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'Teaser home loan rates pose payment shocks'
The teaser home loan rate, the interest rate which is set artificially low for the initial period, could give a ‘payment shock’ to borrowers as the equated monthly installment (EMI) shot up on lenders charging regular interest rates, according to Fitch officials.

A new place in the sun
A former Silicon Valley serial entrepreneur sets up India’s first commercial solar power plant

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'We will come out with a vision statement soon'
Business Standard / New Delhi October 07, 2009, 1:12 IST
International Business

Sensex opens weak on global cues

The Sensex opened at 16,339 and then slipped to a low of 16,182 on weak global cues. The index is now at 16,233, down 129 points and the NSE Nifty is at 54,847, down 35 points. All the Asian markets are in the negative zone. The Hang Seng has dropped 203 points or 1% to 19,919 and the Shanghai Composite has slipped 2% to 2,927.


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