To protect homebuyers from bankrupt builders, here is what Narendra Modi government is looking to do

To protect homebuyers from bankrupt builders, here is what Narendra Modi government is looking to do

Lakhs of homebuyers have been affected by the bankruptcy proceedings initiated against builders such as Jaypee Infratech and Amrapali.

Railways passenger fares: Flexi-fares in Rajdhani, Duronto, Shatabdi trains somewhat offset volume fall
Railways passenger fares: Flexi-fares in Rajdhani, Duronto, Shatabdi trains somewhat offset volume fall

Earnings from the passenger segment stood at around Rs 47,500 crore for financial year 2016-17, a tad below the revised target of Rs 48,000 crore, but better than the Rs 45,376 crore achieved a year earlier.

Eating out: Here is what Delhi, Mumbai, Bengaluru citizens really like to do
Eating out: Here is what Delhi, Mumbai, Bengaluru citizens really like to do

The three-metro sample size for the survey was carved out of the 1.08 million Amex card holders in India, as per Reserve Bank of India records.

With no buyers, corporates with power plants turn to self-use; trend may sustain
With no buyers, corporates with power plants turn to self-use; trend may sustain

The Electricity Act, 2003, allows captive power plants to sell their surplus power to customers who can buy power through ‘open access’ at power exchanges. As states buy more and more power through electricity exchanges, spot prices of power have risen considerably in recent times.

Amazon, Flipkart to give much-needed boost to consumer electronics after it suffered demonetisation, GST blows
Amazon, Flipkart to give much-needed boost to consumer electronics after it suffered demonetisation, GST blows

Flushed with funds, these companies will drive sales online by offering attractive offers and discounts. While Flipkart recently raised $1.4 billion from Tencent, eBay and Microsoft, it raised another $2.5 billion from Softbank.

RBI highlighted economic growth likely to improve in second half of fiscal: MPC Minutes
RBI highlighted economic growth likely to improve in second half of fiscal: MPC Minutes

The other two members of the committee, Chetan Ghate, professor, Indian Statistical Institute and Pami Dua, director, Delhi School of Economics also voted to keep the repo rate unchanged.

Gold loan NBFCs report lower delinquency, soaring profits because of this big step
Gold loan NBFCs report lower delinquency, soaring profits because of this big step

Gold loans normally have a tenure of one year and used to be repaid in one bullet repayment along with interest. However, in the past couple of years, forced by a decline in gold prices, these companies have started collecting interest from borrowers at periodic intervals without waiting for loan maturity.

Horoscope: By Peter Vidal

Today ( 19 Oct )This Week ( 15 Oct - 21 Oct )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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