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President approves bankruptcy code ordinance
Nov 2017 , by in Latest News

President Ram Nath Kovind on Thursday approved the ordinance for amending the bankruptcy code. The amendments will make it difficult for insolvent promoters to acquire stressed companies. This came a day after the Cabinet referred the ordinance to the President for his assent. Top sources in the... Read more...

IKEA opens first Hej Home in India at Hyderabad
Nov 2017 , by in Latest News

IKEA, the Swedish furnishing retailer, on Wednesday opened its first experiential centre Ikea Hej (Hello) Home close to the IT hub of Hyderabad and their upcoming first store in the country. The Hej Home provides some insight into Ikea products and solutions which its future customers can actually b... Read more...

HDFC ERGO launches Inherent Defects Insurance Policy
Nov 2017 , by in Latest News

India’s third largest non-life insurance provider in the private sector, HDFC ERGO today announced the launch of the ‘Inherent Defects Policy’, a first-of-its-kind product in the non-life insurance sector. This new insurance policy provides cover to new buildings or civil structures against an... Read more...

NAREDCO proposes 6% GST rates for housing sector
Nov 2017 , by in Latest News

National Real Estate Development Council (Naredco) has proposed a flat Goods and Services Tax (GST) rate of six percent with input tax credit for housing sector. “We are seeking a rate of six percent flat with input tax credit, as it will give a very big boost to the demand. The benefit would p... Read more...

L&T may raise Rs 1500 cr for Hyderabad Metro
Nov 2017 , by in Latest News

L&T Metro Rail Hyderabad (LTMRHL), which is building the 72-km elevated Metro project in Hyderabad, is in talks to raise fresh funds to complete the second phase of the Hyderabad Metro Rail project. The company wants to raise about Rs 1,000-1,500 crore to lower the cost of debt. The first ph... Read more...

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