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Deepika Asthana
New Delhi, July 9, 2018
Online aggregators are doing much more than connecting the customer with the service provider. Their future depends on ability to keep innovating.


BusinessToday.In
New Delhi, July 5, 2018
To put things in perspective, India's largest lender SBI's home loan book reportedly stands at Rs 3.13 lakh crore - it is the market leader in the space, pipping the country's largest housing finance provider, Housing Development Finance Corporation (HDFC)


BusinessToday.In
New Delhi, June 29, 2018
The proposal, still at a nascent stage, envisages borrowers filling in relevant details online, based on which they will subsequently receive competitive offers from interested lenders.


Suresh Raina and Wai Leong Chan
New Delhi, June 25, 2018
Both sides should take the long-term view because this is more than a transaction


BusinessToday.In
New Delhi, June 10, 2018
Reserve Bank of India has hiked policy rates for the first time in four years. With lending rates set to increase, Business Today Deputy Editor Anand Adhikari explains how depositors, borrowers and lenders can benefit from the present scenario.


PTI
June 7, 2018



BusinessToday.In
June 7, 2018
Midcap and Small cap indexes which saw a rout during the last five months rose 1.40% and 1.96%, respectively. Banking stocks took the market higher with the BSE bankex rising 203 points or 0.69% to 29,663.  The index was the top gainer among 19 sectoral indices.


BusinessToday.In
June 7, 2018
While the country debates the impact of RBI's 25 basis points hike in the repo rate - the first hike in four years - the affordable housing segment has much to cheer about with the RBI raising the home loan limits for priority sector lending (PSL) by 25 per cent.


BusinessToday.In
June 7, 2018
Top gainers on the BSE bankex were Axis Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank. All 10 bankex stocks were trading in the green.


BusinessToday.In
New Delhi, June 7, 2018
RBI monetary policy: MPC hikes repo rate by 25 basis points to 6.25%, keeps stance neutralThe monetary policy committee of the Reserve Bank of India (RBI) on Wednesday decided to hike the repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance. All the members of RBI's MPC voted in favour of a rate hike. The verdict of six-member MPC, headed by RBI Governor Urjit Patel, came after three days of deliberations instead of the usual two days. This is the first time MPC has taken this long to reach a decision since its formation in June 2016. The increase in repo rate comes as a bad news for those who have borrowed from banks because it is likely to lead to an increase in the interest they pay on loans, be it home loan, car loan or personal loan. However, the neutral stance taken by the RBI will be a silver lining for the markets. Microsoft's Seeing AI app for visually impaired now supports Indian rupeeThe Seeing AI mobile application by Microsofft has included Indian rupee in the list of currencies that it can identify and narrate the denomination back. After the latest update, version 2.2, the application will be able to identify the currency notes in circulation as well as the new currency notes that were released over the course of past one and a half years. The Seeing AI app has been developed with visually-impaired users in mind. It identifies short text, documents, products, people, scenes, currencies, colour, handwriting, light and even images in other apps using the device's camera. Air India's 11,000 employees have not received May's salary so far; pay delayed for third month in rowIndia's national carrier Air India is going through a deep financial crisis, and recent incidents have only added to its woes. First, no bidder showed interest in buying the beleaguered airline. And now, the salaries of over 11,000 permanent employees working for the Maharaja are stuck for the month of May. Reports suggest the cash-strapped airline has failed to release salaries of its employees for the third month in a row. The management has not officially communicated the reason behind the inordinate delay to its staff.Govt clears Rs 8,000 cr relief package for sugarcane farmers, ups floor price to Rs 29 per kgThe Prime Minister Narendra Modi-led Cabinet on Wednesday approved a relief package of Rs 8,000 crore for the sugar industry, which would help cash-starved sugar mills to clear dues to cane farmers at the earliest. Of the total relief package, Rs 4,500 crore would be used for boosting ethanol production in the country. The package also includes government's last month's announcement of Rs 1,540-crore production-linked subsidy for sugarcane farmers to help millers pay cane payments.Amazon completes 5 years in India; offers Rs 250 cashback on shopping of Rs 1000 or moreFive years after it was launched on June 5, 2013, Amazon India has made significant strides. The Jeff Bezos-led Amazon.in claims to be the most visited shopping site in the country for the last two years. And as a return gift, the e-commerce major is doling out Rs 250 as cashback on purchase of Rs 1000 or more on payments made via any digital mode. In a letter, Amazon founder and CEO Jeff Bezos thanked customers in India for their support. The online retail behemoth said that people from 100 per cent serviceable pin codes in India have placed orders on its platform


BusinessToday.In
June 7, 2018
Banking stocks took the market higher with the BSE bankex rising 225 points or 0.77% to 29,685 in early trade.  The index was the top gainer among 19 sectoral indices.


Mail Today Bureau
June 7, 2018
The RBI on Wednesday raised its key policy rate for the first time in over four years to rein in inflation, a move which will translate into higher EMIs for home and car loans and make it costlier for business enterprises to borrow for increased investment.


PTI
June 6, 2018



BusinessToday.in
New Delhi, June 6, 2018
BusinessToday.In Editor Rajeev Dubey talks about how the repo rate is going to affect companies, people and economy after the Reserve Bank of India hiked the repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance. The increase in repo rate comes as bad news for those who have borrowed from banks because it is likely to lead to an increase in the interest they pay on loans, be it home loan, car loan or personal loan.


PTI
June 6, 2018



PTI
June 6, 2018



BusinessToday.In
June 6, 2018
The Reserve Bank of India's Monetary Policy Committee (MPC) today hiked the key repo rate by 25 basis points (bps) to 6.25 per cent. This means all bank loans are now likely to become more expensive.


BusinessToday.In
June 6, 2018
The monetary policy committee of the Reserve Bank of India (RBI) on Wednesday decided to hike the key repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance.


BusinessToday.In
New Delhi, June 1, 2018
This is the second time in a year that SBI has raised the MCLR. On March 1, it raised the lending rate for one year by 20 basis points to 8.15 per cent from 7.95 per cent.


PTI
May 31, 2018



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