IL&FS completes stake sale in education business, cuts consolidated debt by Rs 650 crore
The sale was completed pursuant to the approval granted by the National Company Law Tribunal’s principal bench through its order…
SC directs Mahagun to deposit Rs 240 crore by March for plot sold by Amrapali
During the hearing, the counsel appearing for NOIDA opposed the proposal of Mahagun that it be allowed to mortgage the…
Hotels, restaurants tell FinMin banks not cooperating in loan restructuring; may ‘succumb’ by year-end
Ease of Doing Business for MSMEs: Ever since the lockdown was enforced by the government in March, the hotel and…
Rural jobs fall, farm activity slows: Is rural India still economy’s growth engine amid double whammy?
In rural India, employment fell by 3.6 million in August and the count of the unemployed rose by 2.8 million…
Interest waiver: SC protects borrowers from coercive action by banks
“The question is about the demands of compound interest in the meantime. Moratorium and penal interest cannot go together. RBI…
Loan moratorium over but cash crunch persists? Reduce EMI, reset tenure
If possible, give an authority letter to a friend/relative whom you trust to collect the papers and loan closure letter…
Affordable Rental Housing Complex accorded infrastructure status
Finance Ministry has included ‘Affordable Rental Housing Complex’ (ARHC) under Harmonised Master List of Infrastructure Sub-sectors. This will help in…
Benefits of GST: What items, services got cheaper in last 3 years, FM Sitharaman tells
Nirmala Sitharaman today said that only 29 items are in the 28% tax rate and the loss of revenue, due…
Govt to study auto supply chain to boost localisation
NEW DELHI: The government has sought detailed information from automobile manufacturers on investments in the country, industry imports and localisation…
Not Jeff Bezos, Mark Zuckerberg or Bill Gates; this billionaire’s wealth swelled the most post Covid
Amazon’s Jeff Bezos saw a 68 per cent increase in his net worth from $113 billion to $189.49 billion during…