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According to one estimate just 20-30 per cent of housing in this segment have been sold and the rest are lying idle specially in metros like Delhi, Mumbai and Bengaluru.Business
Mumbai home buyers, here is good news for you

Builders who are sitting on hughe stockpile of unsold houses offering some 15-20 per cent discounts.

3 April 2017 2:58 PM IST

Yes Bank last week had informed about raising Rs 4,906.65 crore (USD 750 million) in Qualified Institutions Placement mode.Business
Yes Bank's fund-raising credit positive: Moody's

Moody's estimates Yes Bank's CET1 ratio at about 12.4 per cent at the end of March 2017.

3 April 2017 2:51 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).Business
2,800 employees of SBI's associate banks opt for VRS

Around 12,500 employees of the five associate banks are eligible to opt for VRS.

3 April 2017 2:42 PM IST

AIU officers rummaged AI 984, which resulted in the recovery of 20 gold bars and one crude gold chain totally weighing 2.362 kilograms valued at Rs 71,66,308. (Representational Image)Business
Gold prices inches up by Rs 20; silver slips

Gold is trading at Rs 29,270 per 10 grams at the bullion market.

3 April 2017 1:57 PM IST

PAN card is an important document for filing income tax returns.Business
Finance Bill 2017: New tax rules explained

Instead of raising income tax limit, govt reduced minimum tax rate from 10 per cent to 5 per cent.

3 April 2017 12:51 PM IST

Factory output grew at a higher rate of 9.9 per cent in October last year mainly driven by better performance of manufacturing sector and increase in output of capital goods by 16.5 per cent.Business
India factory activity at five-month high in March on strong demand:...

Indian inflation picked up pace in February to 3.65 per cent, after slowing in the previous month to 3.17 per cent.

3 April 2017 12:44 PM IST

Bajaj Auto said its total commercial vehicle sales during the month under review stood at 28,555 unitsBusiness
Bajaj Auto sales down 11 per cent in March

Domestic sales stood at 1,69,279 units as against 2,04,281 units in the corresponding period last year.

3 April 2017 12:24 PM IST

Jio said that bulk of its network is \already built\ and can support more than 60 per cent of estimated 2020-21 India data demand.Business
RIL stocks surge 52-week high of RS 1,380.50

Stocks of other major players like Bharti Airtel and Idea Cellular were trading some 3.3 per cent low.

3 April 2017 12:18 PM IST

Sikka believes that new technologies can have a huge impact on how Infosys global workforce can work together.Business
Infosys shares slip after Murthy slams COO's pay hike

Infosys co-founder had yesterday said compensation hike to U B Pravin Rao was not 'proper'.

3 April 2017 11:28 AM IST

Infosys co-founder N R Narayana Murthy.Business
Compensation hike to Infosys COO not proper: Murthy

Infosys co-founder raises question over 60 to 70 per cent increase in compensation for a top level person.

3 April 2017 11:25 AM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.Business
Sensex recoups 158 points; Nifty tops 9,200-mark

Sectoral indices auto, bank, oil & gas, consumer durables and capital goods advanced by up to 0.71 per cent.

3 April 2017 11:04 AM IST

According to IFA Global, a forex and treasury solution firm, the Indian rupee is the third best performing Asian currencies this year, up 4.63 per cent in the March quarter, its best quarterly gains since September 2012.Business
Rupee gains 8 paise against US dollar in early trade

Weakness in dollar against other currencies overseas supported rupee here.

3 April 2017 11:02 AM IST

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