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The government has notified the transfer of capital assets from Air India to Air India Asset Holding Ltd (AIAHL), as part of the government’s plan. It also exempted the national carrier from tax collected at source provisions under the income tax laws on sale of goods, including shares, to the special purpose vehicle. In four […]
KONA Electric Hyundai at Auto Expo 2020, in Greater Noida, India. Synopsis Carmakers have learnt a great deal from their early experiences with EVs. As niche products with higher driving ranges and price tags fail to excite Indian customers, OEMs are striving to come up with affordable vehicles. But most of them would need at
Afghanistan was always a graveyard for empires and now of reputations. The USA has learnt it the hard way. As has India. Till a couple of years ago, we sat at the head table of nations deciding the future of this turmoil-ridden country. However, a fortnight ago, Delhi was forced to wind up its embassy
How India should deal with the Taliban – Cover Story News Read More »
The Covid-19 pandemic may have confined Indians to their homes in the past year and a half, but amidst the gloom and doom there was one sector that was experiencing a boom: streaming entertainment. A whole new breed of content creators and distributors from the brave new world of Over The Top (OTT) platforms brought
The begums of binge – Cover Story News Read More »
File Photo SHANGHAI: Bonds and shares of China Evergrande Group deepened their rout on Tuesday, with one exchange-traded note tumbling more than 20%, as the company faced fresh downgrades over its ability to restructure its massive debts. Debts at Evergrande, the country’s No. 2 developer, have triggered warnings from regulators worried that its 1.97 trillion
Representative Image HONG KONG: China’s biggest housing broker KE Holdings is planning a Hong Kong stock market listing and has hired Goldman Sachs to lead a float, two people with direct knowledge of the matter told Reuters. Beijing-based KE, which is backed by Tencent Holdings and SoftBank Group Corp, raised $2.1 billion in its New
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Shareholders of Devas Multimedia on Tuesday said they will continue to pursue enforcement of the $1.3 billion arbitral award won against the commercial arm of India’s space agency in 2015. They however said reports of a $1 billion settlement between the Indian government and British Cairn Energy was encouraging.“The reports of a settlement are encouraging,”
Realty developer Runwal Group has ventured into redevelopment of old and dilapidated buildings and slum rehabilitation projects in the country’s financial capital Mumbai with an investment outlay of more than Rs 1,000 crore in this new business vertical for future growth and portfolio expansion.As part of this new growth strategy, the developer has acquired a
Runwal Group ventures into redevelopment, slum rehabilitation realty projects Read More »
Ami Parikh, former head of legal and compliance at consumer credit reporting company Experian India, joins the country’s largest decorative paint company Ltd as General Counsel to head its legal and compliance.Parikh will be responsible for heading the legal and compliance for the paint company that operates in 14 countries and has 26 paint manufacturing
CHANDIGARH: What to do with land worth Rs 1,200 crore? Build a hospital, or a convention centre? No, developing it into a commercial area sounds better? Why not a group housing society? All these options will be on the table when a key meeting of the UT administration takes place next week, according to a
Administration plots its move for Rs 1,200 crore land, Real Estate News, ET RealEstate Read More »
NAGPUR: A dispute between the city’s two planning authorities — Nagpur Municipal Corporation (NMC) and Nagpur Improvement Trust (NIT) — has prolonged the dreams of 317 families to construct houses on their hard-earned plots. There is no clarity whether the NMC or the NIT is the planning authority for land situated under green belt schemes.On
AURANGABAD: The Aurangabad Municipal Corporation (AMC) has released the list of 52 agencies that have been appointed for preparing proposals for regularization of Gunthewari properties within the municipal limits of the city.“The civic administration has started the implementation of amended Maharashtra Gunthewari Developments (Regulation, up-gradation and Control) Act. The appointed agencies have been asked to