As a generation, millennials have a very different take on homeownership than their parents or grandparents.

What started out as a debt default crisis at IL&FS has snowballed into a liquiditysqueeze, triggering panicky outflows from mutual funds and risk aversion atlarge.

The ongoing two-day RBI board meeting in Mumbai is expected to touch upon the liquidity squeeze gripping the non-banking finance companies. Concerned that this could cause the credit markets to collapse, putting the broader economy at risk, the government is reportedly pushing for additional contingency measures.

Though Paul Allen had been suffering from Hodgkin's lymphoma since his Microsoft days, the current form of cancer was so severe that it led to the death of the Seattle-born billionaire businessman.