speaker on the no-confidence motion in the Lok Sabha led to heated exchanges between the opposition and treasury benches on Tuesday.
Going by this Budget's estimate of government spending of Rs 48.2 trillion, the government has allocated a significantly lower percentage to defence -- 12.9 per cent.
The national real estate market presents an intriguing picture. Lower volumes and flat pricing serve as dampeners. Sales bookings across the top ten markets have seen 6 per cent growth year-on-year (Y-o-Y) between April and August 2024, but sales volume is down 8 per cent Y-o-Y. Unsold inventory is up.
The Lok Sabha was adjourned twice in the post-lunch period on Thursday as a war of words broke out between the treasury and opposition benches, triggered by Congress MP Charanjit Singh Channi's spat with the Bharatiya Janata Party's Ravneet Singh Bittu.
INDIA bloc leaders will protest at Jantar Mantar Friday against suspension of MPs and nationwide protests will also be held in all district headquarters against the government's "immoral and illegal" behaviour of this government, the Leader of the opposition in Rajya Sabha said.
United States President Joe Biden, while commemorating the 23rd anniversary of 9/11 terror attacks at a fire station, donned a red hat that read 'TRUMP 2024', a gesture the White House has termed a show of bipartisan unity.
Five-time world champions Viswanathan Anand and Magnus Carlsen played out a draw in the top duel of the opening day as the second edition of the Global Chess League began with players from around the world squaring off in London on Thursday.
The committee headed by Bharatiya Janata Party MP Vinod Kumar Sonkar is meeting later on Thursday to adopt its draft report in what is likely to be hotly contested by opposition members of the panel.
Now, the bill will undergo a similar process in the National Assembly, wherein the ruling Nepal Communist Party commands two-thirds majority.
Asked whether he would raise the issue with the government for not inviting him, he replied in the negative.
Proceedings of Maharashtra legislative assembly continued to be stalled for the second day today over Deputy Chief Minister Ajit Pawar's remarks on loadshedding and drought, with Opposition's move to bring a censure motion which was rejected by the Speaker.
'He had a lovely, lovely, sense of humour, very subdued and very, very subtle, but it was very, very, prominent.'
'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.' 'The only thing that matters to me as a buyer is that the home price should be within my reach.' 'Any market, when speculators and investors go out, it will benefit the middle class.'
Housing sales are likely to rise by 30 per cent across seven major cities to nearly 1.8 lakh units in 2021, but demand will still be lower than the pre-COVID levels, according to property consultant Anarock. According to Anarock research, housing sales are expected to increase 30 per cent year-on-year (y-o-y) to 1,79,527 units across seven cities in 2021 from 1,38,344 units last year. In 2019, housing sales stood at 2,61,358 units across seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata.
As soon as the proceedings began, Speaker Babasaheb Kupekar urged Bharatiya Janata Party MLA Girish Bapat and Congress legislator Chandrakant Chhajed to remove their helmets and said the government has taken note of their protest.
'Why has Maharashtra slipped up over the past couple of decades?' 'Not only is this question critical for residents of the state, but given that it accounts for 14% of India's GDP, a faster-growing Maharashtra implies a faster-growing India as well, point out Shishir Gupta and Rishita Sachdeva.
Given the high priority accorded to the manufacturing sector, several policy initiatives around the theme of Atmanirbhar Bharat have been set in motion to address its competitiveness and growth. Some notable examples include the PLI scheme and the employment-linked incentive scheme announced in the recent Union Budget. The Budget also announced the setting up of 12 industrial parks under the National Industrial Corridor Development Programme (NICDP).
'Not even in my wildest dreams did I think I would write a book one day.'
After some enforced slowdown in offtake during April-May 2024 due to elections, the cement sector is looking at a possible demand rebound which may help it to push up prices. The April'24 offtake was muted while May'24 saw some improvement with a likely 5-6 per cent rise in demand month-on-month (MoM). In June, some price hikes seem to have been taken, which suggests more sustained improvement in demand.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
Mutual fund houses have been on an equity buying spree in the past three months as they have invested a net amount of Rs 55,000 crore in them between January and March 2023. The number is more than double the amount deployed in the preceding three months (October to December), signalling improved valuations and favourable economic indicators. The valuations, which had peaked in October 2021, returned to its long-term average in March 2023.
Households are likely to remain the primary net lenders to the economy in the coming decades.
'Expunging remarks is within the powers of the Speaker.' 'Nobody can question or challenge the Speaker's decision.'
Lok Sabha Speaker Om Birla urged MPs on Monday to follow the prescribed format while taking oath or affirmation and not add words as it lowered the dignity of the Constitution.
"I want to send you my good wishes that you prepare so much that you get a chance to bring a no-confidence again in 2023," he had said while replying in Lok Sabha to the no-confidence motion in 2019, ahead of the general elections.
'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.'
The assembly also witnessed a brief adjournment after the ruling alliance members pointed to remarks of Jarange and alleged there was a conspiracy to create unrest in the state.
rediffGURU Anil Rego answers readers' personal income tax queries.
The Question Hour in Lok Sabha has been disrupted every day since March 13.
'Those betting against PSUs will likely be punished in this upswing.'
