MUMBAI: The chief of LIC Housing Finance, the largest home loan company in India, has called for capping of interest rates on loans in the affordable housing segment stating that nothing about some of the rates being charged in this segment is affordable. MD and CEO Tribhuwan Adhikari said some housing finance companies are charging…

India’s passenger vehicle industry is estimated to have posted one of its strongest monthly performances in July, with domestic dispatches rising by around 33% year-on-year to nearly 4.7 lakh units. Strong volumes from leading manufacturers, including Maruti Suzuki and Hyundai, along with robust growth reported by Tata Motors and Mahindra & Mahindra, helped drive the…

Jaishankar and Rubio in Manila External affairs minister S Jaishankar on Wednesday met US secretary of state Marco Rubio in Manila, with the two leaders holding wide-ranging discussions on trade, tariffs, energy, defence, critical minerals, artificial intelligence and regional security.The meeting took place on the sidelines of the Association of Southeast Asian Nations (Asean) foreign…

NSE’s closing auction sees Rs 39,718 crore rush on first index rebalancing day The newly introduced closing auction mechanism saw its biggest test yet on Monday, with the National Stock Exchange of India Ltd (NSE) recording Rs 39,718 crore in turnover during the session as investors adjusted portfolios for the latest index changes.The turnover was…

Niti Aayog has proposed a major overhaul of India’s biotechnology strategy, recommending the country to replace fragmented programmes with six mission-driven national initiatives, accelerating growth in the sector. These recommendations come as part of its newly released bioeconomy roadmap, which sets a target of building a $691 billion bioeconomy by 2035.The roadmap mentioned that the…