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Narendra Modi’s win to boost business ties with Taiwan

Narendra Modi’s win to boost business ties with Taiwan
If BJP’s prime ministerial candidate Narendra Modi is voted to power, it’s not just China that’s optimistic of a bigger economic presence in India. After the elections get over in May, Taiwan, which is still considered by Beijing as part of China, is likewise anxious of the poll outcome and is also hoping of its [...] Continue Reading »

Subrata Roy withdraws proposal to modify bail terms

Subrata Roy withdraws proposal to modify bail terms
Subrata Roy has been in Delhi’s Tihar Jail since March 4, has withdrawn proposal for modifying his bail conditions. Sahara had earlier last week, expressed its inability to pay Rs. 5,000 upfront for bail but proposed to pay Rs. 2,500 upfront and Rs. 2,500 three weeks after Subrata’s release. On March 26, the Supreme Court [...] Continue Reading »

RAJIV GANDHI EDUCATION CITY

RAJIV GANDHI EDUCATION CITY
In December, the foundation stone for the extension campus of IIT-Delhi at Kundli and Indian Institute of Information Technology (IIIT) at Kilhorad village in Sonipat was laid by Union minister Pallam Raju and Haryana chief minister Bhupinder Singh Hooda. IIT-Delhi’s extension campus at Rajiv Gandhi Education City in Kundli would have a science and technology [...] Continue Reading »

IDFC: now comes the hard part

IDFC: now comes the hard part
IDFC Ltd’s transition to a bank will be painful. Meeting the requirements of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) and ensuring that 40% of its loans go to the priority sector will lead to a decline in return ratios. The requirement of 60% dilution of the holding company structure in the third [...] Continue Reading »

Cong says Vadra purchased and sold land as per the rules

Cong says Vadra purchased and sold land as per the rules
The Rajasthan Congress opposed the report which says that Robert Vadra purchased and sold the land and made undue windfall gain in the process. Mr. BD Kalla, Senior Congress leader, says that BJP is raising issues which have no significance. All the dealings done by Robert Vadra was as per the rules. The land was [...] Continue Reading »

Green buildings achieve a major landmark

Green buildings achieve a major landmark
Mr. S Raghupathy, Executive Director of CII-Godrej Green Business Council, says that this is an important development in the country and has caught the attention of commercial buildings, Government offices, heritage buildings and homes as the price has decreased over the years. He also concluded that the price of establishing a green building varies upon [...] Continue Reading »

Amrapali says cheques for Rs 75 cr given to Indian Cricket captian were to build hospital

Amrapali says cheques for Rs 75 cr given to Indian Cricket captian were to build hospital
The real estate firm Amrapali says that the cheques for Rs 75 crore given to Indian cricket team captain M S Dhoni were for developing a hospital in Ranchi. The firm informed that they were returned to them as the project did not take off. These remarks come from the developer when the cheques given [...] Continue Reading »

CHB penalized for not paying interest on earnest money

CHB penalized for not paying interest on earnest money
The District Consumer Disputes Redressal Forum has ordered CHB to pay the interest on Rs 70,000 at the rate of 9 percent per year to the complaint Mr. Surekha Sharma. The forum also advised the CHB to deposit Rs 7,000 as the compensation for the harassment faced by the complainant. According to the case, the [...] Continue Reading »

Virtuous Retail brings in S Raghunandan as CEO

Virtuous Retail brings in S Raghunandan as CEO
The private investment group Xander-backed Virtuous Retail Pte Ltd has appointed S Raghunandan as CEO and also appointed MN Hariharan as director of finance. Mr. Raghunandan has experience of over 30 years and joined Virtuous Retail after serving as CEO Retail of realty firm Prestige Group for the past six years. At Prestige, he handles [...] Continue Reading »

Disparity among Indian rich higher than elsewhere

Disparity among Indian rich higher than elsewhere
In drop-down of wealth, India has one of the worst records. As per the records of last year for every one billionaire in India, there were just 26 ultra high net-worth individuals (UHNIs) whose net assets are over $30 million without their primary residence. For every billionaire in Japan there were 609 UHNIs. In Brazil [...] Continue Reading »