RATE CUT
Kotak Mahindra Bank cuts home loan rates to 6.65%
The move comes hours after home loan segment leader SBI cut its offering to 6.70 per cent. Home loan rates were already at a 15-year-low, as banks compete in a market with low credit demand. Interest rates are linked to borrowers' credit score and the Loan to Value (LTV) ratio, Kotak Mahindra Bank said.
State Bank of India (SBI) cuts home loan interest rates, offer ending on 31 March
State Bank of India (SBI) has reduced the interest rate on ...
20% cut in circle rate draws buyers of luxury property in South Delhi
The recent 20% cut in circle rates in residential, commercial and indus...
Crude oil price hits 13-month high supported by supply cuts, demand optimism
Analysts caution that the fast run-up in oil prices has driven both crude futures contracts into overbought territory.
Brent approaches $60 per barrel mark as supply cuts, stimulus hopes lift prices
Brent crude for April touched a high of $59.95 a barrel and was at $59.85 by 0041 GMT, up 51 cents, or 0.9%. Front-month prices last hit $60 on Feb. 20, 2020.
Delhi government cuts circle rates of properties by 20 per cent
The circle rates related to residential, commercial and industrial properties in Delhi have been reduced by flat 20 per cent across all categories of colonies and areas till September 30, 2021, a city government official said.
Boost for real estate: Delhi govt cuts property circle rates by 20% for six months
The Delhi Government on Friday announced a 20% reduction i...
Fitch cuts outlook on Kuwait's debt rating to 'negative' on state treasury liquidity risk
The rating agency said the outlook change reflects near-term liquidity risk associated with the imminent depletion of liquid assets in the General Reserve Fund (GRF) in the absence of parliamentary authorisation for the government to borrow.
No cut in excise duty on petrol, diesel; tweak in rates to accommodate agri cess
Besides the tweak, the Budget proposed monetisation of oil and gas pipelines of gas utility GAIL and oil refiners Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL).
Budget 2021: CropLife India demands GST rate cut on agrochemicals and focus on R&D
"The government should also simplify requirements under GST by allowing companies to adjust input credit of one state against the tax payable situation in another state as GST is a central levy." CropLife India CEO Asitava Sen said.
‘No room for RBI to cut rates despite sharp fall in inflation’
Inflation measured by the Consumer Price Index (CPI) eased to 4.59% in December, more than what the market expected, compared with 6.93% in November. Core inflation, which does not factor in food and oil prices softened to 5.2% against 5.4% earlier.
Rate cuts alone may not be enough to revive capex investments
An assessment of the bank-lending channel on monetary policy transmission by the Reserve Bank of India economists suggests that an investment decision on fixed assets by firms would depend on the liquidity positions of the lending banks.
New solar policy cuts power rates in Gujarat
“Currently, the industry gets power at an average cost of Rs. 8 per unit. The new policy will help bring it down to Rs. 4.5 per unit,” Gujarat Chief Minister Vijay Rupani said
Robinhood cuts margin interest rate to 2.5%
The rate cut is part of the company's overall goal to lower the cost of investing, Robinhood said in a statement, and is the latest competitive move by the popular trading app.
Boeing again cutting widebody production rate
Boeing's Greg Smith also told a conference that there is no "normal profile" currently for jet pre-delivery payments or PDPs, which are tied to production rates.
