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Luxury housing sales rise in Delhi-NCR

BPTP’s senior VP (sales & marketing) Amit Raj Jain points out that there is a lot of traction on properties upwards of Rs 1.2 crore, as people started to realise that this is the best time to buy houses.
In 2019, total sales were 46,910 units, of which 3% was luxury. (Representative image)

PM Modi announces Rs 1,000-crore seed fund for startups

Through the GeM portal, local startups have been given the opportunity to participate in government tenders at par with big companies.

Through the GeM portal, local startups have been given the opportunity to participate in government tenders at par with big companies.

Road to Recovery: Imports rise for the first time in 10 months

Reflect nascent revival of domestic demand

Overall, merchandise exports still still down by 15.7% up to December this fiscal, while imports contracted by 29%.

Studying The Gap: Only 32% of Indian homes pay digitally, though 68% have smartphones

At the same time, among people that do pay digitally, the use of payment apps is more widespread than that of online banking, the report said.

Covid push: Pharma exports surge 16%, defy broader gloom

The rise is remarkable, especially in the light of initial Covid-induced disruptions in the supply chain and the temporary restrictions on the exports of 26 drug formulations and active pharma ingredi

Covid Paradox: Poor hygiene equals less Covid deaths

It wasn’t as if India handled the Covid pandemic better than OECD countries or that it had a less virulent strain, a CSIR study found that countries with better hygiene and sanitation standards tend

covid 19 cases in india, covid 19

Deep mining: Over 500 non-coal mineral blocks up for grabs

Sources said the Cabinet also gave the go-ahead for reallocation of several non-producing blocks of the state-run companies, a move that could also enthuse the private players as many of these blocks

The cabinet has also approved introduction of an index-based mechanism by developing a National Mineral Index (NMI) for various statutory payments and others for future auctions.

Strong Q3 numbers: Infosys raises revenue guidance for 2020-21

Infosys CEO and MD Salil Parekh said the company’s capabilities in areas of digital and cloud were enabling it to win clients, including global majors such as Vanguard, Daimler and Rolls-Royce.

Nilanjan Roy, CFO, Infosys, said the focus on optimising operational costs and sub-contract costs helped. “We definitely benefited from not having travel expenses,“ Roy said.

Wipro reports strong numbers in December quarter

Operating margin expanded sequentially by 243 bps to 21.7%, a significant growth in the last 22 quarters. The company surpassed all market estimations and gave a revenue guidance of 1.5%-3.5% for the

The management also announced an interim dividend of Rs 1 per equity share with the record date of January 25. The company has also closed a Rs 9,500-share buyback on January 11.

Ed-tech Boom: Unacademy shares change hands in $50-million deal

The infusion comes less than two months after the ed-tech firm raised fresh funds from Tiger Global and Dragoneer Investment Group in a primary financing round at a post-money valuation of $2 billion.

Infosys set to see double-digit revenue growth in FY22

The country’s second-largest technology services major saw its revenues grow by 6.2% sequentially in dollar terms and 5.3% in constant currency, its best in eight years.

The growth has been broad-based with revenues from the BFSI, high tech and life sciences verticals growing in double digits y-o-y.

Cracking JEE: Amazon India forays into ed-tech space

Amazon said in a statement. In addition to the JEE, those preparing for other engineering entrance exams like BITSAT, VITEEE, SRMJEEE and MET can also benefit from the available content resources. The

Unacademy, Eruditus and Vedantu collectively raised over $500 million from investors.

Budget cuts lead brands to yesteryear actors

A survey of 110 companies conducted by the Indian Institute of Human Brands in July last year had found that brands expected top celebrities to drop their fee by 20-30%.

Besides cost-efficiency, experts also cite the proliferation of several new brands and categories as a reason for roping in yesteryear stars as endorsers.

Q3 preview: India Inc to see a smart rebound

However, certain products, two-wheelers for instance, may not have fared well in the home market but have done well in the export market.

Sectors such as capital goods are expected to have seen a rebound in order inflows and also execution.

Vaccine roll-out: Norms being fine-tuned, states ready

As part of preparations for the nationwide roll-out, the health ministry on Sunday held a video conference with officials from states and UTs to discuss feedback on Co-WIN and its operational use gath

Meanwhile, Delhi health minister Satyendar Jain on Sunday said the city government has finalised 89 sites to roll out the Covid-19 vaccination drive in the national capital from January 16.

Sharp Drop: States’ capex seen down a quarter

To be sure, many states have in recent months seen a rise in own tax revenues (OTR) from the lows witnessed in the lock-down period.

From the range of 25-50% of normal in May, OTR of most states in October either surpassed or was on a par with the same in the year-ago month.

Hiring Slows: Fewer full-time job offers in December

Meanwhile, the trend of fewer opportunities being generated in the top five metro locations persisted with their contribution to the total active job counts at a low 28%, down from the earlier highs o

Overall, after staying nearly constant in October and November, the active jobs count dipped in December 2020. (Representative image)

Investors continue to support consumer internet companies

“There is a limit in terms of how much Arpus can grow and many a time unlocking more markets provides a better return on capital invested,” Danak pointed out.

More than 10 start-ups across sectors ranging from beauty to payments turned unicorn in 2020 against nine in 2019.

Bad debt: Budget set to remodel ARCs

Earlier this fiscal, chief economic adviser Krishnamurthy V Subramanian had told FE that several “important considerations need to be kept in mind” while assessing the desirability of a bad bank.

The Budget proposal for capital infusion into public-sector banks (PSBs) in the next fiscal is still being worked out but the amount could be at least the same as in FY21 (Rs 20,000 crore), a source told FE.

Data Privacy: Concern over WhatsApp’s new policy

Privacy experts and anti-trust bodies have also raised alarm at this new privacy policy of WhatsApp.

Only if the intermediary concerned fails to do the same expeditiously or it is found that it has conspired, abetted or aided in the generation of such content, can the government take action against it.

Government puts out draft pre-pack scheme

Pre-pack will usually see resolution and not end up with liquidation, except when the creditors decide to liquidate the corporate debtor with a 75% voting share.

As reported by FE earlier, the “pre-pack” scheme will be a pre-IBC window for resolution of toxic assets, which will only complement the existing framework but not substitute it.

Investors disenchanted: Equity MFs see outflows for sixth month

Experts observed further profit booking could be expected if stock prices continued to surge.

Equity MFs, markets hit new highs, IPOs, which have given investors good returns, profit booking ,

Impasse: Government says no to repeal of laws, farmers firm

On Thursday, thousands of farmers held tractor-marches from Singhu, Tikri and Ghazipur borders, intensifying their agitation against the three laws governing agriculture production and marketing.

While farmer leaders claimed that the government asked them to approach the court, Tomar denied making any such request.
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