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Housing sales rose 36% year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock. In housing data, sales of apartments, villas and independent floors are included while plots are excluded. Anarock Chairman Anuj Puri highlighted that Mumbai Metropolitan Region (MMR) and Pune contributed 51% of the total sales.

Housing sales rose 36 per cent year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock. Housing sales stood at 88,230 units in the year-ago period across the seven major cities. Releasing the data, real estate consultant Anarock said average housing prices across the seven cities grew 11 per cent annually in the July-September period this year. Hyderabad saw the highest rise of 18 per cent.

India’s small towns have been running behind big cities for a long time — but that’s no longer true. Thanks to the juxtaposition of technology, rising income levels and policies – small towners are not what they once were. The biggest generational change is that — few dream of living in a big city. While most of them do not want to migrate, rising job opportunities, availability of first-grade educational institutions are ensuring they do not have to.

Sanand (Gujarat)Union IT Minister Ashwini Vaishnaw on Saturday said that India has embarked upon its journey to become a semiconductor hub, as US-based Micron Technology broke grounds for its about Rs 22,500 crore ($2.75 billion) chip assembly and test facility here.

The list of the world's richest persons can vary from year to year, depending on their latest net worth and financial performance. Here is the latest list of the world's top 10 richest persons, based on the real-time Bloomberg billionaires Index of September 21, 2023 and some interesting facts about each of them.

In an interview to Business Insider, Saurabh Garg, Co-founder and Chief Business Officer at NoBroker, has said that India witnessed a 35% growth year-on-year in the investment of NRIs in the real estate sector. Moreover, gated communities are a hot favourite amongst not only NRIs but affluent Indian residents as well. NRIs are also showing notable interest in senior living real estate projects.

Nashik, Onion traders have said that they suspended auctions in all agriculture produce market committees in Nashik district...

The initial public offer (IPO) of Signature Global was subscribed 0.54 times at the end of the first day of the issue. The issue did not receive any bids from qualified institutional buyers (QIBs) with tepid response from non-institutional investors. The company has fixed the price band at ₹366 to ₹385 per equity share for its maiden public offer which closes on Friday, September 22. Investors can bid for a minimum of 38 equity shares and in multiples of 38 equity shares thereafter.

iPhone-maker Apple's supplier Foxconn has committed to doubling employment, investments and business size in India by next year, underlining its smooth and rapid growth in the country, according to a social media post by a company executive. Wishing Prime Minister Narendra Modi on his birthday on Sunday, Foxconn representative V Lee wrote in a LinkedIn post: "Under your leadership, Foxconn has grown smoothly and rapidly in India".

Banking issues like reluctance to process forex received through alternate channels and high processing fees are hindering the growth of e-commerce exports from India, and there is a need to bring mindset change to unlock the sector's potential, a report by think tank GTRI said on Monday. Unlocking India's e-commerce export potential to USD 350 billion by 2030 requires addressing banking issues that hinder growth and increase operational costs, the Global Trade Research Initiative (GTRI) said.

Indians are gearing up for the festival season that kicks off with Ganesh Chathurthi this week. As the auspicious months arrive, the real estate sector is upbeat with new launches and more, but the shadow of the monsoons lingers over automobile dealers and jewellers. This season, Indians are not shying away from high-profile purchases this festive season as the real estate sector has reported healthy inquiries – thanks to the high consumer sentiment due to heightened economic activity.

As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notifications, amending previous taxation rates. According to the notifications, the windfall tax on domestic crude oil production has been increased significantly, while levies on the export of aviation turbine fuel (ATF) and diesel have been reduced.

Mumbai, The tea industry is likely to witness an 8 per cent year-on-year decline this fiscal due to decreasing export volume...

Housing sales in Mumbai are likely to cross Rs 1 lakh crore this calendar year and may breach the Rs 2 lakh crore-mark in 2030 on rising demand, according to a report. Realtors body Naredco's Maharashtra chapter and property consultant JLL India on Friday released a report "Unlocking Opportunities with Infrastructure Development" here. The report noted that Mumbai maintains its position as one of India's largest residential markets, contributing 40 per cent to the total residential sales value in the country.

Indian e-tailing or e-retailing has a lot to celebrate this season — if Redseer Strategy Consultants are to be believed, 2023’s festive season sales will rake in approximately ₹90,000 crore in gross merchandise value (GMV). That’s 18-20% more than what was sold last year. India’s festive season kicks off next with Vinayaka Chaturthi celebrations that last nine days, followed by Navratris and extends all the way to November with Diwali.

Mastercard India on Thursday announced the appointment of former SBI head Rajnish Kumar as its non-executive chairman. In this critical, non-executive advisory role, Kumar will guide Mastercard's South Asia executive leadership team led by Gautam Aggarwal, Division President for South Asia & Country Corporate Officer, India, in navigating the vibrant domestic payments landscape, Mastercard India said in a statement.

New Delhi, LIC on Thursday said it has sold 2 per cent of its holding in Sun Pharma for Rs 4,699 crore via open market sale. Following the share sale...

A special PMLA court here on Thursday remanded Jet Airways founder Naresh Goyal in 14-day judicial custody in a money laundering case linked to an alleged fraud of Rs 538 crore at the Canara Bank. The court accepted Goyal's request to send him to the Arthur Road jail in South Mumbai.

After facing the onslaught of smaller and regional players in the last quarter, FMCG majors are on a path to cut prices to boost volumes as well sales. This pricing action is being seen mostly in categories that contribute large volumes and with a high share of unorganized players — like soaps, detergents, hair oils and edible oils.

New Delhi, US-based electric vehicle maker Tesla is looking to source components worth around USD 1.9 billion this year agai...

Public sector major Coal India Ltd (CIL) has chalked out Rs 24,750 crore investment for eco-friendly transportation of coal on 61 first mile connectivity (FMC) projects. The three phased investment project when completed will have a combined capacity of 763.5 million ton per annum (MTPA), the company said. FMC projects involve transportation of coal in mechanized piped conveyors from production point to coal handling plants/silos with rapid loading system where coal is loaded directly into rail wagons.

The global telecom equipment market held steady in the first half of 2023 (1H23), growing only 2 per cent, a new report has shown.