NEW DELHI: India is preparing for what could be one of the world’s most expensive weddings ever, a spectacle that could even put the fictional nuptials in “ Crazy Rich Asians” to shame. On Dec. 12, Asia’s richest man — oil-and-telecom tycoon Mukesh Ambani — is scheduled to give away his daughter Isha to billionaire […]
NEW DELHI:Faced with liquidity crunch, realtors’ apex body CREDAI on Thursday sought one-time restructuring of loans provided to the sector as well as a dedicated fund for the completion of stalled housing projects. It also demanded reduction in the GST rate for under-construction homes at 8 per cent from the current 12 per cent, besides […]
MUMBAI: The Maharashtra government told the Bombay High Court that it had ordered demolition of fugitive jeweller Nirav Modi’s illegal bungalow built along the beach at Alibaug in adjoining Raigad district. Government counsel advocate P B Kakade also told a bench of Chief Justice Naresh Patil and Justice M S Karnik that it had served […]
NEW DELHI: Those wanting to see the main mausoleum at the Taj Mahal will need to buy an additional ticket of Rs 200 from Monday. Vasant Swarnakar, Archaeological Survey of India’s chief archaeologist in Agra, said domestic visitors will have to pay Rs 250 and foreign visitors Rs 1,300 to see the main mausoleum at […]
MUMBAI: Even as the government is yet to take a call on putting the 23-storeyed Air India building in the tony Nariman Point business hub of south Mumbai on the block, many PSUs such as LIC and GIC have evinced interest in the prime property, a senior airline official said on Friday. It can be […]
NEW DELHI: The government of India has sold 5.72 crore shares, representing 3.18 per cent stake, in state-owned NBCC Ltd to Reliance Nippon Life Asset Management Ltd, which manages central public sector enterprise exchange traded fund (CPSE-ETF), the construction company said on Friday. In a filing to the BSE, NBCC said the President of India, […]
NEW DELHI: Reserve Bank of India (RBI) Governor Urjit Patel, who had a run in with the government over autonomy of the central bank, Monday resigned from his post. In a brief statement, Patel said he has decided to step down with immediate effect. He, however, did not specify the reason for the decision. Patel […]
CHENNAI: The Madras High Court on Friday issued an interim stay on amendments to state legislations that brought educational institutions in Tamil Nadu’s municipal areas under the property tax ambit of local authorities. A division bench comprising Justices S Manikumar and Subramonium Prasad, after hearing a Public Interest Litigation plea from All India Private Educational […]
NEW DELHI: The finance ministry on Saturday said GST will not be levied on buyers of real estate properties for which completion certificate is issued at the time of sale. However, Goods and Services Tax (GST) is applicable on sale of under-construction property or ready to move in flats where completion certificate is not issued […]
NEW DELHI: The construction of the Noida International Airport at Jewar will be done on a public-private-partnership (PPP) mode, Uttar Pradesh authorities said on Saturday. A government order has been issued by the Civil Aviation Department after a nod from the state cabinet. At a cabinet meeting held earlier this week, it was decided that […]
NEW DELHI: The Centre is planning to ban use of burnt clay bricks in its construction projects across the country, a move aimed at giving a boost to environment-friendly products. According to an official, the Union Housing and Urban Affairs Ministry has directed the Central Public Works Department (CPWD) to examine whether burnt clay bricks […]
NEW DELHI: Faced with difficulties in recovery of penalties and other dues from some defaulters, capital markets regulator Securities and Exchange Board of India (SEBI) is planning to create a separate category of ‘difficult to recover’ cases for optimal utilisation of its resources. However, Sebi can initiate or continue its prosecution proceedings against the defaulters […]
NEW DELHI: Realty firm Embassy Group will invest about Rs 2,000 crore to complete its ongoing housing projects and is looking to buy land or form joint ventures for expanding its presence in Bengaluru as well as other major cities, a senior company official said. Bengaluru-based Embassy Group’s President (Residential Business) Reeza Sebastian said the […]
NEW DELHI: Private sector lender Axis Bank on Saturday appointed Amitabh Chaudhry as Managing Director & CEO from January 1, after incumbent Shikha Sharma steps down at the end of this year. Chaudhry, currently the MD & CEO of HDFC Standard Life Insurance Company, has been appointed as MD and CEO for a period of […]
NEW DELHI: Telecom minister Manoj Sinha said on Sunday that high-speed broadband will reach each and every village of the country by 2019. He said the government targets to link 2.5 lakh village panchayats with the broadband under the BharatNet project. “By 2019, there will not be a single village left in the country, which […]
RANCHI: Air India subsidiary Alliance Air on Friday started the Ranchi-Raipur flight as part of the Centre’s regional connectivity scheme from the Birsa Munda Airport here. The inaugural flight was flagged off by Jharkhand Chief Minister Raghubar Das and Union Minister of State for Civil Aviation Jayant Sinha. We flagged off the Ranchi-Raipur flight. The […]
