Housing finance growth may slow to 15% this fiscal due to NBFC crisis
NEW DELHI: Housing finance growth is set to slow down to 13-15 per cent this fiscal, lower than the average of the past three years, due to the lingering liquidity… Read more »
Monthly Archives: June 2019
Jaypee Infratech creditors to meet on June 20 to decide future course
NEW DELHI: Jaypee Infratech’s creditors, which include banks and home buyers, will meet on June 20 to assess the progress of the ongoing insolvency process and decide future course of… Read more »
400 new flats to be built for MPs in Lutyens’ Delhi using construction waste
NEW DELHI: The government of India has decided to demolish 400 old flats and construct new ones in their place in Lutyens’ Delhi for Members of Parliament using construction waste…. Read more »
IDBI Bank cuts MCLR by 5-10 bps across various tenors
MUMBAI: Life Insurance Corporation of India (LIC)-owned IDBI Bank on Wednesday reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points across various tenors, with immediate… Read more »
Andhra Pradesh government stops sand mining with immediate effect
AMARAVATI: The Andhra Pradesh government on Tuesday decided to stop sand mining with immediate effect. Mines and Geology Minister Peddireddi Ramachandra Reddy said: “New sand mining policy will be introduced… Read more »
WeWork considers $1.9 billion offer for 70% stake in WeWork India
BY: Sathvik N BENGALURU: Shared office space manager WeWork Cos is exploring a deal to take majority control of its affiliate WeWork India ahead of the New York-based company’s plans… Read more »
Delhi notifies draft parking policy, allows free parking in residential areas
NEW DELHI: The Delhi government has notified its draft parking policy discouraging on-street and banning footpath parking while allowing free parking in residential areas. The government had come out with… Read more »
Indiabulls petitioners withdraw from Supreme Court amid hints of criminal conspiracy
NEW DELHI: Indiabulls Housing Finance Ltd. said on Thursday that Abhay Yadav, the petitioner who alleged that the company and its Chairman Sameer Gehlaut misappropriated funds, withdrew his writ petition… Read more »
SEBI, MCA probing PWC’s resignation as auditor of Reliance Home Finance
NEW DELHI: Regulator SEBI and the Ministry of Corporate Affairs are looking into the sudden resignation of PWC as auditor of Reliance Capital and Reliance Home Finance and have asked… Read more »
India approves SEZ amendment bill to permit trusts to set up units
NEW DELHI: A bill to amend the special economic zones law will be introduced in the ensuing session of Parliament to replace an ordinance promulgated in March which will allow… Read more »