Soon, taking builders to NCLT won't be easy for homebuyers

The government is looking into setting a minimum threshold of allottees for homebuyers to be able to initiate insolvency proceedings against real estate developers according to a senior government official. Under the Insolvency and Bankruptcy Code (IBC), homebuyers are classified as financial creditors, which means that even a single homebuyer may be able to initiate insolvency proceedings against a real estate developer.

CBI, ED teams looking for Chidambaram

From the moment the Delhi High Court rejected the anticipatory bail plea of senior Congress leader and former Finance Minister P. Chidambaram in the INX Media money laundering case, the CBI and ED teams have visited his residence four times in the past 12 hours. However, there's no trace of him.The Delhi High Court passed the order on Tuesday.On Wednesday, a special leave petition was filed in the Supreme Court by his legal team led by advocate and senior Congress leader Kapil Sibal, against the Delhi High Court order.

India sent most takedown requests to social media cos: Research

BENGALURU: Technology companies Google, Facebook, Twitter, Microsoft, and open encyclopedia Wikimedia, have received the most content takedown requests from India, said UK-based technology research firm Comparitech.India is followed by Russia and Turkey in content removal requests, according to Comparitech, which collated data from the transparency reports of top internet companies till date. The governments of India and Russia each accounted for almost 20% of the overall number of removal requests.

View: Volatility set to rise, retail investors must stick to SIP, MF

The government is carrying out certain structural reforms which are medium to long term in nature, plus they have taken the privatisation route which is what we have all been talking about for 20 years now. Finally, we are seeing some light at the end of the tunnel, says Sridhar Sivaram, Investment Director, Enam Holdings. Excerpts from an interview with ETNOW. What do you think about the broader market? The broader markets are looking very interesting.

Telco’s AGR jumps 9% in June qtr, biggest rise since Jio entry

The telecom industry recorded a near 9% sequential jump in adjusted gross revenue (AGR) in the June quarter, which is the sharpest on-quarter growth on this score since Reliance Jio Infocomm’s entry over three years ago, signalling that the worst is perhaps over for the financially stressed sector amid some stability in tariffs, data collated by the telecom regulator showed.The telecom sector’s AGR rose 8.8% sequentially to Rs 39,124 crore in the quarter ended June, FY20.