Home loan is a major financial commitment for homebuyers but, at the same time, it also entails huge risks for the bank. This is the reason why banks are very apprehensive about extending home loan to people who are close to retirement, regardless of their financial standing.
If you are looking to buy a car, this is the perfect time to bring home your dream vehicle. With GST (Goods and Services Tax) slated to be rolled out from July 1st, 2017, most automobile giants are offering huge “Pre-GST” discounts on a range of car models. Car companies are offering discounts from […]
With changing times the education system of our country is continuously evolving to meet the needs of this increasingly specialized world. A number of specialized courses and programs such as vocational training courses, undergraduate and post graduate degree courses are being introduced as a part of this evolution. The education system will be advancing and […]
A majority of homebuyers opt for home loans to fulfil their dream of owning a house. However, what if the buyer has enough funds to pay for the house in full? Should he still take a home loan? It is quite a debated topic among property experts. When you have extra funds to spare, why […]
FOMC Minutes Support Rate Hike “Soon” The minutes of the latest FOMC meeting revealed that the Fed feel it will “soon be appropriate” to raise rates again if “economic information came in about in line” with current forecasts. Investors have been steadily increasing their rate hike expectations as the Fed have turned more hawkish […]
Goods and Services Tax – the new revolutionary taxation system – is said to restructure the taxation method, making it more uniform across the country. While it is said that GST may bring down the prices of more than 80% of the products, it doesn’t necessarily hold true for the automobile sector. Most of the […]
General Motors (GM) has announced its exit from India by the end of this year, according to a report by Economic Times. The company had been operating in India for more than two decades under the brand name Chevrolet. However, during this span of 21 years, GM could acquire only 1% of the Indian automobile […]
Indian Automobile House, Tata Motors Ltd. (TML), signed a memorandum of understanding (MoU) with the Automobile industry giant, Volkswagen, to develop product components and futuristic vehicle concepts under joint partnership. Skoda Auto AS, on behalf of VW, will work with TML to make this a reality. This partnership has come as a backdrop of results […]
After the merger of State Bank of India and its associate banks, Indian banking industry is working on the next round of consolidation and public offers so that the banks can raise fresh capital. Next in the line is Punjab National Bank and Bank of Baroda, which might take over small lenders. According to the […]
The NPCI (National Payment Corporation of India) has reported that an estimated 25 lakh shops across India have started accepting card payments through PoS terminals. Of these, an estimated 10 lakh PoS machines across India were installed after the 8th November 2016 announcement. As per the State Bank of India, the addition of these PoS […]
