Love mangoes? Try this 2-ingredient jam recipe at home

It is the season of mangoes and if you are fan of the fruit, you can consume it in various forms — shakes, desserts — and also incorporate it in a variety of dishes. But have you tried making fresh mango jam at home? All you need are raw and ripe mangoes and some sugar. Celebrity chef Kunal Kapur took to Instagram to show how to make the jam using a very simple recipe that he learnt from his mother. “Jam is the joy you can spread without worrying about the…

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Institutional investment in real estate drops 12% in FY20 at nearly $4.5 billion: Report

Institutional investment in Indian real estate fell 12 per cent to $4.48 billion (around Rs 33,800 crore) last fiscal year on lower economic growth and uncertainty over the coronavirus pandemic, US-based property consultant Vestian said. “The fiscal year 2020 saw a total institutional investment of $4,480 million. This depicted a decline of 12 percent when compared with the quantum of investment in the previous year fiscal year 2019,” Vestian said in the report. During the fourth quarter of the last fiscal, institutional investment in real estate dropped 44 percent to…

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Google considering taking stake in Vodafone Idea: Report

Google’s parent company Alphabet Inc is also looking to buy some stake in Vodafone Idea’s rival Reliance Jio Infocomm, the newspaper reported. Global internet giant Google is looking to buy up to 5 per cent stake in debt-laden Vodafone Idea, the Financial Times reported Thursday. Google’s parent company Alphabet Inc is also looking to buy some stake in Vodafone Idea’s rival Reliance Jio Infocomm, the newspaper reported, without providing details. The report comes almost a month after social media giant Facebook picked up 9.9 per cent stake for Rs 43,574…

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Low-risk mutual funds investment: Long-term gilt funds a good choice now

Gilt funds are taxed like debt mutual funds. Short-term capital gains are taxed as per the investor’s income tax slab if the units are redeemed before three years. At a time when many categories of debt mutual funds are reporting redemptions, investors are buying gilt funds as they are safer because there is no credit risk. In April, gilt funds saw net inflows of Rs 2,515 crore as compared with net outflows in funds such as Rs 19,239 crore from credit risk funds, Rs 6,841 crore from low duration funds…

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PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore.  “Loans worth over Rs 6.45 lakh crore were sanctioned…

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Risk-wary banks may stall small business rescue

Banks wary of bad loans could derail the government’s mega rescue package for small enterprises, industry officials said, since much of the promised money is to be given out as loans. Finance minister Nirmala Sitharaman on Wednesday announced ₹3 trillion collateral-free loans and partially guaranteed ₹20,000 crore of subordinated debt for cash-starved micro, small and medium enterprises (MSMEs). However, the whole plan hinges exclusively on greater lending by banks, which have so far preferred paltry interest from the central bank to greater returns from riskier loans. Experts said private banks…

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