The average rate on a 30-year fixed mortgage in the United States eased last week after climbing to its highest level in nine months, offering some relief to prospective homebuyers navigating a challenging housing market.According to Freddie Mac, the US-government-sponsored mortgage finance corporation whose weekly survey is widely regarded as a key indicator of US…
Billionaire industrialist Gautam Adani has regained the title of Asia’s richest person after a sharp increase in his net worth, driven by gains across listed Adani Group companies, ANI reported citing to Forbes report.Forbes reported that “Gautam Adani’s fortune increased by roughly $2.5 billion on Friday as shares rallied across his Adani Group subsidiaries,” helping…
Private investment announcements surged to Rs 56 lakh crore in FY26 from Rs 37 lakh crore in the previous year, signalling strengthening capital expenditure momentum in the economy, according to an SBI Research report, reported ANI.In its latest Ecowrap report, SBI Research said, “Private investment announcements in FY26 is Rs 56 lakh crore from Rs…
A combination of tighter H-1B visa rules and widespread layoffs in the technology sector is contributing to a housing slowdown in parts of North Texas, according to a Bloomberg report. Areas such as Frisco, Prosper and Celina, which saw rapid growth driven by an influx of Indian technology professionals over the past decade, are now…
The Dharavi Redevelopment Project, one of the world’s largest urban regeneration programmes, presents a “massive execution challenge” for the Adani Group as it seeks to rehabilitate more than one million residents and build over 125,000 housing units over the next seven to eight years, ANI reported citing an HSBC Global Investment Research report.In a report…
India’s economic growth remains resilient and concerns that higher crude oil prices could significantly derail the economy are overstated, according to Neelkanth Mishra, India’s newly appointed Executive Director at the World Bank.In an interview with ANI, Mishra said India is better positioned than many other energy-importing economies to absorb elevated oil prices without suffering major…
Farmers in Maharashtra welcomed Centre’s decision to relax onion procurement rules. At the same time, they said, the move does not solve the main problem and have demanded a minimum procurement price of Rs 3,000 per quintal.They say the rates being offered by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and the…
Malda’s famed Himsagar mangoes expected a sweet export season, but received a sour twist. Dark spots due to a weather-induced disease have cast uncertainty over the export of West Bengal’s renowned Himsagar mangoes. Exporters have said that a major portion of the fruit may no longer meet overseas quality standards.The issue has been attributed to…
When the Strait of Hormuz tightened, many braced for $200-a-barrel oil. More than three months on, that nightmare scenario is still nowhere in the picture.The disruption, which removed more than 10 million barrels a day of Middle Eastern supply from the market, had fuelled warnings of crude prices soaring to as much as $200 a…
Household budgets are set to see another increase as domestic cooking gas prices have been raised by Rs 29 per cylinder, marking the second revision in three months as global energy costs continue to soar. From Sunday, June 7, the price of a 14.2-kg LPG cylinder in Delhi has increased to Rs 942 from Rs…
