Indians face COVID-19 with record debt, stalled income.
Crisis-hit HDIL on Tuesday said that loans taken from banks including Punjab and Maharashtra Cooperative Bank were in normal course of business after providing adequate security cover and that it is ready to discuss with the bank to protect the interest of depositors.
'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay.
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.
Police FIR reveals the bank had replaced 44 loan accounts of HDIL with 21,049 fictitious loan accounts. These 21,049 were actually not created in the core banking solution of the bank, but were mere entities in the advances master indent submitted to RBI for conducting its inspection for the year ended March 2018.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
While Waryam Singh was a non-executive director at HDIL, he is listed as one of the promoters of the company and had relations, including shareholding, with several other entities controlled by the Wadhawans, the HDIL founders.
'The virus of trust deficit seems to be taking a toll of the friendship built over the years by succeeding leaderships of the two countries,' notes Rup Narayan Das.
Around 23 per cent of all units sold by the company in the domestic market currently are diesel cars.
The national budget 2019-20 had an outlay of Rs 10,000 crore for Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to boost electric mobility and increase the number of EVs in commercial fleets.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
The interest offered is mostly 0.5 to 1 per cent more than what other banks offer. Moreover, customer service and long-term association spanning generations are also other reasons for the popularity.
It is, thus, logical that some compensation is paid to a lender, especially when a customer is poached within two years, Parekh noted.
'Investors need to understand that these schemes may not do well in the market that is in a bull run, but quality stocks would protect the downside.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Two esteemed foreign investors with huge funds are coming with us in our real estate and city development businesses.'
Security cameras showed a man dressed all in black scaling the sign around 3 am (local time) on New Year's Day and throwing huge black and white tarpaulins over the Os so as to change the shape of the letters.
Part of a focus on retail advances, as corporate demand remains subdued; could reverse if RBI raises repo next month
In a bid to strengthen its footprint in the country's property market, Tata Housing Development Company plans to develop 200 lakh sq ft area of worth $3 billion (over Rs 12,500 crore) in the next 4-5 years.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
With projects ranging from affordable to premium, Tata Housing Development Co Ltd says it expects to be among the top three real estate entities in the next five years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tremors were felt in Delhi and adjoining satellite townships on Wednesday afternoon for the third time in a fortnight. The epicenter of the quake, measuring 5.8 on the Richter Scale at around 12.30 pm, was located on the border between Jammu and Kashmir and Himachal Pradesh, the MeT Department said.
Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
Take note of aggressive ones, but don't base your investment decisions solely on these. Read on to know why...
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
To cost Rs 45 lakh all inclusive for one bedroom flat and Rs 65 lakh for two-bed room flat.
Keki Mistry, bottom, left, vice-chairman, Housing Development Finance Corporation (HDFC), tells Joydeep Ghosh that debt fund investors could become risk-averse, leading to problems for other non-banking financial companies.
But, despite the exits, RIL continued to top the list of stocks with maximum number of FII shareholders.
There are some tell-tale signs such as slowdown in construction or absence of communication.
Tata Housing Development Company on Monday ruled out pulling out of Maldives and is discussing with the government there regarding an alternate site for a housing project following plans to construct the Supreme Court on one of the allotted sites.
As part of the partnership, about 1,000 homes across projects in cities like Mumbai, Pune, Ahmedabad, Bengaluru and Chennai will be put up for sale on Snapdeal.
Despite the ups and downs, the home financier is able to sustain its spreads and report the same loan growth Q-o-Q; so predictable that analysts sometimes find it boring.
Housing Development and Finance Corporation had a net profit of Rs 1,337.38 crore (Rs 13.37 billion) in the October-December quarter of 2011-12 fiscal.
Three of those killed were charred beyond recognition, an official said.
Brace yourselves to shell out more for home loan instalments.
Earnings and financial condition of only a few companies influencing sentiment.
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