The average rate on a 30-year fixed mortgage in the United States eased last week after climbing to its highest level in nine months, offering some relief to prospective homebuyers navigating a challenging housing market.According to Freddie Mac, the US-government-sponsored mortgage finance corporation whose weekly survey is widely regarded as a key indicator of US…
Billionaire industrialist Gautam Adani has regained the title of Asia’s richest person after a sharp increase in his net worth, driven by gains across listed Adani Group companies, ANI reported citing to Forbes report.Forbes reported that “Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries,” helping…
Private investment announcements surged to Rs 56 lakh crore in FY26 from Rs 37 lakh crore in the previous year, signalling strengthening capital expenditure momentum in the economy, according to an SBI Research report, reported ANI.In its latest Ecowrap report, SBI Research said, “Private investment announcements in FY26 is Rs 56 lakh crore from Rs…
A combination of tighter H-1B visa rules and widespread layoffs in the technology sector is contributing to a housing slowdown in parts of North Texas, according to a Bloomberg report. Areas such as Frisco, Prosper and Celina, which saw rapid growth driven by an influx of Indian technology professionals over the past decade, are now…
The Dharavi Redevelopment Project, one of the world’s largest urban regeneration programmes, presents a “massive execution challenge” for the Adani Group as it seeks to rehabilitate more than one million residents and build over 125,000 housing units over the next seven to eight years, ANI reported citing an HSBC Global Investment Research report.In a report…
India’s economic growth remains resilient and concerns that higher crude oil prices could significantly derail the economy are overstated, according to Neelkanth Mishra, India’s newly appointed Executive Director at the World Bank.In an interview with ANI, Mishra said India is better positioned than many other energy-importing economies to absorb elevated oil prices without suffering major…
AI generated representative image Ten years ago, India’s insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums.The Insolvency and Bankruptcy Code (IBC), enacted in…
The impact of the US-Iran conflict is no longer confined to oil markets and geopolitical headlines. It is now finding its way into kirana stores and supermarket aisles, where consumers are switching to smaller packs of everyday goods as monthly budgets are already facing pressure due to rising prices.Companies across categories such as edible oils,…
NEW DELHI: The Indian economy grew 7.8% in the Jan-March quarter as strong investment, sustained farm production and expansion of the construction and tertiary sector led to a robust demand, offsetting the anticipated adverse impact of the conflict in West Asia.Data released by the National Statistics Office (NSO) Friday with the revised 2022-23 base year…
MUMBAI: Bonds rallied after govt and RBI announced measures to encourage foreign investment in govt securities on Friday. The yields on benchmark 10-year govt securities (G-Secs) softened to 6.94% in early trades, from 6.99% on Thursday, after the govt said foreign portfolio investors (FPIs) would be exempted from long-term capital gains and withholding taxes on…