A businessman turned-swami has gone on a fast unto death in upstate New York to prevent a local bank from foreclosing his ashram.
The Congress expressed its 'whole-hearted' support to the 'Bharat bandh' called by farmer unions against the new agri-marketing laws and announced that it will hold protests that day at all district and state headquarters in solidarity with the demands of the farmers. TRS president and Chief Minister K Chandrasekhar Rao said the party rank and file would actively participate in the bandh to ensure it was a success.
Ratan Tata's Tata Steel has been ranked 90th, while mortgage lender HDFC cornered the 92nd position in the world's 100 most sustainable companies list, Forbes said attributing this to the Toronto-based Corporate Knights.
Most of the NBFCs do not take public deposits but that does not mean they cannot create systemic risks. The banking system has at least Rs 57,000 crore exposure to IL&FS. Haven't the banks invested public money in IL&FS papers, asks Tamal Bandyopadhyay.
Citigroup plans to launch a $200 million fund for small-business lending in low and moderate income communities.
Had she succeeded at anything else, the Harry Potter series may have never been created, author JK Rowling told Harvard graduates. Excerpts from her commencement address.
Amazon India, Flipkart and Snapdeal are currently locked in a battle for market leadership in the burgeoning Indian e-commerce sector.
'There is a misconception that gold is a dead asset in India.' 'Around 30 per cent of agriculture loans are collateralised by gold, Soumya Kanti Ghosh and Saket Hishikar, economists at the SBI, point out.
The Greece package is aimed at rescuing foreign investors and delays the inevitable "rolling crisis" in that country
Mortgage major HDFC and ICICI Bank also discontinued with their special home loan schemes, which offer lower interest (teaser) rate for the first few years of the credit period.
Infosys BPO Ltd, the business process outsourcing operation of Infosys Technologies, is looking at raising its headcount in the Americas through inorganic growth. The company is understood to be scouting for a strategic acquisition in the $40-60 million range either in Canada or the US, according to industry sources.
It has been decided to reduce home loan rate by 20 basis points.
Whether it is DLF in the National Capital Region, or Godrej Properties and Oberoi Realty in Mumbai or Sunteck Realty, Prestige Estates and Sobha Realty in Bengaluru, most top players have launched or lined up a slew of new project launches during this season.
Analysts recommend being selective in picking stocks.
Sluggish economy, high bullion prices and consumer shift towards cheaper gifting options such as electronic goods and mobiles have taken the sheen off gold
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
Price has been fixed at Rs 85.3cr
Strong risk management systems, a diversified loan portfolio and an impeccable track record make HDFC a safe bet.
Housing finance major HDFC on Thursday lowered its home loan rate to 8.25 per cent for the first year in its new dual rate scheme, commonly known as teaser loans, applicable on fresh loans.
Months after dismissing State Bank of India's special loan scheme as a gimmick, mortgage player Housing Development Finance Corporation has decided to follow the country's largest bank.
What's required is proper implementation of the rules and better coordination between market intermediaries such as stock exchanges and clearing members who play a key role in monitoring brokerages.
The auditors also said that the company is in the process of monetising its assets and has submitted a draft resolution plan to the consortium of bankers for restructuring its borrowings and also there have been discussions for stake sale by the promoters to a strategic partner with further equity infusion.
First-time home buyers have stayed away from the market ever since developers, in a bid to cash in on the market sentiment, focused on launching luxurious projects, bigger in size and priced beyond the reach of average buyers. Property prices across India more than tripled from 2003-07, owing to rising incomes, mortgage availability at inexpensive rates, higher tax benefits and speculators flocking to the market.
State Finance Minister Yanamala Ramakrishnudu also told reporters that TDP has decided to 'expose' the Centre on what it has done or not done to the state -- as promised in the AP Reorganisation Act, 2014 -- by putting out relevant facts and figures before the people.
It's worth a watch, Aarush S promises.
A 'down payment' simply put is the difference between the purchase price of a property and the mortgage loan amount. It underlines the buyer's commitment to complete the deal and indicates the buyer's fidelity in making the loan payments.
Beyond the macro data, there has been little enquiry into the profile of the indebted farmer households, says Shailesh Dobhal.
The bankruptcy filing of Lehman Brothers on September 15, 2008 brings back the most vivid memories of the crisis.
By the way, Federal Reserve chairman Ben Bernanke said while the banking and financial systems will need to stabilise first, at the moment he is seeing "green shoots". About time, considering all the fertiliser scattered around.
Economic confidence across the globe has halved since April 2007, with the general public's fear of a worsening economic situation driving the downturn, according to a survey of about 1,000 citizens in each of 22 countries by Ipsos Mori.
There is precious little that is even smile-worthy in this movie.
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The move draws a line under the Swiss government's rescue of UBS nearly five years after the bank threatened to collapse under the weight of more than $50 billion in losses on mortgage securities.
Deepak Parekh is likely to step down as the executive chairman of Housing Development Finance Corporation (HDFC) by the end of the year. He is expected to take over as the non-executive chairman of the country's largest mortgage player.
The World Bank on Monday forecast India's economy to expand by 5.1 per cent this fiscal, the slowest in six years, although the country has consistently outperformed the multilateral funder's estimates in the past.
The prices of houses have come down by up to 30 per cent over the last four months but weak consumer sentiments continue to prevail resulting in subdued demand, says realty consultant Jones Lang LaSalle Meghraj (JLLM).
The directors who have come under the Company Law Board order are former chairman and founder of Satyam B Ramalinga Raju, erstwhile whole-time directors B Rama Raju and Rammohan Rao Mynampati, former CFO Srinivas Vadlamani and CS G J Jayaraman. They also have to submit details of their bank accounts and movable and immovable properties in India and abroad by February 20 this year.
Some of the indirect links between interest rates and the stock market and show you how they might affect your life.
When does a default actually happen? Does making a deferred or skipping the payment for a month or so constitute a default? Will your car be repossessed then?
The chairman of the country's largest private sector bank felt 80 per cent of the consumer loans were back, the remaining 20 per cent mostly unsecured loans had taken a back seat.
