The Reserve Bank of India (RBI) on Wednesday said regulated entities have to release original property documents to retail loan borrowers within 30 days of full repayment, and any delay would attract a penalty. This would include consumer credit, education loans, loans given to create or enhance immovable assets and loans for investment in financial … Read more
Retail inflation moderated to 6.83% in August from a 15-month high of 7.44% in July due to easing vegetable prices, offering a measure of relief to the Indian central bank and bond investors. Consumer Price Index (CPI)-based inflation, however, continued to exceed the Reserve Bank of India’s (RBI’s) target range of 2-6%. A Mint poll … Read more
The bad news from Pratt & Whitney (P&W) shows no signs of ebbing for customer airlines using its snag-ridden engines on the best-selling single aisle Airbus A320neo planes and passengers. The engine-maker has now warned that “600 to 700 engines will be removed for shop visits between 2023 and 2026 (and) the accelerated removals and … Read more
Apple ‘Wonderlust’ event saw the unveiling of the iPhone 15 series, Watch Series 9 and Apple Watch Ultra 2. While the Watch Series 9 comes with a faster S9 chip, the iPhone 15 Pro comes with Titanium construction, an upgraded A17 Pro chip and USB-C charging port! Here are the majopr announcements from Apple’s flagship … Read more
The chief economists at the American Bankers Association are of the opinion that the US Federal Reserve is done with raising interest rates and will likely to cut them by roughly one percentage point next year, reported the Bloomberg. The latest forecast from the Economic Advisory Committee of the American Bankers Association shows that the … Read more
When Russia invaded Ukraine in February last year, geopolitical experts and watch groups were quick to draw parallels with China and its historically tense relationship with Taiwan. Increased and overt US support of the island nation following the Russia-Ukraine war did little to quell rumours of an inevitable Chinese invasion as Beijing carried out massive … Read more