Author Archive

Auto loan vs personal loan: Which is a better option to buy a new car?

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Auto loan vs personal loan: Which is a better option to buy a new car?

Car makers offer big discounts and other consumer benefits such as exchange bonus and free accessories in the month of December Representative image  |  Photo Credit: BCCL New Delhi: Car makers generally offer attractive deals in the month of December. Plus, interest rates on bank loans have dropped, and dealers want to liquidate year-end stocks by…

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Construction, property industries in trouble: Rajan

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Construction, property industries in trouble: Rajan

India’s real estate, construction and infrastructure industries are in “deep trouble,” and non-bank finance companies which lend to these sectors should have their asset quality reviewed, former Reserve Bank of India (RBI) Governor Raghuram Rajan said. There is also “significant distress in rural areas,” Rajan wrote in an opinion piece in India Today magazine. He…

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J&K politicians amassed property by looting development funds: BJP

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J&K politicians amassed property by looting development funds: BJP

The Bharatiya Janata Party (BJP) on Sunday said people have right to know about the property “amassed” by mainstream politicians in Jammu and Kashmir. “We are demanding that the government should undertake evaluation of the property of all mainstream politicians in J&K including those associated with the BJP,” said the party General Secretary (Organization) Ashok…

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What should investors do when a star fund manager exits?

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What should investors do when a star fund manager exits?

The mutual fund industry has seen many fund manager exits in the last few years. Somendra Nath Lahiri, the chief investment officer of L&T Asset Management Co., is the latest in the list; he put in his papers in mid-November. At the fund house, Lahiri was managing nine schemes with assets under management of around ₹30,000 crore. Usually, the exit…

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PROPERTY SALES

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PROPERTY SALES

The following property sales were recorded in Jefferson County clerk’s office Nov. 18: City of Watertown: Two parcels: 1) 0.21 acres, 678 Leray St., 2) 0.69 acres, 686 Leray St., Nelson C. Schorr, Watertown, sold to Northside Car Wash LLC, Watertown $290,000 Town of Henderson: 0.23 acres, 15321 Snowshoe Road, Jeffrey Z. Haun and Sarah…

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Thai government introduces property stimulus package

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Thai government introduces property stimulus package

PHOTO: homeservicerayong.com “Buyers must earn no more than 100,000 baht a month and be registered on the Revenue Department’s tax database.” Thailand’s Finance Ministry spokesman Lavaron Sangsnit says that the three major housing associations are ready to support the government’s latest stimulus measures to support home purchases. There was a meeting between Ministry officials and…

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Embassy Property offers to sell office space to Embassy REIT

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Embassy Property offers to sell office space to Embassy REIT

Bengaluru: Embassy Office Parks REIT on Monday said that it has received a right of first offer invitation from Embassy Property Developments Pvt Ltd for the potential sale of around 8.7 million sq ft of completed and under-construction office space in Embassy Tech Village, Bengaluru. Blackstone Group Lp and Bengaluru-based real estate firm Embassy Property Developments are…

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PVR Cinemas opens its first international property in Sri Lanka

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PVR Cinemas opens its first international property in Sri Lanka

Leading multiplex chain PVR Cinemas marked its international foray by launching its first property in Sri Lanka on Friday. The multiplex chain said that it has opened a 9-screen property at Colombo in collaboration with the Shangri La Group. The company had first announced plans to enter Sri Lanka about two years ago. In a…

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Cygnett Hotels & Resorts Opens its Latest Property in McLeodganj

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Cygnett Hotels & Resorts Opens its Latest Property in McLeodganj

CYGNETT HOTELS is constantly taking strides to open new properties to promote sublime hospitality experience and promote destinations unlike before. In its latest endeavour, the Cygnett Group launched Cygnett Style Signature in McLeodganj, Himachal Pradesh. With this opening, it is inching closer to its target to have an inventory of 35 properties by 2020. Cygnett…

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SBI mega property e-auction tomorrow: How to register as a bidder

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SBI mega property e-auction tomorrow: How to register as a bidder

The State Bank of India will auction non performing assets (NPAs) worth ₹700 crore this month to recover its dues from those borrowers. The bank will hold a mega e-auction on 5 November and also plans to hold a total of three auctions in this month. The bidders can bid for the properties online after they get themselves registered online…

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MBA student, friend held for property dealer’s murder in Gurugram

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MBA student, friend held for property dealer’s murder in Gurugram

GURUGRAM: An MBA student and her friend were arrested by Gurugram police on Saturday for allegedly murdering sarpanch-cum-property dealer Roshan Lal at Rajendra Park here on Saturday. The MBA student, identified as Sumit Phogat (24), and her associate, Vikram (32), were arrested from Honda Chowk early on Saturday. Phogat reportedly confessed that she committed the…

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China’s imports and exports fell more than expected in September

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China’s imports and exports fell more than expected in September

China’s import and export data for September came in worse than expected amid the country’s ongoing trade friction with the U.S., Reuters reported on Monday, citing the Chinese customs. In U.S. dollar terms, China’s exports fell 3.2% in September from a year ago, while imports dropped 8.5% during the same period, according to Reuters. The…

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40 lakh slum dwellers in Delhi to win property rights

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40 lakh slum dwellers in Delhi to win property rights

Almost 2,000 informal settlements in Delhi are set to be legalised under a new law agreed by the government this week, which ministers said would give more than 4 million residents the right to own their homes in India’s capital.  Union Cabinet this week passed a bill to regularise 1,797 unauthorised slums in the country’s…

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SBI, Bank of Baroda, Kotak Mahindra Bank offer personal loan in 59 minutes. How it works

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SBI, Bank of Baroda, Kotak Mahindra Bank offer personal loan in 59 minutes. How it works

Banks have now started offering in-principle approval of personal loan in less than an hour on ‘PSB Loans in 59 Minutes’ portal from this September. More than 25 public and private sector banks, including the State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Kotak Mahindra Bank and Union Bank of India will approve…

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