Spring House Coworking launches 500-seater serviced office space in Gurgaon
NEW DELHI: Spring House Coworking, a chain of collaborative office spaces, launched its flagship property across 30,000 sq. ft. today at Grand Mall, MG Road, Gurugram. With a capacity of more than 500 seats, this coworking hub provides 100 open seats and 400 private seats, and a conference and meeting room with state-of-the-art interiors, bespoke […]
Welcome move, immediate action needed: Realtors
NEW DELHI: The fourth repo rate cut this year by the Reserve Bank of India (RBI) and the biggest one for now has sent a signal of hope in the real estate sector. A 35 basis point cut by the RBI and enhanced exposure limit to single Non Banking Financial Company (NBFC) is likely to […]
Britannia Industries Q1 net profit falls 3.64 per cent to Rs 248.64 crore
NEW DELHI: Britannia Industries on Friday reported a 3.64 per cent decline in consolidated net profit at Rs 248.64 crore for the quarter ended June 30, 2019. The company had posted a net profit of Rs 258.08 crore in the corresponding quarter of the previous fiscal. Total income during the period under review stood at […]
Pranab Mukherjee, Nanaji Deshmukh, Bhupen Hazarika conferred Bharat Ratna
NEW DELHI: Former president Pranab Mukherjee, late Bharatiya Jana Sangh leader Nanaji Deshmukh and late singer Bhupen Hazarika were conferred the Bharat Ratna, the country’s highest civilian award, on Thursday. President Ram Nath Kovind gave the award to Mukherjee, Hazarika’s son Tej and Virenderjeet Singh, a close relative of Deshmukh, at a function held at […]
Neither closed airspace for India, nor re-routed any Indian flights: Pakistan
LAHORE: Pakistan on Thursday clarified that it has neither closed its airspace for India nor re-routed any route for the Indian flights. “There has been no change to the notice to airmen (NOTAM) and all flights are being operated as per schedule issued earlier,” Civil Aviation Authority Pakistan spokesperson Mujtaba Baig told PTI. “Pakistan has […]
NHB’s move to ban subvention scheme must be withdrawn: CREDAI
BY: Manvendra Jha TEL AVIV: The National Housing Bank’s (NHB) decision to ban lending by housing finance companies under subvention scheme was “impulsive” and should be rolled back to boost sales, realtors’ body CREDAI Chairman Jaxay Shah said here on Wednesday. CREDAI President Satish Magar demanded that interest rate on home loan be brought down […]
India Cements to acquire land in Madhya Pradesh to set up plant
CHENNAI: India Cements Ltd is in the process of acquiring land as part of the cement major’s move to set up an integrated cement plant in Madhya Pradesh. Besides, the company was engaged in setting up a grinding unit near Allahabad in Uttar Pradesh, India Cements Vice-Chairman and MD, N Srinivasan said. “We are in […]
WeWork wanted Ashton Kutcher and Martin Scorsese for video deals
BY: Ellen Huet For the past two years, WeWork Cos. has spent more than $40 million to host a series of startup pitch competitions around the world. The real estate company asks contestants to pitch apps or creative projects to celebrity panels of judges and compete for cash prizes, in between musical performances from the […]
Tata Group’s Taj Hotel chain to sell assets as economy weakens
BY: P R Sanjai The luxury hotel chain controlled by India’s Tata Group is looking to sell some assets and avoid owning new properties in an effort to further pare debt, as it braces for a slump in consumer spending. Indian Hotels Co. Ltd., Tata’s listed firm that operates the Taj brand, plans to dispose […]
DHFL says it may not be able to fulfill immediate debt payments
BENGALURU: India’s debt-laden shadow bank Dewan Housing Finance Corp Ltd (DHFL) on Thursday said it may not be able to fulfill its debt obligations due in the near future. This comes days after the company said its creditors would not have to take any haircut on principal payments under its resolution plan. DHFL, the fourth-biggest […]
Don’t agree with blanket condemnation of government’s Jammu and Kashmir move: Karan Singh
NEW DELHI: Veteran Congress leader Karan Singh on Thursday said he does not agree with a blanket condemnation of the government’s move on Jammu and Kashmir, pointing out what he called were its several positives. Singh, son of former J&K ruler Maharaja Hari Singh, welcomed the union territory status for Ladakh and said political dialogue […]
Samsung unveils premium-priced Galaxy Note 10
SAN FRANCISCO: Samsung on Wednesday unveiled a new-generation Galaxy Note large-screen handset starting at USD 950 and said it will work closer with Microsoft so that services function better across its array of devices. The Note 10 “phablet” which is set for release on August 23, comes in two sizes, with the larger beginning at […]
Vijay Mallya repeats offer of 100% loan payback, quotes FM on business failures
NEW DELHI: Embattled liquor tycoon Vijay Mallya, whose social media interventions against the Indian government are a regular occurrence, took to Twitter once again to repeat his 100 per cent loan payback offer to the public sector banks in India. The 63-year-old former Kingfisher Airlines boss, fighting extradition to India in relation of fraud and […]
Vivo to set up new manufacturing unit in Uttar Pradesh to ‘double existing capacity’
NEW DELHI: Mobile phone maker Vivo is in the process of setting up new manufacturing unit spread over an area of 169 acre in Greater Noida, Uttar Pradesh, a senior company official said on Wednesday. The unit will have a capacity of manufacturing 25 million smartphones a year, said Vivo India Director (Brand Strategy) Nipun […]
Sushma Swaraj: extraordinary leader with many firsts
NEW DELHI: The last rites for Sushma Swaraj, the former foreign minister and a BJP stalwart, were conducted Wednesday to the sounds of ceremonial bugle and Vedic mantras, the widely different tunes emblematic of the woman herself who harmonised many different chords in her persona. Swaraj, one of India’s most high profile woman politicians who […]
RBI Governor says 35 bps rate cut balanced, based on data
NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday termed the steeper 0.35 percent repo rate cut as a “balanced” call given the domestic and global developments. He explained that a 0.25 percentage points reduction, as it has done thrice this year since February, would have been “inadequate”, while a 0.50 percentage points […]