The average long-term US mortgage rate has climbed for the fifth consecutive week, reaching its highest level in nearly seven months and adding to affordability challenges for homebuyers during the crucial spring housing season, according to AP.The benchmark 30-year fixed mortgage rate rose to 6.46% from 6.38% last week, mortgage buyer Freddie Mac said. A … Read more
The Reserve Bank of India has allowed both residents and non-residents to exchange Indian rupee notes at foreign exchange counters located in departure halls of international airports beyond immigration or customs checkpoints, according to PTI. Earlier, such counters were permitted only to buy Indian rupees from non-residents and sell foreign currency to them. “On a … Read more
In a move aimed at shielding passengers from sharp airfare surges, the government has capped monthly increases in aviation turbine fuel (ATF) prices for domestic flights at 25%, according to Reuters.The decision comes amid volatility in global energy markets linked to the ongoing Iran crisis, which has pushed up fuel costs and added pressure on … Read more
As the US observes Good Friday on April 3 ahead of Easter Sunday on April 5, most essential services will continue without disruption since the day is not designated as a federal holiday.In the Christian calendar, Good Friday marks the crucifixion and death of Jesus Christ and has long been associated with mourning, penance and … Read more
New Delhi: Centre will make three major NH stretches passing through Delhi largely signal free to reduce congestion and travel time, the road transport ministry informed the Lok Sabha on Thursday. While the NH stretches from Ashram to Badarpur, Mehrauli to Gurgaon and Punjabi Bagh to Tikri Border will be mostly signal free by building … Read more
The labour codes aim to simplify and consolidate India’s complex labour law framework. India’s new labour codes have introduced a structured distinction between the terms “employee” and “worker”. While all workers are employees, not all employees are workers. This distinction is more than just terminology – it determines the applicability of several statutory benefits and … Read more
The government has asked oil refineries to divert part of the feedstock used for cooking gas (LPG) towards petrochemical units, as industries grapple with acute raw material shortages triggered by supply disruptions amid the West Asia conflict, according to PTI.The Ministry of Petroleum and Natural Gas on April 1 directed refiners to allocate a portion … Read more
The rupee staged a sharp rebound on Thursday, rising 156 paise or 1.6 per cent to settle at 93.14 (provisional) against the US dollar, logging one of its steepest single-day gains in many years after regulatory measures by the Reserve Bank of India (RBI), according to PTI.The surge followed a series of steps by the … Read more
Benchmark equity indices, Nifty50 and BSE Sensex staged a sharp recovery on Thursday, erasing steep intraday losses to end higher, supported by value buying in IT and banking stocks and a strong rebound in the rupee.The 30-share BSE Sensex rose 185.23 points, or 0.25 per cent, to settle at 73,319.55 after plunging 1,588 points in … Read more
Foreign investment in India’s real estate sector dropped sharply during January-March, falling 75 per cent quarter-on-quarter to $400 million amid global uncertainty triggered by the West Asia conflict, according to PTI.Data from real estate consultant Colliers showed that total institutional investments declined 61 per cent to $1.6 billion in Q1 2026 from $4.2 billion in … Read more