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Union Cabinet approves new metro rail policy
Wed, Aug 16, 2017
The government today approved a new metro rail policy for expanding the metro network across various cities in the country, officials said. The new policy was approved by the Union Cabinet chaired by Prime Minister Narendra Modi.
Apple seeks tax breaks for suppliers to make iPhones in India: sources
Tue, Aug 01, 2017
Apple Inc has asked the Indian government to extend tax breaks to its suppliers if India seeks to become a manufacturing hub for iPhones and its components. Government officials say meeting this request would require a new policy that applies fairly to other device makers, too.
Unsold home inventory drops 17% but remains high at nearly 6 lakh, Mumbai leads followed by NCR and Bengaluru
Wed, Jul 05, 2017
India's property is slowly recovering as unsold inventory levels dropped 17% from its peak of 2014, Knight Frank India said. Unsold inventory, however, currently stands at 5,96,044 units.
Trivandrum tops Govt's new list of 30 Smart Cities; 20 cities to contest for remaining 10 slots
Fri, Jun 23, 2017
Trivandrum has topped the government's new list of 30 Smart Cities announced on Friday while Naya Raipur in Chattigarh came in at second spot and Rajkit in Gujarat came in at third ranking in the new list of Smart Cities. Find out, which are other cities that have made their names to government's third round of Smart City list.
Hyderabad tops APAC region for investment in commercial office space
Wed, Jun 14, 2017
Highlights: 1. Hyderabad has emerged as the number one commercial office investment destination in APAC market, says Cushman & Wakefield's latest report
Intel to create jobs in India with Rs 1,100 crore investment in new R&D centre
Wed, Jun 14, 2017
Intel's latest investment is in addition to the $2 billion investment it has put into the country already till 2016.
Despite demonetisation, Bengaluru, New Delhi & Mumbai record healthy growth in office rental in Q1: Knight Frank
Tue, Jun 06, 2017
Highlights: 1. CBD area of Bengaluru registered 4.7% growth in the office rental space in Q1 of 2017 2. Connaught Place area of New Delhi recorded 4.3% growth in office rental in Q1
Job losses in IT industry to impact residential real estate in Bengaluru, Hyderabad, others: JLL
Sat, May 27, 2017
According to a recent study by JLL, due to massive job lossess in the Indian IT industry on account of automation and artificial intelligence, the demand for residential realty across IT hubs of Bengaluru, Hyderabad, Pune, Navi Mumbai and Noida is likely to get impacted.
Air India plans to raise Rs 80 crore through sale of 7 properties via e-auction process
Mon, May 22, 2017
Air India on Monday announced to sell its exclusive properties in the form of land parcels/built-up flats located at prime location in Mumbai, Bengaluru and Trivandrum through e-auction process by MSTC.
Mumbai beats Delhi & Bengaluru in global luxury homes market; registers 1.1% in 12-month period
Tue, May 16, 2017
India's financial capital Mumbai has recorded 1.1% price growth in luxury homes market during the 12-month period between March 2016 to March 2017, said Knight Frank report.
'IT to layoff up to 2 lakh engineers annually for next three years'
Sun, May 14, 2017
According to recruitment consultancies, the Indian IT sector is likely to witness layoffs between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies.
Mutual Funds' asset base from smaller cities up 41% to Rs 3.09 lakh crore in FY17
Sun, May 14, 2017
The contribution of the country's smaller towns -- beyond-15 cities (B15) in industry parlance -- to mutual funds' (MFs) asset base surged 41% to Rs 3.09 lakh crore by March-end due to investor-friendly initiatives by Sebi.
Xiaomi opens first retail store in Bengaluru; to open 100 Mi Home stores in 2 years
Thu, May 11, 2017
Xiaomi's first retail store will be open on May 20th in Phoenix Market City, Bengaluru.
Auto component maker Bosch to resume Bengaluru plant operations from May 8
Sun, May 07, 2017
Auto component major Bosch will restart operations at its Bengaluru plant from May 8, Monday after the state anti-pollution body clarified that the closure notice is not applicable to the company's facilities.
Wipro steps up security at all offices after receiving threat mail to pay Rs 500-crore as ransom
Sun, May 07, 2017
IT company Wipro has stepped up security at all its offices after receiving a threat mail to send a toxic drug to its campus in Bengaluru on Friday if it fails to pay Rs 500-crore as ransom in the form of bitcoin by May 25.
Auto component maker Bosch shuts Bengaluru plant as pollution board serves notice
Sat, May 06, 2017
Auto component major Bosch has temporarily shutdown operation of its plant at Adugodi, Bengaluru after getting notice from the Karnataka State Pollution Control Board.
Which is your best option: Ready-to-move flats or under-construction properties?
Thu, Apr 20, 2017
Due to falling home loan interest rates, demonetisation, India's real estate industry is witnessing a revival with developers observing preference for ready-to-move flats over under-construction ones for the upcoming Akshaya Tritiya festival.
Real Estate: No new launches in Mumbai, Gurugram & Noida as unsold houses peak
Wed, Apr 19, 2017
India's cities like Mumbai, Gurugram and Noida have witnessed a minimum new launches of housing during the first quarter of 2017.
Exfinity Venture Partners invests Rs 8 crore in AI+VR start-up Absentia
Tue, Apr 18, 2017
Absentia claims that with just a few lines of text or pictorial input, Norah can create a completely new set of interactive content such as Arcade games, Casual games, Puzzles, Animation, Graphics
Mumbai's income tax zone misses revenue target of Rs 2.79 trillion in FY17
Mon, Apr 10, 2017
The Income Tax Department of Mumbai has missed the revenue mop-up target of Rs 2.79 trillion for the financial year 2016-17 on account of more refunds given to tax payers.