The Development of Enterprises and Services Hub Bill, 2022 (DESH Bill), which will replace the Special Economic Zones (SEZ) Act, will benefit real estate developers by decreasing vacancies by denotifying vacant spaces and leasing them to domestic enterprises, said real estate experts. Developers with sizeable SEZ portfolios such as DLF and Tata Realty are looking … Read more
The stock has lost 10% in three trading sessions since its quarterly result on Monday morning. Synopsis The company reported a 10% year-on-year increase in sales value at Rs 2,610 for the quarter aided by the new launches which contributed one third. ET Intelligence Group: Mumbai headquartered Godrej Properties reported a double digit growth in … Read more
Services today account for close to 60% of our GDP, while manufacturing, typically the catchment area for trade unions, is about 18-19%. Synopsis In a scenario where access to oxygen cylinders, medicines, hospital beds is near impossible, none of the usual issues — GDP guesstimates, spiralling inflation, plunging index of industrial production, the schizophrenic stock … Read more
In the wake of a sharp surge in coronavirus cases in the state, the Haryana government on Wednesday urged the Centre to increase the quota of oxygen supply, even as it denied allegations that a state government official had stopped its supply to Delhi from a plant in Faridabad. Chief Minister Manohar Lal Khattar spoke … Read more
New Delhi: The Supreme Court Monday said it made a “mistake” by agreeing to examine pleas for probe by multiple agencies in the “franchise racket” in which a number of people were allegedly cheated of an estimated Rs 30 crore. A bench headed by Chief Justice S A Bobde, which on November 2 last year … Read more
WASHINGTON: Ahead of the inauguration of President-elect Joe Biden and Vice President-elect Kamala Harris on Wednesday, the American capital over the weekend was literally converted into a garrison city because of the multiple reports of threats and armed violence that security agencies have been receiving over the past few weeks. More than 25,000 National Guards … Read more
The use of electricity generators, except those needed for essential or emergency services, has been banned in the national capital region as part of the Graded Response Action Plan (GRAP). GRAP, which comes into effect today, in Delhi and NCR, was first notified by the Ministry of Environment and Forests in 2017 for implementation through … Read more
New Delhi: More than 3,000 National Capital Region (NCR) residents, including those living in high-end condominiums in Gurgaon, may be in for a dark winter as the Environment Pollution (Prevention & Control) Authority has banned diesel generators (DGs) from October 15 and at least seven residential complexes in the region are completely dependent on gensets … Read more
The Asian Development Bank (ADB) has approved a $1 billion loan to support construction of the modern, high-speed Delhi–Meerut Regional Rapid Transit System. Financing for the project will be implemented in four tranches between August 2020 and May 2025. The Government of India will provide $1.89 billion and co-financiers are expected to provide $1 billion … Read more