US mortgage rate climbs to three year high US mortgage rates have soared to their highest level in nearly three years, with the sharp rise in borrowing costs adding to pressure on the housing market as Americans head towards November 3 elections.The average rate for a 30-year fixed-rate mortgage rose 19 basis points to 7.49%…
Rupee rises 10 paise against US dollar Rupee began Thursday on a positive note, recovering 10 paise to trade at 96.65 against the US dollar in early deals. The recovery comes amid likely intervention by the Reserve Bank of India, which may have helped the currency hold ground despite continued pressure from global and domestic…
BSE Sensex and NSE Nifty50 ended Wednesday on a lower note, after two straight sessions of gains, with the RBI’s 25-basis-point repo rate increase and its shift to a “calibrated tightening” stance weighing on sentiment. The 30-share BSE Sensex fell 429.11 points, or 0.59%, to 72,638.70, with 26 constituents closing lower and four higher. The…
Top stocks to buy or sell on October 8, 2026 Top stock market recommendations: GAIL, and IndiGo (Interglobe Aviation) are the top stocks to buy today (October 8, 2026), while Hindustan Zinc is a sell call, according to Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth. He has shared his target…
NEW DELHI: Be prepared to shell out higher mobile tariffs. Bharti Airtel will from Thursday hike postpaid tariffs by 3- 10%. India’s second-largest telecom operator has included free international roaming (for one trip per SIM) worth Rs 2,000 in all postpaid plans, which will go up by Rs 50. The new postpaid plan rental plans…
File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra MUMBAI: Reserve Bank of India governor Sanjay Malhotra said the rupee was undervalued and the central bank would intervene to ensure orderly movement in the currency market even as it closed at 96.78 on Wednesday, down 36 paise from its previous close, after falling to…
Elon Musk says ‘oligarchs’ want to maintain a monopolistic chokehold NEW DELHI: Elon Musk has hit out at “certain oligarchs”, who he alleged were “blocking” Starlink’s entry into India.The trillionaire’s comments came on a day when Starlink, the company owned by him, said at India Mobile Congress (IMC) that it was ready to start service…
File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra arrives at a press conference in Mumbai (Picture credit: Reuters) MUMBAI: In a move that could hurt consumption during the festive season, mortgages and other loans are set to become more expensive, while deposits will start yielding higher returns in a few weeks, with Reserve…
Finmin analysis shows trucks meant to deliver goods at designated locations making detours (representative image) NEW DELHI: The humble e-way bill, introduced to check truck movement nine years ago, has helped govt track diversion of fertiliser. Thanks to the electronic tool, which is to be used by every truck carrying goods valued at over Rs…
MUMBAI: Fast-moving consumer goods (FMCG) companies are grappling with heightened commodity cost inflation amid a sharp rebound in crude oil prices while the impact of weak monsoons is slowly showing up in pockets of consumption, companies said in their Q2 updates even as they estimated strong revenue and volume growth for the quarter.The broader takeaway…
