MUMBAI: Tata Motors Ltd (TML) is gradually exiting its passenger car retail business–Concorde Motors India Ltd–as part of its strategy to pare costs by moving out of non-core assets and businesses to navigate through the economic downturn in the country. Concorde Motors, which has been a 100% subsidiary of Tata Motors since 3 July, 1999, reported a loss of ₹105.69 crore Read More

NEW DELHI: The Human Resource Development Ministry’s proposal to revamp the higher education regulatory regime is back to the drawing board after a detailed review of the draft national education policy by the Prime Minister this week. ET has reliably gathered that each issue of the policy was discussed threadbare at the PM’s review meeting on February 19. Several tough questions, sources Read More

While Indian real estate attracted more than $5 billion in private equity inflows in 2019, firms from US, UAE and Singapore remain bullish on the sector even as Japanese and South Korean investors are evaluating options in 2020. As per data made available by Anarock Capital, US-based Blackstone remains bullish on Indian real estate and pumped in over $1.8 billion Read More

The luxury sports car company looks forward to enhance customer base in the country Luxury sports car maker Porsche is planning to enter pre-owned car business in India in the medium term as it looks to enhance customer base in the country, according to a senior company official. The company, which sells a range of luxury sports cars and sports Read More

The Confederation of Real Estate Developers’ Association of India (CREDAI) has launched an app to facilitate home buyers in buying property through credible developers. The app will help buyers to identify their preferred projects and contact developers directly. The app was launched by Minister of Transport, Housing and Environment, Forest, Law of Chattisgarh, Mohammad Akbar along with Chattisgarh RERA Chief Vivek Dhand. Read More

Hilton has closed about 150 hotels in China in response to the growing coronavirus crisis, taking 33,000 rooms out of commission, Hilton CEO Chris Nassetta said on Tuesday. The hotel industry could end up having to deal with the impact of coronavirus for the next 12 months, Nassetta told investors during a call detailing the McLean, Virginia-based company’s 2019 earnings. Read More

Is your business ready for the worst? Could you start again if you lost it all? Those are difficult questions that many entrepreneurs would rather not face. Sally Binard knows this first-hand. She’s a Florida-based ceramicist and painter. A former marine biologist, Binard started selling handmade ceramics on Etsy in 2014. Her business Zebra Wing Studio took off and by 2015 formed 30 percent of Read More

  New Delhi: The Income Tax Department has detected about Rs 470 crore TDS (tax deducted at source) default by some big Delhi-based corporate houses after surveys were conducted against them recently, officials said. The department’s TDS wing in Delhi has launched a special monitoring of private companies and government organisations in order to ensure that due taxes are deducted under this direct taxes Read More

Deteriorating finances in Mumbai — whose budget is bigger than several of the states — bodes ill for India’s economic revival because local expenditure has a bigger impact than that by Prime Minister Narendra Modi’s administration. Mumbai’s municipal body expects income on its rS 786.7 billion of investments to drop 11% due to lower bank interest rates in the next Read More

The latest RBI credit policy has thrown a lifeline to real estate companies. I don’t think they thought RBI could have this kind of consideration for commercial companies? No, it is commercial real estate and it includes residential. When they say commercial real estate, it means residential, retail, commercial all the three. That is how commercial real estate lending is defined in the banking Read More