Many stocks (Nifty 50) opened deep into the red on August 26 following US Fed chairman Jerome Powell’s hawkish stance in regards to inflation. Tech Mahindra was the top loser in the markets, followed by Infosys, HCL Tech and Wipro. TCS and Hindalco along with JSW Steel were also top losers in the markets. Of
The housing market is a significant part of the economy in India, especially given its large population. The demand for new housing comes with the increasing demand for affordable loans. Lending institutions like state-owned banks account for over 60% of the credit provided, while privately owned banks have been able to grow their share by
Mumbai, 22 August 2022: Indian luxury housing has performed remarkably well post the pandemic, with overall sales rising steeply across the top 7 cities. Latest ANAROCK Research data finds that of approx. 1.84 lakh units sold in these cities in H1 2022, about 14% (approx. 25,700 units) were in luxury homes. Contrastingly, of 2.61 lakh units sold
The Indian festive season is a time of a lot of investment activity, and Ganesh Chaturthi is one of the ‘prime times’ on the Indian calendar to buying a home. Is it driven purely by religious sentiment? To a large extent, the answer is in the affirmative. But non-Indians often wonder – what guides this
Asian consumers optimistic about the future regarding both nation’s economy and their personal financial situation improving over the next 12 months as per the recent study. Philippines most positive on country’s economy improving within one year at 58 per cent, 23 per cent higher than the regional average of 35 per cent. It is also
In Finance Minister Nirmala Seetharaman’s words, India stands on the threshold of Amrit Kaal, or the ‘Era of Elixir’. Regarding the country’s real estate sector, we can be a little more restrained with such definitions. Still, there is little doubt that the industry has made remarkable progress since it attained independence 75 years ago. Real
Currently, India is focusing on the development of defense-related technologies. But the export aspect of the military has been important to investors. The Indian Defence Stock Hindustan Aeronautics Limited (HAL) was able to make a profit by 75% in 2022 because investments have paid off. Hindustan Aeronautics Limited (HAL) has been identified as the defence
As India prepares to celebrate its 75th Independence Day, it makes sense to check how independent Indian homebuyers really are today. After all, independence is more than just freedom from foreign oppression – this becomes clear if we look at some of the ‘advanced’ Western countries, where people are independent of foreign rule but still
We already know the importance of the Aadhaar card. Aadhaar card is important when filling income tax returns, to open a savings account in any bank, to apply for a new PAN card, etc. Since Aadhaar Card is also linked with your PAN card and bank accounts, it becomes immensely important when applying for a personal
A rate hike was expected, but the expectation was for a maximum of 35 bps. The hike by 50 bps is definitely on the higher side, and home loan lending rates will now edge further into the red zone. This is the third consecutive rate hike in the last two months and finally marks the
