UP RERA asks developers to apply for stress fund
Central government has proposed Rs 25,000 crore stress fund out of which Government of India shall infuse up to Rs 10,000 crore and the rest shall be contributed by Banks, LIC and other sources.
Delhi, NCR commercial developers hit hard
Companies facing up to Rs 1-crore loss a day due to SC’s construction ban in the wake of rise in ai...
Parliament okays corporate tax cut; FM says software developers, miners not eligible for lower rates
Replying to a debate on the legislation,...
Nitin Gadkari rues hurdles being faced in road projects across country
Gadkari also asked all MPs to remain aware about road projects in their respective constituencies and help in resolving problems coming on the way of constructing roads and bridges.
Top developers focus on delivery to pare debt
Listed real estate players, cautious about debt level and new launches, are focusing on execution and deliveries of residential apartments, helping push down debt but also garnering more market share.
Govt healthcare institutions can consider developing training courses for caregivers: President Kovind
The president was speaking at an event to present the National Florence Nightingale Awards to 36 nurses for their meritorious services in the healthcare sector. Kerala's Lini Puthussery, who died due to Nipah virus infection in May last year, was awarded posthumously for her "unsurpassed dedication in taking care of patients during the Nipah virus outbreak in the state".
Qualcomm working with Jio, Flipkart, Amazon to develop 5G use cases for India
Qualcomm’s plans to be a 5G ecosystem enabler in India and participate in the development of country-specific 5G use cases comes at a time when sections in the government and also among India’s older telcos have often maintained that globally popular 5G use cases such as automated cars to robotics surgery won’t work in the India context.
India committed to partnering with Maldives for its development: Narendra Modi
The prime minister said that "as a close friend and maritime member, India is committed to partnering with the Maldives for democracy and development".
MCXCCL first Indian clearing corporation to get ESMA recognition
European participants shall be able to apply lower risk weightage towards their exposures to MCXCCL and be benefitted towards lower capital requirements.
Cabinet approves developing 5-star hotel at Pragati Maidan
The India Trade Promotion Organisation (ITPO), which manages the Pragati Maidan, will undertake a mega project to redevelop the land into a world class International Exhibition and Convention Centre, Information and Broadcasting Minister Prakash Javadekar said.
JSW Infra lends support to Suraksha Realty in turnaround of Jaypee Infratech
JSW Infra said it has issued a letter of support to Suraksha Realty to give financial, strategic and technical assistance in the delivery of pending flats to Jaypee homebuyers within the timeframe. Suraksha Realty and state-run NBCC on Tuesday submitted their final bids to acquire bankrupt realtor Jaypee Infratech through the insolvency process.
Share market update: Telecom shares mixed; Vodafone Idea slips 3%
The S&P BSE Telecom index was trading 1.25 per cent down at 1121.27 .
Maha govt suggests merger of troubled PMC Bank with MSC Bank
The PMC Bank has been put under restrictions by the RBI, after an alleged Rs 4,355 crore scam came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors. At least eight depositors, who had high quantum of money stuck with the bank, died in the last couple of months, including one who committed suicide.
Edelweiss maintains buy on GMR Infrastructure, target price Rs 25
The GMR stock may come under pressure in the short term having lost out on the bid for Jewar Airport.
Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management
As per Panasonic India’s latest regulatory filings with the Registrar of Companies (RoC) accessed through business intelligence platform Veratech Intelligence, revenue from operation dropped 10.6% year on year in 2018-19 at Rs 4,758.62 crore, while its net loss more than tripled at Rs 459.58 crore against Rs 131.88 crore in FY18.
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