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The private sector has declared accounts of and Reliance Commercial Finance a fraud with combined loan outstandings of over Rs 160 crore to the lender. The bank has reported to the Reserve Bank regarding frauds in the credit facilities extended earlier to two listed companies — Reliance Home Finance with loan outstanding of Rs 21.94 […]
State-owned Bank of Maharashtra (BoM) has become top performer among public sector lenders in terms of retail and MSME loan growth during 2020-21. The Pune-based lender recorded a 35 per cent growth in MSME loans at Rs 23,133 crore in 2020-21, according to the BoM data. It was followed by the Chennai-based which posted a
Bank of Maharashtra tops PSU bank chart in MSME loan growth in FY21 Read More »
The joint venture floated by Centrum Group and digital payments startup Bharatpe for launching a small finance bank will infuse Rs 1,800 crore capital into troubled Punjab & Maharashtra Cooperative Bank (PMC) on its merger with the proposed bank, a top Centrum official has said. Last Friday, the Reserve Bank gave an in-principle approval to
Centrum-Bharatpe joint venture to pump Rs 1800 crore into PMC on merger Read More »
European telecom gear vendors Ericsson and Nokia have told the government that the customs duty imposed on components for telecom equipment will impact the cost effectiveness of local manufacturing at a time when a similar levy on finished products hasn’t been increased correspondingly. Nokia’s India head Sanjay Malik told ET that the duty hike will
Reckitt Benckiser has reverted to its original structure in India of one executive head for the geography, elevating Gaurav Jain as the overall chief of the company in the country four years after it had split the business into healthcare and hygiene revenue streams. Jain, so far, had been in-charge of the India health business.
Gaurav Jain is India Chief of Reckitt Benckiser Read More »
United Spirits, India’s biggest spirits company, is entering into the craft spirits segment by launching a new whiskey, its first local brand launch in nearly two decades. The new brand—United’s Epitome Reserve—is part of USL’s wider strategy to build a premium craft spirits portfolio in India, the company said. “It is about testing Indian craftsmanship
United Spirits forays into craft spirits with new whiskey Read More »
A new research conducted by Parel-based Indian Council of Medical Research-National Institute of Research in Reproductive Health (ICMR-NIRRH) shown antigen negative tests came positive when retested with RT-PCR for 33.7% of the total samples collected. This is a crucial part of the the state’s Covid puzzle since 60% of daily Covid-19 tests in Maharashtra are
AMARAVATI: Dismissing the campaign against the new property tax regime in urban areas, the government said reforms would reduce tax for lakhs of assessees. The government clarified that the new system would end corruption in urban local bodies and strengthen their finances. The government carried out a study on apprehensions raised by opposition parties and
Andhra Pradesh government Real Estate News Read More »
While developers expect sales to grow, buyers should take a hard-nosed look before making a decision.Festival season 2014 is different for the real estate sector as developers are betting on the renewed market sentiment coupled with tradition to see their sales counters abuzz with activity. Last year, the season, which begins with Ganesh Chathurthi and
High hopes this festival season Read More »
NEW DELHI: Private sector Karnataka Bank has declared accounts of Reliance Home Finance and Reliance Commercial Finance a fraud with combined loan outstandings of over Rs 160 crore to the lender. The bank has reported to the Reserve Bank regarding frauds in the credit facilities extended earlier to two listed companies — Reliance Home Finance
Karnataka Bank declares loan to Reliance Home Finance as fraud Real Estate News Read More »
By: Santhosh Kumar There is increased buoyancy in the market after the arrival of the new government, especially after the Budget has set the ball rolling for the real estate sector. With allocation of more funds for affordable housing, easing of FDI norms, implementation of REITs and special focus on infrastructure development, the government has made
Noida: Preferred destination for new realty projects Read More »
SURAT: Diamond City expedited execution and management of various projects under the Smart Cities Mission to catapult itself to the top position among top 20 smart cities in the country. Earlier the city was ranked fourth in the ranking declared by the union ministry of housing and urban affairs. “We were placed fourth, while Ahmedabad
Surat climbs to top among smart cities Real Estate News Read More »