The real estate sector, which is highly dependent on bank financing for both builders and customers, is worried that rising rates will impact post-pandemic recovery and slow down sales.

Anuj Puri, chairman of real estate advisory firm Anarock, said the hike was anticipated with inflation edging higher in the aftermath of the Russia-Ukraine war and surging oil prices. "A hike was inevitable, but we are now entering the red zone. Any future hikes will reflect markedly on housing sales," he warned.

SpiceJet extended its Employee Stock Ownership Plan (ESOP) scheme to mid to senior level employees and critical resource staff in recognition of their contribution to the Company in the last three years of the COVID-19 crisis.

SpiceJet already has an ESOP scheme in place for its top management.

German sports brand Puma on Tuesday said it has launched mobile shopping app in India to further enhance digital offerings for consumers and provide quicker access to its products.

India is the first country to go live with the Puma app developed by the German sportswear giant, the company said in a statement.

Deepak Parekh, chairman of HDFC Ltd, India’s largest mortgage financier, on Tuesday said he expected the regulator’s view on HDFC’s proposed merger with HDFC Bank to be fair and judicious, asking the stakeholders to be patient.

In his note to shareholders in the annual report, the HDFC patriarch said after 45 glorious years of providing homes to millions of customers, the time was right for HDFC to find a new home.

Mitsubishi Electric Corporation on Tuesday said it will invest about Rs 220 crore (3.1 billion yen) in its Indian subsidiary to set up a new factory in Maharashtra.

The new factory will be set up near Pune in Maharashtra. Its subsidiary Mitsubishi Electric India will manufacture inverters and other factory automation (FA) control system products, said a statement from the Japanese manufacturer of electrical and electronic products.

Bain Capital LP raised $2 billion for its second special situations fund, giving it the biggest pool of capital focusing on complex and structured credit and equity investments in Asia-Pacific.

The second pool of cash is double the size of its first fund and the amount raised exceeded the $1.5 billion target, the Boston-based asset manager said.

The Delhi airport has decided to replace all its vehicles with EVs in the next four months for its airside operations under the Green Transportation Program to reduce its greenhouse gas emissions annually, its operator Delhi International Airport Limited (DIAL) said on Monday.

The plan to induct induct 62 electric vehicles at Delhi's Indira Gandhi International Airport's airside, which include runway, taxiway, and apron involved in the arrival and departure of flights, will help reduce nearly 1,000 tonnes of greenhouse gas emissions yearly.

Billionaire Gautam Adani and India's biggest hospital operators, Apollo Hospitals Enterprise Ltd are assessing bids to take a majority stake in Metropolis Healthcare Ltd, a media report said.

Adani and Apollo's deal with Metropolis could be at least worth $1 billion or Rs 7,765 crore, given the market captalisation of the diagnostic chain and its operations, Mint reported quoting two people familiar with the matter.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan reached Dehradun on the intervening night of Sunday and Monday to take stock of relief operation pertaining to the bus accident of pilgrims from Panna dist in Uttarakhand's Uttarkashi district.

The accident claimed the lives of 25 pilgrims travelling in the bus after it fell into a gorge near Damta in Uttarkashi district on Sunday.

Shares of Life Insurance Corporation of India (LIC) were reeling under pressure, falling 2 per cent to Rs 786.05, on the BSE on Monday. The shares hit their lowest level since listing, with the market capitalistion (market-cap) of the state-owned life insurer breaching below the Rs 5-trillion-mark.

The stock was trading down for fifth straight day, sliding 6 per cent during the period. In comparison, the S&P BSE Sensex shed 0.83 per cent in a week.

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