1. Business & Economy

Business & Economy

HDFC hikes lending rate by 25 basis points; home loans to be costlier

Mumbai, India News Stream: India’s second largest private bank, Housing Development and Finance Corporation (HDFC) has announced 25 basis points hike in the retail prime lending rate (RPLR) on housing loans. The benchmark lending rate…

‘India seeks to restrict sale of Chinese phones cheaper than ₹ 12,000’

New Delhi: In a blow to the brands like Xiaomi Corp, India is seeking to restrict Chinese companies from selling devices cheaper than Rs 12,000 phone market in a bid to revive the prospects of…

Hyundai Motor sells 1 mn ‘green’ cars, shows data

Seoul: Hyundai Motor Group’s cumulative sales of eco-friendly vehicles surpassed the 1 million mark in July, 13 years after its entry into the green-car market, data showed on Monday. The automaking giant said its two…

India’s forex reserves rises after four weeks of fall

  Mumbai, Aug 6: India’s forex reserves rose around $2.4 billion during the week ending July 29, after falling for last four consecutive weeks, on the back of positive inflows by foreign investors in the…

Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

New Delhi:  Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told…

‘UK will collapse into a year-long recession by the end of 2022’

  London, Aug 4: The UK will collapse into a year-long recession by the end of 2022 — its longest since the 2008 financial crisis and as deep as the one in the 1990s —…

Average inflation rate highest in 2022, at 6.82%, since 2014

  New Delhi, Aug 3: Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all-India average inflation rate is highest at…

Spicejet in advanced talks with Middle East airline for stake sale

New Delhi, India News Stream: Budget airline SpiceJet is in advanced level of talks with a Middle Eastern Airline for a stake sale. According to sources said a big Middle Eastern airline has expressed interest…

Business & Economy

India losing growth momentum, miles to go before we recover

Recently, while updating its World Economic Outlook (WEO), the International Monetary Fund, downgraded India’s GDP projection for the current year by 80 basis points, from previous 8.2 to 7.4. It is bad news, but not…

Spicejet clears all outstanding principal dues of AAI

New Delhi: Low-cost carrier SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and cleared all outstanding principal dues of the airport operator. With this, SpiceJet will no…

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