Burgeoning credit growth, particularly in housing and personal loans, indicates steady domestic household demand Source: Business Line…
View More Strong recovery in residential housing sector driven by pent-up demand and robust consumer sentiment: RBI reportCategory: Business
Consumer Commission directs Reliance Life Insurance to pay ₹60 lakh with interest to widow of policyholder
Presiding member A.Z. Khwaja and member K.M. Lawande held, “The Insurance company was not justified in denying legitimate insurance claims of the complainant. The company has committed deficiency in service as well as unfair trade practice.” Read More | Source: The Hindu…
View More Consumer Commission directs Reliance Life Insurance to pay ₹60 lakh with interest to widow of policyholderSliding home sales, slowing new launches
Interest rate hikes, costlier projects dampen sale and supply of houses Source: Business Line…
View More Sliding home sales, slowing new launchesEmbassy Services aims to be a one-stop solution in property management biz
Embassy Services reported ₹500 crore revenue in FY23 and aims to continue growing by 15-20% YoY Source: Business Line…
View More Embassy Services aims to be a one-stop solution in property management bizEPFO extends deadline of applying for higher pensions under EPS; check details
EPFO extends deadline of applying for higher pensions under EPS; check details Read More | Source: Firstpost…
View More EPFO extends deadline of applying for higher pensions under EPS; check details‘India Gem and Jewellery Show’ concludes in Mumbai with business of 80 tonnes of gold
“We are delighted with the response of 15,000 national and international buyers,” said GJC chairman Saiyam Mehra Read More | Source: The Hindu…
View More ‘India Gem and Jewellery Show’ concludes in Mumbai with business of 80 tonnes of goldMahindra Lifespaces transfers 9.24 acres of residential land to Alliance Group
The land is part of Mahindra World City, Chennai and the development will be executed by Alliance Group Source: Business Line…
View More Mahindra Lifespaces transfers 9.24 acres of residential land to Alliance GroupMahaRERA sends show cause notices to 14 developers for not displaying registration numbers
A notification from the state real estate regulator said that the project developers have to give suitable replies within the prescribed time period or face penal action. Source: Business Line…
View More MahaRERA sends show cause notices to 14 developers for not displaying registration numbersDLF’s new luxury high-rise in Gurugram sees sales of over ₹8,000-cr in three days
Over 95% of the buyers were individuals and DLF said that it is a testimony to the sustaining demand for high-quality, luxury residences Source: Business Line…
View More DLF’s new luxury high-rise in Gurugram sees sales of over ₹8,000-cr in three daysKotak Investment Advisors raises $580 million in data centre fund
The fund, with a $800-million total target corpus, will partner with operators to invest in data centre capacities across the country Source: Business Line…
View More Kotak Investment Advisors raises $580 million in data centre fundAt 4.95%, wholesale inflation declines to 22-month low in December
New Delhi, January 16Wholesale price-based inflation (WPI) declined to a 22-month low of 4.95% in December 2022, mainly due to fall in prices of food articles, especially vegetables, and oilseeds. WPI-based inflation was 5.85% in November 2022 and 14.27% in December 2021. The last low level of WPI inflation was…
View More At 4.95%, wholesale inflation declines to 22-month low in DecemberAccount holders no longer required to visit bank to update KYC details, says RBI
New Delhi, January 6 Bank account holders are no longer required to visit their bank branches to update ‘know your customer’ (KYC) details provided they have already submitted valid documents and not changed their address, the RBI has said. Instead, if there is no change in KYC information, they can…
View More Account holders no longer required to visit bank to update KYC details, says RBIAmazon to lay off 18,000 employees citing economic uncertainty
Washington, January 5 E-commerce giant Amazon and business software maker Salesforce are the latest US technology companies to announce major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown. Amazon said Wednesday that it will be cutting about 18,000 positions. It’s the largest set of layoffs…
View More Amazon to lay off 18,000 employees citing economic uncertaintyUS orders Air India to pay $121 mn as refund, $1.4-mn fine
Washington, November 15 The US has ordered Air India to pay a whopping $121.5 million as refunds and $1.4 million as penalties for extreme delays in providing refunds to passengers due to the cancellation or change in flights, mostly during the pandemic, officials said. Air India is among the six…
View More US orders Air India to pay $121 mn as refund, $1.4-mn fineFarmers backbone of nation, can’t be made to suffer: VP
Vijay C RoyChandigarh, November 4Vice-President Jagdeep Dhankhar today said the farmers are the backbone of the country and they cannot be made to suffer financially to sustain others.FPOs can transform farm sector: ITC chiefThe government has taken far-sighted steps to promote Farmer Producer Organisations (FPOs) with multi-dimensional schemes to support…
View More Farmers backbone of nation, can’t be made to suffer: VP