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In the “trusted products” category, Bentley Systems declared that its two infrastructure software Project Wise V8i and Bentley Navigator V8i have each won a commercial 2013 Constructech top product award. The award privilege technology solutions that have shown the greatest innovations geared toward the construction market. Eligibility for the trusted products category for Products and [...] Continue Reading »
According to an ICRA study, in 2013-14 while the number of downgrades exceeded upgrades for the third consecutive year, with 602 downgrades and 559 upgrades, overall, 3.3 per cent companies moved to the default category as against 4.5 per cent in 2012-13. ICRA said ,“During the last fiscal while both the number and severity of [...] Continue Reading »
If BJP’s prime ministerial candidate Narendra Modi is voted to power, it’s not just China that’s optimistic of a bigger economic presence in India. After the elections get over in May, Taiwan, which is still considered by Beijing as part of China, is likewise anxious of the poll outcome and is also hoping of its [...] Continue Reading »
Subrata Roy has been in Delhi’s Tihar Jail since March 4, has withdrawn proposal for modifying his bail conditions. Sahara had earlier last week, expressed its inability to pay Rs. 5,000 upfront for bail but proposed to pay Rs. 2,500 upfront and Rs. 2,500 three weeks after Subrata’s release. On March 26, the Supreme Court [...] Continue Reading »
IDFC Ltd’s transition to a bank will be painful. Meeting the requirements of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) and ensuring that 40% of its loans go to the priority sector will lead to a decline in return ratios. The requirement of 60% dilution of the holding company structure in the third [...] Continue Reading »
The Rajasthan Congress opposed the report which says that Robert Vadra purchased and sold the land and made undue windfall gain in the process. Mr. BD Kalla, Senior Congress leader, says that BJP is raising issues which have no significance. All the dealings done by Robert Vadra was as per the rules. The land was [...] Continue Reading »
Mr. S Raghupathy, Executive Director of CII-Godrej Green Business Council, says that this is an important development in the country and has caught the attention of commercial buildings, Government offices, heritage buildings and homes as the price has decreased over the years. He also concluded that the price of establishing a green building varies upon [...] Continue Reading »
The real estate firm Amrapali says that the cheques for Rs 75 crore given to Indian cricket team captain M S Dhoni were for developing a hospital in Ranchi. The firm informed that they were returned to them as the project did not take off. These remarks come from the developer when the cheques given [...] Continue Reading »
The District Consumer Disputes Redressal Forum has ordered CHB to pay the interest on Rs 70,000 at the rate of 9 percent per year to the complaint Mr. Surekha Sharma. The forum also advised the CHB to deposit Rs 7,000 as the compensation for the harassment faced by the complainant. According to the case, the [...] Continue Reading »
The private investment group Xander-backed Virtuous Retail Pte Ltd has appointed S Raghunandan as CEO and also appointed MN Hariharan as director of finance. Mr. Raghunandan has experience of over 30 years and joined Virtuous Retail after serving as CEO Retail of realty firm Prestige Group for the past six years. At Prestige, he handles [...] Continue Reading »
