Indian government’s decision to cut GST rates on various products will increase purchasing power of consumers and boost demand for residential properties in the upcoming festive season, according to realtors’ body CREDAI. Illustration: Dominic Xavier/Rediff The association, which has a
The next many decades belong to India as the global economic powerhouse, and it will be essential to continue demonstrating policy stability, as the country aspires to be the world’s manufacturing hub, Maruti Suzuki India MD and CEO Hisashi Takeuchi
Equity benchmark indices Sensex and Nifty surged on Friday in line with a global market rally amid rising hopes that the US Federal Reserve will cut interest rates next week. Photograph: ANI Photo Optimism over a successful conclusion of India-US
Stock market regulator Sebi’s board on Friday cleared significant reforms, focusing on IPO regulations, simplified entry for foreign investors, and a new framework for anchor investors in public issues. Photograph: ANI Photo This was the third board meeting chaired by
‘We are increasing our footprint, but other markets also compete — like Indonesia or Vietnam.’ Photograph: Kind courtesy Lenovo India/Instagram It is the largest personal computer (PC) player in the world and holds the second spot in India in terms
Indian Real Estate Investment Trusts (REITs) are generating an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by CREDAI and Anarock. Illustration: Dominic Xavier/Rediff CREDAI, the apex body
India’s forex reserves jumped $4.04 billion to $698.27 billion during the week ended September 5 on the back of a sizeable increase in value of gold reserves, the RBI data said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting
The initial public offer of app-based beauty and home services platform Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the last day of bidding on Friday. Illustration: Dominic Xavier/Rediff The Rs
Retail inflation in August rose slightly to 2.07 per cent from 1.61 per cent in the preceding month, mainly due to increase in prices of vegetables, meat and fish, according to a government data released on Friday. Photograph: ANI Photo
‘In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.’ Illustrations: Dominic Xavier/Rediff After the Goods and Services Tax Council took the historic
