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Fulfilling its commitment, Serum Institute of India has produced over 10 crore doses of its Covid-19 vaccine Covishield in June so far as India ramps up the pace of its vaccination drive in the face of a possible third wave of the viral infection. India’s Covid-19 inoculation drive has picked up pace under the new […]
Serum Institute of India produces over 10 crore doses of Covishield in June Read More »
Kotak Special Situations Fund (KSSF), one of the largest special situation, credit and distressed asset funds, has invested over half of its USD 1-billion initial corpus in eight companies, and will scout to raise a similar amount from investors later this year or early next year, a top company official has said. Kotak Investment Advisors,
USD 1-bn corpus: Kotak Special Situations Fund invests USD 502 mn so far Read More »
(This story originally appeared in on Jun 26, 2021) Truck and bus maker will set up a ‘mother plant’ in India under its UK-subsidiary Switch for its electric vehicle business. Switch UK will set up an Indian entity which in turn will put up the plant. The company’s entire electric vehicle business will move to
Ashok Leyland to set up ‘mother EV’ plant in India under UK-subsidiary Switch Read More »
(This story originally appeared in on Jun 26, 2021) MUMBAI: The banking sector has recorded its highest ever profits of Rs 1,02,252 crore in FY21, a year when the economy was battered by the pandemic. This is a significant turnaround compared to a net loss of nearly Rs 5,000 crore for the industry in FY19.
In Covid year banks see record profit of Rs 1 lakh crore Read More »
Petrol and diesel became costlier in Delhi on Saturday after prices were hiked by 35 paise per litre. Petrol is retailing at Rs 98.11 per litre while diesel prices in the national capital are at Rs 88.65 per litre. In Mumbai, petrol is selling at Rs 104.22 while diesel is retailing at Rs 96.16 per
Petrol diesel price rises again on Saturday after a day’s pause Read More »
Who should go for it? According to Abhishek Mane, the founder of solar startup Deeva Solar, if your monthly electricity bill is about Rs 3,000, then you should opt for rooftop solar. For that, you’ll of course need to have enough sun-lit space for the solar panels to be installed. Housing societies, especially, should go
Want to go green with solar? Here’s everything you need to know Read More »
NEW DELHI: The development of green buildings should be promoted across the country and a campaign should be run to create awareness that the difference in construction costs for such properties and conventional ones is marginal, a senior government official said on Thursday. Addressing a webinar, Surendra Kumar Bagde, Additional Secretary, Ministry of Housing and
The primary factor driving PE investments is the expectation that the economic environment is set to improve, which would result in a rise in property prices.Developers have been quick to catch the changing market sentiment that is looking positive after several quarters of pessimism. While home buyers are still showing caution and staying away from
Angel investors lapping up unsold inventory Read More »
AHMEDABAD: The standing committee of the Ahmedabad Municipal Corporation (AMC) on Thursday announced an extension in the deadline for the advance rebate scheme for property tax payments to July 15. As part of the scheme, people who pay their property taxes by July 15, can claim a 10% rebate. The standing committee also announced rent
Ahmedabad civic body extends property tax rebate deadline to July 15 Real Estate News Read More »
In the last one year, due to adverse macro-economic sentiments the prices have been stagnant in this micro market.By Surabhi Arora The Southern Peripheral Road (SPR), a 150 metre wide road is a part of New Gurgaon that is drawing attention of many end-users and investors. It is positioned as an up-market location which is
Southern Peripheral Road: Future hub of New Gurgaon Read More »
AHMEDABAD: Covid-19 and increased adoption of work-from-home (WFH) have hit office rentals in Ahmedabad. The average office space rentals in the city have declined in the range of 5% to 20% since the outbreak of the pandemic. The drop in rentals, according to industry stakeholders, varied depending upon the size and location as well as
Covid brings down office rentals by 5-20% in Ahmedabad Real Estate News Read More »
By: Anshumali Ruparel The dust is fast settling on the euphoria about the income tax reliefs announced for individual tax payers in the Union Budget. The reality is gradually surfacing that there are neither queues for home loans nor a rush at the sales counters. The finance minister has been more cautious than generous. “It
Tax sops irrelevant for outpriced buyer Read More »