Affordable housing finance space to grow to Rs 6 trillion by FY’22

Saturday, 24 Jun 2017 | PTI | Mumbai

The affordable housing finance segment is likely to grow to Rs 6 trillion in size in the next four years from Rs 1.5 trillion now, India Ratings said on Friday. This will make the segment a major contributor to the overall housing finance activity. Affordable housing finance, largely dealing in loan...

New rules to make realty free of undesirable activity: Parekh

Saturday, 24 Jun 2017 | PTI | NEW DELHI

HDFC Chairman Deepak Parekh on Friday termed Government policies on housing as practical and implementable and expressed hope that new regulations will stop ‘undesirable activity’ practiced by some realtors. Segments of the real estate sector in India have many a times been a hotbed of undesirable activity and these practices should...

Mkts in consolidation mode; auto, bank scrips pull down Sensex

Saturday, 24 Jun 2017 | PTI | Mumbai

The markets took to consolidation mode as the benchmark BSE Sensex gave up early gains to end 153 points lower at 31,138.21 on Friday while the broader Nifty cracked below the 9,600-mark on profit booking, particularly in auto and banking sector stocks. Ahead of GST rollout. During the week, the Sensex...

Forex kitty at record high of $381.955 bn

Saturday, 24 Jun 2017 | PTI | Mumbai

The country’s forex reserves increased by $ 799 million, mainly on account of rise in foreign currency assets (FCAs), to touch a record high of $381.955 billion in the week to June 16, RBI said. In the previous week, the reserves had declined marginally by $11.5 million to $381.156 billion. FCAs,...

CIL’s coal supply to power sector drops by 64.7 MT

Saturday, 24 Jun 2017 | PTI | New Delhi

Supply of coal by state-owned CIL to power plants dipped by nearly two per cent to 64.7 million tonnes (MT) in April-May period of the ongoing fiscal even as demand by the power sector showed an upturn. According to recent Government data, Coal India (CIL) dispatched 65.8 MT fuel to...

DHL to invest $100 mn in India to meet GST challenges

Saturday, 24 Jun 2017 | PTI | Singapore

Global logistics group DHL, with plans to invest $100 million in India, is working with its customers to prepare for the GST rolling out in the country from next month. Well ahead of the curve, DHL is planning to invest over $100 million in its supply chain operations in India...

Lenders drag Essar Steel, Bhushan Steel, Electrosteel to NCLT

Friday, 23 Jun 2017 | PTI | Mumbai

Lenders led by the State Bank of India on Thursday decided to begin insolvency proceedings against Bhushan Steel, Essar Steel and Electrosteel Steels by referring them to the NCLT for recovery under the Insolvency and Bankruptcy Code (IBC). The decision was taken at a marathon meeting chaired by the SBI. While...

Telecom Min meets Mittal, Ambani; assures ‘corrective steps’

Friday, 23 Jun 2017 | PTI | New Delhi

Communications Minister Manoj Sinha on Thursday assured industry bigwigs Sunil Mittal and Anil Ambani as well as other telecom players that “corrective steps” will be taken to ensure growth of the debt-ridden sector. “The report (of the inter-ministerial group) will come soon...Corrective steps will be taken by the Government for ensuring...

AI debt unsustainable, should go to pvt hands: Panagariya

Friday, 23 Jun 2017 | PTI | New Delhi

Air India should be privatised as its debt level is “simply not sustainable” and Government action on the airline’s future course is likely within six months, Niti Aayog vice chairman Arvind Panagariya said on Thursday. The government is looking at various options, including possible privatisation, to revive the loss-making national carrier...

RBI expands oversight committee; inducts three member on panel

Friday, 23 Jun 2017 | PTI | Mumbai

The Reserve Bank has expanded the oversight committee by appointing three more members to the high-level panel that will vet the process to resolve mounting bad loans bogging down the banking sector. Former chief vigilance commissioner Pradeep Kumar will head the now 5-member panel that will work through multiple benches, RBI...


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DU admissions to continue till June 28; 2nd cut-off list on July 1

25 Jun 2017 | Shipra Parashar/ Srishti Garg | New Delhi

With Delhi University declaring its first cut-off list on Friday, SGTB Khalsa college came out with the highest 99.66 per cent for BSc (Hons) Electronics...

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Max Hospital initiates regimented protocol of ‘Fast Track Bypass surgeries’

25 Jun 2017 | PNS | Dehradun

A regimented protocol of ‘Fast Track Bypass surgeries’ in which a patient can get discharged in three days has been initiated by the Max hospital here. Addressing media persons Senior Consultant Cardiovascular and Thoracic Surgery (CTVS), Dr Manish Meswani said that Coronary Artery Bypass Graft Surgery (CABG) involves counselling of patient and fast tracking the conventional processes...

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