After a cut in GST rates for real estate, the repo rate cut of 25 basis points is a big boost to the sector, experts said. “The real estate sector has been looking forward to such stimuli to boost sales velocity,” Shishir Baijal, Chairman & Managing Director, Knight Frank India told Moneycontrol. The Reserve Bank of India has also formed Read More

The GST rate cuts are proposed to be accompanied by denial of input tax credit to builders. A group of ministers (GoM), led by Gujarat Deputy CM Nitinbhai Patel, has recently recommended 5% GST (goods and services tax) for under construction properties and 3% GST for affordable housing, which has been welcomed by both industry experts as well as property Read More

AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday. The layoffs will affect a “small” portion of the workforce and are consistent with staffing changes AT&T has done in the past, spokesman Jim Greer told Reuters by telephone. He declined to specify how many Read More

Greening sidewalks, parks and vacant or dilapidated spaces could be an important and inexpensive tool to help address the rising cases of depression, anxiety and stress in urban communities, suggests a study. “Dilapidated and vacant spaces are factors that put residents at an increased risk of depression and stress and may explain why socioeconomic disparities in mental illness persist,” said Read More

Cutting down on the intake of salt can go a long way in preventing kidney diseases at a young age, say health experts. Kidney failure is among the top five major causes of death in the country. There has been an increase in the number of patients in the age group of 25 to 30 seeking dialysis, which was not Read More

Besides helping build strong bones and muscles, Vitamin D may also protect heart tissue and prevent heart failure after a heart attack, finds a study conducted on mice. Heart failure is a life-threatening condition affecting an estimated 23 million people worldwide. A previous study had shown that people who have suffered from cardiovascular disease, and have a normal intake of vitamin Read More

Anil Ambani, chairman of Reliance Communications addressing a press conference in Mumbai. (PTI Photo) MUMBAI: Reliance Communications (RCom) chairman Anil Ambani on Tuesday said the company will resolve its outstanding debt issue with lenders by selling its spectrum, cell towers, optical fiber network and real estate properties. This will result in RCom exiting the wireless telecom business and paring its debt to Rs 6,000 crore from Rs 45,000 Read More

House Republicans appear to have largely given into their Senate colleagues on a tax cut bill, news reports suggest. (Photo by Aaron P. Bernstein/Bloomberg) You might have thought that when it comes to the competing tax cut bills that have been duking it out behind closed doors at the Capitol, advocates for small business would feel like they’re living in Read More

Karsten Kallevig, Per Loken and Romain Veber Photographer: Kyrre Lien/Bloomberg There may be worrying developments in some property markets, but the world’s biggest sovereign wealth fund says it has no intention of pulling back from real estate. A gap is opening between what stock-pickers think real estate is worth and what assets could be worth in the physical market, a Read More

There may be worrying developments in some property markets, but the world’s biggest sovereign wealth fund says it has no intention of pulling back from real estate. A gap is opening between what stock-pickers think real estate is worth and what assets could be worth in the physical market, a potential sign that a correction could be looming. For example, Read More