Category: BUSINESS

The QuikrHomes consumer survey report provides insights about the future of home buying and is based on a survey that was conducted among 1500 participants across Delhi, Kolkata, Mumbai, Pune, Hyderabad, Chennai and Bangalore. The report enables one to understand the expectations, interests of property buyers from consumer demand perspective and highlights the key drivers that will shape the realty sector in 2018. Online property portals are gaining popularity amongst buyers with at least 60%participants opting for them across metros and tier-II cities. Over the last few years, online property portals…

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Finance and Corporate Affairs Minister Arun Jaitley today said online availability of data has opened corporate activities to public gaze and raised the possibility of detecting any impropriety. He said the ease at which the data is available now and is open for dissection has put pressure on everyone to ensure that there is compliance and transparency. “It’s now all open to public gaze. And being open to public gaze has its own advantages. It has the advantage that there is a pressure on everyone to make sure that compliances…

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Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to a census by the Reserve Bank. Singapore and Japan were the next two sources of foreign direct investment (FDI), said the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI today. Of the 18,667 companies that participated in the census, 17,020 had FDI/overseas direct investment in their balance sheets in March 2017, it said. “96 per cent of the responding companies were unlisted in March…

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NSE benchmark Nifty registered modest gains despite late volatility and advanced by 28.45 points to 10,817 — a fresh record closing high on sustained buying mainly in FMCG, bank Nifty and finance service sectors. Gains were triggered by reports indicating that the government is mulling a proposal to hike foreign direct investment (FDI) limit in the banking sector on the back of positive global cues amid sustained FII inflows, taking the key indices intra-day record highs, underpinned sentiment. However, heavy selling pressure during fag-end trade mainly in metal, realty, PSU…

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The all-powerful GST Council today veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses. The panel, headed by Finance Minister Arun Jaitley and comprising representatives of all states, at its 25th meeting today decided to reduce tax rate on 29 items and 54 categories of services with effect from January 25. Briefing reporters after the meeting, Jaitley said the next meeting of the Council may consider bringing items like crude oil, natural gas, petrol, diesel, ATF and real estate within…

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Showing an impressive resilience, the rupee bounced back in style after a brief overnight crash and ended higher by 16 paise at 63.88 against the US currency on bouts of dollar selling by exporters and banks. The government’s decision to slash its additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore, estimated earlier, literally brought some much-needed relief for the battered forex market. Moreover, a sharp pull back in crude prices — below the psychological USD 70-mark a barrel — too supported the rupee…

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The BSE Sensex continued its record-setting spree for a second day, scaling a new high of 35,476.70 in opening trade today as banking stocks led rally on sustained foreign fund inflows. Also, the broader NSE Nifty zoomed to a new high of 10,887.10. The 30-share index rallied by 394.88 points, or 1.12 per cent, to hit the peak of 35,476.70, breaching its previous intra-day high of 35,118.61 hit yesterday. Foreign investors put in Rs 625.13 crore in stocks on net basis yesterday, while domestic institutional investors bought shares worth Rs…

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West Bengal has received investment commitments worth Rs 17,000 crore soon after the start of the Bengal Global Business Summit (BGBS) here today. Reliance Industries Ltd has committed Rs 5,000 crore for the state over a few years, while the JSW Group has pledged Rs 10,000 crore over four to five years. The Adventz Group has committed Rs 1,000 crore in a multi-modal logistics park, and Sanjiv Goenka-led CESC Ltd will pump in an equal amount on a power distribution network. RIL Chairman Mukesh Ambani announced Rs 5,000 crore investment…

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NSE benchmark Nifty snapped its three-day winning streak today to end 41 points lower at 10,700.45, weighed down by selling in realty, metal, PSU bank, energy, infra, FMCG and auto stocks. Gains in IT sector cushioned the losses. Overseas, most European stocks edged higher as investors awaited the release of corporate earnings. Asian stocks gained, erasing early losses. US stock markets were closed yesterday. The NSE Nifty opened higher at 10,761.50 points and moved in a range of 10,762.35 and 10,687.85 before ending at 10,700.45 points, down 41.10 points, or…

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The Supreme Court today said it would hear after four weeks a plea of an animal rights’ body challenging a bill to legalise traditional buffalo race ‘Kambala’ and bullock cart races in Karnataka. A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said the fresh plea filed by the Federation of Indian Animal Protection Organisations (FIAPO) would be heard along with the plea of animals rights body PETA. “List after four weeks,” the bench said. FIAPO has filed the plea opposing the state…

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