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Business Economy


Further reduction in home loan interest rates may benefit real-estate sector: Housing.Com

Hyderabad, Nov 30 (UNI) Ahead of the two-day Monetary Policy Committee (MPC) meeting headed by RBI governor scheduled to be held from Dec 2, Housing.com, Makaan.com and PropTiger.com Group CEO, Dhruv Agarwala on Monday opined that the real estate sector will benefit from a further reduction in home loan interest rates.
The RBI has announced several favourable measures this year for this sector; however, more needs to be done such as the decision on Input Tax Credit, Mr Agarwala said in a statement .
The sector will obviously benefit from a further reduction in home loan interest rates but we feel that there is hardly any scope for a further rate cut this year, he said.
The sector should try to take advantage of the opportunities arising out of the decisions taken by the RBI over the past few months, the statement added.
The resolution of the sixth bi-monthly MPC meeting would be announced on December 4.
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Crompton Greaves Consumer Electricals Q3 consolidated net profit down by 6 14 pc to Rs 151 09 cr

22 Jan 2021 | 8:10 PM

Mumbai, Jan 22 (UNI) Crompton Greaves Consumer Electricals Ltd has reported a drop of 6.14 pc in its net profit for the quarter ended December 31,2020 at Rs.151.09 crores as against net profit of Rs.160.97 crores for the quarter ended December 31, 2019.

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Simplilearn Wins Fourth Consecutive EC-Council Global Award

22 Jan 2021 | 8:08 PM

BENGALURU, India, Jan. 22, 2021 /PRNewswire/ -- Simplilearn, the world's leading Online Bootcamp for digital economy skills training, has been awarded the EC-Council Circle of Excellence Award (Enterprise) for 2020, as announced at the EC-Council Global Awards event. This is the fourth consecutive year that the company is winning an EC-Council Global award. This award honors those training centers that have been most successful in contributing to the information security community by providing comprehensive and cutting-edge certification programs for cybersecurity professionals and aspirants throughout the year.

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Tata Motors increases passenger vehicle prices

22 Jan 2021 | 7:53 PM

Mumbai, Jan 22 ( UNI) Auto major, Tata Motors has announced that it will hike prices of its passenger vehicle range, effective Friday January 22,2021.

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Local products found many takers in GI Products' expo in Varanasi

22 Jan 2021 | 7:51 PM

Varanasi, Jan 22 (UNI) The Geographical Indication (GI) exhibition in Varanasi turned out to be a useful platform for the local products in a big way.

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Ravi Nirgudkar appointed BAE Systems India chief

22 Jan 2021 | 7:15 PM

New Delhi, Jan. 22 (UNI) Leading defence firm BAE Systems has announced the appointment of Ravi Nirgudkar as Managing Director for India, with immediate effect. Mr Nirgudkar will spearhead BAE Systems’ operations in the market and build on the company's track-record of partnering with the Indian defence industry. He succeeds Nik Khanna who concludes his tenure in India and takes up a new role with BAE Systems’ Air Sector in the United Kingdom.

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