NEW DELHI: Magicbricks has announced a strategic partnership with the School of Planning and Architecture (SPA Delhi) to bring sharper, research-led clarity to the country’s evolving real estate landscape. “By combining large-scale consumer demand signals with academic and spatial planning frameworks, the partnership seeks to create insights that are not just data-rich, but contextually meaningful,”…
MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.IHC’s affiliate Avenir Investment RSC will take a 41.5% stake via preferential shares/warrants, with scope to cross 63% through a mandatory…
MUMBAI: Gold loans have emerged as the top product in new originations and the second-largest retail credit book in India at Rs 16 lakh crore, trailing only home loans at Rs 44 lakh crore, according to credit bureau TransUnion Cibil, even as consumer durable loans, largely for mobile phones, have become the main entry point…
A month into the Gulf conflict, early economic strain is surfacing in the United Arab Emirates, with companies in hospitality, travel, events and food & beverage beginning to cut costs through layoffs, pay reductions and unpaid leave, according to an ET report.People tracking hiring trends said the adjustment has already started at the firm level…
Asia is likely to face the worst impact of the ongoing Iran war and the resulting energy disruptions, with supply gaps emerging across key economies, global maritime analytics firm Kpler has warned, as reported AFP.“We think Asia will, for now, be the ones suffering the most,” Kpler president Jean Maynier told AFP in an interview…
In a significant step following the recent thaw in bilateral ties, an Indian business delegation has travelled to China, marking the first such visit in over five years after relations were frozen due to the 2020 Eastern Ladakh military standoff.A delegation from the Punjab, Haryana, Delhi Chambers of Commerce and Industry (PHDCCI) is currently visiting…
US gasoline prices have crossed $4 per gallon for the first time since 2022, as the ongoing Iran war continues to disrupt global oil supplies and push up fuel costs.According to the American Automobile Association (AAA), the national average price for regular gasoline stood at $4.02 per gallon on Tuesday — more than $1 higher…
Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…
US consumer confidence rose marginally in March even as fuel prices surged due to the Iran war, highlighting resilience in spending but growing concerns around inflation and economic outlook, according to AP.The Conference Board said its consumer confidence index increased to 91.8 in March from 91 in February, indicating a modest improvement despite rising cost…
India is set to receive its first shipment of Iranian crude oil since 2019, with a tanker carrying 600,000 barrels of oil en route to Gujarat following a temporary sanctions waiver by the US, according to PTI.Ship-tracking data indicates that the vessel Ping Shun is headed towards Vadinar port, marking a potential revival of Indo-Iran…