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Launching of Online Portal (26-Jan-2018)

Launching of Online Portal (26-Jan-2018)

As we know, Republic Day is celebrated in India on 26th January every year .On this day in 1950 India adopted its own constitution and became a Sovereign Democratic Republic. The Republic Day is celebrated with great enthusiasm throughout the length and breadth of the country.To join this celebration and to make this day special, … ...
HDFC Life Q3 PAT up 14.77% at Rs 207.32 crore

HDFC Life Q3 PAT up 14.77% at Rs 207.32 crore

MUMBAI: HDFC Life today reported a 14.77 per cent growth in profit after tax (PAT) at Rs 207.32 crore for the quarter ending December 31, compared to the same period last year. The private insurer’s PAT stood at Rs 180.63 crore in the same quarter last year, it said in its BSE filing. This is … ...
Buy ICICI Prudential Life Insurance Company, target Rs 440: Kunal Bothra

Buy ICICI Prudential Life Insurance Company, target Rs 440: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on ICICI Prudential Life Insurance Company with a target price of Rs 440. The current market price of ICICI Prudential Life Insurance Company is Rs 419.05. Time period given by the analyst is ‘Intra Day’ when ICICI Prudential Life Insurance Company price can reach defined target. Kunal … ...
Budget 2018: Why government may increase section 80C limit

Budget 2018: Why government may increase section 80C limit

In the upcoming budget, the government may announce certain measures that can increase your take-home pay which will allow you to save more. Although there are several measures that the government may introduce, one way of doing this could be increasing the section 80C limit of the Income-tax Act, 1961. Out of the various deductions … ...
Axis looks to foray into life insurance business

Axis looks to foray into life insurance business

NEW DELHI: Axis BankBSE 3.41 % is looking to acquire a life insurance business, said people with knowledge of the development. The bank’s executive committee had approved the move in the December quarter, they told ET. Among possible targets are IDBI Federal Life Insurance and Tata AIA, they said. “The bank has appointed a leading … ...
Haryana: 4,595 girls given Rs 3.90 crore education loan

Haryana: 4,595 girls given Rs 3.90 crore education loan

Chandigarh: To provide monetary assistance to meritorious girls of the state, Haryana government has disbursed Rs 3.90 crore to 4,595 female students under the education loan scheme. The loan was given by Women Development Corporation (HWDC) of Haryana during the current financial year. The scheme is being implemented to encourage girls of the state to pursue … ...
More banks cut rates by up to 0.9%

More banks cut rates by up to 0.9%

In a move that will help bring down the cost of home, auto and other loans linked to the marginal cost of funds-based lending rate (MCLR), more banks slashed their benchmark lending rates on January 4, 2017. Following this reduction, the one-year MCLR rate of state-owned Canara Bank has come down to 8.45%, down by … ...
Now is the time to book your dream home as property prices are set to head north

Now is the time to book your dream home as property prices are set to head north

The real estate sector has seen one of the worst times post-demonetisation with sales falling across the country, bringing down home prices. With the financial system having been successfully remonetised to a large extent, what is the outlook for the sector in the coming financial year? Will activity in the real estate sector pick up … ...
RBI lets benchmark lending rate stay unchanged at 6.25%

RBI lets benchmark lending rate stay unchanged at 6.25%

The Reserve Bank left its benchmark lending rate unchanged at 6.25%, on April 6, 2017, for the third policy review in a row, citing upside risk to inflation. It however increased the reverse repo rate at which it pays to lenders, by 0.25% to 6%, narrowing the policy rate corridor. Given the upside risks to … ...
Home prices to pick up in Q1 of FY18, perfect time to buy: House of Hiranandani Chief

Home prices to pick up in Q1 of FY18, perfect time to buy: House of Hiranandani Chief

New residential project launches would get impacted in the first quarter of the financial year due to the implementation of new rules (GST rollout RERA), so the demand for available inventory and ready-to-move-in homes will, therefore, increase. This is the perfect time to buy property, Surendra Hiranandani, Chairman & Managing Director, House of Hiranandani said in … ...
5 Things That Affect Your Home Loan EMI

5 Things That Affect Your Home Loan EMI

A home loan helps us meet one of our most important life goals – owning our own dream home. Over time, buying a home has become easier due to several home loan options in the market, falling interest rates and government schemes aimed at ‘Housing for all’. However, taking a home loan is one of … ...
This is a great time to take a home loan. Here’s why

This is a great time to take a home loan. Here’s why

Last week, the Reserve Bank of India reduced its repo rate yet again. With the 25 basis points reduction, the repo rate is now at 6 percent. Since mid-2014, this is the seventh time the RBI has reduced the lending rate in response to various macroeconomic factors. Not just that, banks now are proactively reducing … ...
Private Equity Investments In Real Estate To Cross $4 Billion

Private Equity Investments In Real Estate To Cross $4 Billion

Mumbai: Private equity inflows into the realty space may set a new milestone and exceed  $4 billion this year, says a report. Most of this investments are into pre-leased office and retail assets, a major shift from residential sector, showing the low risk appetite of investors, says a Knight Frank report, adding over 80 per cent … ...
Rentals Give Impetus to Real Estate, Surge by 5% in 8 Major Cities

Rentals Give Impetus to Real Estate, Surge by 5% in 8 Major Cities

Mumbai: Housing prices rose by up to 2 per cent while rentals increased by up to 5 per cent in the country’s eight major cities during the July-September quarter, year-on-year, according to realty portal 99acres. Hyderabad’s housing market witnessed 2 per cent rise in capital values while rental moved up by 5 per cent. 99acres.com released … ...
Developers and UP govt disagree over implementation of RERA

Developers and UP govt disagree over implementation of RERA

LUCKNOW: The state government and the real estate developers engaged in a fresh bout of disagreement on Sunday with UP chief minister Yogi Adityanath asking the developers to get themselves registered under Real Estate Regulatory Authority (RERA) act through a web portal scheduled to be launched on July 26, while the latter claiming of the … ...
How will RERA impact home buyers

How will RERA impact home buyers

The Real Estate (Regulation and Development) Act, 2016 (RERA) is an Act passed by the Indian Parliament. The RERA seeks to protect the interests of home buyers and also boost investments in the real estate sector. Some of the important compliances are: Informing allottees about any minor addition or alteration. Consent of 2/3rd allottees about … ...
This Delhi-Based Developer Is the Richest Real Estate Tycoon in India

This Delhi-Based Developer Is the Richest Real Estate Tycoon in India

New Delhi: DLF Chairman K P Singh is the richest real estate tycoon in the country with a fortune of Rs. 23,460 crore, followed by Lodha Group Chairman M P Lodha, according to a report. Hurun Report today released its ‘GROHE Hurun India Real Estate Rich List 2017’. “Kushal Pal Singh, 87, the wealthiest real estate baron in India, … ...
Smart City Mission

Smart City Mission

New Delhi: The Narendra Modi government’s flagship smart city mission is running at a very slow pace with only 5.2 percent of the total identified projects being completed in the last two years, a newspaper report has said. Under the Smart City Mission, 90 cities have so far been identified through three rounds of competition for implementing … ...
SC asks Jaypee to file list of ongoing housing projects in the country

SC asks Jaypee to file list of ongoing housing projects in the country

New Delhi: The Supreme Court on Wednesday asked Jaiprakash Associates Ltd (JAL) to file list of its ongoing housing projects in the country. The apex court has also ordered creation of a portal for registering grievances of homebuyers of JAL. Reiterating its direction restraining JAL directors from alienating their personal properties, the top court said … ...
GST Council meet on 18th jan

GST Council meet on 18th jan

 Inclusion of real estate, cut in tax rates may bring cheer before Budget for public Just two weeks before the Budget, GST Council is expected to consider a reduction in tax rates for some items, about 80 going by some reports, and the inclusion of real estate in its 24th meeting6. The meeting comes amid … ...
Udai Kumar appointed as full-time MD and CEO of MSEI

Udai Kumar appointed as full-time MD and CEO of MSEI

Udai Kumar has been appointed as full time Managing Director(MD) and Chief Executive Officer(CEO)  of Metropolitan Stock Exchange of India(MSEI) Ltd. His appointment was approved by SEBI(Securities and Exchange Board of India)  and comes after stringent shortlisting process and Interviews by the Selection committee. Prior to this appointment, he was given an interim charge after … ...
Union Cabinet increases limit for foreign investment in Stock Exchanges from 5% to 15%

Union Cabinet increases limit for foreign investment in Stock Exchanges from 5% to 15%

The union cabinet has given it’s approval for raising foreign shareholding limit from current 5% to 15% in Indian Stock Exchanges. The decision brings the investment limit of foreign entities at par with that of domestic institutions. This enhanced limit is for a stock exchange depository banking company insurance company and commodity derivative exchange. IMPLICATIONS … ...
Market pares gains from record highs ; Nifty below 10,850

Market pares gains from record highs ; Nifty below 10,850

 A government move to slash extra borrowing by 60 per cent to Rs 20,000 crore from Rs50,000 crore announced earlier gave the equity indices a lift to fresh peaks on Wednesday. ULTRATECH cement slips 3% as Q3 PAT falls 23% ADANI Ports Q3 profit pushed up 17% 5PAISA capital gets NOD for commodity trade NCDEX … ...
A protracted cryptocurrency crash would ‘spill over’ into stocks, Wells Fargo warns

A protracted cryptocurrency crash would ‘spill over’ into stocks, Wells Fargo warns

The crypto currency market’s largest player BITCOIN, tanked. It plummeted 20 percent over two days, recouped much of those losses and then plunged below $10,000 Tuesday afternoon on coin base. A two day selling frenzy isn’t what’s going to affect the stock market, according to Harvey. It’s what could transpire when a shock is deeper … ...
Buy Indian Bank, target Rs 410: Pritesh Mehta

Buy Indian Bank, target Rs 410: Pritesh Mehta

The Bank has reported a Gross Nonperforming Assets of Rs 9623.94 crore and net Non performing Assets .For the quarter ended 30-09-17, the company has reported a Standalone interest income of Rs 2902.34 crore,up 2.63 per cent from last quarter interest income of Rs 2827.87 Crore and down 0.59 per cent from last year same … ...
Upbeat global cues

Upbeat global cues

Asian stocks pulled off record highs on Thursday, with a rally on Wall Street supporting bullish investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent after rising as much as 0.4 per cent to a fresh peak. South Korea’s KOSPI was effectively flat Japan’s  Nikkei reached its highest level … ...
All eyes on GST Council meet

All eyes on GST Council meet

The good and services tax council is slated to hold 25th meeting on Thursday, where revision in tax rates over 50+ items such as bio-diesel, agriculture equipment and online services. Council may consider simplification of law, rules and procedure as the law review committee has suggested a slew of changes. It may also approve a … ...