MP government relaxes license norms for real estate sector

In a relief to real estate sector, Madhya Pradesh government on Tuesday approved a proposal to reduce the number of documents needed to get government permission for projects from 27 to five and allowed real estate companies to have one licence for the entire state. This was decided at the…

Rakesh Misri Takes Over As HPCL Marketing Director

Rakesh Misri took over as Director-Marketing of Hindustan Petroleum Corporation Ltd (HPCL) on Thursday. Prior to his appointment as Director-Marketing, Misri was Executive Director-Marketing Coordination in the public sector company. A gold medalist in Civil Engineering from REC Srinagar (now NIT Srinagar), Misri has a rich and varied professional exposure…

Real estate sector’s recovery only a matter of time, says CLSA

CLSA is positive on real estate and has seen encouraging signs of recovery in the coming days, Mahesh Nandurkar, India Strategist at CLSA, said in an interview with CNBC-TV18 He added that the real estate sector turnaround is only a matter of time. On markets, Nandurkar said: “The reason why…

Citibank To Pay $30 Million Fine to Settle Real Estate Violations

Washington: Citibank has agreed to pay a $30 million (23.7 million pounds) fine to settle charges of repeated violations of real estate holding rules and for failing to meet its commitment to take corrective actions, the US Office of the Comptroller of the Currency (OCC) said on Friday. Federal law limits…

Where to invest now when interest rates are falling

The Reserve Bank of India (RBI) has cut the repo rate five times this year. Banks, following suit have cut interest rates on loans as well as on an investment avenue favoured by many Indians – fixed deposits. Yes, the flipside to the lower interest rate regime is the fall…