PARESH PAREKH
Suraksha Realty directors buy Rs 100-cr luxury apartments in Mumbai’s Worli
Paresh Parekh and Vijay Parekh, directors of Suraksha Realty, have collectively purchased two luxury sea-facing apartments in Mumbai's Worli area for a total of Rs 100 crore. The apartments, located on the top floors of the under-construction Naman Xena project, cover 6,458 sq ft each on the 26th and 27th floors.
Why Indian entrepreneurs are using the golden visa to move base to Dubai
Lured by the ease of setting up business, complete waiver on personal income tax, and a friendlier policy environment, several of India's tech entrepreneurs have been emigrating to the UAE using the country's golden visa program, at a time when India has emerged as the third largest startup ecosystem in the world after the US and China.
Push on infrastructure, textile to benefit retailers: Experts
The focus on ‘Make in India’ and increased custom duties, are also expected to result in promoting domestic manufacturing, improving employment rate, experts said.
Aditya Puri: A stickler who ensured a lot doesn't happen over coffee
While heading a foreign bank's operations in Malaysia in the early 1990s, Puri got an offer from Deepak Parekh of mortgage major HDFC to come back to India to start a bank in an economy which had shifted gears with a plethora of liberalising manoeuvres.
Aditya Puri successor: HDFC Bank recasts search panel, Keki Mistry replaced by Renu Karnad
Keki Mistry has been replaced by Renu Karnad of the bank's parent HDFC in the search panel.
Ajay Piramal, Rakesh Jhunjhunwala pledge support to charity, pre-adopt sculptures in exchange for donation
The work done at the foundation is not just important, it’s urgent.
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Budget 2019 consumption-oriented: Industry officials
Among the measures announced, the FM said that under the Prime Minister Kisaan Samman Nidhi scheme, farmers holding up to 2 hectare of land will be given Rs 6,000 per annum via direct income support.
Sun promoters pledged firm's shares for Suraksha
Shanghvi's brother-in-law and realty co owner Valia denies drugmaker stood guarantee for fundraising.
New HDFC Bank leadership to face huge challenges: Ashvin Parekh
“Paresh Sukthankar resigning from HDFC Bank came as a big surprise.”
HDFC Bank deputy MD Paresh Sukthankar resigns
Sukhtankar was being seen as taking over from Aditya Puri, who steps down in October 2020.
Walmart-Flipkart deal unlikely to face FDI hurdles
The $16-billion deal will see only $2 billion in fresh inflow into the Indian company. India allows 100% FDI in e-commerce marketplace subject to certain restrictions.
Startups using creative means to draw users to apps
Ahmedabad-based Poletalks, a community interaction platform that allows people to make or share anonymous comments or information, introduced a new feature ‘utility index’ to indicate any nearby amenities that now includes ATMs with or without cash.
Implementation of GST to benefit hospitality, luxury sectors by lowering costs for consumers
A government-appointed panel has proposed 17-18% as GST which is much lower than what the hospitality and luxury sectors currently face.
New SIT proposals on black money to hit luxury sector
The SIT, in its report to the Supreme Court on methods to curb black money, has recommended a ban on cash transactions of above Rs 3 lakh.
Top fashion brands take the online route to India
Several high fashion brands are taking the online only route to enter India, taking advantage of the absence of regulations around selling through third party portals.
With new FDI rules, ecommerce firms may not be able to offer promotional programmes
These incentives go against the intent of the policy aimed at curtailing any direct transaction between the marketplace and the consumer, the govt says.
How Budget 2016 impacts the retail industry
For the sector, while there may not be any 'big bang' reforms, the budget does propose measures to ensure a long term steady growth.
Budget 2016: With FDI relaxations in ARC, insurance, foreign investors continue to get red carpet treatment
The government has proposed to open up new avenues to overseas investors as well as promised a more conducive business environment with simpler rules.
Budget 2016: Expect that the rate of tax on excise and services is not increased
The Make in India project has set the ball rolling with investment commitments amounting to a whooping Rs. 15.2 lakh crore.
DIPP defines manufacturing for FDI; Companies producing here free to sell online
The move is expected to boost Prime Minister Narendra Modi’s ‘Make in India’ initiative, which is aimed at spurring the manufacturing sector.
Revised FDI regulations allow single-brand retail companies with stores to sell online
Any brand entering India will have to apply for a licence to set up stores and once it secures the licence, it can sell products online through the automatic route.
Global handset makers Samsung, Xiaomi, OnePlus, Motorola may soon get to directly connect with buyers
Global handset makers may soon be able to sell directly to customers in India through their own ecommerce platforms by manufacturing their products in the country.
Global handset makers like Samsung, Xiaomi and others may soon be able sell directly to consumers online
Global handset makers Samsung Electronics, Xiaomi, OnePlus, Lenovo-Motorola and others may soon be able to sell directly to customers in India through their own ecommerce platforms.
Relaxed rules may help Apple open its stores
The Centre may consider relaxing compulsory local sourcing conditions for high-end, hi-tech, single-brand retailers. Such a move might help Apple.
Prime Minister Modi-endorsed artwork sells for Rs 1.30 crore at charity auction
An artwork "co-created" by Prime Minister Narendra Modi with artist Satish Gupta has fetched a whopping Rs 1.30 crore at a charity auction.
Yet to consider merger plan, says HDFC chairman Deepak Parekh
The boards of HDFC Bank and parent HDFC met in Mumbai on Monday to consider their financial results, but they did not discuss merger.
Budget 2014: Proposals to bring a sense of favourability to the economy
To conclude, Budget 2014 has not disappointed, with the FM bringing in a whole host of changes; primarily stressing on tax certainty and allotting a large quantum of funds to high impact sectors.
Sun Pharma co-promoter gets top gun for financial services business
Sudhir Valia, who hit the spotlight for a stake-purchase in mobile service operator Uninor, has roped in a top money manager to build a full-fledged finance business.
Paresh Sukthankar succeeding Aditya Puri as HDFC Bank CEO will give shareholders a reason to cheer
The financial world is abuzz with talk of Paresh Sukthankar succeeding Aditya Puri, founder CEO, HDFC Bank, having beenelevated to deputy MD.
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