finance
The Tata Group has put in place a centralized platform to collaborate and tap synergies across its 100-plus group companies to boost growth and save on costs. Tata Sons, the apex investment holding company of the tea-to-telecom conglomerate, has set up “clusters” and “enablers” to leverage on group companies’ resources, strength and expertise to maximize [...] Continue Reading »
Solapur Tollways’ 100-km road project, which includes four planning of Solapur Maharashtra/Karnataka border section of national highway nine in Maharashtra, for which the concession agreement (CA) with the National Highways Authority of India (NHAI) was signed a couple of years back, has now finally got off the ground. The road is being designed, built, financed [...] Continue Reading »
An annual study carried out by consulting firm Brand Finance India has revealed that the Tata Group has retained its top-ranking position as India’s most valuable brand, with a total brand value of $21 billion. Revealing that the total worth of top-100 Indian brands has now touched $92.6 billion, the study has disclosed that the [...] Continue Reading »
The present government in their first budget may not have had made a big splash as that had been expected but the administration plans that move at the fast speed is ensuring that its proposals are actually being implemented over the next few weeks and that the prime minister is able to celebrate this in [...] Continue Reading »
West Bengal aims to increase its share of revenues from IT, ITeS and Electronic Systems Design and Manufacturing (ESDM) segment. During the CPIM regime due to frequent strikes, old industries had closed down and the new industries did not open fearing losses and closure. Trinamool Congress led government is trying to change the face of [...] Continue Reading »
The Securities and Exchange Board of India (Sebi) on Thursday released draft guidelines for infrastructure investment trusts (InvITs). This is expected to enable financing and investment opportunities in long-term infrastructure projects. The finance minister Arun Jaitley made some draft guidelines during the Budget speech last week. SEBI is supposed to follow those draft guidelines. InvITs are [...] Continue Reading »
$ 80 million (about Rs 468 crore) was invested by a private equity (PE) fund owned by Tata Capital, in South India-focussed realty firm, Shriram Properties. Tata Opportunities Fund Managing Partner Padmanabh Sinha stated that the company believes that the residential real estate market, particularly mid-market housing, should see high growth. Due to increasing urbanisation, changing demographics [...] Continue Reading »
The ministry of Commerce stated that introducing a package including roll back of the minimum alternate tax can be announce to help the Special economic zone to revive. Commerce secretary, Rajeev Kher was heard saying that the revival in Special economic zones is important as they would help in the revival of export of capacities. [...] Continue Reading »
Consumers looking at taking the benefit of the government’s emphasis on the real estate sector, especially the housing sector, need to be aware of the tax implications. These tax implications are related to the sale-purchase of properties particularly when the sale-purchase agreements and their executions are spread over several days/months or even years. The citizens [...] Continue Reading »
Blackstone the premier global investment and advisory firm and its local partner Embassy Group are likely to set up India’s first real estate investment trust (REIT). They will list it in on domestic exchanges next year. Chief Executive for Commercial Real Estate Division Michael Holland of Embassy Property Developments mentioned that his team has already [...] Continue Reading »
