By Chaitali Dutta I had taken a loan of Rs 20 lakh and repaid it last year. Now I want to take Rs 10 lakh as a loan against the existing property to buy some agricultural land. Will a bank issue such a loan and ask for the end-use of the money? —Alok Kumar This
India has the option to take up the matter of sanctions on 24 companies by the US with the World Trade Organisation (WTO) or International Court of Justice (ICJ) but is is more likely to engage in direct diplomacy with Washington to address its concerns, according to a report. Th country may seek exemptions for
While residential property sales saw a decline in Q3 of 2024, office leasing is going strong in top cities of the country. Anshul Jain, chief executive, India, Southeast Asia and APAC tenant representation, Cushman & Wakefield, shares his outlook for different property segments in an interaction with Raghavendra Kamath. What is the outlook on office
The ministry of coal has terminated the coal block development and production agreement on the Banai- Bhalumunda coal block with JSW Steel due to non-payment of performance security, the termination order available on the ministry’s website showed. As a result, the Rs 100-crore bid security submitted by the Sajjan Jindal-led steelmaker stands forfeited as damages
Warren Buffett is widely regarded as one of the most successful investors of the 20th century. Over the years, Buffett, now 94, has shared a wealth of knowledge about the principles that have guided his remarkable success. So, how did he achieve such impressive results and become one of the richest people in the world?
EICMA 2024 turned out to be a global exhibition of some of the best upcoming two wheelers in the global market. Manufacturers from all over the world showcased some exciting products including production-ready as well as concept models. Ducati is one of the prominent names in EICMA and this year it had a wide range
In recent years, the luxury residential market in Delhi-NCR, especially in regions such as Gurugram, has undergone a significant transformation, largely due to improved amenities and infrastructure advancements. During the first half of 2024, Delhi-NCR accounted for an impressive 64% of luxury residential launches among the seven largest cities in India. According to an IPC
Following a tepid start, food-tech unicorn Swiggy’s Rs 11,327-crore initial public offer got fully subscribed on the final day of the share sale on Friday and ended with 3.59 times subscription, largely thanks to qualified institutional buyers (QIBs). It received bids for 575.3 million equity shares against 160 million shares on offer, according to NSE
Many major banks, including State Bank and PNB, have either revised their fixed deposit (FD) rates or launched new products for super senior citizens (those aged 80 years and above) recently. Usually, banks offer super senior citizens 25 to 75 basis points (bps) higher than the regular rate offered to the general public. Here’s a
Tata Elxsi Ltd on Thursday announced its fiscal third quarter results with profit at Rs 199.01 crore, posting a drop of 3.59 per cent in comparison to Rs 206.43 crore recorded during the same quarter of previous financial year. It posted revenue from operations at Rs 939.17 crore, up 2.73 per cent as against Rs
Tata Consultancy Services’ attrition rate for the last twelve months stands at 13% for the quarter under review. The IT giant’s headcount shrank by 5,370 in Q3 FY25 standing at 607,354. The company’s attrition rate was 12.3% in the previous quarter of the same financial year with a total workforce of 612,724. “We continue to
Indian equity markets fell on Thursday, January 09. The BSE Sensex dropped as much as 0.77% to 77,542.92 level while the NSE compiled Nifty 50 slipped 0.78% to an intra-day low level of 23,503, testing one of the important support levels. The Nifty 50 closed the session 0.69% lower at 23,526.50. The Sensex dropped 0.68%
By Indra Chourasia and Natarajan R The Securities and Exchange Board of India (SEBI) has been considering a reframing of ownership and economic structure of clearing corporations (CCs) in the equities markets to diversify their ownership. Currently, these CCs operate as 100% owned subsidiaries of their parent exchanges. Given the vital risk management role played
