Business

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loan

Loan repaid in 2003, but bank lost the property papers; Bombay HC orders it to pay Rs 5,000 per day from December 2023 until title records are reconstructed

The loan goes back several decades. The loan was taken in 1979 and it was fully repaid in 2003. Your bank loses your original property papers that were kept with it as security for loan. What happens then? A new Bombay High Court verdict in this regard holds significance.In the case of In Vogue Creations...
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VCs, celebrities bet on AI startups in media, sports

VCs, celebrities bet on AI startups in media, sports NEW DELHI: Artificial intelligence investment is widening beyond enterprise software and chip bets, and one of the areas money is increasingly flowing into is media, entertainment and sports. In India, venture capital firms, private equity investors, family offices and celebrities are backing startups using AI to...
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China to pump $54 billion into state banks, insurers

China to pump $54 billion into state banks, insurers BEIJING: China’s finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.China Life Insurance (Group) Co, the country’s largest life insurer,...
builder homes

Homebuyer promised 5,069 sq ft villa by builder, but only 3,900 sq ft delivered: Telangana RERA orders Rs 20 lakh refund and Rs 98 lakh penalty

Telangana RERA found that the builder had misrepresented the villa’s total area. (Image for representative purpose only) You give down payment for a home, but at the time of the sale agreement you realise that the builder did not deliver on the promised area that was advertised. What happens then? A recent Telangana RERA ruling...
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