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Here are key highlights of Warren Buffett's address to Berkshire Hathaway's AGM
Sun, May 07, 2017
Berkshire Hathaway co-founder and CEO Warren Buffett while addressing the company's Annual General Meeting on Saturday healthcare, trade, stock buybacks, investment in Apple and IBM, among others.
Green Car Plan: Niti Aayog recommends lowering taxes, interest rates for loans on electric vehicles
Sun, May 07, 2017
Indian government's think tank Niti Aayog has recommended lowering taxes and interest rates for loans on electric vehicles, while capping sales of conventional cars, signalling a dramatic shift in policy in one of the world`s fastest growing auto markets.
Governor Haruhiko Kuroda says Bank of Japan facing ''challenging'' situation amid low inflation
Sat, May 06, 2017
The Bank of Japan's Governor Haruhiko Kuroda in a recently held seminar has said that the central bank is facing big challenges as inflation holds well below its 2% target, whereby underscoring the importance for the bank to maintain its massive stimulus programme.
Credit growth plunges to over 60 year low at 5% in FY17
Sun, Apr 16, 2017
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
RERA may revive real estate sector in second half: Experts
Mon, Apr 10, 2017
After May 1, when the Real Estate Regulatory Authority (RERA) is in place, the realty sector will likely see an uptrend with slight price correction, say industry players and stakeholders.
Govt lowers interest rates on small saving schemes like PPF, Kisan Vikas Patra, others by 0.1%
Fri, Mar 31, 2017
The government has lowered interest rates on small saving schemes like Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Scheme by 0.1% for the April-June quarter of the fiscal year 2017-18 (FY18).
Profits near flat at China's Bank of Communications, AgBank; pressures persist
Wed, Mar 29, 2017
China's two leading banks namely Bank of Communications (BoCom) and Agricultural Bank of China (AgBank) have reported modest annual profit growth on Tuesday.
RBI extends loan up to Rs 2 lakh against gold
Sat, Feb 18, 2017
The Reserve Bank has doubled the quantum of loan against gold that could be granted by Regional Rural Banks (RRBs) to Rs 2 lakh, provided the repayment period does not exceed 12 months. Earlier, the RRBs were permitted to grant gold loans up to Rs 1 lakh with bullet repayment option.
Interest rates seen on hold until late 2018 as RBI shifts to neutral: Reuters poll
Fri, Feb 10, 2017
The Reserve Bank of India will likely keep interest rates on hold until at least the second half of next year, according to a Reuters snap poll taken after the central bank`s shock decision to shift its policy stance to neutral.
GVA growth for 2017-18 is projected at 7.4 per cent, RBI said
Wed, Feb 08, 2017
The Reserve Bank of India (RBI) on Wednesday said that it is keeping repo rate unchanged at 6.25%.
Here are 20 key Budget 2017 terms that you need to know
Wed, Feb 01, 2017
Here are 20 key Budget 2017 Glossary terms that you need to know before you watch FM Arun Jaitley's Union Budget speech on Wednesday.
Trade deficit may be in range of $100-110 billion by March-end: Report
Thu, Jan 26, 2017
Care Ratings has projected India's trade deficit in the range of $100-110 billion by the end of March this year.
Home sales in India to drop 30% in 2017, Fitch warns
Wed, Jan 25, 2017
Fitch Ratings on Wednesday said that property sales in India will fall by at least 20-30% in 2017 owing to demonetisation and general caution on part of the buyer.
US consumer inflation continues rise at end of 2016
Wed, Jan 18, 2017
US consumer prices continued to rise in December, with one measure of price gains registering its biggest increase in two and a half years, the Labour Department said on Wednesday.
China to target around 6.5% economic growth in 2017: Sources
Mon, Jan 16, 2017
China will lower its 2017 economic growth target to around 6.5% from last year`s 6.5-7%, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.
Enquiries for home loans are now gaining momentum: Sevantika Bhandari, DHFL
Tue, Jan 10, 2017
With home loan interest rates falling to an all time low DHFL is looking more people to their buying decision.
UCO Bank cuts lending rate by up to 0.8%
Tue, Jan 10, 2017
Public sector lender UCO Bank today slashed its benchmark lending rate by up to 0.8 % in line with market competition. The bank has reduced marginal cost of funds based lending rate (MCLR) by 0.7 % to 8.60 % for 1 year tenor, UCO Bank said in a filing to stock exchanges.
Citi India reduces home loan rates by 0.7% to 8.80%; effective January 9
Fri, Jan 06, 2017
In a bid to provide competitive housing loan interest rates to home buyers, Citi India announced revision of its home loan rate by 0.7% on Friday.
5 tips for buying property post-demonetisation
Fri, Jan 06, 2017
In a surprise move to curb black money, corruption and terrorism, prime minister Narendra Modi on November 8 announced scrapping of old currency notes of Rs 500 and Rs 1,000 as legal tender from circulation resulting in cash crunch and chaos aross various sectors including real estate.
Note ban most disruptive policy innovation since 1991, says former RBI governor D Subbarao
Thu, Jan 05, 2017
Former Reserve Bank of India (RBI) governor D Subbarao on Thursday termed demonetisation as "creative destruction and the most disruptive policy innovation since 1991 reforms" that has helped destroy blackmoney.