Investment
India Infoline Finance Ltd, the non-banking finance company (NBFC) of financial services firm IIFL Holdings Ltd, has closed three back-to-back real estate investments in projects in Mumbai, said people familiar with the development. India Infoline Finance has put in around Rs 260 crore across these three deals primarily in the form of loans to developers, [...] Continue Reading »
Major investment opportunities for IT giants like IBM are opening up due to the plans for smart cities which were rolled out by the Indian Government. Bank accounts for all adult Indians is also another avenue which appears lucrative to the IT giants. Vanitha Narayanan the managing director of IBM India and South Asia stated [...] Continue Reading »
Hinduja Group is willing to invest USD 10 billion in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets with banks, to help bring back economy on high growth path. Gopichand Hinduja, Co-Chairman, Hinduja Group of Companies is keen that the projects, that were part-financed by state banks but [...] Continue Reading »
The finance minister had outlined the tax treatment for real estate investment trusts (REITs) in his Budget speech. Sebi, the markets regulator, had proposed draft regulations, which have now been approved by the government. A REIT is to be set up as a business trust and its units are to be mandatorily listed on the [...] Continue Reading »
Investments to the tune of more than $2 trillion would be required by 2022 to create a stock of over 110 million housing units. This will help the government to achieve the target of “housing for all” by 2022. National Real Estate Development Council (NAREDCO) President Sunil Mantri stated that there is already a huge [...] Continue Reading »
The Union Govt earmarked an amount of Rs 7,060 crore, in the Budget 2014-15, for developing 100 smart cities in the coming years; thereby underscoring that efforts are underway to revive the country’s infrastructure investment. For achieving its plans with regard to infrastructure investment, the Govt will consider existing models like public-private partnership and infrastructure [...] Continue Reading »
Residential property prices in Bangalore have seen a decline over the past year and hence individual home buyers can buy properties at a lesser price compared to the last year. This trend also seen in second-tier cities like Kochi, Bhopal, Patna and Bhubaneswar. National Housing Bank Residex, an index that tracks the prices of the [...] Continue Reading »
The FMCG giant ITC is India’s most admired company, followed by engineering major L&T and Hindustan Unilever Ltd, according to a list compiled by Fortune India with global management consultancy Hay Group. ITC scored the highest on parameters such as corporate governance, endurance, social impact, and product quality and employee empowerment. In this present year, [...] Continue Reading »
After extensive stakeholder consultations alternative investment fund (AIF) regulations were notified in May 2012. The Securities and Exchange Board of India (SEBI) after recognising the need for long-term, cost-effective funding source from the private sector, capital markets or private pool of capital for start-ups, small & medium businesses and infrastructure came out with this. As [...] Continue Reading »
Private equity (PE) firm Milestone Capital Advisors Ltd is all set to buy apartments in bulk in Assotech Realty Pvt. Ltd’s project in Gurgaon. The funding for this purchase will be done with an element of structured debt. This investment is one of the last couple of deals that remains to be done from Milestone Domestic [...] Continue Reading »
