Consolidated steel industry debt at 9-year low and solid profits: Icra

This suggests that domestic steel companies are now significantly less indebted than in fiscal 2009, when the last steel supercycle ended, following the global financial crises, ”he said. . The consolidated debt of the national steel industry fell to a nine-year low of Rs 2 lakh crore at the end of July 2021, the rating agency Icra announced on Thursday, …

Irish borrowers pay third highest euro area mortgage rate

Residents of the Republic continue to pay higher mortgage interest rates than most of their European counterparts, new figures show. The average interest rate on new Irish mortgage contracts was 2.8% in May, down seven basis points from the same month a year earlier. This compares to an EU average of 1.27 percent and means mortgage holders in the Republic …

Should you purchase auto insurance with a high deductible?

Auto insurance with a higher deductible might be worth it. Here’s what drivers need to know. Different factors are taken into account in calculating the cost of car insurance. These factors include: The make, model and age of a car The age of a driver Driving history But there is another factor that will dictate what auto insurance premiums cost …

Australia has the second highest mortgage debt in the OECD

Australia has the second largest mortgage debt as a percentage of GDP among OECD countries, according to a new report. OECD research showed Australia had the second largest mortgage debt in 2020, just over 90 percent of GDP, behind Switzerland’s total, which accounts for almost 120 percent of GDP. In terms of mortgage burden, expressed as a percentage of disposable …

HERE’S HOW Reliance Power’s consolidated debt will be reduced by Rs 3.2k cr during FY22 – HIGHLIGHTS of what happened at the board meeting

In a major development, the board of directors of Reliance Power Limited at its meeting held today, namely June 13, 2021, approved the preferential issuance of up to 59.5 crore of equity shares. and up to 73 crore in warrants convertible into an equivalent number of equity shares of the company upon issuance. Price of Rs. 10 each per debt …

Consumers in the Republic pay the second highest mortgage rates in the euro area

People in the Republic continue to pay higher mortgage rates than most of their European counterparts, although the state is now lagging behind Greece. The average interest rate on new Irish mortgage contracts was 2.8% in April, up two basis points from the same month a year earlier, according to Central Bank figures. This puts the state just behind Greece …

Irish banks charge the highest mortgage rates in the eurozone

Irish banks charge the highest mortgage rates in the euro area, according to the Central Bank of Ireland (CBI). The regulator’s latest monthly interest rate data shows the average rate applied to new mortgages here over the past 12 months was 2.79%. This compares to a euro area average of 1.26 percent. The differential costs Irish consumers almost € 80,000 …

Get the cheapest full coverage auto insurance

Full coverage auto insurance covers many situations, but can cost more than double the price of the minimum coverage required. That is why it is worth shopping around. Geico offers the cheapest full coverage insurance among the nation’s largest insurers, with an average annual rate of $ 1,268, or $ 106 per month, according to NerdWallet analysis. But which company …

Lemonade speeds up to enter auto insurance market

Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add auto insurance to its current renters, homeowners, pets and life insurance offerings in the United States . The insurtech has announced that it is preparing what it calls Lemonade Car for a launch in the year. He invites customers to register early. This is the company’s …

UK car insurance premiums drop to lowest since 2015: WTW survey

The cost of a comprehensive car insurance policy in Britain fell 14% in the first quarter of 2021, to its lowest level since 2015, as various phases of lockdowns across the country prevented motorists from driving in the street, according to a survey. British motorists now have to pay 538 pounds ($ 747.01) on average for their full car insurance …