NEW DELHI: Jaypee Infratech Ltd, which is facing insolvency proceedings, Monday said that the company’s two independent directors — Keshav Prasad Rau and Basant Kumar Goswami — have resigned. While Rau has cited personal reasons for the resignation, Goswami resigned because of his growing age and indifferent health, the debt-ridden firm said in a regulatory […]
MUMBAI: India’s new drone regulations are set to change the landscape of the real estate sector from December, as the 3-D mapping of properties will not just become powerful tool for marketing but will further boost transparency and accountability, industry experts say. The commercial use of drones under the recently announced DGCA norms has been […]
NEW DELHI: As many as 13 special economic zone (SEZ) developers and units including G P Realtors, JBF Petrochemicals and Aurobindo Pharma have sought more time from the commerce ministry to implement their projects. Decision on these proposals would be taken by the Board of Approval (BoA) for Special Economic Zones (SEZs) in its meeting […]
NEW DELHI: Aadhar Housing Finance (AHFL) Monday said it is planning to raise up to Rs 1,400 crore through non-convertible debentures (NCDs), maturing in three, five and 10 years. The base size of the issue is Rs 500 crore, with an option to retain over subscription up to Rs 900 crore. The company is offering […]
ISLAMABAD: Pakistan Prime Minister Imran Khan’s newly elected government plans to renegotiate the agreements reached under China’s ambitious Belt and Road Initiative (BRI) as it “unfairly benefits Chinese companies”, according to a media report. The projects concerned are part of the multi-billion China-Pakistan Economic Corridor (CPEC) plan – the most ambitious part of the BRI, […]
NEW DELHI:The CBI has moved an extradition request to bring back Nishal Modi, the brother of fugitive billionaire Nirav Modi who is accused in USD 2-billion banking fraud case in Punjab National Bank, officials said Monday. The request was sent to the Home Ministry on Friday. The Home Minister will send it to Belgium, where […]
AMRAVATI: After poll-bound Rajasthan, the Andhra Pradesh government Monday announced a Rs 2 cut in VAT on petrol and diesel to check the mounting prices of these fuels. Chief Minister N Chandrababu Naidu announced the reduction in Value Added Tax in the state assembly. He said the state government was currently levying Rs 4 per […]
NEW DELHI: Calling it a “historic step” and “revolutionary change”, the Delhi government on Monday launched the doorstep delivery of 40 public services for the people living in the national capital. Launching the scheme at the Delhi Secretariat, Chief Minister Arvind Kejriwal said people will now not have to waste their time standing in queues […]
NEW DELHI: India’s Housing and Urban Affairs Minister Hardeep Singh Puri has said that the NDA government at the centre is committed to provide positive solution to the problems of home buyers, so that they get their home as soon as possible. He was delivering the inaugural address at the “First Regional Workshop on RERA […]
NEW DELHI:Senior Congress leader P Chidambaram Sunday dared the BJP to contradict an official data on growth which has said the economy clocked a 10.08-per cent growth in 2006-07 under the UPA rule, the highest since liberalisation in 1991. The former finance minister reacted after BJP president Amit Shah asked his party leaders to challenge […]
JAIPUR: Rajasthan chief minister Vasundhara Raje today announced a 4 percentage point reduction in value added tax (VAT) on petrol and diesel, which will reduce their prices by Rs 2.5 per litre in the state. VAT on petrol will be reduced from 30% to 26% and on diesel from 22% to 18%, Raje said at […]
NEW DELHI: State-run power giant NTPC’s board has approved an investment of Rs 9,785 crore for the 1,320 MW Stage-III expansion of its Talcher thermal power plant in Odisha, a source said. The Talcher plant, one of the oldest and top performing power stations in the country, is situated in Angul district of Odisha. The […]
NEW DELHI: With 40 deaths in 75 accidents between September 2017 and August 2018, the Railways has registered its best safety figures in five years for the corresponding 12-month period, a ministry official has said, quoting official data. There were 80 train accidents and 249 fatalities between September 2016 and August 2017 — the Indore-Patna […]
London-based economist Imran Rasul has become the second member of the new Pakistan government’s Economic Advisory Council (EAC) to resign in protest against the exclusion of noted US-based academic Atif R Mian who was told to step down from the body due to a backlash over his Ahmadi faith. Succumbing to pressure from the hardliners, […]
By Christopher Bing The United States of America (USA) President Trump tweeted on Saturday that Apple Inc should make products inside the United States if it wants to avoid tariffs on Chinese imports. The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of […]
By Cate Cadell & Ryan Woo Alibaba Group Holding Ltd’s billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the […]
