Housing finance companies are likely to see a marginal dip in their loan sales growth to 12.3 per cent next fiscal in the wake of rising interest rates and property prices and the resultant moderation in home affordability.
Equity mutual funds can be a preferred option for investors looking to generate inflation-beating returns and build a corpus that can help them meet their financial goals like buying a property, children’s education and retirement.The idea is to stay invested for the longer term because historical data shows that when compared to BSE Sensex, gold and other traditional financial investments over 20 years, equities have emerged as a better asset class.
The Gross collection of Direct Taxes (before adjusting for refunds) stood at Rs. 13,63,649 crore compared to Rs. 10,83,150 crore in the corresponding period of the preceding financial year registering a growth of 25.90 per cent, a government data showed.
India Inc, which has weathered a spate of inclement tidings in recent years, stands firm even as inflationary pressures and tightening monetary policies have cast a shadow on global growth.
The Unique Identification Authority of India (UIDAI) announced that Aadhaar holders can now update their addresses online with the approval of their family head, according to a Ministry of Electronics & IT press release.
The Reserve Bank of India hiked its key lending rate by a more modest 35 basis points to 6.25 per cent, citing slowing inflation after three consecutive 50-bps (basis points) increases to manage price pressures that have remained persistently above the upper end of its target band.
US-headquartered global investment bank Houlihan Lokey is exploring a post-Covid investment situation in India. As mid-sized Indian firms are looking more aggressively towards global capital pools
The Reserve Bank's revised digital lending guidelines, which aim to protect customers from exorbitant interest rates charged by certain entities while also preventing unethical loan recovery practises, came into effect on Thursday.
India's foreign exchange reserves rose for the third straight week to cross $550 billion, weekly data released by Reserve Bank of India data showed.
Central bank digital currencies are digital tokens, similar to cryptocurrency, issued by a central bank. They are pegged to the value of that country's fiat currency.
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