Asian banks, especially the ones engaged in realty and home segment, will be significantly affected due to volatality in the global markets.
The US sub-prime lending crisis forced Mumbai-based WNS Holdings to revise its net income guidance by 60 per cent, and this is worrying the $8 billion business process outsourcing sector players and analysts.
Dan Denning analyses the correlation between the soaring oil prices and banking rates in the Western world.
How to unload your property during a real estate downturn.
What the Indian economy looks like next January will influence her view on India, not her genetics, notes Shekhar Gupta.
The data is expected to form the basis for policy decisions such as rationalising stamp duty, capital gains tax, municipal tax and determining mortgage rates.
Companies think they are too big to bow before regulators.
It's simple. To begin with, just keep your credit habits in check
Saffron, a contact centre in the telemarketing industry, is recruiting Senior Sales Officers, Sales Officers and Sales Trainers.
It may be recalled that the Gujarat government had introduced Prohibition of Transfer of Immovable Property and Provision for Protection of Tenants from Eviction from Premises in Disturbed Areas Act, Gujarat in 1991 after the communal riots to prevent distress property deals between members of different communities and ghettoisation. The Act had around 20 police stations under its jurisdiction in Ahmedabad.
High lending rates triggered by Reserve Bank's tight monetary policy have tranquilized the country's property market, but demand will surge once rates dip, real estate firm DLF Ltd's chairman K P Singh said on Tuesday.
In the event of a dramatic tightening of credit, some of the sources of capital like Foreign Institutional Investors, Foreign Direct Investment and External Commercial Borrowing, could dry up.
The gold rally can be attributed largely to fears of further losses in traditional investments that are highly leveraged on a problematic subprime mortgage market, pushing investors towards safe assets such as gold.
It is time for regulators to pool efforts to standardise valuation and risk assessment methodologies used by credit rating agencies.
'While the farmers are reeling under a huge debt burden, crop loss due to locust attacks and erratic rainfall, the state is also facing a COVID-19 challenge.' 'In this situation, you have Congress and BJP MLAs trying to outwit each other in a game of thrones'
Merrill Lynch is seeking to expand its presence in emerging market economies such as Brazil, Russia, India and China as it looks for new sources of growth to mitigate the downturn in US markets, John Thain, Merrill Lynch's chief executive, said on Wednesday.
The Sahara Group has sought Supreme Court's permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate's jailed chief Subrata Roy.
Most plans offer a sum assured that reduces as your outstanding home loan comes down every year.
Stocks may plunge because of the crisis in global markets and political moves back home. But the India growth story is still tenable and promises gains for the patient investor.
Insurance companies are expected to get greater leeway in investing policyholders' funds with the addition of mortgage-backed securities to the list of approved investments.
The fast moving consumer goods index was the lone survivor -- gaining 3.24 per cent. Tobacco-to-hotels major ITC rose on account of its better-than-expected quarterly results.
Domestic stocks are likely to face another challenging session tomorrow after Asian stocks slumped to their three-month lows on Wednesday and following cues from the US, which indicated a slowdown in consumer spending.
Stock investors can expect another rollercoaster ride on Dalal Street this week as the equity markets remain vulnerable to meltdown in the US sub-prime mortgage
The loan is completely hassle-free and transparent.
Standard Life has raised its stake in an Indian life insurance joint venture to 26 per cent ahead of a proposed flotation of the business on the Indian stock exchange in 2009.
Housing is not the sole problem. Instead of sub-prime, it is the Alt A loan portfolio that is at risk. Banks are not recognising the second lien on homes and mortgage rates have not fallen to the extent of interest rates. Taxpayers are borrowing more against their 401(k) savings. High crude prices are giving markets a rude shock. Outstandings in the derivatives segment are higher compared to earlier months and we happen to be in May, a notoriously bad month for equities.
The first step is to estimate the retirement corpus you would need and to compute the approximate amount you can set aside every month, says V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance
the ratings agencies have been inconsistent in their treatment of China and India. Given this record -- what we call Poor Standards -- my question is: why do we take these rating analysts seriously at all?," Chief Economic Adviser Arvind Subramanian said on Thursday.
HDFC Managing Director Keki Mistry said: "We entered into simple hedging transactions and not exotic derivative transactions. The MTM gain cannot be recognised, as these transactions have not yet matured. The gains or the losses will be realised only after these transactions mature and the loans are paid back." This is why the housing finance company has not recognised the MTM gain in its profit and loss account.
Crumbling home prices and $100 oil helped Wall Street's highest earners pull in $19 billion last year.
If there is indeed a slowdown, it is unlikely to be confined to the export sectors.
"Though some of our clients are affected, they have not reduced their work (IT outsourcing) with us. We just have to watch the situation," company's chief executive officer and managing director S Ramadorai said.
Is the bull market in commodities over? The 75 per cent reduction in the Federal funds rate and big rally in the stock market has some wondering if the whole cycle of monetary stimulus may be almost finished.
The RBI is of course fighting tooth and nail to hold interest rates while every constituency, political, business and economic is baying for lowering them. So far, the RBI has held on admirably. Whether it will manage to hold on is a question mark. I strongly feel it should, because high interest rates are the last reason growth will be affected. The good news is that an economic slowdown may exert pressure on asset prices, both in the commercial and non-commercial space.
"The decision will be left to the wisdom of the authority at that point of time."
'We do not know when we will get to the business-as-usual mode.' 'Many borrowers may not be able to pay up.' 'The incidence of cheque bouncing has doubled or even trebled, some lenders say,' says Tamal Bandyopadhyay.
In an outbreak of communal violence, 25 houses were torched and as many ransacked in three villages of Howrah district on Monday after which curfew was clamped in the riot-torn areas. Superintendent of Police Niraj K Singh said trouble erupted on Sunday night when a person went to a jewellery shop owned by Ashis Parui and told him to mortgage some gold ornaments.
The House has been adjourned until 1400 hours.
The Bombay high court has ruled that LIC has to honour claims made by lenders, that is banks, non-banking finance companies and financial institutions, if an LIC policyholder defaults in repaying the loan to the lender.
ICICI Bank will offer car loans at 13-13.25 per cent on a floating basis. HDFC will offer home loans at 10.50 per cent and SBI is also expected to cut retail interest rates.
