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WHY ARE CAR REPOSSESSIONS INCREASING
TSA wait times spike at Houston, O'Hare, Newark, Baltimore, Detroit, Cincinnati: If you are flying, start earlyAirports across the United States are experiencing severe disruption as TSA wait times surge at major hubs. The ongoing DHS shutdown has le...- Caterpillar stock skyrockets 14% after stellar Q3 earnings - what went right for the bulldozer maker?Cat stock: Caterpillar's stock saw a significant jump after the company announced its third-quarter 2025 financial results. Earnings surpas...
- Car repossessions hit 15-year high in America — experts warn this could signal a looming recessionCar repossessions US recession warning: Car repossessions in the United States have reached a 15-year high. Over 2.2 million vehicles were ...
- Pre-owned vehicle demand is very buoyant, heavy vehicle demand has picked up: Ramesh Iyer“Overall, the demand has been pretty good, the sentiments are very positive in rural India. There were some remarks received from some othe...
- Banks’ jewellery, auto auctions to riseAccording to RBI data, loans against jewellery by banks stood at Rs 62,221 crore as of June 18, 2021 — an 80% increase over the previous ye...
- A million Indians waiting to buy a car, used and unusedIf a shortage of parts has further extended the waiting period for new cars and SUVs, fewer people replacing their old cars for new and a f...
- Buying a used car? You will soon have a lot more choicesAccording to OLX India, demand for used cars on its platform was 133% more in August than February this year. Growth in supplies in the per...
- Sale of used cars in top gear in India amid coronavirus pandemicPandemic is only the latest blow; the headwinds have been gathering for the industry for a while. In 2019-20, passenger vehicles sales dipp...
- We do not fear a spike in NPAs: Mahindra FinanceFor the current NPA numbers, we may not need to take additional coverage or additional provision.
- Used car, bike sales grow on fear of public transportWhile banks and NBFCs are still reluctant to finance used bikes, the good news is the financing penetration has gone up in pre-owned cars a...
- Trucks move into fast lane in May as curbs easeCapacity utilisation was 30-35% in May with transport of essential goods — including medicines and specific food items — at pre-Covid level...
- I can confidently tell you there is no pressure on our margin: Ramesh Iyer, M&M Financial ServicesWe enjoy many advantages, our growth won't slow, said the managing director.
- Turns out, refraining from bad behaviour towards your partner is more important than positive gesturesCompared with positive behaviour, negative ones tend to trigger more intense and immediate responses.
- High GST may taper leasing industry growthApart from GST rates, there are other issues like input tax credit, penal interest/charges for delayed remittance of EMI and sale of reposs...
- US subprime auto loan losses reach highest level since the 2008 crisisWith losses increasing, investors in bonds backed by car loans are demanding higher returns, as reflected by yields, on their securities.
- Platinum widens spread over gold on supply concernsPlatinum climbed for a third day, widening its spread over gold to the biggest since August 2011, on concern that global supply will drop t...
- Financially-stressed airlines to be under DGCA lensAircraft of financially-strained airlines are set to come under the scanner to ensure that the crippling cash crunch does not lead to compr...
- IBA favours self-regulatory loan recovery practices by banksThe Indian Banks’ Association (IBA) is in favour of self-regulation by banks with respect to practices adopted by lenders for recovering pe...
- Legal framework needed to protect lenders and defaultersWith a high default rate of over 10%, recovery agents are here to stay. What's needed is a legal framework to protect both lenders and defa...
- By default, it’s a tough betWith a high default rate of over 10%, recovery agents are here to stay. What’s needed is a legal framework to protect both lenders and defa...
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