Page 2 - Festivals

Onset of festive season pushes credit growth across sectors in September

Housing and vehicle loans lead surge in retail credit, which was up 19.6% YoY

About 4,000 jobs posted every day during festival season: Apna.co report

200,000 job opportunities created between Sep 1 and Oct 27; business development, telemarketing and sales among categories with highest number of vacancies

Delhi LG Saxena approves Chhath Puja at designated Yamuna ghats: Sources

Delhi Lieutenant Governor Vinai Kumar Saxena has given his nod to hold Chhath Puja at designated ghats on the Yamuna and urged Chief Minister Arvind Kejriwal to ensure clean ghats and water for devotees, sources in his office said on Wednesday. The sources said Saxena had also cautioned Kejriwal against "misleading and premature publicity" over the issue. A tweet by Kejriwal a few days ago had caused confusion with many people assuming that the puja could be performed anywhere along the Yamuna, the sources said. "The proposal to hold Chhath Puja approved by the Lieutenant Governor was specific to designated ghats on the Yamuna," a source said. Saxena has also directed the revenue and environment departments to ensure strict enforcement of the National Green Tribunal's orders on Yamuna pollution. The Delhi government's revenue department is the nodal agency for Chhath arrangements. It is working in close coordination with other government departments and civic agencies to make Chh

High festive demand pushes up demand for gig and temp workers: Report

Over 400,000 gig and temporary workers were reportedly hired to meet the high demand during this year's festive season

Let's strengthen resolve to ensure safety for women: President on Bhai Dooj

President Droupadi Murmu on Wednesday greeted citizens on the occasion of Bhai Dooj and called on them to strengthen the resolve to ensure respect and safety for women. In a tweet in Hindi, she said the festival of Bhai Dooj is a symbol of love and trust between a brother and a sister. "My warm greetings to all the countrymen on Bhai Dooj, a symbol of affection and trust between brother and sister. On this auspicious occasion, let us strengthen our resolve to ensure respect and safety for all women. I wish that this festival enhances the spirit of mutual brotherhood," Murmu said.

Post-Diwali air quality better than 2021 in several cities, shows CPCB data

Delhi air quality 'very poor' the day after; improvement over previous years

RBI's liquidity infusion largest since April 2019 as surplus cash dries up

Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts

People revel in Diwali spirit after two years of muted celebrations

Colourful lights illuminated buildings and earthen lamps dotted houses as people across the country celebrated Diwali with pomp on Monday after two years of muted festivities due to the pandemic. People, dressed in their finest, exchanged sweets and gifts, visited temples and greeted each other. Some restrictions on bursting of firecrackers, particularly in the national capital, however, remained in force. President Droupadi Murmu, Vice President Jagdeep Dhankhar and Prime Minister Narendra Modi greeted the people of the country and hoped the festival will bring happiness, wellbeing and strengthen the spirit of mutual cooperation and harmony. Like previous years, Prime Minister Modi celebrated Diwali with soldiers. This time it was in Kargil. Addressing the soldiers, he said India is against war but also underscored the need for strength to ensure peace and asserted that its growing power boosts the chances of global peace and prosperity. India stands for peace and has always ...

Ayodhya Deepotsav makes new world record by lighting over 1.5 mn diyas

A new Guinness World Record for the 'largest display of oil lamps' was set when more than 15.76 lakh earthen lamps were lit at the 'Ram ki Paidi' during Deepotsav celebrations in Ayodhya

Diwali an occasion to strengthen harmony, says President Droupadi Murmu

On the eve of Diwali, President Droupadi Murmu on Sunday extended greetings to fellow citizens

Delhi, Bengal consume most sweets in India; Rajasthan top consumer of papad

In 2021, the sweet market in India stood at Rs 58,900 crore

Long-term investors should invest in gold through SGBs, say experts

Those who desire liquidity should opt for a gold ETF having low expense ratio and high volume

Shoppers Stop posts net profit of Rs 18 cr in Q2; revenue jumps 59%

Shoppers Stop reported a 60% jump in its second-quarter revenue on rebounding demand for clothes and shoes even as its move to spend heavily on fresh stock ahead of the festive season pressured profit

Festivities push FMCG sales up 11% in first two weeks of October

Sales were down in September due to weak rural demand

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