Har Ghar Tiranga: Post Offices to remain open on all days till I-Day

To facilitate the sales and distribution of national flags under Har Ghar Tiranga campaign, all post offices across the country will function on holidays, falling before Independence Day 2022, informed the Ministry of Communications on Saturday. The Ministry said all delivery post offices and other important post offices across the country will … Read more

WBSSC scam case: Partha, Arpita to remain in ED custody till Aug 5

Former West Bengal education minister Partha Chatterjee and his aide Arpita Mukherjee were sent to three more days in the custody of the Enforcement Directorate (ED) by a special court in Kolkata in the SSC scam case. The ED had sought four days of custody for Chatterjee and three days for Mukherjee, … Read more

Falling commodity prices may soften inflation, but it may remain elevated

Across the world, countries are fighting to contain inflation, even if this means some compression in demand and slowdown in economic growth. This was quite evident when the US Federal Reserve raised its benchmark interest rate by 75 basis points (bps) last week to contain a four-decade-high inflation rate. India is … Read more

U.S. consumer confidence near 1-1/2-year low; house prices remain elevated

Breadcrumb Trail Links PMN Business Author of the article: Article content WASHINGTON — U.S. consumer confidence dropped to nearly a 1-1/2-year low in July amid persistent worries about higher inflation and rising interest rates, which could undercut spending, pointing to slower economic growth at the start of the third quarter. The survey from the Conference … Read more

Road connecting Delhi airport T3 to T1 to remain closed for next 3 weeks

The road connecting terminal T3 to T1 of the Delhi airport will remain closed for the next three weeks as it is being upgraded, its operator Delhi International Airport Limited (DIAL) said on Saturday. However, the carriageway connecting T1 to T3 will remain open for movement of traffic coming … Read more

Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index

New You can now listen to Insurance Journal articles! Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second quarter results. The Index revealed that Q2 experienced an increase in average premium renewal … Read more

Mortgage forbearances remain flat as pace of exits slow

An estimated 405,000 homeowners remain in forbearance plans as of June 30, according to data from the Mortgage Bankers Association’s latest loan monitoring survey. The total number of loans in forbearance stayed relatively flat with just a -four-basis-point drop, down to 0.81% from 0.85% of servicers’ portfolio volume in May. About 30% of total loans … Read more

Why mortgage delinquencies remain stable despite more economic stress

Overall delinquencies and forbearance rates keep improving despite the fact that financial pressure on consumers is growing, and statistics in a few recent reports offer some possible reasons why. For one, enough relief is still available from lingering payment suspensions to cushion the blow from higher inflation and borrowing rates.  In aggregate, the number of … Read more

Rakesh Jhunjhunwala: Brokerages remain bullish on Jhunjhunwala’s largest banking bet, see up to 44% upside

Domestic brokerages remain bullish on the , Rakesh Jhunjhunwala‘s largest banking bet, after a strong performance in the June quarter. The private lender, which had announced its earnings on Friday, reported a 63.53 per cent year-on-year (YoY) rise in net profit at Rs 600.66 crore compared with Rs 367.29 crore in the same quarter last … Read more