Latest News, Updates & Breaking Headlines
The average long-term US mortgage rate climbed this week to its highest level in nearly nine months, raising borrowing costs for homebuyers during what is traditionally the busiest season for the housing market, AP reported.The average rate on a 30-year fixed mortgage rose to 6.51 per cent from 6.36 per cent last week, according to…
MUMBAI: Six states raised a total of Rs 20,100 crore in the latest state development loan auction conducted by RBI on Tuesday, with weighted average yields ranging between 7.6% and 7.9% across tenures of 6 to 30 years. The results are in line with the rise in yields on central govt bonds where 10-year bond…
The Centre plans to raise Rs 8.20 lakh crore from the market in the first half of FY27 through dated securities, accounting for over half of its revised annual borrowing programme, the finance ministry said on Friday, PTI reported.The borrowing, scheduled for April–September 2026-27, is aimed at funding the fiscal deficit and bridging the revenue…
Borrowing costs for homebuyers in the US rose further this week, with the average long-term mortgage rate reaching its highest level in more than six months and adding pressure during the peak spring housing season.Mortgage buyer Freddie Mac said the benchmark 30-year fixed mortgage rate increased to 6.38% from 6.22% a week earlier. The rate…
SoftBank store in Ginza shopping district in Tokyo SoftBank Group is seeking to borrow up to $40 billion – reportedly its largest-ever loan denominated solely in US dollars – as founder Masayoshi Son doubles down on his bet on OpenAI. Citing people familiar with the matter, Bloomberg reported that SoftBank is in talks with four…
MUMBAI: The old joke about bankers was that they would lend you an umbrella when the sun was shining. Following the pushback against the surge in unsecured loans, that is what banks are doing, lending to customers who already have the resources. However, many customers are taking personal loans despite having savings, given the convenience…
The Reserve Bank of India (RBI) has purchased government securities equivalent to 47 per cent of the Centre’s total bond issuances so far in FY26 to support liquidity in the banking system, according to public data.According to news agency PTI , the data compiled from RBI showed that the Centre raised Rs 13,65,000 crore between…
From struggling for Rs 500 to delivering a Rs 100 crore hit, Abishan Jeevinth’s journey in Tamil cinema is a testament to sheer grit. He defied industry norms, proving that compelling narratives and a determined mindset, not just big budgets, pave the way to success. His recent acting venture, ‘With Love,’ further solidifies his rising…
Google parent Alphabet is selling a rare 100-year bond in British pounds as part of a massive multi-currency debt raise, making it the first tech company to attempt a century bond since IBM did it back in 1996.The so-called century bond will be part of Alphabet’s debut sterling issuance, according to the Financial Times. Alongside…
Finance Minister Nirmala Sitharaman is set to present her record ninth straight Union Budget, with markets closely tracking headline numbers ranging from the fiscal deficit and capital expenditure to borrowing and tax revenue projections, as India charts its course as the world’s fastest-growing major economy.The Budget will be presented in a paperless format, continuing the…
