Supreme Court asks Amrapali home buyers to clear their dues as per payment plan
NEW DELHI: The Supreme Court on Friday warned that the flat buyers of Amrapali Group who are not clearing their dues as per the payment plan should not be in any kind of delusion as their units can be cancelled and will be considered as unsold inventory. A special bench of Justice U U Lalit […]
Karnataka cabinet decides to ban online gambling
BENGALURU: The Karnataka Cabinet on Saturday decided to impose a ban on online gambling or betting. However, lottery and horse racing have not been prohibited. “We are amending the Karnataka Police Act, with an intention to put an end to online gambling, on the basis of the High Court directions. The cabinet has approved the […]
HDFC Life to acquire Exide Life Insurance for Rs 6,687 crore
NEW DELHI: Private life insurer HDFC Life Insurance Friday said it will acquire Exide Life Insurance from Exide Industries in a deal worth Rs 6,687 crore. The board of directors of HDFC Life Insurance Company (HDFC Life), Exide Industries and Exide Life Insurance Company approved the transaction involving the sale of Exide Life Insurance to HDFC […]
J B Mohapatra appointed as Chairman of Central Board of Direct Taxes
NEW DELHI: Senior bureaucrat J B Mohapatra has been appointed the chairman of the Central Board of Direct Taxes (CBDT), the Personnel Ministry said in an order Wednesday. Mohapatra, a 1985-batch Indian Revenue Service (Income Tax) officer, is currently the member in the board that frames the policy for the Income Tax department. The Appointments […]
PayU acquires BillDesk for $4.7 billion
NEW DELHI: In one of the biggest deals in the Indian consumer internet space, global player Prosus NV on Tuesday said its fintech business PayU will buy digital payments provider BillDesk for USD 4.7 billion (about Rs 34,376.2 crore). With the deal, the Netherlands-incorporated Prosus NV”s investment in India will jump to more than USD […]