Housing finance companies to be treated as NBFCs: RBI
MUMBAI: The Reserve Bank of India (RBI) on Tuesday said housing finance companies (HFCs) will be treated as one of the categories of NBFCs for regulatory purposes and it will… Read more »
Daily Archives: August 14, 2019
India issues guidelines for Rs 1 lakh crore partial guarantee scheme for NBFCs
NEW DELHI: The government of India has issued guidelines on operationalising Rs 1-lakh crore partial guarantee scheme under which public-sector banks can purchase high-rated pooled assets of financially sound non-banking… Read more »
Japan’s Softbank plans to invest in Punjab’s real estate sector
CHANDIGARH: Japan’s Softbank Group on Tuesday evinced interest to invest in Punjab’s real estate sector, with focus on student housing through OYO startup. Indian hotel start-up OYO is backed by… Read more »
DDA to offer running scheme for commercial properties online
NEW DELHI: The Delhi Development Authority (DDA) on Tuesday approved a proposal for launching an online running scheme for 225 commercial built-up properties on a first-come-first-serve basis, officials said. The… Read more »
Birla Corporation to increase cement capacity to 25 mtpa by 2025
KOLKATA: Birla Corporation Limited, the flagship company of the M P Birla Group, plans to scale up its cement capacity to 25 million tonne per annum (mtpa) by 2025 with… Read more »
Bombay High Court irked over stay orders on razing of illegal structures in Alibaug
MUMBAI: The Bombay high court on Tuesday said it failed to understand why local civil courts granted injunction orders on demolition of illegal private structures along the Alibaug beachfront in… Read more »
NCDRC directs Unitech to give possession of plot, interest to home buyer
NEW DELHI: The National Consumer Disputes Redressal Commission (NCDRC) has asked real estate giant Unitech to deliver to a Gurgaon resident a plot in Punjab, along with compensation on the… Read more »
Coffee Day Enterprises to sell its Bengaluru tech park to Blackstone for up to Rs 3,000 crore
NEW DELHI: Cafe chain operator Coffee Day Enterprises on Wednesday announced sale of its Global Village Tech Park in Bengaluru to Blackstone for up to Rs 3,000 crore to cut… Read more »
Grasim Industries’ net profit rises 27.6% to Rs 17.9 crore in Q1 FY20
NEW DELHI: Grasim Industries Ltd, part of Aditya Birla Group, on Wednesday reported an increase of 27.66 per cent in its consolidated net profit to Rs 17.86 crore for the… Read more »
WeWork posts $900 million loss as it preps for IPO
NEW YORK | BENGALURU: WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first half… Read more »