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Facing a potential hit on nearly Rs 10,000 crore lent to builders and home buyers in Noida Extension, banks are planning to seek a special dispensation from theReserve Bank of India to do without setting aside funds for possible default on these loans. “We will need the regulator’s indulgence on the matter. This is an […]

LIC Housing Finance announced its first quarter, 2011-12 results on Wednesday.The company posted an increase of 21 percent in its net profit to Rs 256.50 crore inQ1, 2011-12, as compared to Rs 212.02 crore in the year ago period. The company’s total income increased by 40 % to Rs 1,418 crore in Q1,2011-12, as compared […]

For an industry that has got used to driving on automatic at healthy double-digit growth rates, it’s nothing short of cataclysmic. Car sales have crashed in the past three months, worrying news from a sector seen as a bellwether for the Indian economy. After about 25 % growth over the past few years (and even […]

Buying a property undeniably ranks as one of the greatest Indian dreams. So it does not matter which part of the world you live in; a home in India is simply a must. And the Indian laws, over the years, have made this a fairly easy job. The Reserve Bank of India governs such transactions […]

The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the last close. The Bombay Stock Exchange Sensitive Index, or Sensex, fell 66.19, or 0.4 percent, to 18,436.19. The S&P CNX Nifty Index on the National Stock Exchange declined 0.5 percent to 5,541.60. […]