The average interest rate on a 30-year fixed mortgage in the US edged slightly lower this week but continued to hover within a narrow range that has prevailed for nearly two months, offering only modest relief to homebuyers.The benchmark long-term mortgage rate slipped to 6.18% from 6.21% last week, mortgage buyer Freddie Mac said on…
MUMBAI: India’s bank depositor remains the predominant source of credit to the commercial sector, but their relative contribution is steadily declining as credit growth outpaces deposit mobilisation, data for Dec 2025 show.As of Dec 2025, total outstanding credit to the commercial sector (bank and non-bank) rose to Rs 297.9 lakh crore, while bank deposits stood…
Cash payments at toll plazas across national highways will be discontinued from April 10, according to a government notification, marking a shift towards a fully digital tolling system. The move follows an earlier proposal by the government to phase out cash transactions at all National Highway fee plazas. The transition has been planned to build…
NEW DELHI: Samajwadi Party chief Akhilesh Yadav on Thursday backed West Bengal chief minister Mamata Banerjee ahead of the 2026 Assembly elections, asserting that the BJP’s “conspiracy” would fail. He also predicted that the BJP would lose the Uttar Pradesh Assembly elections in 2027.Speaking to reporters in Lucknow, Akhilesh Yadav said, “In West Bengal, Mamata…
Multiplex operator PVR INOX on Monday said it has sold its premium snacking business operating under the 4700BC brand to FMCG major Marico in an all-cash transaction valued at Rs 226.8 crore, as part of a strategic move to monetise non-core assets and strengthen its balance sheet.The PVR INOX board approved the divestment of its…
António Luís Santos da Costa NEW DELHI: India and the European Union have concluded long-running negotiations on a landmark free trade agreement, a move leaders on both sides described as historic, as European Council President António Luís Santos da Costa highlighted his personal connection to India through his Goan roots.Costa, who led the EU delegation…
Arvind Kejriwal (File photo) NEW DELHI: Getting to know that his party’s MPs in Rajya Sabha could break away to join BJP only towards the end, AAP supremo Arvind Kejriwal made last-ditch efforts to salvage the situation by reaching out to most of them, but it proved a case of too little too late.That Sandeep…
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India and Oman are set to sign a Comprehensive Economic Partnership Agreement (CEPA) on December 18, a move that will deepen economic ties and anchor India’s expanding trade and strategic footprint in the Gulf, according to a report by the Global Trade Research Initiative (GTRI).The agreement, to be inked in Muscat during Prime Minister Narendra…
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