Sunday, Dec 3 2023 | Time 19:43 Hrs(IST)
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Business Economy


LIC HFL hikes lending rate by 50 bps

Mumbai, Oct 1 (UNI) LIC Housing Finance Ltd (LIC HFL) said it has increased the LIC Housing Prime Lending Rate (LHPLR) by 50 basis points.
LHPLR is the benchmark rate to which the interest rate on LIC HFL's loans are linked.

Managing Director and CEO Y Viswanatha Gowd said: ''Interest rate hike is in line with the prevailing market conditions. We expect this trend to stabilise soon. We are taking care to price our products adequately so that the EMI outgo for our customers remains reasonable.
"We are confident that the sentiment in the real estate industry will be buoyant during the festive season and the fundamental parameters of the Indian economy will continue to be strong.''
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India will witness explosion of economic growth over next 25 years: Mukesh Ambani

India will witness explosion of economic growth over next 25 years: Mukesh Ambani

02 Dec 2023 | 9:03 PM

Ahmedabad, Dec 2 (UNI) Stating that India will witness an unprecedented explosion of economic growth, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Saturday said that the size of
the Indian economy will grow to US$ 40 trillion by 2047 from US$ 3.5 trillion now.

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RSP achieves best April – Nov performances in three key sectors

02 Dec 2023 | 7:51 PM

Bhubaneswar, Dec 2 (UNI) Rourkela Steel Plant (RSP), a unit of the Maharatna Company SAIL, has achieved its best April-November performance in the fiscal year 2023-24.

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Uno Minda to increase land banks for expansion in TN, Pune, North India

02 Dec 2023 | 6:28 PM

Chennai, Dec 2 (UNI) Leading auto component makers and suppliers Unio Minda Limited has chalked out expansion plans, including in Tamil Nadu in South India, and is planning to increase its land bank in this regard in key states.

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New look, changed appearance boost demand for Benzer Paint

02 Dec 2023 | 6:13 PM

Pune, Dec 2 (UNI) A rising star of the paints industry, Benzer Paints has changed its look and has focused on supplying higher quality products in the same price, boosting demand for the company's products.

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Escalating healthcare costs, mental health concerns impacting India Inc: survey

02 Dec 2023 | 5:56 PM

Mumbai, Dec 2 (UNI) A survey conducted by Global Insurance Brokers (GLOBAL) has presented interesting insights into impact of surging healthcare expenses on Corporate India in the post-COVID-19 landscape, revealing that an overwhelming 88 per cent of Corporate India is struggling primarily due to escalating hospital bills.

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