Borrowers will have attractive interest rates with affordable EMIs and the option to choose a repayment tenor of up to 20 years. With this, Bajaj Housing Finance will offer a full suit of offerings in the housing finance sector covering all customer categories.
Real estate developer Puravankara has acquired a 7.26-acre land parcel in Hebbagodi, Bengaluru, for a luxury project, adding a potential GDV of over Rs 900 crore. With recent acquisitions in Mumbai, the group's total GDV is now Rs 1,550 crore. Strategically located near Electronics City, Hebbagodi is ideal for residential developments, catering to IT professionals. Puravankara plans to acquire 20 million sq ft of land by year-end for growth in Mumbai, Bangalore, and Delhi-NCR.
India's efforts to increase smartphone exports through the production-linked incentive (PLI) scheme face challenges due to high tariffs on input parts and barriers for global firms entering its value chains. Despite the PLI scheme's success in boosting smartphone production beyond domestic demand, these tariffs, averaging 7.4%, are significantly higher than in competitor countries like China's bonded zones where tariffs are 0%.
Prime Minister Narendra Modi mocked Rahul Gandhi by likening him to a child who is praised after falling off a cycle and boasting a score of 99. This came after Gandhi accused the BJP and RSS of promoting violence during a Lok Sabha debate, sparking protests. Modi and other BJP leaders criticized Gandhi, demanding an apology, while parts of his speech were expunged.
G M Breweries, Dharmaj Crop Guard, JK Paper, Pudumjee Paper Prod and Refex Industries, hit their fresh 52-week highs during the day.
Assam's flood situation remains critical, affecting over 6.71 lakh people in the second wave of flooding. Incessant rains cause widespread inundation and displacement. IAF rescues 13 stranded fishermen.
The UNCTAD nowcast predicts a stronger positive trend for the second quarter of 2024, projecting an approximate 2% increase for the first half of 2024. This increase is expected to add around $250 billion to goods trade and about $100 billion to services trade in the first half of 2024 compared to the second half of 2023.
Shriram Finance, Bharti Airtel, Kotak Bank, Tata Motors and IndusInd Bank were among the top losers on NSE in today's trade.
In Gujarat, a man tests an Ola electric scooter in flooded streets, sparking concerns about water damage risks from hidden dangers like potholes and sewer covers.
PM Modi criticized Congress in his Lok Sabha speech for failing to secure over 100 Lok Sabha seats in three consecutive terms. He accused them of avoiding introspection, engaging in constant attacks on BJP, and neglecting their role as the opposition in parliament.
Hyundai Motor India Ltd. plans to start gauging investor interest in the coming weeks, with a listing likely in September or October, the people said, asking not to be identified as the information isn’t public.
The Nifty Auto index closed 0.76 per cent down at 25130.85.
Indian equities rally may cool as technicals suggest overbought conditions for NSE Nifty 50 index. Investors optimistic due to Modi government's commitment to pro-growth policies. Global funds boost market with $3.1 billion in net purchases. June sees market recovery from selloff with increased bullish sentiment. Market value hits $5 trillion amid record-setting rally.
The Nifty IT index closed 1.17 per cent up at 37299.15.
Nvidia shares rose as much as 27% in June, boosting its market capitalization to $3.34 trillion, before giving up some of their gains later in the month, due to profit booking and concerns over its high valuations.
"Our prime minister remains silent, not even uttering a word, and the President's address failed to mention this. This silence is not normal," Akoijam said in his speech. He said over 200 people have died, and a civil war-like situation has ensued, with armed individuals roaming around, fighting each other, and defending their villages, while the Indian state has remained a mute spectator to this tragedy for one year.
The European Central Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly heading towards the 2% target, ECB policymaker Pierre Wunsch said in an interview.
The 30-share BSE Sensex closed down 34.74 points at 79441.45
The 30-share BSE Sensex closed down 34.74 points at 79441.45
Senior BJP leader Uma Bharti on Tuesday said Congress MP Rahul Gandhi behaved like an undisciplined student leader when he made his maiden speech as Leader of Opposition in the Lok Sabha, and must remember that he was now a "middle-aged man."
India's coal production surged by 14.49 per cent to 84.63 MT in June. Coal India Ltd's output was at 63.10 MT, up by 8.87 per cent from the previous year. Coal dispatch reached 85.76 MT, a 10.15 per cent increase, while coal stock held by companies rose to 95.02 MT, showing a 41.68 per cent annual growth. Coal stock at thermal power plants also increased to 46.70 MT, with a 30.15 per cent annual growth rate, underscoring the sector's efficiency.
