Discounts up to 15% expected this festive season; analysts expect October-December period to garner sales of at least 60K units across seven major cities.
On the flipside, since 60-70 per cent of the costs pertain to raw material, which are mostly imported, currency fluctuation is a key risk for the segment.
The cancelled flights account for almost 10 per cent of the airline's operations
Housing demand has breached pre-COVID levels with 92 per cent year-on-year growth in sales during July-September period units across eight major cities, mainly on the back of stable prices, very low mortgage rates, property consultant Knight Frank India said on Monday. Releasing its India Real Estate Update for Q3 (July-September quarter) of the 2021 calendar year, the consultant reported that housing sales increased to 64,010 units from 33,404 units in the same period last year. In the previous April-June quarter, 27,453 residential units were sold. "The total residential sales of the top eight markets under review during Q3 2021, reached 104 per cent of 2019 quarterly average," the consultant said, adding that sales have breached pre-COVID levels.
The Supreme Court on Monday said that it will constitute a fresh bench to hear the plea of home buyers seeking delivery of their homes booked with the Amprapali group. A bench comprising Chief Justice D Y Chandrachud and Justice J B Pardiwala was urged by a counsel for home buyers to set up a fresh bench as the matters pertaining to the Amrapali group were being heard by a bench headed by the then CJI U U Lalit, who demitted office on November 8. "I will constitute a bench," the CJI said. The plea was mentioned by lawyer M L Lahoty, appearing for home buyers.
10 malls expected to go off business this year
The men belong to the 31st battalion of the paramilitary, based in Mayur Vihar Phase-III area of the national capital, that has been entirely sealed after the huge numbers of the COVID-19 infection started building up over the last few days.
The rates of peas, which were ruling at Rs 139 per kg last week, have come down to Rs 79 per kg.
Passenger and commercial vehicle prices are expected to rise as automobile companies invest in upgrading vehicles to meet stricter emission norms that kick in from April next year. The Indian automobile industry is currently working to make their products meet the second phase of Bharat Stage VI, equivalent to Euro-VI emission norms, in real time driving conditions. Four-wheeler passenger and commercial vehicles will need more sophisticated equipment to be added to meet the next level of emission standards.
In a major surgery, doctors at Fortis Escorts Heart Institute transplanted the heart of a 30-year-old IT professional, who was declared brain dead, on a 16-year-old boy, giving him a new lease of life.
The cab owners began their protest a day after the Supreme Court ban on diesel taxis in New Delhi came into effect. The cab drivers blocked traffic on NH-8 at the Rajokri border between Delhi and Gurgaon.
Double decker flyovers, developing the National Capital Region as a Common Economic Zone and a unified command for governance of Delhi are some of the promises made by ruling Congress on Wednesday in its assembly election manifesto.
The seizure, as per officials, is estimated to be worth over Rs 10 crore in the international market (about Rs 5K-7K per blot) and all the six who have been taken into custody, beginning late last month, are students and youngsters who wanted to make 'easy money' by remaining anonymous within the deep layers of secret internet-based apps and messenger service like WICKR.
According to J L Gautam, Operations Head of National Centre for Seismology, "The earthquake measuring 6.8 on the Richter scale at a depth of 190 km hit Hindukush mountain region at 3:58 pm."
Non-IT sectors like industrial products, construction dominated the hiring trends.
The Supreme Court has dismissed the bail plea of jailed former CMD of Amrapali Group of Companies Anil Kumar Sharma, saying he doesn't deserve "sympathy" after having siphoned off the hard-earned money and life savings of thousands of homebuyers. "You have cheated thousands of homebuyers. You siphoned off their hard-earned money and their life savings. You do not deserve any sympathy," a bench comprising Justices Ajay Rastogi and Bela M Trivedi said, and refused to issue notice to the prosecuting agency on the bail plea of Sharma who has been in jail for over four years in the case. "Yours is not a case of simple cheating. See the plight of thousands of home buyers. You cannot have our sympathy. You better enjoy being in jail... This court is very aware of what you did.
Director general, Railway Protection Force (RPF), Arun Kumar has asked general managers of zonal railways to keep vigil to contain the impact of the nationwide strike called by farmer groups against the three agri laws.
City-wise data showed that there has been improvement in online recruitment activity. Kolkata (up 51 per cent) recorded the most notable annual growth rate among all monitored cities, followed by Baroda (up 46 per cent).
City-wise, Delhi NCR was the only metro to report a rise in hiring activity in April.
New job generation in Mumbai declined by 28 per cent in the April-June quarter this year to over 13,100, while Chennai saw a decline of over 21 per cent to just over 8,000 new jobs in the quarter, the study said.
"This is expected to be the busiest festive season for e-commerce companies as Indian consumers are likely to spend up to Rs 25,000 crore as against over Rs 20,000 crore spent in the festive season last year," Assocham Secretary General D S Rawat said.
Merc says it has completed offering petrol option along with diesel variants for all the models that it sells in India
"We have to make government responsible for this," the bench said and asked, "Why can't govt machinery stop stubble burning?"
With its foray into self-drive, Ola will go head-to-head with early entrants Zoomcar, Revv and a few other.
The green body's report said three of the world's largest nitrogen oxide air pollution emission hotspots that contribute to formation of PM2.5 and ozone are in India with one in the Delhi-NCR.
From 690,800 sq ft in 2013, the absorption by e-commerce companies in Chennai dropped to 31,150 sq ft last year.
Protests were held outside the Uttar Pradesh Bhawan, Rajghat, India Gate, Jamia Millia Islamia (JMI), Assam Bhawan and Delhi University where people voiced their opposition to the controversial changes introduced in the law.
An airport in Noida could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity.
The apex court also restrained e-commerce websites like Flipkart and Amazon from selling firecrackers which are beyond the permissible limit.
The towers -- both taller than Delhi's iconic Qutub Minar -- will be brought down in less than 15 seconds by waterfall implosion technique. They will be the tallest structures yet in India to be demolished, officials said.
In a trend that has taken off in a significant way, more and more developers are launching independent floors with lawns and basement/roof terraces in gated communities, to attract buyers, who otherwise opt for builder floors prevalent in the unorganised real estate sector.
