Page 19 - Festivals

Bank of Maharashtra slashes home loan rate to 8% as part of festive offer

State-owned Bank of Maharashtra (BoM) on Sunday announced a cut in interest rate on home loans to 8 per cent as part of its festive offer. The bank currently offers home loans starting at 8.3 per cent. The rate varies depending on the borrower's credit score. The Pune-based lender has also slashed interest rate on personal loans to 8.9 per cent from the existing 11.35 per cent effective Monday (October 17, 2022), BoM said in a statement. The lender has already waived processing fee for its gold, home and car loans under the 'Diwali Dhamaka' offer. By introducing this offer, the bank is offering one of the lowest interest rates in retail loans, especially home and personal loans, in the banking industry. Market leader State Bank of India (SBI) and mortgage lender HDFC Ltd are offering discounted interest rates on home loans beginning at 8.40 per cent. At a time when interest rates are rising across the spectrum in line with the rising policy rates, BoM is making retail loans cheap

India festival spending booms despite inflation worries, global slowdown

Online and offline sales during the Hindu festival period starting in the last week of September and lasting until early November are estimated to cross $27 billion

Liquidity slips into deficit on high credit growth, festival loan demand

Banks face pressure to raise deposits; weighted average call rate highest in 3 years

Understand conditions that can render warranty void before buying a product

Buy an extended warranty only if there is no duplication vis-a-vis manufacturer's warranty

Festival season may bring cheer to IPO market, say investment bankers

Rs 9,000 crore worth of issues lined up over the next six weeks

Railways set out special trains to manage extra rush till Chhath Puja

Major destinations throughout the country would be connected by 179 pairs of special trains on rail routes including Delhi-Patna, Delhi-Bhagalpur, Delhi-Muzaffarpur, and Delhi-Saharsa

Realme announces festive days sale, discount on smartphones, laptops, IoT

Realme Festive Days sale is live on its website, Flipkart, Amazon and mainline channels. Here are the details

8 dead, several missing after flash floods during idol immersion in Bengal

At least eight persons drowned and several others were feared missing, after they were swept away due to flash floods in the Mal river in Jalpaiguri district during idol immersion on the occasion of 'Vijayadashami', a senior official said. The incident took place in the evening when hundreds of people gathered on the banks of the Mal river to participate in the immersion ceremony. "All of a sudden, flash floods struck and people were swept away. So far, eight bodies have been recovered, and we have rescued around 50 people," Jalpaiguri District Magistrate Moumita Godara told PTI. "The search and rescue operations are underway and being carried out by teams of the NDRF, SDRF, police and local administration, she said.

Scarred by boycotts, ad industry treads cautiously this festival season

Experts say brands must evaluate if their social messaging is only oriented towards catching eyeballs

What impact does culture have on an economy? A paper tries to answer

And what is the impact of economic policies on culture? The paper calls for more research

Stock market closed today for Dussehra; all trading holidays for 2022

The stock market in India will remain closed today for Dussehra

Banks divert gold supply from India to China, Turkey ahead of festivals

Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered

Bank holiday: In October, banks will remain closed for total 21 days

Starting today (October 3), the banks in some cities will remain closed for the entire week because of festivals

Festive demands up airfares by 20-30% on key routes across country

The hike in airfare prices is a result of the increased cost of aviation turbine fuel, according to ixigo's data

Ahead of festive season, retail credit growth nears 20% in August

Credit growth to the services sector accelerated to 17.2 per cent in August 2022 from just 2.1 per cent a year ago. It was mainly due to improved credit off-take to NBFCs and trade sectors.

Lower-income groups not so hopeful this festival season sale: Report

While the e-commerce platforms have seen an uptick in their festival season sale to Rs 24,500 crore, the average user spending has come down significantly

SoftBank-backed Meesho records nearly 68% jump in festival sales

Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ cities.

Wheat prices head north with the advent of 'Navratri' festivities

Trade and market sources said wheat prices in wholesale markets of Delhi have risen by around Rs 40 per quintal since September 1

E-com giants clock $3.5 billion in first four days of festival sales

For the first 4 days, an estimated Rs 11,000 crore worth of mobiles were sold from the large e-commerce players - In terms of units, 60-70 lakh mobiles were sold in the first 4 days

India sees Rs 24,000 cr worth online festive sales in 4 days, mobiles lead

Nearly 55 million shoppers made online purchases during the first four days as overall daily average gross merchandise value (GMV) rose to 5.4 times, according to Redseer Strategy Consultant