Land deals on upswing; 721 acres closed in January, March in FY24, says Anarock

Land deals on upswing; 721 acres closed in January, March in FY24, says Anarock

Monday, 22 April 2024 | PTI | New Delhi

Builders and other entities have closed at least 29 land deals involving 721 acres during January-March this year to expand their businesses amid surge in demand especially for housing, according to Anarock. During the entire 2023-24 fiscal, property consultant Anarock said that real estate developers and other entities have closed 101...

India role during G-20 presidency appreciated at IMF and WB meeting: Seth

India role during G-20 presidency appreciated at IMF and WB meeting: Seth

Sunday, 21 April 2024 | PTI | Washington

During the annual Spring meetings of the IMF and the World Bank there was a widespread appreciation of the role played by India during its G-20 presidency in building consensus on a range of key global issues, a top Indian official has said. India hosted the G20 Summit in New Delhi...

Premier Energies files IPO papers with Sebi; looks to raise `1,500 cr

Sunday, 21 April 2024 | PTI | new delhi

Solar cell company Premier Energies Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The Hyderabad-based company's IPO is a combination of a fresh issue of equity shares worth Rs 1,500 crore and an offer for sale (OFS) of up to...

FarEye launches initiative to help logistics startups in fundraising, mentoring

Sunday, 21 April 2024 | PTI | new delhi

Last-mile Technology platform FarEye on Saturday said it has launched an initiative, Innovation Nexus, to help startups raise funds and receive mentoring from global experts in the logistics sector. The initiative will provide a direct platform for promising logistics startups to engage with industry leaders and foster connections, the company said. FarEye...

India becoming a convenient hub for travel between SE Asia & Middle East

Sunday, 21 April 2024 | PTI | Chennai

India is slowly becoming a convenient hub for travel between Southeast Asia and the Middle East as airlines prefer to transfer people by connecting through Indian cities, a top industry official said. There is huge growth in India and many domestic routes are used by airlines for connectivity, V Sumantran, the...

Gems, jeweller exports in FY24 dip by 12.17 per cent to Rs 2.65 lakh crore: GJEPC

Sunday, 21 April 2024 | PTI | Mumbai

Gems and jewellery exports declined by 12.17 per cent to Rs 2,65,187.95 crore (USD 32,022.08 million) during 2023-24, compared to the previous financial year due to high interest rates in the US and slow recovery in China, Gem and Jewellery Export Promotion Council (GJEPC) data showed. Gems and jewellery exports in...

Zomato gets Rs 11.82 crore tax demand notice

Sunday, 21 April 2024 | PTI | new delhi

Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021. The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram, raising...

India growing when world is in stress: CII president designate

Sunday, 21 April 2024 | PTI | Kolkata

Sanjiv Puri, president-designate of leading industry body CII, said that India is growing when the world is going through a phase of stress. Speaking at an event here on Friday night, Puri, also the chairman and managing director of ITC Limited, said that the present juncture is an interesting moment. “CII has...

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