National Real Estate Developers Council (NAEDCO) asked for lowering of interest rates on home loans to 8% and said it would help achieve housing for all by 2022. In a ‘Delhi Declaration’ issued at the end of the two-day national convention, NAREDCO welcomed the government’s commitment to clear various bottlenecks in implementing the policy and […]
The floods in Jammu and Kashmir have caused an immediate loss of Rs 5,400-5700 crore, well exceeding 10 % of the state’s GDP with heavy damages to trade, hotels, restaurants, horticulture and handicraft, according to ASSOCHAM. The total loss estimated are Rs 2,630 crore only to the hotels, trade, agriculture-horticulture, roads and bridges in the […]
Despite repeated clarifications from the Central Government, a district consumer forum has dismissed a consumer complaint against Bharti Airtel Ltd and asked the consumer to set up arbitration against the telecom company to resolve a billing dispute of Rs 347. Arbitration panels are usually set up for heavy matters that typically involve hundreds or thousands […]
Soon after the successful launch of its ZTE V5 smartphone, the Chinese brand is planning to follow up with two cheaper models – the Blade L2 and the ZTE V969. The first model model, which unfortunately comes with Android 4.2, will be priced in line with its current entry-level 5-inch model, Grand X Quad V987. […]
Indian property developers are anticipating a 35% surge in enquiries from NRI-based purchasers as compared to last year about 18%, even as Bangalore remains their favorite destination, reveals the Associated Chamber of Commerce and Industry of India (ASSOCHAM) latest study. The ASSOCHAM conducted a random survey of nearly 850 real estate developers in Delhi-NCR, Chandigarh, […]
Union Food Processing Industries Minister Smt. Harsimrat Kaur Badal said her ministry will try to bring down losses in the agricultural commodities, particularly in fruits and vegetables, from the present 18% to much lower levels. Addressing the meeting organised by the Ministry of Food Processing Industries (MOFPI) in association with the Associated Chamber of Commerce […]
Impressed by Xiaomi’s Mi3 smartphone? In a development that could create even bigger waves than the Chinese company’s entry into the smartphone market, Xioami, along with Flipkart, is likely to launch Mi TV 2 – a 49 inch ultra-high-definition TV priced in the range of Rs 60,000-65,000 in India. UPDATE: The company has launched a […]
Idea Cellular Ltd, India’s third biggest mobile company, has been fined Rs 25,000 for deactivating a SIM. Idea claimed that the connection was deactivated due to disuse, while the consumer, Anand Krishnan of Kasargod in Kerala, claimed that the number was in use regularly. Krishnan produced a call list of his BSNL landline number which […]
Power and infrastucture player Lanco plans to sell 3000 MW of assets to raise Rs 5,000 crores cash to reduce its debt, the company said. “Since last one year, we have been working on each of the projects to settle the issues and bring back viability. With all these measures as well as in the […]
A New Delhi consumer forum has imposed a fine of Rs 5 lakh on Bharti Airtel Ltd after the company continued to seek dues from a person even after the bill was paid. In a complaint by IT professional Jasmeet Singh Puri, the forum also expressed its consternation at the “lackadaisical attitude” of Bharti Airtel’s […]
Karbonn Mobiles is likely to launch yet another 5-inch Android model, Titanium S10, next week at a price of Rs 7,200-7,500, according to an industry source. Not much is known about the phone, except that it will sport a five inch display, and will almost certainly have Android Kitkat 4.4. What is not known is […]
The Alcatel POP D5, the cheapest Indian 4.5-inch phone with Android Kitkat, is expected to hit stores in India in the coming week for Rs 5,500. The phone will compete with the Spice Stellar 497, which is priced at Rs 5,545 on Flipkart, and the Micromax Unite 2, priced at Rs 6,250. The specifications of […]
The Samsung Galaxy S5 Mini will be officially launched in India this coming week, according to industry sources, and will be priced at around Rs 26,000. The phone, which carries a 4.5-inch Amoled HD display, is currently available in India in the grey market through channels like eBay, but these purchases do not carry the […]
Close on the heels of its 1,999 rupee offer, SpiceJet has announced one more offer under a Rs 599 scheme. One way fares start at Rs 599 (including fuel surcharge, but excluding statutory taxes and fees)) and Rs. 1999 (all-in). It must be noted that the low fare is not available on all flights, or […]
The Great Eastern Shipping Company Limited said it has signed a contract to buy a Supramax Bulk Carrier of about 52,454 dead weight tonnes. The 2006 built vessel is expected to join the Company’s fleet in September-October 2014, it said. The Company’s current fleet stands at 30 vessels, comprising 22 tankers (8 crude carriers, 12 […]
Film and entertainment rights holder Shemaroo Entertainment will kick-off its IPO process on Tuesday, when it will announce the dates on which the IPO will open. The IPO is likely to be conducted within September. There have been only two IPOs this year — those of Wonderla Holidays and Engineers India Ltd. Another one, Loha […]
The second of Samsung’s 64-bit phone, Samsung Galaxy Alpha, could be priced well above what other 64-bit models would be priced at, according to industry sources. The Alpha is likely to be priced in the range of Rs 30,000 in India, or about $400 outside. In comparison, the similarly speced Huawei G621, is likely to […]
Tata Power said it has got its standby power generation in operation to supplement its capacity in Mumbai after a regular unit tripped yesterday. The company said unit no 6, an oil-fired power plant, has been put into generation pending work going on at the fifth unit. “While Unit No.5 restoration work is still under […]
Hiring levels continued to be robust in India, according to the Monster Employment Index for August. The index, which compares hiring in a particular month against a base month, saw hiring activity hold firm in line with the trend seen since February. Hiring activity, as measured by the index, has remained at the 150-154 range […]
Mumbai’s real estate prices increased 7% over the last one year, while Delhi region saw no change in house prices and Bangalore saw a dip of 5% in prices per square foot, according to a survey by real estate portal 99acres.com. In terms of rentals, Delhi-NCR region saw a dip of 3% and Bangalore has […]
