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Real estate transactions between Kochhars, Dhoots points to quid pro quo arrangement: Report – Times Now

File Phono&nbsp New Delhi: Justice BN Srikrishna panel appointed by ICICI Bank to probe allegations against its former CEO Chanda Kochhar, has said that the relationship between Kochhars and Dhoots go back to ’90s and began before Chanda Kochhar became CEO of the private sector lender, the Economic Times reported. The Srikrishna panel report said…

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Realty deal at heart of ICICI probe against Chanda Kochhar – Economic Times

Real estate transactions between the Kochhars and the Dhoots of Videocon Group pointed to the quid pro quo arrangement between them, said people with knowledge of the matter. These were a key element in the report that found former ICICI Bank chief executive Chanda Kochhar had violated the lender’s code of conduct by not disclosing…

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Modi govt sounds the poll bugle with Interim Budget; what should investors do now? – Moneycontrol.com

The Interim Budget 2019 had something for everyone — focus on rural spending, bonanza for middle-class, incentives for real estate & MSME segments, and was fiscally balanced with fiscal deficit target at 3.4% for FY19.The Central government bias appeared to be clearly tilted towards populism ahead of the general elections due in April-May 2019 post the weak performance…

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Anil Ambani’s Reliance Communications to opt for insolvency – The Indian Express

It alleged that RCom has sold its assets and money received was not used to clear the dues and was “illegally pocketed”. (Express photo by Prashant Nadkar) The Anil Ambani-led Reliance Communications has decided to opt for insolvency proceedings, according to a communique released by the company. “RCom board of directors decides upon implementation of debt…

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Interim Budget 2019 | Here’s a wish list from the real estate sector – Moneycontrol.com

Three days ahead of the Interim Budget 2019, real estate developers are hoping that the government would rationalise the Goods and Services Tax slab for properties that are under construction and bring the stamp duty within the purview of the GST.Home buyers wish that the government would take steps for the creation of a stressed…

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I-T dept raids Saravana Stores, two realty firms in Tamil Nadu

The Income Tax (I-T) department on Tuesday conducted searches on premises belonging to a real estate firms G-Square and Lotus Group, and retail firm Saravana Stores, both based in Tamil Nadu. The searches are underway at over 70 locations in Chennai and Coimbatore. Residences of Yogarathinam Pondurai, proprietor of Saravana Stores, also came under scanner.…

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