Regulation

First-Time Home Buyers Can Now Avail Loans With 3% Down Payment

Buying a home just got easier for potential first timers. Fannie Mae and Freddie Mac, the two mortgage lending giants announced on Monday that they will be backing mortgages with just 3% down payment.

Dec 9, 2014

Gold Trades Higher; International Rate Holds Above $1,200

Gold managed to trade above $1,200 per ounce in the face of continued strength by the US$ and oil price dropping below $66 per barrel. ₹

Dec 9, 2014

US Wrongly Penalised India on Steel Duties, WTO Says in Landmark Verdict

An appeals court of the WTO says US wrongly penalised India for subsidising Tata Steel's export of its manufactured products

Dec 9, 2014

Higher Gold Imports Widen CAD to $10.1 bn in Q2; Rupee to Remain Stable in 2015

India's CAD had widens due to rise in gold imports driven by falling gold imports and relexation in import norms. Lower oil import bill and higher capital inflows to provide comfort, keeping the rupee stable.

Dec 9, 2014

SpiceJet Cancels 1,800 Flights For December 2014; Viability Turns Foggy

SpiceJet sees no end to its cancellations, 1,800 flights cut for the month. Capital infusion refuses to emerge.

Dec 9, 2014

Gold sellers announced special discounts for Dhanteras 2014.

Gold Prices Fall for 3rd Straight Day On Poor Demand, Global Cues

Gold, silver prices continue to fall in India, reflecting global sentiments.

Dec 8, 2014

India to Grow Fastest in 'Dollar Nominal Growth' Globally in 2015, Says Credit Suisse

The Swiss bank says that indicators point to India emerging the fastest growing economy in USD nominal growth terms.

Dec 8, 2014

Uber Ride Gets Bumpier With Ban in New Delhi: Death of Ride Share Model in India?

Uber faces an existentialist crisis as government bans it in the capital after one its driver is found to be a serial sex offender

Dec 8, 2014

Maldives Water Crisis: Business Takes Hit as Water Shortage Enters Fourth Day

Business in Maldives, the honeymoon islands, is hard hit as the water crisis entered its fourth day on Monday.

Dec 8, 2014

Centre Clears Long Pending Defence Proposals, Indigenous Companies allowed Foreign Partners For Tech Transfer

Many proposals for local production and import of defence equipment see light of day after years of wait.

Dec 6, 2014

White Label ATM Operators can Serve International Customers, Says RBI

RBI allows white label ATMs to offer services to holders of international debit, credit and prepaid cards and these ATMs are free to choose any bank to partner with.

Dec 6, 2014

Uber Starts Operating in Portland Without City Approval

Uber, the ride-sharing service, started operating in Portland, Oregon, on Friday without the approval of city officials. The app begun working at 5.00 pm and drivers were immediately able to offer rides, without any prior permission from the authorities.

Dec 6, 2014