US homebuilder confidence hits 14-year low as costs soar US homebuilder confidence fell to its lowest level in more than 14 years in October, with rising mortgage rates, expensive construction materials and labour shortages weighing on the housing market, according to a survey released on Monday.The National Association of Home Builders (NAHB)/Wells Fargo Housing Market…
In an earnings call, managing director and CEO Vinay Tonse said the bank was examining the judgment and its options MUMBAI: Yes Bank has told investors that Supreme Court’s order to restore Rs 8,415 crore of additional tier-1 (AT1) bonds written off during its March 2020 restructuring would not constrain growth, citing deferred tax assets…
The AO treated the alleged amount as undisclosed cash receipts and made an addition under Section 69A. (Image for representative purpose only) Property related transactions can sometimes be complicated. Recording the same in your income tax return is equally important. But what if the Income Tax Department sends you a notice for unexplained cash receipts,…
Stock market holiday on Dussehra NEW DELHI: Domestic equity markets will remain closed on Tuesday, October 20, for Dussehra, giving investors a break from regular trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The festival is listed as a full trading holiday in the 2026 market calendar.Investors will not be…
The findings also highlighted a distinct regional divergence in welfare impact NEW DELHI: In-kind social transfers ranging from free foodgrains under the public distribution system (PDS) to laptops, bicycles and school uniforms have pushed nearly 22 crore people — comprising around 19% of rural population and 8.4% of those in urban areas — into higher…
Two-and three-wheeler imports have shot up to $107 million during April-Aug, compared with $2 million a year ago NEW DELHI: Every cheer for electric vehicle sales in the country also means that import of batteries from China goes up too given the complete dominance India’s neighbour enjoys in the global trade of this product.Not surprisingly,…
Bagchi said he would consult regulators, customers, shareholders and other stakeholders before setting organisational priorities MUMBAI: Anup Bagchi, who is set to take over as HDFC Bank’s managing director and CEO, said he would soon draw up a strategic roadmap covering growth, margins, asset quality and productivity, as outgoing chief Sashidhar Jagdishan said the bank’s…
Crude prices ease below $110 per barrel Oil prices fell on Monday as US President Donald Trump’s decision to waive sanctions and tariffs on Russia raised the prospect of additional fuel supplies entering the market. However, continuing security threats in the Middle East and uncertainty over US-Iran negotiations kept the outlook for crude volatile.Brent crude…
‘Hospitals may still find ways to hike charges of other items and packages,’ warns a civil society group NEW DELHI: Govt’s move to cap trade margins at 30% of MRP on 137 cancer drugs, covering over 1,000 medicine brands, puts the focus on actual patient savings, with effective implementation and monitoring needed to ensure it…
Columbia University professor and 16th Finance Commission chairman Arvind Panagariya, who was in India for the Kautilya Conclave, spoke to TOI, arguing that a weaker rupee will not just make exports competitive but will also keep the prices of finished imported goods higher. In an interview, he suggested tariff cuts, doing away with quality control…
