Gurgaon based resale real estate consulting company, Property Station which helps buyers and sellers execute resale deals for – under construction, land purchase and ready to move in properties, has recently raised an angel funding of Rs 60 lakh. This investment was led by Care2Earn Services Pvt Ltd. which is a boutique financial services company. As part of the deal, Vishal Gupta from Care2Earn, is joining the company’s board of directors.

The Department of Telecom (DoT) has issued a letter to Internet Service Providers (ISPs) asking them to block the URLs of four websites including Uber, Olacabs, TaxiForSure and angelbroking.com without citing any reason for the move.

DoT ordered blocking the websites under the powers conferred to it by Section 69A of Information Technology Act, 2000 and Information Technology (Procedures and Safeguards for Blocking of Access of Information by Public) Rules, 2009. The notice further says that in case the ISPs fail to block the sites, the government will initiate action against them under Section 12 of the IT Act, as reported by ET.

New Delhi: As part of the National Democratic Alliance government’s green energy push, state-owned NTPC Ltd will call for bids from solar project developers for buying 15,000 megawatts (MW) on behalf of the ministry of new and renewable energy (MNRE).

This is in addition to NTPC’s plans to set up 10,000 MW of solar power capacity on its own.

In a volatile trade, the benchmark BSE Sensex today recovered part of its overnight losses and was trading higher by 32 points at 27,238.01 in late morning deals following a slowdown in selling by foreign funds amid short-covering.

The BSE 30-share barometer resumed better and immediately touched a high of 27,379.57, up 173.48 points, or 0.64 per cent.

India and China today signed a record 24 agreements in key sectors, including in railways and education, on day two of Prime Minister Narendra Modi’s first visit to the communist neighbour.

Protocol for setting up Consulates-General at Chengdu and Chennai besides an MoU on consultative mechanism for cooperation in trade negotiations were among the 24 agreements signed in the presence of Modi and his Chinese counterpart Li Keqiang here.

State Bank of India (SBI), the country’s largest lender, will resume next month the mega e-auctions for properties, acquired from borrowers following defaults.

Gaining from its experience with a similar auction in March 2015, the bank will hold separate auctions for retail (predominantly residential units) and commercial properties.

ICICI Bank, the country’s largest private sector lender, has after a rise in bad loans during 2014-15 decided to change its lending and underwriting norms, to contain the rise in its non-performing assets (NPAs) and the restructuring book.

Under the new norms, it will be more careful in lending to the construction sector. “In this space, where there are lots of receivables, things have got delayed, which in turn has put pressure on those companies, leading to devolvement of guarantees. That is one sector, where one has to be a bit careful,” said N S Kannan, executive director, in an analyst conference call.

A stringent psychological test for pilots in the wake of the Germanwings disaster has led Air India to reject nearly a third of the prospective candidates.

The airline might find it difficult to fill posts for senior trainee pilots for Airbus A320 aircraft.

The All India Anna Dravida Munnetra Kazhagam (AIADMK) headed by J Jayalalithaa has asked all party MLAs to be present in Chennai on May 22 to elect the leader of the State Assembly.

Meanwhile the suspense continues on when and whether Jayalalithaa can return as the Chief Minister, considering the oppositions in the State have said the Order passed by the Karnatka High Court , acquitting her from a disproportionate asset case, having arithmetic errors.

DLF, country's largest real estate firm, has once again come under the scanner of Competition Commission of India (CCI). The competition watchdog has found the realty firm guilty of "unfair and abusive" business practices in one of a housing projects in Gurgaon.

CCI in its order has asked DLF Gurgaon Home Developers Private Ltd and its group companies to "cease and desist" from such unfair trade practices. It, however, did not impose any fresh penalty. A fine of Rs 630 crore has already been slapped on DLF for a similar violation in a separate case.

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