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New home launches declined 42% in April-June, sales down 58%
New home launches declined 42% in April-June, sales down 58%

New Delhi, As the second wave of Covid-19 and lockdowns across states impacted economic activities, housing launches decline 42 per cent on a quarter-on-quarter (QoQ) basis in the April-June quarter, according to a report by Anarock Property Consultants.

The top seven cities saw around 36,260 new units launch

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Samsung affiliates fined $206M for unfair business practice: Report
Samsung affiliates fined $206M for unfair business practice: Report

Seoul,  South Korea's antitrust regulator on Thursday said that it has decided to fine five affiliates of Samsung Group a combined 234.9 billion won ($206 million) for their alleged unfair business practice over an in-house cafeteria business.

The Korea Fair Trade Commission (KFTC) also said it will

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Saudi Aramco chairman to join RIL Board
Saudi Aramco chairman to join RIL Board

Mumbai,  In a major development in the much anticipate Reliance Industries, Saudi Aramco partnership, Yasir Al-Rumayyan, the Chairman of Saudi Aramco will join the RIL board as an Independent Director, announced RIL CMD Mukesh Ambani.

Addressing the 44th Annual General Meeting on Thursday, Ambani said th

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S&P lowers India's FY22 growth to 9.5%
S&P lowers India's FY22 growth to 9.5%

New Delhi,  Ratings agency S&P Global Ratings on Thursday lowered India's economic growth forecast to 9.5 per cent for this fiscal from an earlier prediction of 11 per cent.

According to the ratings agency, India's growth in fiscal 2023 (ending March 31, 2023) will likely come in at 7.8 per c

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UP to get 16 new distilleries soon
UP to get 16 new distilleries soon

Lucknow,  Uttar Pradesh will soon have 16 new distilleries that will benefit the sugarcane industry.

One of these distilleries owned by Dalmia Group has already started production while the remaining 15 will start production by the end of this year.

According to the government spokesperson

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More firms to come under ambit of small and medium sized companies
More firms to come under ambit of small and medium sized companies

 

New Delhi,   In a bid to enable more and more companies to avail greater flexibility in the accounting standard, the Ministry of Corporate Affairs (MCA) has expanded the ambit of small and medium companies (SMC) and has raised their turnover and borrowing limits.

In a notification,

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RIL's performance in FY21 exceeded expectations: Mukesh Ambani
RIL's performance in FY21 exceeded expectations: Mukesh Ambani

New Delhi, June 24 (IANS) Reliance Industries Chairman and MD Mukesh Ambani on Thursday said that the company's performance in FY21 exceeded expectations despite the ongoing pandemic.

Addressing the Annual General Meeting (AGM) of the oil-to-telecom giant, Ambani also commended the company and its employe

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Bengal MP Mimi duped in fake vax racket, one arrested
Bengal MP Mimi duped in fake vax racket, one arrested

 

Kolkata, Kolkata Police have arrested a man allegedly for running a fake vaccination in Kasba area in the southern fringes of the city based on a complaint by Trinamool Congress MP Mimi Chakraborty.

The actor-turned-politician found the camp suspicious when she received no official confirmati

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Mustard Oil emerges as favourite among health-conscious Indians
Mustard Oil emerges as favourite among health-conscious Indians

New Delhi,  As health consciousness grows among Indians, a large number of people are now reinventing the time-tested goodness of mustard oil in helping people stay fit.

While our "nana-nanis" and "dada-dadis" always seemed to know about the healing properties of "kachchi ghani&q

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CBI raids premises of Crompton Greaves in bank fraud case
CBI raids premises of Crompton Greaves in bank fraud case

New Delhi, The Central Bureau of Investigation (CBI) on Thursday said that it is carrying out searches at several locations in Delhi and Mumbai on the premises linked to Crompton Greaves in connection with a bank fraud case.

A CBI official related to probe told IANS, "Agency sleuths are carrying out sear

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