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Luxury and mid segment housing, both saw increased queries in comparison to last year.

Unsold affordable housing stocks rise 3 per cent in Q1

The luxury segment or units priced Rs 1.5 crore to Rs 2.5 crore, too saw a decline in unsold stocks by 12 per cent.

12 Jun 2019 2:42 AM IST

ITC Chairman Sanjiv Puri

ITC to manage hotels, expand in South Asia

The entire amount will be invested over the next few years, ITC Chairman Sanjiv Puri said in Kolkata on Tuesday.

12 Jun 2019 2:38 AM IST

Natarajan Chandrasekaran is one of the groups most highly regarded executives and the man behind its best-performing unit. (Photo: PTI)

N Chandrasekaran says Tata Global needs a large portfolio

In the FMCG segment, we need a large portfolio. We cannot just be a single tea player and depend on it to attain scale.

12 Jun 2019 2:34 AM IST

The automakers sold a total of 3,01,238 units in May 2018, the latest data from the Society of Indian Automo-bile Manufacturers, or Siam, said on Tuesday.

Auto industry seeks support as car sales see sharpest decline in 18...

Total two-wheeler sales in May declined 6.73 per cent to 17,26,206 units versus 18,50, 698 units a year ago.

12 Jun 2019 2:30 AM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL clears Rs 961 crore interest on NCDs

The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders.

12 Jun 2019 2:23 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Moody's puts Yes Bank under rating review

The move comes a day before the bank's annual general meeting scheduled on Wednesday.

12 Jun 2019 2:20 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee recovers 21 paise against US dollar

Forex dealers said heavy buying in domestic equities propped up the rupee.

11 Jun 2019 7:18 PM IST

Reserve Bank of India (RBI)

New RBI norms to give more lenders headroom to resolve large NPAs:...

New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.

11 Jun 2019 7:10 PM IST

CII on Sunday said businesses across several key sectors are seeing firm growth in sales and orders.

Bring down corporate tax to 18 per cent sans exemptions: CII

Government has already reduced corporate tax to 25 per cent for companies having turnover of less than Rs 250 crore.

11 Jun 2019 6:47 PM IST

The power ministry has categorised charging batteries of electric vehicles as a service, a move which will help such stations operate without licence and encourage the use of e-vehicles.

Auto component industry seeks stable road map for EV transition

Govt should adopt a pragmatic approach to create a stable and long-term road map for a transition to EVs, said industry...

11 Jun 2019 6:37 PM IST

Tata Steel gave no update on the future of the rest of its UK assets including Britains biggest steel plant at Port Talbot in Wales.

EU blocks Thyssenkrupp-Tata steel merger plan

The aim of the merger had been to create the second largest European steel company behind multinational giant...

11 Jun 2019 5:25 PM IST

Even if companies can continue to sell components without being subject to US restrictions, any disruption to Huaweis operations will have a knock-on effect on its suppliers. (Photo: AP)

Huawei denies being bound by Chinese spy laws

Huawei currently provides the most advanced -- and least expensive -- 5G technology in the world.

11 Jun 2019 5:17 PM IST