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Housing is an important sector of the Indian economyBy: PSN Rao Housing is an important sector of the Indian economy with backward and forward linkages with over 260 industries and is a major employment generator only after agriculture. As per estimates of the Central Statistics Office, the housing sector contributes as much as 5 per […]
Houses locked out amid shortages Read More »
NEW DELHI: Authum Investment and Infrastructure Ltd has emerged as the highest bidder for Reliance Home Finance (RHF), a group company of the debt-ridden Anil Ambani-promoted Reliance Group, with about Rs 2,900 crore offer. Sources said lenders led by Bank of Baroda would receive Rs 2,587 crore or 90 per cent upfront and the remaining
Mumbai-based non-banking finance company Authum Investment and Infrastructure has been declared as the preferred bidder for Anil Ambani’s debt laden Ltd (RHFL) with over 90% of the creditors voting for the company. Saturday was the last date for the voting which started on May 31 and creditors which included private and public sector banks and
Mumbai-based NBFC Authum Investment wins Reliance Home with more than 90% votes 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
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 »
The domestic life insurance industry may see pressure on its profitability in the short-term as the coronavirus pandemic has cast doubt on the certainty related to morbidity and mortality in the country, ICICI Prudential Life said in its annual report. India became an epicentre with a spike in cases in the second wave of the
CP ORDERS SPECIAL CHECKING IN PGs TO ENSURE SAFETY AND SECURITY OF SOCIETY SAYS, PG OWNERS NEED TO ADHERE TO MANDATORY POLICE VERIFICATION FOR THEIR TENANTS ALSO ASKS TO BEEF UP SECURITY ARRANGEMENTS AT ALL VULNERABLE POINTS BESIDES KEEPING A VIGIL OVER CRIMINALS OUT ON BAIL Jalandhar, June 18 (TECHNO NEWS): Commissioner of Police Gurpreet Singh Bhullar
JAIPUR: In a first, all districts of Rajasthan, except two, featured among the top 100 districts in the country in terms of performance under Pradhan Mantri Awas Yojana-Grameen (PMAY-G), states data received from the rural development department. Also, six districts of Rajasthan featured among the top 10 districts, 14 among the top 25 and 22
Rajasthan’s 31 districts feature among top 100 in India Real Estate News ET RealEstate Read More »