Page 46 - Representative Image News Today

The market has and continues to reprice and investors were extending and pretending and now more people are willing to sell in order to reallocate the capital," Mark Allnutt said on the sidelines of the MIPIM real estate industry gathering in Cannes this week.

Deputy CM DK Shivakumar has announced a decentralized automated online approval process for residential construction plans in Bengaluru.

Gst In Fmcg Sector: The Central Board of Indirect Taxes and Customs (CBIC) is planning to prepare a list of products that end up in litigation due to classification issues. The fitment committee will investigate items with minor changes in composition but different tax slabs, creating confusion in tax liability, particularly in the fast-moving consumer goods (FMCG) sector.

The central evaluation committee has approved the proposal of the Indore district evaluation committee to increase the collectors guideline of property rates in around 50% locations of the district for the next financial year. The new rates will be implemented from April 1, 2024, and have seen an increase ranging from 20% to 100% in approximately 2,450 areas out of a total of around 5,000 in the states commercial capital.

Wedding Dates: As per industry estimates, sales of categories like ethnic wear and wedding wear, gold jewellery and electronic household appliances have declined by 10-20% in FY24 till February as compared to the same period in FY23. However, luxury and premium products bucked the trend of sales decline mirroring the overall trend in consumption, chief executives said.

Scientists from the University of Alberta in Canada have made a significant breakthrough in the fight against COVID-19 by discovering a new class of antiviral drugs. Published in the journal Nature, their research reveals that these drugs target the pathway activated by SARS-CoV-2, the virus responsible for COVID-19, to inhibit the production of interferon and peroxisomes in cells. By stimulating interferon production, these drugs can effectively prevent infected cells from producing more viruse...

Certus Capital, an Indian real estate investment and advisory firm, plans to invest Rs 1,000 crore through secured credit in the Indian real estate sector over the next year.

The state government has approved the plan to extend Metro on the Ramwadi-Wagholi and Vanaz-Chandni Chowk sections in Pune. The proposal will now be sent for further clearances. Read more.

The amendment also exempts buildings with eight dwelling units from requiring completion certificates, making it easier to obtain water supply and electricity connections. Builders are skeptical about implementation.

Vankes Hong Kong-listed shares opened down 1%, though they strengthened to climbed 1.4% as of 0229 GMT, while its Shenzhen-listed shares dropped 0.4%.