The Reserve Bank of India (RBI) today raised the benchmark lending rate by 50 basis points to 5.90 per cent. This marks the fourth consecutive rate hike by the RBI…
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SBI drags Jaiprakash Associates to NCLT; files insolvency plea claiming default of Rs 6,893.15 crore
Country’s biggest lender SBI has moved the National Company Law Tribunal (NCLT) against Jaiprakash Associates Ltd for initiation of insolvency proceedings against the debt-ridden company. State Bank of India (SBI)…
Real estate sector well-placed to absorb RBI’s another rate hike, says Anarock
New Delhi: With the inflationary pressures evident across the globe, many countries have been witnessing back-to-back interest rate hikes. India too is closely knit to the global economy and had…
UP RERA imposes penalty of over Rs 1.39 crore on 13 developers for non-compliance
In a bid to tighten the noose around errant builders, Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has imposed a penalty of over Rs 1.39 crore on 13 builders for…