List of 6,000 Amrapali home buyers submitted to Supreme Court
NEW DELHI: A list of 6,000 aggrieved homebuyers of six different Amrapali projects was on Friday submitted to the Supreme Court on its direction by their counsel M L Lahoty. On August 26, a bench headed by Justice Arun Mishra asked Lahoty to furnish project-wise details of the people, who are presently residing in various […]
UBI, Allahabad Bank to offer repo rate linked home loans
KOLKATA: Two city-based banks, United Bank of India (UBI) and Allahabad Bank, have decided to offer select loan products linked to repo rates to pass on the benefit of the RBI’s rate cut to their customers, bank officials said on Friday. UBI sources said the bank would offer housing and car loan products with repo […]
Central Bank to offer repo-linked interest rate on home loans
MUMBAI: State-run Central Bank of India on Sunday said it will be offering repo-linked interest rate (RLIR) on home and vehicle loan products with immediate effect. The lender said the existing borrowers will also be given an option to switch over to the new repo-linked interest rate at a fee, a statement said. It will […]
Nearly half of the country saw excess rain in August, says IMD
NEW DELHI: Nearly half of the country received excess rainfall in August, which recorded 15 per cent more precipitation than normal, according to data shared by the India Meteorological Department (IMD). This is the second consecutive month the country recorded above normal rainfall. June recorded deficient rainfall at 87 per cent of the Long Period […]
Manufacturing growth down at 15-month low in August on demand slowdown: PMI
NEW DELHI: The country’s manufacturing sector activity declined to its 15-month low in August, owing to slower increases in sales, output and employment, a monthly survey said on Monday. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI), fell to 51.4 in August, its lowest mark since May 2018, from 52.5 in July, as most […]
Maruti Suzuki reports 33% drop in August sales at 1,06,413 units
NEW DELHI: The country’s largest carmaker Maruti Suzuki India on Sunday reported a 32.7 per cent decline in sales at 1,06,413 units in August. The company had sold 1,58,189 units in August last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales declined by 34.3 per cent at 97,061 units last month as […]
Toyota Kirloskar Motor reports 21% decline in sales at 11,544 units in August
NEW DELHI: Toyota Kirloskar Motor on Sunday reported 21 per cent decline in total sales at 11,544 units in August. The company had sold 14,581 units in the same month last year, Toyota Kirloskar Motor (TKM) said in a statement. Sales in the domestic market stood at 10,701 units as compared to 14,100 units in […]
Honda Cars India domestic sales decline 51% at 8,291 units in August
NEW DELHI: Honda Cars India Ltd (HCIL) on Sunday reported a 51.28 per cent decline in domestic sales at 8,291 units in August as against 17,020 units in the same month last year. The company also exported 227 units last month. “The auto sector continues to witness high de-growth due to poor consumer sentiment,” HCIL […]
Mahindra and Mahindra’s sales drop 25% to 36,085 units in August
NEW DELHI: Homegrown auto major Mahindra and Mahindra (M&M) on Sunday reported a 25 per cent fall in total sales to 36,085 units in August. The company had sold 48,324 units in the corresponding month last year, M&M said in a statement. In the domestic market, sales were down 26 per cent to 33,564 units […]
GST collection falls below Rs 1 trillion in August
NEW DELHI: India’s gross GST collections slipped below Rs 1 trillion to Rs 98,202 crore in August, according to official data released on Sunday. Gross revenue collections from the Goods and Services Tax (GST) in July stood at Rs 1.02 trillion. The August 2019 mop-up was, however, 4.5 per cent higher than the Rs 93,960 […]
Bank of India introduces repo-based interest rate for select loan products
NEW DELHI: Bank of India (BoI) on Saturday said it has decided to introduce repo-based interest rate for select loan products. Corporation Bank also announced launch of home loans linked with external benchmark. Initially, Bank of India will link housing, vehicle and personal loans to an interest rate based on Reserve Bank’s repo rate, the […]
More than 150 future doctors will be trained every year at Namo Medical College: Amit Shah
NEW DELHI: India’s Home Affairs Minister Amit Shah inaugurated several development projects in Silvassa today. Shah expressed happiness while dedicating public projects of total worth more than 290 crore rupees to the people. Shah said that Silvassa saw development only after Narendra Modi became Prime Minister in 2014. He added that in the last five […]
L&T Construction awarded contract to build Navi Mumbai international airport
NEW DELHI: GVK’s step-down subsidiary Navi Mumbai International Airport Pvt Ltd has awarded an engineering, procurement and construction contract for the greenfield Navi Mumbai international airport to L&T Construction. GVK said in a BSE filing that the key development spectrum covers include cut and fill works, departure and arrival forecourts, airfield development works, and landside […]
OMCs warn Air India of stopping supply at 2 more airports over unpaid bills
NEW DELHI: Flight services of flag carrier Air India, including those for Haj pilgrimage, might be hit partially following the IOC-led oil marketing companies (OMCs) threatening to suspend fuel supplies at two more airports — Hyderabad and Raipur– over non-payment of dues. The state-owned oil marketing firms have already stopped supplying fuel to Air India […]
Oberoi Realty buys 60-acre land from GlaxoSmithKline in Thane for Rs 890 crore
NEW DELHI: Oberoi Realty Ltd on Friday said it has bought around 60 acres of land in Thane, Maharashtra from GlaxoSmithKline Pharmaceuticals for nearly Rs 890 crore. In a regulatory filing, the Mumbai-based developer said “the company has successfully concluded the transaction with GlaxoSmithKline Pharmaceuticals Ltd (GSK) for acquiring the lands admeasuring approximately 2,40,140 square […]
Vodafone Idea dismisses BofA-ML report of exiting six telecom circles
NEW DELHI: Telecom operator Vodafone Idea on Saturday categorically denied and dismissed the speculation that the company may exit six telecom circles where it has seen a dip in its revenue. A recent Bank of America Merril Lynch (BofA-ML) report said it believed Vodafone Idea Ltd (VIL) would exit the six circles in C-Circle where […]