Real estate developers association have started making demand to reduce Goods & Services Tax (GST) from 12% to 6% on under construction property transactions.

On Wednesday, National Real Estate Development Council (NAREDCO) approached the union government to fix GST rate for the real estate sector at 6% from the current rate of 12%.

The Supreme Court on Thursday will hear the Sahara-SEBI case.

In October, the Securities and Exchange Board of India (SEBI) moved the top court, seeking contempt proceedings against the Sahara Group for allegedly obstructing the process of auctioning its Aamby Valley property in Pune, initiated on court's direction.

Days after Coal India revised the wages in the company, its employees are protesting against the disparity of wage structure in Coal India with other public sector utilities. The employees have also alleged that the executive staff has increased its salary at par with other ‘Maharatna PSUs’ such as ONGC but that of non-executive staff continues to be low.

Senior officials in Coal India said the “young employees are urging their colleagues to raise the concern over low wages as it will impact their future growth.”

Mercedes-Benz, the country's biggest luxury car maker, will start introducing vehicles meeting the stringent Bharat Stage VI (BS-VI) emission standards in India from next year. It is the first in the segment to say so.

The first such cars will be rolled out for the Delhi market; the central government has decided only BS-VI fuel must be supplied in the capital from April 1, two years before national rollout. All new vehicles sold at present comply with BS-IV norms.

NEW DELHI: In a development that will revolutionalise the satellite launch system in the country, Indian Space Research Organisation (Isro) is developing a small launch vehicle that can be assembled in just three days as compared to 30-40 days for a normal-sized PSLV and can be built at a cost which will be just one-tenth the original manufacturing cost of a PSLV.

The manufacturing cost of a launch vehicle is generally in the range of Rs 150 crore to Rs 500 crore across the world.

New Delhi: Indian Oil Corp. Ltd (IOC) is considering buying Venezuelan crude for the first time in at least six years, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.

Venezuela’s economy has collapsed since crude prices plummeted in 2014, forcing it to delay payments for oil services and fuel supplies. Venezuela depends on oil for more than 90% of its export revenues.

New Delhi: The government will come out with an ordinance to make certain amendments to the Insolvency and Bankruptcy Code, corporate affairs minister Arun Jaitley said Wednesday.

The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry.

New Delhi: At loggerheads with the National Anti-Doping Agency (NADA) on the testing of Indian cricketers, the Board of Control for Cricket in India (BCCI) on Wednesday discussed the matter with sports minister Rajyavardhan Singh Rathore and also sought the government’s view on playing arch-foes Pakistan in the planned ICC Test Championship.

NADA wants to bring Indian cricketers in its net but the cricket board has rejected the demand. BCCI has insisted that it is a World Anti-Doping Agency (WADA)-compliant organisation so there was no need for it come under NADA’s supervision.

Facebook on Wednesday introduced its digital training and start-up training hubs in India aimed at helping small businesses and people grow by giving them the digital skills they need to compete in today's digital economy.

Facebook said it plans to train more than half a million people in the country by 2020 through these online training hubs, which are being rolled out first in India.

Patidar leader Hardik Patel on Wednesday said the Patidar group has accepted Congress’s formula to give reservation to the Patidar community at par with OBC. Patel was addressing a press conference.

The convenor of Patidar Anamat Andolan Samiti (PAAS), who is being wooed by the Congress for a partnership in the upcoming Gujarat elections, said, “We accept formula given by Congress party to give reservation at par with OBC to non-reserved categories,” adding, “Congress people are not our cousins, but when they speak about our rights we have to listen to it. And the formula they have offered is plausible.”

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