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Redefine affordable housing parameters, banks tell govt; ‘rising ticket sizes, interest costs need to be considered’

MUMBAI: Banks have asked govt to review the definition of affordable housing by revising property value and size thresholds to reflect inflation and changing requirements, as rising ticket sizes and interest costs render existing limits less relevant.“We are the market leaders in housing finance and our home loan portfolio has grown by 13.7%. Our average…

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Left parties extend support to Vijay’s TVK to form govt in TN but to continue to work with DMK to ‘safeguard the state’s interest and rights’ | Chennai News

Both CPM and CPI on Friday extended letters of support for Vijay’s TVK to form the govt. CHENNAI: While extending support to Vijay’s Tamiliga Vettri Kazhagam (TVK) for the formation of the govt in Tamil Nadu, Left parties on Friday clarified that they would continue to work with DMK to safeguard the state’s interest and…

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Jerome Powell-led US Federal Reserve keeps interest rates unchanged; cites Middle East conflict uncertainty, rising energy prices

Jerome Powell (AP file photo) US Fed Federal Open Market Committee (FOMC) meet: Jerome Powell-led US Federal Reserve on Wednesday kept the interest rates unchanged in the 3.5-3.75% range citing upside risks to inflation in view of the rising global energy prices.“Developments in the Middle East are contributing to a high level of uncertainty about…

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Indian Navy lists Hormuz as ‘primary area’ of interest, one of the key ‘choke points’ | India News

NEW DELHI: Amid the ongoing blockade of the Strait of Hormuz and resultant spike in crude oil prices, the Indian Navy has made public its maritime security strategy, released recently by Navy chief Admiral D K Tripathi, which mentions Hormuz as “primary area” of interest, among other such “choke points”.Maritime choke points in the Indian…

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Alaknanda Double Murder: Row over loan settlement and reduced interest suspected by family behind attack | Delhi News

Monetary dispute leads to stabbing of father-son duo NEW DELHI: On Friday evening, around 6pm, 62-year-old Rakesh Sood and his son, 27-year-old Karan, left their office in Kalkaji and headed home, as they did every day. Around 6.30pm, Karan dropped his father off at the entrance of their building in Alaknanda’s Tara Apartments and drove…

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Iran war risk: JPMorgan CEO Jamie Dimon warns of oil shocks, sticky inflation and higher interest rates

JPMorgan Chase CEO Jamie Dimon has warned that the ongoing war in Iran could trigger oil and commodity price shocks, keeping inflation elevated and pushing interest rates higher than current market expectations, Reuters reported.The warning came in his annual letter to shareholders, a day after US President Donald Trump escalated pressure on Iran by threatening…

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‘Less interest in bilateral series’: Has IPL chairman Arun Dhumal hinted at expansion of 94 matches? | Cricket News

Has IPL Chairman hinted at IPL expansion? (Screengrab) Indian Premier League (IPL) chairman Arun Singh Dhumal has opened up on the possibility of expanding the tournament, stating that while demand for more matches exists, the biggest challenge remains the packed international cricket calendar. In a conversation with the Financial Times, Dhumal explained that the IPL’s…

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Indianapolis Colts: NFL Trade Rumors: Indianapolis Colts break silence on $33M QB trade speculation as insider flags weak interest | NFL News

Indianapolis Colts break silence on $33M QB trade speculation as insider flags weak interest.(Image via Getty Images) The Indianapolis Colts had a pretty interesting season after it started off with a dominating performance on the field.As expectations increased, the Indianapolis Colts failed to perform and ended the season with nine losses and eight wins. As…

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Cristiano Ronaldo: Cristiano Ronaldo makes move for Casemiro as Lionel Messi Inter Miami interest sets up fresh rivalry talk: Report | International Sports News

Cristiano Ronaldo makes move for Casemiro as Lionel Messi Inter Miami interest sets up fresh rivalry talk: Report (Image via Getty) Cristiano Ronaldo and Lionel Messi have been rivals for many years. Now, that same rivalry is showing up again in the transfer market. Reports say Ronaldo is trying to bring his former teammate Casemiro…

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