IPL franchises discuss new teams, BCCI wants stability first
NEW DELHI: If a recent meeting between the Indian Premier League (IPL) franchises and stakeholders is anything to go by, the franchises want an expansion of the league to 10 teams. While the Board of Control for Cricket in India (BCCI) isn’t averse to the idea, the officials want all bases covered first and don’t […]
Nine of top 10 cos lose Rs 88,609 crore in m-cap; HDFC, TCS suffer the most
NEW DELHI: Nine of the 10 most valued firms suffered a combined erosion of Rs 88,609.87 crore in market valuation last week, with HDFC Bank and TCS taking the biggest knock. Reliance Industries Ltd (RIL) was the lone gainer among the top-10 frontline companies, adding Rs 11,415.21 crore to its market capitalisation (m-cap) for the […]
Blunt talk needed in country today, Narayana Murthy says, cites his spat with Vishal Sikka
NEW DELHI: Infosys co-founder Narayana Murthy said on Saturday that looking at “what is happening in different parts of the country today”, the youth need to state bluntly that this was not the country for which our forefathers got freedom. Talking about his spat with Vishal Sikka, Infosys’ first non-promoter chief executive who quit in […]
Blaupunkt launches the next gen QLED smart TV at Rs 64,999
NEW DELHI: Blaupunkt is all set to unveil its brand-new TV line, comprising of the premium 55-inch Q-led 4k Smart TV model, which would be available for purchase at a price of Rs 64,999 on Prime Day sale starting 15th July, 2019. The QLED TV will be available at a price point of Rs 69,999 […]
2,000 acres of forest land recovered in Jharkhand
HAZARIBAG: Over 2,000 acres of forest land in two districts of Jharkhand have been recovered from the land mafia since 2017 and their registrations cancelled, a forest official said on Thursday. A plantation drive has been launched in the recovered land to create awareness among the public and generate employment, Sanjeev Kumar, Regional Chief Conservator […]
Lok Sabha clears bill to set up central, tribal university in Andhra Pradesh
NEW DELHI: A Bill to set up a central university and a tribal university in Andhra Pradesh was passed by the Lok Sabha on Friday. Moving the Central Universities (Amendment) Bill, 2019 for passage, HRD Minister Ramesh Pokhriyal ‘Nishank’ said the government has alloted Rs 450 crore for the central university and Rs 420 crore […]
PNB scam: ED attaches Mehul Choksi’s assets worth Rs 24.77 crore
NEW DELHI: The Enforcement Directorate (ED) on Thursday said it has attached assets worth Rs 24.77 crore in India and abroad of fugitive diamond jeweller Mehul Choksi, accused in the over Rs 13,000 crore PNB loan fraud and money laundering case. The attached properties include three commercial assets based in Dubai, a Mercedes Benz car […]
Dutch bankruptcy administrator moves NCLAT on Jet Airways insolvency case
NEW DELHI: Dutch bankruptcy administrator Friday moved the National company Law Appellate Tribunal (NCLAT) on the Jet Airways matter, which has agreed to hear the case. A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also asked the Dutch bankruptcy administrator to assist in the insolvency proceedings of Jet Airways going in India. […]
Got complaints about banks not sanctioning, delaying disbursement under CLSS scheme: Housing Minister
NEW DELHI: The government of India had received complaints about banks either not sanctioning or delaying disbursement to applicants of the Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (Urban), Union minister Hardeep Singh Puri told the Rajya Sabha on Wednesday. In a written reply to a question, the Union housing and […]
Housing affordability worsened over past four years: RBI survey
NEW DELHI: A Reserve Bank of India (RBI) survey on Thursday showed that housing affordability has worsened in four years with Mumbai being the least affordable. The RBI has been conducting a quarterly Residential Asset Price Monitoring Survey (RAPMS) since July 2010 on housing loans disbursed by select banks and housing finance companies (HFCs) across […]
Religare Enterprises divests stake in housing finance unit
NEW DELHI: Religare Enterprises said Thursday it will sell its entire stake in NBFC arm Religare Finvest Ltd (RFL) along with RFL’s housing finance subsidiary RHDFC to TCG group for an undisclosed amount. REL has entered into a binding term sheet with TCG Advisory Services (TCG) for sale of its entire stake in its NBFC […]
Over 20,000 complaints of homebuyers resolved under RERA: Housing Minister
NEW DELHI: Over 20,000 complaints of homebuyers have been resolved till last month under the new central real estate law, the government said on Thursday. In a written reply to a question in the Lok Sabha, Union minister Hardeep Singh Puri said that in Uttar Pradesh and Maharashtra, 5,989 and 5,028 complaints of home-buyers were […]
IL&FS puts 2,880-acre land parcels in Kutch for sale
NEW DELHI: In an attempt to its monetise assets, the bankrupt IL&FS group has put its 2,880-acres of non-contiguous land banks spread across seven villages in the Kutch region of Gujarat for sale. The company has invited expressions of interest from interested parties for selling the land parcels owned by three subsidiaries of IL&FS Group […]
Piramal Housing Finance forays in Indore market
NEW DELHI: Piramal Capital & Housing Finance Limited (PCHFL), the wholly owned subsidiary of Piramal Enterprises Limited, today announced its foray in Madhya Pradesh with the launch of its housing finance business in Indore. The company will provide its housing finance offerings namely home loans, loans against property and small ticket construction finance for home […]
CBI searches three districts of Uttar Pradesh in connection with illegal mining scam
NEW DELHI: The CBI is carrying out searches at various locations in three districts of Uttar Pradesh in connection with an illegal mining scam, officials said on Wednesday. The searches started this morning in Hamirpur, Fatehpur and Bulandshahr, they said. Further details are awaited as the operation is still on and may be expanded during […]
Facebook plans to double women employees globally in 5 years
NEW DELHI: Facebook aims to double the percentage of women working at the social media giant around the world over the next five years, while simultaneously doubling the number of black and Hispanic employees in the US, setting new diversity goals for the organisation. The world’s largest social-media company also wants half of its US […]