The average interest rate on a 30-year US mortgage edged slightly higher this week but remained close to its lowest level of 2025, offering limited relief to homebuyers amid a still-challenging housing market, according to data released by Freddie Mac.The average long-term mortgage rate rose to 6.16% this week from 6.15% last week, when it…
The government is working to introduce vehicle-to-vehicle (V2V) communication technology to help prevent road accidents by enabling real-time information sharing between vehicles, Union road transport and highways minister Nitin Gadkari said on Thursday, PTI reported.Addressing a press conference in New Delhi after chairing the annual meeting of transport ministers from states and Union Territories, Gadkari…
For self-occupied homes, the deduction for interest is capped at Rs 2 lakh a year – a figure unchanged since 2015. (AI image) Falling home-loan rates, increase in young population seeking to buy homes and a steady revival in residential sales have encouraged many to take the plunge into home ownership. Tax incentives continue to…
Representative file photo (Budget 2025) With more than Rs 1.52 lakh crore of customs duty locked in litigation, the government may consider introducing an amnesty scheme in the Union Budget for 2026–27 to bring closure to long-pending disputes and provide certainty to businesses, Price Waterhouse & Co LLP said on Thursday, PTI reported.The government could…
India-led International Solar Alliance (ISA) will continue working with its 125 member and signatory countries to advance solar energy deployment and climate objectives, official sources said, after the United States withdrew from the initiative, PTI reported.The Gurugram-headquartered ISA, a joint initiative of India and France, was launched on the sidelines of the COP21 climate summit…
The National Stock Exchange (NSE) is in discussions with the Indian Gas Exchange (IGX) to develop and launch Indian natural gas futures, an initiative aimed at strengthening the country’s natural gas market ecosystem, PTI reported.The proposed futures contract is expected to provide market participants with a transparent, efficient and robust risk management tool aligned with…
The rupee weakened by 7 paise to close at 89.94 (provisional) against the US dollar on Thursday, pressured by higher crude oil prices, sustained foreign fund outflows and a firmer greenback, PTI reported.Forex traders said the local unit also faced headwinds from renewed concerns over potential US tariff action and weak sentiment in domestic equities….
Gold prices opened lower on Thursday amid a mix of technical pressures and global macro cues, while silver traded higher. On the Multi Commodity Exchange (MCX), February gold futures slipped Rs 324 to trade at Rs 1,37,685 per 10 grams, reflecting mild profit-booking after recent volatility. The subdued trend in gold followed a choppy week…
Air India has taken delivery of its first Boeing 787-9 Dreamliner since returning to private ownership, signalling steady progress in the Tata Group-led overhaul of the airline’s long-haul fleet, PTI reported citing an official.The aircraft, handed over at Boeing’s Everett facility in Seattle on January 7, is the first “line fit” Dreamliner built specifically for…
As part of a wider overhaul, the government is also looking to revisit and recalibrate the duty structure governing transactions between special economic zones. (AI image) Budget 2026: The Narendra Modi government is looking to revamp the customs duty slabs and tariff structure in the Union Budget 2026. FM Nirmala Sitharaman is expected to present…
