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Warning bells for 380 old buildings in Trichy

TRICHY: A portion of an 82-year-old building adjacent to the Natharshah dargah near Madurai road in Trichy city came down crashing late on Thursday night, but luckily no casualty or injury was reported. However, the incident has exposed the vulnerability of people residing residing next to century-old buildings in old Trichy and neighbouring areas. Corporation…

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Tax sop available even if capital gains not used for new house: ITAT

MUMBAI: The Income-Tax Appellate Tribunal (ITAT)’s Mumbai bench has held that the investment-linked capital gains tax exemption, available on purchase of a new house, cannot be denied to a taxpayer merely for not investing the capital gain proceeds. The I-T officer had denied the tax benefit as the investment made towards purchase of the new…

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Our REIT to attract both global and domestic investors: Vikaash Khdloya, Embassy

Blackstone-backed Embassy Office Parks plans to raise around Rs 4,750 crore via India’s first real estate investment trust (REIT) listing, which opens on March 18. The REIT, which includes Embassy Group properties, will offer units at Rs 299-300 a piece.The Embassy Office Parks REIT is a joint venture between Bangalore-based property developer and private equity…

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DoT mulls Rs 13000 crore bailout package for debt-ridden BSNL – Business Standard

The proposal includes a Rs 6,365 crore voluntary retirement package and 4G spectrum allotment through Rs 6,767 crore equity infusion and monetisation of real estate assets As state-owned Bharat Sanchar Nigam Ltd struggles to stay afloat amid a precarious debt situation, the Department of Telecommunications (DoT)is considering a bailout package worth over Rs 13,000 crore…

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Special MPID Judge seeks interim report of DSK Group’s forensic audit

PUNE: Special MPID judge D G Murumkar on Monday directed investigating officer (IO) ACP Nilesh More to ensure that an interim report of the ongoing forensic audit, relating to financial transactions by the DSK group of companies, was submitted to the court in a month’s time. The group is headed by developer D S Kulkarni…

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