Housing sales reviving, FY21 sales seen 40-50% down
NEW DELHI: Although demand for residential properties have recovered in the past couple of months to pre-pandemic levels, the overall primary sales is likely to fall 40-50 per cent in the top 10 cities during the current financial year, according to a Crisil report. The report noted that, while the overall rebound in real estate […]
Moody’s revises India’s FY21 GDP contraction to (-)10.6%
NEW DELHI: Moody’s Investor Service on Thursday revised the contraction rate of India’s FY21 GDP to (-) 10.6 per cent from an earlier estimate of (-) 11.5 per cent. The revision comes days after the Centre announced new stimulus measures. Besides, Moody’s revised the forecast for the next financial year ending March 2022. It now […]
Bitcoin crosses $18,000 mark ‘driven by institutional players’
NEW DELHI: Bitcoin prices are rising again for the past three months and it has now surpassed $18,000 (approximately Rs 13.3 lakh) per unit price zone for the first time since 2017. The crypto asset has climbed a whopping 54 per cent during the last 30 days, leading to its new high of the year […]
IFIN to sell external corporate loan book worth Rs 5,000 crore
NEW DELHI: IL&FS Financial Services (IFIN) will put its external corporate loan book worth around Rs 5,000 crore up for sale, sources said. The corporate loans would be auctioned through bid process. The loan book includes loans to over 70 companies that have turned non-performing assets (NPA). The public process of inviting bids will be […]
Karnataka eyes 50% of $100 billion bio-economy by 2025
BANGALURU: Karnataka has set a target of achieving 50 per cent market share of the $100-billion national bio-economy by 2025, said Chief Minister B.S. Yediyurappa on Thursday. “We have set a target of achieving 50 per cent market share of the $100-billion national bio-economy in the next five years, as the state has been at […]
Indian Railways gets 120 applications for passenger train operation
NEW DELHI: Indian Railways has completed the Request for Qualifications (RFQ) evaluations for PPP in passenger train operation project and out of 120 applications, 102 were found eligible to participate for Request for Proposal (RFP) stage, a press release by the Ministry of Railways said. The ministry had invited RFQ for private participation in operation […]
China has no theological basis to pick the next Dalai Lama: US
By Lalit K Jha WASHINGTON: China has no theological basis to pick the next Dalai Lama, according to a top US diplomat, asserting that the Tibetan Buddhists have successfully picked their spiritual leader for hundreds of years. I travelled to Dharamshala, India to speak to the Tibetan community that were assembled there in exile and […]
Singapore needs more talent for growth of tech industry: Lee Hsien Loong
By Gurdip Singh SINGAPORE: Singapore Prime Minister Lee Hsien Loong has said the country needs more talent in technology and hoped that a newly-announced work pass will help it attract “highly accomplished” individuals in the field, a media report said on Wednesday. Lee, who delivered his keynote speech to the Singapore Tech Forum 2020 on […]
Transfer of power will be orderly and happen right on time: Top Republican leader
By Lalit K Jha WASHINGTON: The transfer of power from Donald Trump to Joe Biden’s administration would be “orderly” and happen “right on time,” according to a top Republican leader and Senator Mitch McConnell. Last week, the mainstream media declared Biden as the winner of the presidential election after the 77-year-old former vice president crossed […]
A 20% price hike estimated to increase Airtel,Jio, and Idea’s ARPU :Motilal Oswal Financial Services
NEW DELHI: According to a telecom sector report from Motilal Oswal Financial Services, discussion with with industry experts indicate that a price hike could be around the corner and may be anticipated soon as economic activity has restarted post the COVID-led lockdown and demand for data consumption is growing unabated. The timing of a price […]