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The Haryana government on Saturday announced reducing power tariff by 37 paise per unit for electricity consumers in the state. An announcement in this regard was made by Chief Minister Manohar Lal Khattar. With this move, electricity consumers will get relief of about Rs 100 crore per month, an official spokesperson said. He said the […]
Haryana to reduce power tariff by 37 paise a unit Read More »
The National Company Law Appellate Tribunal (NCLAT) has stayed the operation of the orders of the first bench of the National Company Law Tribunal (NCLT) here, upholding the sale process of the properties of Appu Hotels for Rs 423 crore under the Insolvency and Bankruptcy Code. MGM Healthcare is said to be the successful purchaser
NCLAT stays order of NCLT against Appu Hotels Read More »
India has made no commitment to submit fresh targets for cutting greenhouse gas emissions, a senior official from the environment ministry said on Saturday while dismissing reports that the country has missed the deadline set by the UN climate change agency to provide an update. A foreign news agency has reported that India and China
on Saturday said it will launch 16 new flights, including direct services connecting Bhavnagar with the national capital, Mumbai and Surat. The budget carrier will also start 10 more flights that will connect Gwalior with Jaipur, Kishangarh (Ajmer) with Mumbai, Belagavi with Delhi and Vishakhapatnam with Bengaluru, besides adding an additional frequency on the Delhi-Jammu
SpiceJet to launch 16 new flights Read More »
Private lender on Saturday posted a net loss of Rs 630 crore at the end of the June quarter, with provisions more than doubling from the year-ago period. The lender had reported profits of Rs 93 crore a year ago. Net Interest Income grew by 25% YoY to Rs 2,185 crore, up from Rs 1,744
IDFC First Bank logs Rs 630-crore loss in Q1 on pandemic provisions Read More »
KOLKATA: The Centre is in constant touch with West Bengal government for implementation of the new tenancy act, which could change the real estate landscape, feels Durga Shanker Mishra, the secretary of Union ministry of housing and urban affairs. Addressing the members of the Bharat Chamber of Commerce at an exclusive e-Session on ‘Transformation in
Centre in talks with West Bengal government on new tenancy law, Real Estate News Read More »
Just a day before Raghuram Rajan took over from Duvvuri Subbarao,the Reserve Bank of India restricted banks and housing finance companies from funding the 80:20 scheme floated by developers. The restriction will raise the upfront cost of a home loan but makes the banks aware of the risks in giving out loans where the collateral
RBI clamps down on easy money for developers Read More »
DEHRADUN: Planning a crackdown on unauthorised hostels, Dehradun Municipal Corporation (DMC) will now charge commercial tax from such property owners.Following the orders of the Dehradun municipal commissioner, Vinay Shankar Pandey, the officials from DMC had carried out a survey of hostels active in the city in nearly 20 localities.During the survey, the officials found that
The 80:20 scheme had benefited developers as they were getting funds at home loan rates. With the RBI restrictions finances would be dearer,pushing up construction costs at a time when demand is weakJust a day before Raghuram Rajan took over from Duvvuri Subbarao,the Reserve Bank of India restricted banks and housing finance companies from funding
RBI clamps down on easy money for developers Read More »
CHENNAI: The Madras High Court on Thursday directed the Tamil Nadu Director General of Police to probe the complaints of monopoly and cartelisation by cement manufacturing companies.Justice V Bhavani Subbaroyan, who gave a direction to this effect, also directed the Director General, Investigation of the Competition Commission of India (CCI) to look into the allegations
As more internet portals offering real estate deals come up,the monopoly the broker had over information has ended. That does not mean the end of brokers for there is no substitute to the essential services they provide. The past two years havent been the best for the real estate sector that is witnessing the effects
Real estate: No writing-off the broker Read More »
After propelling India’s rockets and satellites up above the world’s so high, three former employees of Indian Space Research Organisation (ISRO) are now propelling electric vehicles — light and heavy commercial vehicles on the Indian roads. In addition to that, they also run a logistics company with their electric light commercial vehicles (LCV). Actually, it
Three ex-ISRO employees go from propelling rockets/satellites to propelling E-LCVs Read More »