financial services
The Blackstone Group L.P. is an American multinational private equity, investment banking, alternative asset management and financial services corporation based in New York City. Now this company is in separate talks with IDFC Alternatives Ltd and Paranjape Schemes (Construction) Ltd to buy two phases in the BlueRidge special economic zone (SEZ) in Pune’s Hinjewadi area. [...] Continue Reading »
New York-based Morgan Stanley reportedly has plans underway to give up some of the offices space which the company leases in Mumbai, after disposing off its wealth in India and domestic fund management business. According to the information shared by unidentified sources on the condition on anonymity, one entire floor in Tower 2 of One [...] Continue Reading »
The month of April saw major acquisitions and mergers happening across many indian companies, and to say $6.9 billion which came from forty nine deals, and the big boss Sun Pharma, is a very big deal would be justified. In the market of mergers and acquisitions, there were around forty two deals worth $1.8 billion [...] Continue Reading »
Based on suggestions of Parthasarathi Shome panel that was set up to address the grievances of the industry, the government recently said it has clarified on 76 issues related with direct and indirect taxes. An official release said Finance minister P Chidambaram has discussed these issues and has taken final decisions to remove difficulties faced [...] Continue Reading »
A survey by Ficci founds that the industry sees a poor demand over the next 3 months. Tortured by the econonic slowdown and high interest rates is responsible for industry trouble and there was little chance of improvement in upcoming 6 months. The Survey by Ficci found that not only the cost but even the [...] Continue Reading »
The India’s inflexible labour laws are being mentioned as the obstacle for industry but the companies have found solution to this problem by hiring contract workers in the large number. The newly available data provides the idea of enlarging the same practice of hiring contract workers. The data has been gathered from 82 companies that [...] Continue Reading »
Gujarat – Gujarat International Finance Tec-City (GIFT City), an initiative from Gujarat government, is proceeding in full swing as per schedule. It will house India’s first International Financial Services Centre (IFSC). GIFT City is being developed on Public Private Partnership (PPP) model. It is a joint venture between state-owned Gujarat Urban Development Company Ltd (GUDC) [...] Continue Reading »
Chennai- Chennai real estate market has been exhibiting positive signs of growth, especially in the suburban areas, owing to the fast development of sectors including IT, financial services, telecom and other allied services, which are the key economic drivers of the city. A 20-25 percent rise is observed in the number of queries over residential [...] Continue Reading »
According to research firm Liases Foras, the construction of nearly half of the 3,23,000 homes scheduled to be delivered in 2013 are lagging behind. At least a third of these will not be ready even before 2014. A survey by the company has revealed that three of every four homes to be delivered in 2014 [...] Continue Reading »
ASK Property Investment Advisors, the real estate private equity (PE) arm of diversified financial services company ASK Group, has invested Rs 100 crore in a Mumbai-based residential project in Mulund, being developed by Rajesh Builders. Raj Altezza Project will be completed in two phases and will occupy 400 units in total. The cost of the [...] Continue Reading »
