Yes, there has been a fair bit of activity on balance transfers in the home loan segment. This is because some of the housing finance companies (HFCs) have not been passing on the rate cut benefit to their existing customers. The internal benchmark rate at HFCs, to which rates are linked, has not moved down in line with reduction in borrowing costs. Therefore, we are seeing a lot of those customers opt for home loan balance transfers to banks, where the rates are linked to a transparent external benchmark such as the repo. Banks are thus gaining market share in mortgages. … [Read more...] about Secured loan book back to pre-COVID levels: Axis Bank
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It’s got very little in terms of front and rear overhangs, a swooping shoulder line giving it the appearance of a crouching predator. The design in fact, has gone a long way in helping it shed unnecessary weight – an edge it possesses over the likes of the EQC, which weighs two-and-a-half-ton. While it’s too early to speculate, the price of the I-Pace is likely to hover around the Rs1 Crore mark. A 90Kw lithium-ion battery gives it 400hp of power along with a solid 696Nm of torque. According to the brand, the car will do approximately 480km on a single charge. … [Read more...] about Jaguar I-Pace, the award-winning electric car, is open for bookings—what you need to know
IO: There’s a chapter in Mediocre talking a little bit about the creation of the myth of the trod-upon white male. We find that repeated over and over again, and another version of that is in the creation of tech: the idea that these were the outcasts and nerds that built this new thing where they were going to be free. They get to center themselves in the story of oppression that exempts them from responsibility to people who have far less privilege than them. [Tech] likes to think that it’s far different from the spaces it thinks it broke free from, but it’s not. It’s a similar mythology that never existed. These were maybe men who are socially challenged on some level, but the group still had privilege. A lot of our founders behind these tech spaces had immense privilege and then created a space in their image. … [Read more...] about Ijeoma Oluo’s new book interrogates white male mediocrity
When a celebrity client becomes embroiled in a scandal, Michael Sitrick, a top crisis manager, is the one who gets the 3 a.m. call. The battle for a celebrity’s reputation will be fought in the media. And Sitrick’s phenomenal success is due to his clear-eyed understanding of how the media, his natural enemy, works. For our book The Art of Doing: How Superachievers Do What They Do and How They Do It So Well, Sitrick told us, “To be successful in my business you have to be able put yourself inside a reporter’s head to influence how he or she covers your client.” Recognizing whether a reporter is skeptical, idealistic, naïve, relentless, or all of the above is Sitrick’s job. “Journalists believe that their most important mission is to uncover the truth,” says Sitrick, “so if you can persuade them with facts, or steer them to where they can find the facts themselves, reporting will follow.” What we can learn from Sitrick is … [Read more...] about Think Like A Bug: Tips On Squashing The Competition From Charles Darwin, Steve Jobs, Madonna, And Other Successful People
Going by media reports, if government offloads 40 percent stake in IDBI Bank to LIC thereby bringing down its stake to a minority partner, the government would, at current market price, get Rs 9,734 crore that will only add to its own disinvestment kitty (given that the year is turning out to be difficult with big ticket sale like Air India unlikely to go through). However, a bank in dire need of capital will not get a dime. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?