The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
Home owners can go for reverse mortgage of their homes to make some money after they retire.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
The company has been given time till June by mortgage holders Reuben Brothers
The India-born nurse found hanged in London, days after a prank radio call by two Australian DJs to a UK hospital treating a pregnant Kate Middleton, has directly blamed them for her death in a suicide note.
The index widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank. In percentage terms, however, Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.
Yoga guru Ramdev, who had declined Padma Vibhushan award, on Saturday said that a lot of lobbying takes place behind the selection of Padma and even Nobel prize awardees and those with political influence succeed.
The country's largest bank, which has about 25 per cent market share, has also decided to do away with the charges on fund transfer through mobile phones using the IMPS from August 1.
As households age, they pile up debt, a peculiarity unique to Indians, a Financial Stability and Development Council report has found. Here are the key takeaways.
The bank's profit is buoyed by robust growth in its commercial banking and mortgage businesses.
'We are training people to learn AI, machine learning, robotics; it is just new programmes that teach them new things and the raw material, the people, are eager to learn.'
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
NSEL is the latest example of how Jignesh Shah's grand plans are coming unstuck.
CIBIL's new scoring system to rate borrowers keeping in mind the current trends and changes in the consumer profiles and credit data
Brokerage says earnings inflated, but mortgage lender rubbishes charges.
Three simple ways to reduce your loan burden.
Nitin Mukadam, CEO at N M Consulting suggests seven smart ways to finance your business.
The accumulated interest will increase the principal and you will have to pay a higher rate. Borrowers should take the restructuring plan only after they are convinced they have exhausted all other options.
Researchers in the three-country study found that in homes where women took control of money, nine out of 10 had savings compared with 82 per cent of families where men had greater responsibility.
Its consolidated net profit during the same quarter (January-March) a year ago stood at Rs 1,776.74 crore (Rs 17.76 billion).
Anthony Hopkins tells us how he became Hitchcock.
In August 2009, HDFC had issued warrants -- along with non-convertible debentures of Rs 10 lakh (Rs 1 million) each -- to qualified institutional buyers.
Most analysts had predicted a decline in real estate fixed asset investment.
Leaving behind the luxe life and dapper suits of foreign banks, Puri and his team at the upstart venture shared fizz drinks, wore a footwear brand popular among the middle class, shared a rat-infested space in a yet-to-be gentrified work space to plan and execute it.
Upset over political developments in Maharashtra, the Congress and other opposition parties boycotted Constitution Day celebrations in the Central Hall of Parliament and held a joint protest in front of the Ambedkar statue inside Parliament complex.
In insolvency proceedings, Ericsson will be treated as only an operational creditor and may end up losing the Rs 550 crore
Housing demand is likely to slow down due to higher prices and increased home loan rates in the current year, rating agency Fitch said on Monday.
Demanding withdrawal of the decision, the Communist Party of India said the government had opened up telecom sector when the country was 'yet to overcome the loot and losses due to 2G spectrum scam'.
Earnings and financial condition of only a few companies influencing sentiment.
An interview with executive director V Srinivasa Rangan.
According to sources familiar with the developments, the bank may sell more than Rs 3,000-crore (Rs 30-billion) worth of retail assets in India comprising mortgage loans, personal loans and loans to small businesses.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
As the rupee touched a record low, opposition on Wednesday questioned the government in the Lok Sabha on the steps being taken to tackle the situation as it feared that there could be a repeat of 1991, when India saw severe balance of payments problem and even had to mortgage gold.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
For a loan of Rs 20 lakhs (Rs 2 million) from Axis Bank, Varadarajan was asked to pay Rs 31,630 at one go or under a single-premium insurance plan.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
Need to classify clinics as industries.
An encounter with movie veteran Chandrashekhar.
Foreign institutional investors have offloaded shares worth nearly Rs 3,000 crore (Rs 30 billion) in 23 Indian companies, such as mortgage lender HDFC and Bombay Dyeing, among others, so far in 2011.
This is despite the private sector companies outperforming their public sector counterparts, reports Sachin P Mampatta.
