So Much To Celebrate In This Festive Season

Evidently, the Indian consumer is unfazed by the gloomy pictures painted by commentators. Policy paralysis and governance gap are trendy phrases to use, but not much more than just that. Consider that listed Indian companies grew their top-line by an impressive 28% in the quarter ended September 2011 after a 27% growth in the previous […]

Diwali bonanza end buyers, builders

The .25 basis point hike in the repo rate will force banks to increase interest rates on home loans, further aggravating the current sales-crunch in the realty sector, spelling doom for all Diwali has always been considered as an auspicious and a good time by investors and builders alike. However, this festive season, it appears […]

Low mortgage rates elude ‘underwater’ homeowners

One in four homeowners with a mortgage — 11 million people — owe more than their home is worth. These “underwater” borrowers have virtually no shot at refinancing. Their plight is a drag on the housing market and the broader economy. The Obama administration is hoping at least 1 million of these borrowers will take […]

Markets slip 2%, IT weighs

Markets slipped 2 per cent this week amid mixed bag of earnings by India Inc and investors turning edgy over divisions between France and Germany on debt crisis ahead of European Union summit. The Sensex opened on a soft note after Reliance Industries second quarter results missed street estimates and touched a low of 16,669 […]

SME worry at bank loans

The Bank’s quarterly Trends in Lending report found that the total stock of lending to businesses fell by about £2.5bn in the three months to August. Credit conditions continued to be tighter for small and medium-sized enterprises compared to larger companies, according to the Bank’s networks of agents. Small businesses are using personal loan to […]