Giving a boost to affordable housing, the RBI on Thursday eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit.
First, the budget announcements to boost skills. Second, a surprise repo rate cut by the Reserve Bank of India to spur growth and investments — the job market is overflowing with positive sentiment.
With a number of non-governmental organisations (NGOs) coming under income tax scanner for not filing returns, the Institute of Chartered Accountants of India (ICAI) has told the government to bring them under a single and independent regulatory body.
China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signalled that the lowest rate of growth in a quarter of a century is the "new normal" for the world's No.2 economy.
The government has no immediate plans to divest its stake in the ailing national carrier Air India (AI), or bring in a strategic partner, minister of state for civil aviation Mahesh Sharma has said.
The government is considering a proposal to ban poaching of cockpit and cabin crew by rival airlines — a move is likely to help ailing national carrier Air India, which is currently facing a severe shortage of airhostesses, but may draw the ire of other airlines.
China on rsday lowered its economic growth rate target to about seven% for this year after it registered 7.4% GDP, the lowest in 24 years, as the world's second largest economy continued to slowdown weighed down by dropping exports.
Pharma tycoon Dilip Shanghvi on Wednesday surpassed Mukesh Ambani as the world's richest Indian with a net worth of $21.5 billion, two days after the RIL chief was ranked India's wealthiest.
A fag-end recovery in key frontline heavyweights Thursday led to a positive close for Indian markets after a day's breather with the benchmark Sensex gaining 68.22 points to end at 29,448.95.
Fast-food giant McDonald's announced on Wednesday it would stop serving chicken raised with antibiotics that are important to human health, as worries grow over resistance to crucial drugs.
Snapping its four-day falling streak, the rupee today recovered by 5 paise to 62.20 against the US dollar in early trade at the Interbank Foreign Exchange market on back of selling of the American currency by exporters.
The Reserve Bank of India (RBI) cut its main lending rate — the repo rate — by 0.25 percentage points in a surprise announcement on Wednesday rekindling hopes of home loan rates falling below 10% for the first time in seven years. RBI governor Raghuram Rajan expects banks to cut lending rates by April.
Expect your EMIs to come down soon as banks indicated they would take a call on reducing lending rates within the next few days, soon after RBI sprung a surprise 25 basis points (bps) cut in the repo rate.
Anil Ambani-led Reliance Infrastructure Ltd on Wednesday announced the acquisition of Pipavav Defence and Offshore Engineering Company Ltd with management control for an estimated Rs 820 crore.
The day witnessed aggressive bidding by all eight companies to acquire airwaves in four bands, the premium 900 MHz band, 1,800 MHz and 800 MHz has been put on sale, besides 5 MHz in the 2,100 MHz band, across 17 out of 22 telecom areas in the country.