The National Company Law Tribunal (NCLT), the new avatar of Company Law Board (CLB), while dismissing petition filed by Unitech Ltd, has asked "depositors to pursue their remedies as per the law". The NCLT also suggested the concerned Registrar of Companies (RoC) to take appropriate action...
  • I stay in rural Maharashtra. We have reached a stage in life where we hardly shop but sometimes need specialty items like books, computer peripherals, herbal teas and the like. These items are not available in our rural town of Phaltan where we live and so we do online shopping. In the last...
  • Against the backdrop of low demand and slow home sales, Reserve Bank of India (RBI) Governor Raghuram Rajan's plea to real estate developers to "adjust" their prices to encourage buying was met with a refrain: There is no scope to cut prices, which have already undergone...

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    Lack of affordability leads to muted growth in housing prices   House Price Inflation is moderating as per Reserve Bank of India's Housing Price Index (HPI). House price inflation reduced to 9.8% y-o-y in the October-December quarter of 2015. This is the lowest ever-recorded number...
  • Each plane with eight people on board can land and fly from the sea. These planes will land on the Mandovi river, giving tourists the opportunity to catch glimpses of the backwaters   Goa is all set to launch seaplane and amphibian rides for tourists, a top state government official...
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