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Affordable housing to be growth driver for housing finance market

Thursday, 23 Mar 2017 | PTI | Mumbai

Domestic rating agency Icra on Wednesday said affordable housing segment is likely to grow over 30 per cent over the medium term and will be the key growth driver for the mortgage finance market. “With focus of the Government on affordable housing segment including a number of initiatives such as 39...

UK’s car exports to India grow 11-fold in 7 yrs, JLR tops list

Thursday, 23 Mar 2017 | PTI | New Delhi

Export of cars from Britain to India grew almost 11-fold in the past seven years with Tata Motors-owned JLR’s Land Rover and Jaguar models topping the best selling list, according to UK’s Society of Motor Manufacturers and Traders. On the other hand, Indian-built models accounted for 31,535 new car...

Govt has not accepted demands of Apple: Nirmala

Thursday, 23 Mar 2017 | PTI | New Delhi

The Government on Wednesday said it has not accepted ‘most of the demands’ of iphone maker Apple which wants to set up manufacturing unit in India.To a question in Rajya Sabha on whether the Government has accepted most of the demands of the iphone manufacturer, Commerce and Industry Minister...

‘India, 3rd-largest Asian eco, ranked 131 on HDI’

Thursday, 23 Mar 2017 | PTI | United Nations

India has ranked a lowly 131 among the 188 countries surveyed for human development, a new UN report has said, bracketing the third-largest Asian economy alongside its South Asian neighbours like Pakistan, Bhutan and Nepal. India has made no improvement in its ranking over the previous year, despite the...

Maritime unions seek tax exemption from Finance Ministry

Thursday, 23 Mar 2017 | PNS | New Delhi

Maritime Union of India (MUI) and National Union of Seafarers of India (NUSI) have sought tax exemptions the Finance Ministry and requested CBDT chief to issue a notifications to Indian seafarers serving Indian or foreign flag-ships outside India for a period of 182 days or more in a year in...

WR-V also to be manufactured in S America: Honda

Thursday, 23 Mar 2017 | PNS | Chennai

Auto major Honda Cars India on Wednesday said its latest product ‘WR-V’ was a global model and would be manufactured in South America to serve the Brazilian market. “HCIL (Honda Cars India Ltd) is focusing on the domestic Indian market for WR-V sales as of now. WR-V is a global...

Roadmap to ease FDI approval process in next few weeks: Das

Wednesday, 22 Mar 2017 | PTI | New Delhi

The Government will come out with a roadmap in the next few weeks to further simplify the FDI approval process by abolishing the FIPB, Economic Affairs Secretary Shaktikanta Das said today. “The process of FDI approval is being simplified further by dismantling the FIPB and delegating the power to ministries...

Bumper listing for Avenue Supermarts; shares soar over 114%

Wednesday, 22 Mar 2017 | PTI | New Delhi

Shares of Avenue Supermarts, the operator of retail chain D-Mart, made a remarkable debut at the bourses today by soaring over 114 per cent against the issue price of Rs 299. After listing at Rs 604.40, up 102.14 per cent, the stock finally ended with a sharp gain of 114.29 per...

India home to 101 billionaires, Mukesh Ambani tops list: Forbes

Wednesday, 22 Mar 2017 | PTI | New York

India is home to world’s fourth highest number of billionaires with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, according to a new list released by Forbes magazine. The Forbes list of the ‘World’s Billionaires’ 2017 consists of 2,043 of the richest people in...

SBI to tap overseas bond market again; eyes $1.5 bn in dollar debt

Wednesday, 22 Mar 2017 | PTI | Mumbai

State Bank of India has said it will be hitting the overseas debt market with a $1.5 billion dollar bond sale next financial year. SBI, which has a board approval to raise Rs 15,000 crore through multiple routes, however, did not specify when it will tap the dollar bond...


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Cutting the cord

26 Mar 2017 | Kushan Mitra

The advent of online streaming services that can stream content directly to your television screen is making the argument for cutting the cable connection more and more convincing, believes Kushan Mitra Is it time to cut the cable? In the past year and a half, online television streaming services Hotstar Premium, Netflix and Amazon Prime Video have launched their services in India. There is also Voot from Viacom18 and Sony LIV...

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Adiyanath asks party workers not to opt contractual work

27 Mar 2017 | PNS | Lucknow

Asking party workers not to opt for contractual work in government sector Chief Minister Adityanath Yogi said that UP’s face will change in next two months as people have reposed faith on us and it is workers’ responsibility to ensure BJP fulfills all poll promises. “I appeal to the party workers and family members of law makers not to seek contract of government department...

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