Withdrawal limit for PMC bank depositors raised to Rs 50,000
NEW DELHI: In further relief to customers of scam-hit Punjab & Maharashtra Cooperative (PMC) Bank, the Reserve Bank on Tuesday enhanced the withdrawal limit to Rs 50,000 per account from Rs 40,000 per account. This is the fourth time the regulator has increased the withdrawal limit since it clamped down on PMC Bank on September […]
About 450 real estate projects are facing insolvency proceedings
NEW DELHI: Representing 12500 members, 21 state and 204 city level chapters, CREDAI, whole heartedly supported the government in its endeavour to develop a roadmap for accelerated development of the sector, at the first ever National RERA Conclave, organised by Uttar Pradesh Real Estate Regulatory Authority (U.P. RERA) along with Government of India and Government […]
Noida, Greater Noida and Ghaziabad clear maximum unsold stock in NCR in 2 years
NEW DELHI: The top 3 Uttar Pradseh cities within NCR – Noida, Greater Noida and Ghaziabad – saw the maximum decline in overall unsold housing stock in two years in the state. ANAROCK & NAREDCO’s latest joint report ‘Addressing Challenges & Progressing Ahead in Real Estate’ released at the 1st National RERA Conclave today in […]
Government must reduce reliance on bond markets, undertake divestment: Ex RBI Dy Gov
NEW DELHI: The Indian government needs to reduce its reliance on bond markets and undertake a heavy disinvestment programme along with urgently implementing land, labour and agricultural reforms, former RBI Deputy Governor Viral Acharya said. Speaking at a panel discussion at Columbia University here on Friday on the ‘Indian Economy: The Next Five Years’, Acharya […]
Axed 1984-batch IAS officer Rajesh Kumar Singh returns after 17 years to claim job
NEW DELHI: A sacked Indian Administrative Service (IAS) officer Rajesh Kumar Singh has surfaced after 17 years to claim his job and get the dismissal order revoked. Singh was in the USA when he was dismissed from the service in 2003 for staying absent for more than five years. He had gone to the USA […]
CAIT to launch a nation-wide movement against Amazon and Flipkart
NEW DELHI: Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country’s retail business. In a statement, the Confederation of All India Traders (CAIT) said, “Both Amazon and Flipkart still continue to sell […]
Industrialist Krishan Kumar Modi passes away
NEW DELHI: Industrialist Krishan Kumar (KK) Modi, who headed the Modi Enterprises passed away in Delhi on Saturday. He was 79. Modi was born in August 1940 in Patiala, the eldest son of Rai Bahadur Gujarmal Modi and his second wife Dayawati Modi. Rai Bahadur Gujarmal Modi was the founder of the Modi Group. He […]
Eight of top-10 firms add Rs 1.34 lakh crore in m-cap; TCS leads
NEW DELHI: Eight of the 10 most valued Indian firms together added over Rs 1.34 lakh crore to their market capitalisation last week, with TCS emerging as the biggest gainer. Reliance Industries Limited (RIL), HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market capitalisation (m-cap) […]
WhatsApp ‘alerted’ government of India of snooping in September; government says info was ‘incomplete’
NEW DELHI: WhatsApp had informed the Indian government in September that 121 Indian users were targeted by the Israeli spyware Pegasus, but IT ministry has contended that the information received from the messaging app earlier was inadequate and incomplete, according to sources. Sources at WhatsApp said the messaging platform has now responded to the government’s […]
Germany to invest €1 billion for green urban mobility in India
NEW DELHI: German Chancellor Angela Merkel on Saturday pledged to invest €1 billion ($1.12 billion) over the next five years on environmentally-friendly urban mobility in India. Merkel, whose visit to the country coincided with one of the worst spells of air pollution in Delhi/NCR, also emphasised on the need to replace diesel-run public transport with […]
India has put forward reasonable proposals for RCEP deal, says Narendra Modi
BANGKOK: As negotiations to finalise the long-overdue Regional Comprehensive Economic Partnership (RCEP) enter final stages, Prime Minister Narendra Modi said India has put forward “reasonable proposals” in a clear manner and is engaged in the talks with “sincerity” for the free trade deal. Modi said India is “clear” that a mutually beneficial RCEP, in which […]
India eliminated big reason behind terrorism and separatism, says Narendra Modi
NEW DELHI: India has eliminated a big reason behind sowing of seeds of terrorism and separatism, Prime Minister Narendra Modi said here on Saturday, in a clear reference to abrogation of Article 370 from Jammu and Kashmir and reorganising of the state. Addressing the Indian diaspora, prime minister Modi said his government was working to […]
Audi India announces heavy discount of up to Rs 6 lakh on SUV Q5, Q7
NEW DELHI: German luxury car maker Audi on Friday announced slashing of prices of its popular SUVs Q5 and Q7 by up to Rs 6.02 lakh for a limited period to mark ten years of sales of the models in India. The Audi Q5 and Q7 were first introduced in India in 2009. Under the […]
YES Bank posts net loss of Rs 629 crore in September quarter as bad loans spike
NEW DELHI: Yes Bank on Friday reported a consolidated net loss of Rs 629.1 crore for the September quarter due to a spurt in bad loans. The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal. Sequentially, there was net profit of Rs 95.56 […]
AGR ruling: COAI ignores Jio’s protest; seeks full waiver of telcos’ dues
NEW DELHI: Ignoring its member Reliance Jio’s contentions, telecom industry association COAI has shot off an ‘addendum’ to its earlier demands and has now sought a complete waiver of statutory dues that its other members such as Bharti Airtel and Vodafone-Idea owe to the government following the Supreme Court ruling. The Cellular Operators Association of […]
Andhra Pradesh terminates pact with Singapore consortium on Amaravati start-up area project
AMARAVATI: The Amaravati Start-Up Area Development Project has formally been scrapped with the Andhra Pradesh Cabinet on Wednesday deciding to terminate the agreement with a Singapore consortium. The project which envisaged development of the start-up area in the state’s capital city remained a non-starter in the last 30 months since the previous Chandrababu Naidu government […]