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BusinessEconomic Times ·

Banks offer lowest home loan rates despite RBI's key rate hike

Financial institutions are currently providing their most competitive home loan interest rates in recent years. This is occurring even after the Reserve Bank of India increased its benchmark repo rate. The trend is driven by banks holding significant surplus liquidity and competing aggressively for retail borrowers. Consequently, prospective homebuyers are finding favorable borrowing conditions in the market.

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BusinessEconomic Times ·

Ericsson begins export of India-manufactured telecom antennas to Europe

Telecom equipment maker Ericsson is now exporting telecommunication antennas manufactured in India to European markets. The company's production facility in Pune, India, is the source of the exported equipment. This move is part of Ericsson's strategy to leverage its Indian manufacturing unit for global supply. The development highlights India's growing role in the global telecom manufacturing ecosystem.