Bird Group to open three hotels in India in next 3-4 years
NEW DELHI: Bird Group on Tuesday said it is looking to open three luxury hotels under its brand ‘Roseate Hotels and Resorts’ in India and Middle East in next 3… Read more »
Daily Archives: March 7, 2019
Cement Corporation of India invites bids for strategic sale of Nayagaon unit
NEW DELHI: Cement Corporation of India Ltd (CCIL) has initiated the process of sale of one of its non-operating units Nayagaon Cement Factory and has invited bids from potential buyers…. Read more »
Over 200 people get flats in Dehradun
DEHRADUN: For Phool Chand, a gardener, it was a dream come true when he got an allotment letter for a one-room flat from Uttarakhand Chief Minister Trivendra Singh Rawat at… Read more »
No evidence to support Cobrapost’s allegations on DHFL: Auditor
BY Tanvi Mehta India’s Dewan Housing Finance Corp (DHFL) did not create shell companies to divert funds, but deviated from internal lending practices which exposes a significant amount of loans… Read more »
NHB proposes higher capital adequacy for housing finance companies
NEW DELHI: To improve solvency of housing finance companies, the regulator National Housing Bank (NHB) has proposed to increase capital adequacy ratio to 15 per cent in a phased manner…. Read more »
Bank of Baroda slashes lending rate by 10 basis points
NEW DELHI: State-owned Bank of Baroda (BoB) Tuesday cut benchmark lending rate by 0.1 percentage points, a move that would make home, auto and other loans cheaper. The bank has… Read more »
GST authority finds Haryana-based S3 Infra Reality guilty of profiteering
NEW DELHI: The anti-profiteering authority has found Haryana-based real estate developer S3 Infra Reality guilty of not passing GST rate cut benefit totalling Rs 1.48 crore to its buyers of… Read more »
Cheaper home loans on anvil as majority of banks brace for 5-10 bps cuts by March 31
NEW DELHI: After initial dithering, banks are now falling in line to cut interest rates after the RBI asked them to do so last month. A low interest rate cycle… Read more »
CBDT notifies relaxed norms for start-ups
NEW DELHI: The income tax (I-T) department has notified the modified norms for start-ups to enable them to seek ‘angel tax’ exemption for investments of up to Rs 25 crore…. Read more »