The Brihanmumbai Municipal Corporation (BMC) on Wednesday urged the Bombay high court to dismiss actor Sonu Sood's petition seeking to restrain the civic body from carrying out demolition at his property in Mumbai.
Home loans also pose lower bad-debt risks for the banks than corporate loans.
In the excitement over the allocation of bank licences for the private sector, a new category of licence offered by the Reserve Bank of India (RBI) last year went almost unnoticed. That was when the RBI consolidated the rules for prepaid payment instruments (PPI), popularly understood as e-wallets or gift cards. In the process, the regulator has fast-forwarded a bottom-up card usage industry in India that is completely different from the world of bank-linked credit and debit cards.
Johnson's longstanding policy chief Munira Mirza, chief of staff Dan Rosenfield, principal private secretary Martin Reynolds, and communications director Jack Doyle all left their posts within hours of each other on Thursday, days after a damning investigation revealed that multiple parties took place at Downing Street while the rest of the United Kingdom was living under strict COVID-19 lockdown rules.
Fair trade regulator CCI has approved private sector lender Ratnakar Bank' proposal to buy Royal Bank of Scotland's credit card business, mortgage portfolio and banking operation in the country, saying the deal will not have an adverse impact on competition.
Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.
Housing demand has breached pre-COVID levels with 92 per cent year-on-year growth in sales during July-September period units across eight major cities, mainly on the back of stable prices, very low mortgage rates, property consultant Knight Frank India said on Monday. Releasing its India Real Estate Update for Q3 (July-September quarter) of the 2021 calendar year, the consultant reported that housing sales increased to 64,010 units from 33,404 units in the same period last year. In the previous April-June quarter, 27,453 residential units were sold. "The total residential sales of the top eight markets under review during Q3 2021, reached 104 per cent of 2019 quarterly average," the consultant said, adding that sales have breached pre-COVID levels.
Titan was the top gainer in the Sensex pack, rising over 3 per cent, followed by M&M, Reliance Industries, Axis Bank, TCS, Maruti and Infosys. NSE Nifty surged 122.10 points to 15,885.15.
There are overvaluation and excesses in many pockets of the market. This is most obvious in the IPO market, where loss-making companies have inflicted large losses on investors, observes Debashis Basu.
The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.
Kasam Shaikh is the fifth person in India and first from Maharashtra to receive the award for Microsoft Most Valuable Professional title in Artificial Intelligence.
'It is a shame for a woman to defecate in the open.'
Housing sales mostly declined during the first and the second wave of the coronavirus pandemic but prices did not fall in most of the cities but rather increased in some cities, according to the Economic Survey 2021-22. The pre-Budget document also highlighted that the housing demand recovered after both the waves on the back of pent up demand, low interest rates on home loans and reduction in stamp duty by some states. The survey has analysed the National Housing Bank's data on change in housing transactions in Q1FY21 (first COVID-19 wave) and Q1FY22 (second COVID-19 wave) over the pre-pandemic levels of Q1FY20. It also looked into change in housing prices index during this period.
Given its risky profile, the realty sector could collapse if the bull run fails to take off
Home prices firm up in 2015 in India.
'What has the impact of 40 years of warfare in Afghanistan been on us?' 'Afghanistan is marginal to India's future.'
The market's sensitivity to the US Fed's balance sheet changes makes it vulnerable to the possible tapering of the bond buying programme and the resulting stagnation or even shrinkage in the balance sheet.
The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain's Cairn Energy, which is seeking to recover $1.72 billion from New Delhi after winning an arbitration against retro tax. Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy. "Yes sir, an order has been passed by a French Court freezing certain Indian government properties in the case pertaining to Cairn Energy," he said.
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
What approach should you take when you decide your life insurance policy?
Banks and housing finance firms may seek legal mortgage as well as completion guarantee clause.
Marcus Smart had 28 points and 10 rebounds for the Celtics, who had a six-game winning streak come to a halt. Grant Williams added 17 points, and Derrick White had 15 points and eight assists. Boston was without Jayson Tatum (knee), Jaylen Brown (knee), Robert Williams III (knee) and Al Horford (personal).
'What matters to me is that the film is reaching out and touching hearts.' 'An 85-year old man and his 75-year wife, who had never stepped into a cinema, went to see The Kashmir Files.' 'That is my real achievement.'
To ensure the property right is not contested, one has to take various steps, including getting a bank NoC.
PM Modi had also taken a review meeting to take stock of how the preparations of India's athletes are going
It was women who unambiguously bore the brunt of the lockdown joblessness, says Kanika Datta.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
'The kind of tax which will be generated from the second pillar may far outweigh what we may be losing in the first pillar.'
If convicted, each defendant faces a maximum penalty of 30 years.
India's Arjun Atwal has turned up lighter, stronger and pain-free for this week's Rocket Mortgage Classic as he seeks to follow Phil Mickelson's example for longevity on the PGA Tour. Since becoming the PGA Tour's first Indian winner at the 2010 Wyndham Championship, Atwal has spent much of the last decade batting inconsistent form and career-threatening shoulder and wrist injuries.
The broader NSE Nifty too advanced 50.70 points, or 0.43 per cent, to close at 11,941.30.
Brookfield Asset Management will pay around Rs 29,000 per square foot for the 170,000 square feet of space in Jet Airways' two-floor office in Bandra Kurla Complex.
One small interest rate hike of one-quarter of a percentage point is unlikely to have much impact on your budget
Jhunjhunwala holds a stake in more than 30 listed firms.
The Pakistani military may shortly give Imran Khan the boot, substituting him with another puppet, predicts Lieutenant General Prakash Katoch (retd).
The ED, which is probing the DHFL promoters' role in financing funds to gangster Iqbal Memon (alias Iqbal Mirchi), said Kapil Wadhawan, former chairman and managing director of the debt-laden company, played a very crucial role in these "nefarious transactions" by way of money laundering.
Leading property developers, such as Oberoi Realty, Tata Realty and Infrastructure, and Hiranandani, have turned to redevelopment of existing buildings in the expensive parts of Mumbai as a way of augmenting revenue. Experts estimate that Mumbai's redevelopment projects could be worth Rs 30,000 crore. As such, they are not new. What is new is that the big developers are interested in them. Leading the race is Oberoi Realty, which has set up a separate team for these projects.
Provisions of long-term capitals gains tax is now applicable after only two years.
After retirement, the pressure on finances increases in the absence of regular income. Here are a few suggestions to ensure a smooth post-retirement life
