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The decision builds on the Pradhan Mantri-Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY) - launched in 2019 to confer ownership rights to residents of unauthorised colonies. Officials familiar with the development said that while the scheme enabled ownership through conveyance deeds and authorisation slips, the absence of approved layout plans had emerged as a key hurdle in allowing construction approvals and full regularisation. Delhi chief minister Rekha Gupta said the latest st ...Read More >
New Delhi, Apr 8 (PTI) Interest rate-sensitive realty, auto and bank stocks were in high demand on Wednesday, a day when the Reserve Bank of India kept its key policy rate unchanged, adopting a wait-and-watch stance as policymakers assessed the fallout from the Iran conflict on energy supplies, inflation and growth. A sharp rally in the broader equity market also aided buying in these stocks. Among realty firms, the stock of Lodha Developers surged 8.48 per cent, Prestige Estates Projects jump ...Read More >
New Delhi: The meeting of the Reserve Bank of India's Monetary Policy Committee concluded today. Several major decisions were taken during this meeting. Specifically, the RBI decided to keep the repo rate unchanged. The RBI has made no adjustments to the repo rate, maintaining the level that has been in effect for quite some time. Consequently, the repo rate has been fixed at 5.25 per cent, remaining exactly the same as before. Following this, the pertinent question arises: Will the RBI's decis ...Read More >
New Delhi, Apr 8 (PTI) Stable interest rates on home loans coupled with strong end-user demand will help real estate developers to sustain sales momentum, realtors' bodies CREDAI and NAREDCO on Wednesday said while hailing the RBI's decision to keep repo rate unchanged. The two associations, which have around 20,000 real estate developers as members, pointed out that the real estate sector could face the pressure of an increase in input costs because of the West Asia conflict, but asserted that ...Read More >
New Delhi [India], Apr 8 (ANI): Real estate developers and property consultants on Wednesday welcomed the Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent, saying the move will keep home loan rates stable and support housing demand amid global uncertainties. Industry players said the RBI's decision provides predictability for both developers and homebuyers at a time when construction costs remain under pressure due to global geopolitical tensions. Shrini ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent is likely to provide stability for mortgage rates, real estate industry leaders said on Wednesday. Shrinivas Rao, FRICS, CEO, Vestian welcomed the pause as a relief for developers and homebuyers as it will keep mortgage rates competitive when construction costs remain elevated over the ongoing West Asia crisis. Rao said the move could help cushion the impact of rising input cos ...Read More >
The Brihanmumbai Municipal Corporation (BMC) is set to present an amnesty proposal to the standing committee Wednesday, aiming to allow the issuance of occupation certificates (OC) for all residential buildings constructed before 2016. After several years of discussions, this initiative is expected to provide relief to around 12 lakh homeowners living in approximately 25,000 residential buildings across Mumbai. In December last year, the state government's Urban Development Department (UDD) app ...Read More >
New Delhi: The Reserve Bank of India has kept the repo rate unchanged at 5.25%, offering immediate relief to homebuyers and borrowers as loan EMIs are expected to remain stable for now. No Immediate Impact on EMIs With the repo rate unchanged, banks are unlikely to increase lending rates in the short term, meaning existing home loan borrowers will not see a rise in their EMIs. This move provides financial predictability and helps borrowers better manage their monthly budgets. The decision is ...Read More >
Mumbai: Aditya Birla Capital has moved a step closer to strengthening its housing finance arm, after securing a critical regulatory nod for a major capital infusion. Aditya Birla Capital Limited confirmed that the Competition Commission of India has approved its proposed Rs 2,750 crore primary investment in Aditya Birla Housing Finance Limited. The approval, granted via a letter dated April 7, 2026, enables the company to proceed with the transaction under the Competition Act, 2002. This marks ...Read More >
New Delhi (ABC Live): Competition approvals in India are often delivered in dry, technical language. This one does too. On April 7, 2026, PIB said CCI approved the acquisition by Indriya Ltd. of equity shares amounting to 14.286% of Aditya Birla Housing Finance Ltd. through a preferential issue on a private placement basis, calculated on a fully diluted, post-issue basis. PIB also described the acquirer as an investment holding company with no current operations in India. In contrast, it describ ...Read More >
New Delhi: The Competition Commission of India (CCI) on Tuesday approved Advent International's proposal to pick up a 14.3% stake in Aditya Birla Housing Finance. In February, the boards of Aditya Birla Capital and its subsidiary Aditya Birla Housing Finance (ABHFL) had cleared a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL from Indriya, an Advent International entity. "The proposed combination envisages acquisition of equity shares (by way of preferential issue on a priv ...Read More >
NEW DELHI: Chief minister Rekha Gupta lauded the central government for regularising Delhi's unauthorised colonies on an "As Is, Where Is" basis under the PM-UDAY scheme, noting that the new framework allows for the regularisation of 1,531 colonies without requiring layout plan approval. Furthermore, she mentioned that all plots and buildings within these colonies will be treated as residential. Addressing a press conference at the National Media Centre on Tuesday, she further mentioned that joi ...Read More >
New Delhi [India], April 7 (ANI): Chief Minister Rekha Gupta lauded the central government for regularising Delhi's unauthorised colonies on an "As Is, Where Is" basis under the PM-UDAY scheme, noting that the new framework allows for the regularisation of 1,531 colonies without requiring layout plan approval. Furthermore, she mentioned that all plots and buildings within these colonies will be treated as residential. Addressing a press conference at the National Media Centre on Tuesday, she fu ...Read More >
MUMBAI: India's banking, financial services and insurance sector, one of the most prolific advertisers in the country, delivered a split verdict on media in 2025. It spent less on television, held its nerve in print, turned up the volume on radio and deluged the internet with a ferocity that left every other medium looking pedestrian. The picture that emerges from TAM AdEx's cross-media report for the BFSI sector is of an industry in transition, still wedded to the news bulletin but increasingly ...Read More >
New Delhi: The latest round of layoffs at Oracle has left many employees in India dealing with uncertainty. Several accounts online suggest that the job cuts were sudden, with impacted workers receiving early morning emails instead of direct conversations. In some teams, employees across levels including managers were reportedly affected, making the situation more difficult for those caught off guard. While the company has not officially shared region-wise numbers, discussions across forums ind ...Read More >
New Delhi, Apr 4 (PTI) The country's second-largest lender HDFC Bank on Saturday reported a 12 per cent credit growth to Rs 29.6 lakh crore for the March quarter. Its total advances were Rs 26.43 lakh crore at the end of March 31, 2025, HDFC Bank said in a regulatory filing. The lender reported a 14.4 per cent rise in total deposits to Rs 31.05 lakh crore from Rs 27.14 lakh crore at the end of the fourth quarter of the preceding financial year. During the period, CASA deposits recorded a grow ...Read More >
Kolkata: Bandhan Bank said its collection efficiency for March improved to 98.9% as compared with 98.1% in December while assets under management rose 12.6% year-on-year. The ratio was arrived at after excluding the bad loan portfolio, the bank said, in a business update filing to stock exchanges. Collection efficiency measures the percentage of debt collection against the total amount owed. The Kolkata-based lender has been suffering from high stressed loans, arising largely on account of it ...Read More >
Summary Over the next three years, the first phase of the growth plan, the NBFC plans to venture into new product segments such as personal loans, gold loans and MSME loans. Mumbai: Fresh capital in hand after a change in ownership, Sammaan Capital, the erstwhile Indiabulls Housing Finance, is looking beyond mortgages to diversify its loan book and build a multi-product non-bank entity, according to managing director and chief executive officer Gagan Banga. "This is growth capital, we have cl ...Read More >
Mumbai, April 1: Oracle began a round of layoffs on March 31, affecting thousands of employees globally as the company restructures to support its heavy investments in artificial intelligence infrastructure. Among those let go was Dan Williams, who had spent 25 years at the software giant. In a LinkedIn post published shortly after receiving his termination email, Williams described the sudden news and offered a message of resilience to fellow colleagues facing the same situation. Williams, who ...Read More >
New Delhi [India], April 1 (ANI): The Credit Market Indicator (CMI) for supply rose in the December 2025 quarter, according to the gold-loan-credit-market. This upward movement in credit supply was primarily the result of a significant increase in gold loan originations across both volume and value. The report noted that "CMI for supply rose in the December 2025 quarter, driven by higher originations in Gold loans both by volume and value." Gold loan originations surged by 45 per cent in volume ...Read More >
The Punjab government has approved industrial reforms to simplify converting leasehold industrial plots and sheds into freehold. Cabinet Minister Sanjeev Arora said the conversion fee is set at 5 per cent, with a one-time stamp duty exemption for conversions completed by 30 April 2026. Measures also streamline documentation and post-allotment services. The Punjab government cleared a set of industrial reforms that changed how industrial plots and sheds were managed. Cabinet Minister Sanjeev Aro ...Read More >
MUMBAI: Gold loans have emerged as the top product in new originations and the second-largest retail credit book in India at Rs 16 lakh crore, trailing only home loans at Rs 44 lakh crore, according to credit bureau TransUnion Cibil, even as consumer durable loans, largely for mobile phones, have become the main entry point for first-time borrowers, replacing two-wheelers and priority sector loans. According to TransUnion Cibil's credit market indicator report, credit markets improved in the thi ...Read More >
Chandigarh: The Punjab govt has approved major reforms to its existing policy to streamline the conversion of industrial plots and sheds from leasehold to freehold status, industries minister Sanjeev Arora said on Tuesday.The amended policy fixes the conversion fee at 5% and offers a 100% stamp duty exemption for all conversions completed by April 30, 2026.To expedite the transition, the govt has simplified documentation by replacing notarised affidavits with self-declarations and allowing bank ...Read More >
The Bombay High Court has affirmed the Prevention of Money Laundering Act's (PMLA) supremacy over debt recovery laws like SARFAESI and RDB Acts in cases involving the attachment of 'proceeds of crime', clarifying the legal landscape for financial institutions and individuals. Key PointsThe Bombay High Court has ruled that the PMLA has an overriding effect over debt recovery laws like SARFAESI and RDB Acts concerning the attachment of 'proceeds of crime'.The ruling clarifies that debt recovery l ...Read More >
Mumbai, Mar 30 (PTI) The Bombay High Court has ruled that Prevention of Money Laundering Act (PMLA) holds an overriding effect over debt recovery laws like SARFAESI and RDB Acts when it comes to the attachment of "proceeds of crime". In a ruling delivered on March 23, the Nagpur bench of HC set aside previous orders by the PMLA Appellate Tribunal that had favoured the rights of banks to recover debts from attached properties. The bench of Justices M S Jawalkar and Nandesh Deshpande emphasised ...Read More >
Jorhat: The Tea Association of India (TAI) has urged the Assam government to address critical concerns related to land, wages, and imports before proceeding with key policy decisions impacting the tea sector, cautioning that unresolved issues could affect the industry's long-term sustainability. Addressing the 37th Biennial General Meeting of TAI's Assam Branch in Jorhat, the Association's president, Shailja Mehta, said the proposed land patta distribution to tea garden workers, though well-int ...Read More >
Bengaluru: In a shocking incident, an engineering student has mortgaged his friend's bank account details to cyber criminals to use it as a 'mule account' to transfer over ₹ 7 crore. However, when bank officials alerted the friend over a transaction of a huge amount in the account, he filed a complaint with Bagalakunte police, who arrested the Engineering student, identified as Ayush. A year ago, Ayush had befriended the complainant and they used to hang out frequently. Once, Ayush told the co ...Read More >
Srinagar: Police on Wednesday attached a property worth Rs 1.5 crore of a "notorious" drug peddler here that was allegedly acquired through the proceeds of illicit drug trafficking. The property was attached under the provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act in connection with a case registered at Shalteng police station, a police spokesperson said. He said the action followed a detailed financial investigation conducted in accordance with Chapter V-A of the NDPS ...Read More >
Mothers and their newborns participate in a workshop at the Maison de Naissance birth center in Bourgoin-Jallieu, France. (Jean-Philippe Ksiazek/AFP/Getty Images) BUDAPEST -- After years of people having fewer children, Europe is on the brink of a great contraction. Next year, the European Union expects its population to hit a peak before sliding into the first sustained decline on the continent since the 14th-century Black Death. That trajectory has raised alarms about shrinking workforces an ...Read More >
Synopsis: India's largest private bank is in focus today after RBI approved its group entities to together hold a maximum 9.5% stake in IndusInd Bank. This move is due to a regulatory requirement; let us see what more about this approval and what it stands for. This company, which is an Indian banking and financial services company headquartered in Mumbai. And India's largest private sector bank by assets and one of the world's largest bank by market capitalisation is in focus after RBI approve ...Read More >
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