Insurability
Property consultant, CBRE stated that the leasing activity for official purposes is being expected to see any rise until next year however the sentiments of people involved in the real estate sector is seeing improvement. However the market representatives hope that by the start of next year the prospect in this market will improve in [...] Continue Reading »
During the course of their meeting in Brazil on Tuesday, the leaders of the BRICS countries – Brazil, Russia, India, China, and South Africa – gave their approval to the formation of the BRICS Bank. It was back in 2011-12 that India – during its chairmanship of the BRICS grouping – had floated the idea of [...] Continue Reading »
According to a recommendation of the Development Commissioners of Special Economic Zones (SEZs), the ‘formal approval’ granted to 43 SEZ developers should be cancelled. The SEZ developers whose approvals may be cancelled include the likes of Reliance Infocom Infrastructure, Emaar MGF Land Ltd., GVK Perambalur SEZ, Essel Infraprojects, Jindal Photo Ltd, Deccan Infrastructure and Land [...] Continue Reading »
Environment and other coastal clearances have been granted to Adani Ports and Special Economic Zone (APSEZ) for its special economic zone (SEZ) to be spread across an 8,481-hectare area in Mundra — a project which had been halted because approvals were pending for the last many years. With environmental and coastal regulator zone (CRZ) clearances [...] Continue Reading »
There is some good news for the IT and ITES industries as it is expected that more jobs will be created in the near future.The National Association of Software and Services Companies (Nasscom)and SmartCity, the IT Special Economic Zone, today signed an MoU (Memorandum of Understanding) for growth and development of the knowledge industry. The [...] Continue Reading »
The surge of online portals to buy various fashion accessories, consumer durable goods, groceries, jewellery etc. saw a positive curve in the last few years. It looks like that the real estate developers have taken a cue from it and now are offering services to buy properties online. Until recently, the real estate portals were [...] 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 »
The government is thinking about making it mandatory for the firms executing government contracts to hire at least 30 % of employees with certified skills. Though about one tenth of India’s workforce has some technical skills, only a little over 2.5 % have any formal technical education. There are about 12 million young entrants in the [...] Continue Reading »
Due to the advent of the Narendra Modi government, there has been a heightened activity and business optimism in the market. This has put the Indian law firms in a growth trajectory and they are benefiting strongly from the surge in mergers and acquisitions (M & A) in the last few months. India’s biggest law firm [...] 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 »
