GST rebates, stamp duty cut needed for realty sector, says Niranjan Hiranandani
Unemployment in the real estate sector happens over a period of time, unlike automobile where stress will be visible on a quarter-on-quarter basis. Buildings take longer to complete.
Modi govt’s housing booster dose to impact only 91,000 housing units
Of these 1.6 lakh units, around 91,000 units have been sold to buyers who are waiting to get the possession of their houses, according to analysis of ratings and research firm PropEquity.
JSW Steel to go ahead with Rs 50,000 crore capex plan
“There are not many players expanding capacity. So, if you can create capacity by the time the industry looks up, maybe after 2-3 quarters, we are fine,” Rao said.
Realty industry welcomes Sitharaman’s announcements but wants more
Real estate industry officials said the last-mile funding for housing projects in affordable and middle-income housing through a fund targeted towards projects which are 60% complete and are non-NPA and not in NCLT will have
Aditya Birla Real Estate Fund: AMC to provide investors an exit option
The real estate fund has returned a total amount of `601 crore, which is approximately 57% of the initial investment to its investors.
Hinduja Ventures consolidation to help expand digital offerings in rural market
Speaking to FE, Vynsley Fernandes, CEO, IMCL, said the new structure in place should be able to improve margins by 400 basis points through unlocking the cost and capex synergies.
Talent crunch: 2.5 lakh high-end tech jobs up for grabs, but skilled candidates short in supply
According to a 2018 World Economic Forum (WEF) report titled ‘The Future of Jobs 2018’, the fourth industrial revolution will make 75 million jobs obsolete by the year 2022 but will also create 133 million new jobs — a
Road developers now keen to bid for viable BOT projects
Another road developer said that while NHAI should continue to offer projects on hybrid annuity model (HAM) and EPC, BOT should make a come back in stretches where there is potential for high traffic growth in busy commercial
Future Group to vie with Mukesh Ambani’s Reliance, Walmart for India’s grocery retail pie
Under a successful hybrid model, India’s online grocery penetration may move to about 6% as is the case in China and South Korea, which is a $30-billion opportunity, analysts said.
Vodafone Idea rejigs loans as finances weaken
Analysts believe the company’s strategy is not up to the mark. Kotak Institutional Equities said in a July 29 report, “We are particularly disappointed with the pace of capex deployment by VIL.
Maruti, Hyundai, Mercedes, Tata Motors will make it to Auto Expo
Among those who confirmed they will stay away include Lamborghini, Porsche, BMW and Bajaj Auto. Audi, Eicher Volvo and Ashok Leyland are yet to make up their minds but there is enough time to sign up.
Ground realty: Investors in property funds need to wait
Unable to exit from investments, a clutch of real estate funds has been informing investors the tenure of the schemes would be extended by a year.
Real estate crisis: Homebuyers stay away, builders left with big inventory
Experts at Liases Foras put the average cost of an apartment at Rs 60 lakh, but in cities such as Mumbai, Delhi or even Bengaluru, it is well above this.
CDPQ set to acquire 3 of Essel’s road projects for Rs 3,500 crore
Upon completion, the deal is expected to bring down Essel Infraprojects' debt to nearly Rs 8,000 crore from Rs 11,466 crore. The deal is part of overall plans of the Subhash Chandra-led Essel group to reduce its debt.
Home loan tax sops may not boost demand in metros
Market experts peg the difference between market value and circle rate at 5-7% in most instances.
Budget 2019: Not much for real estate sector besides boost for affordable housing
Budget 2019 proposes reform measures to promote rental housing.
Traditional job roles are getting redesigned: Siddhrath Gupta , CEO, Mercer Mettl
It would be unfair to say that suddenly something so bad has happened for the unemployment to go up by 4x. In my official capacity, I have not seen that form of distress either in the organised or unorganised space, says Sidd
Airtel, Vodafone Idea focus on high revenue customers
In November, both Bharti and VIL adopted a minimum recharge scheme through which they fixed a ceiling of Rs 35 as the minimum recharge plan and discontinued all recharges below that.
Tata Steel net debt rises over three times in FY19
Tata Steel’s standalone net debt for the full year ended March 2019 more than trebled to Rs 28,471 crore, from Rs 8,769 crore a year ago, because of a decrease in current investments along with cash and bank balances.
Reliance Jio, Airtel, Vodafone Idea report similar revenue market share
Reliance Jio reported mobile RMS, including access services and national long-distance revenues, of near 31%, Vodafone Idea (VIL) stood at about 31% and Bharti Airtel was a tad above 29%. The remaining is shared among the sma
Jio impact waning? Airtel, Vodafone Idea arrest revenue slump
While Bharti Airtel witnessed an increase of 4.35% quarter-on-quarter in the company’s India mobile services revenue to Rs 10,632.3 crore for the three months of January-March 2019, Vodafone Idea saw its revenues remain fla
Proxy advisory firms at odds over JSW Steel employee benefit scheme
Under the Samruddhi Plan 2019, permanent employees in the grade L01 to L15 can buy equity shares of the company from open market by availing a loan provided by a ‘lending agency’. The interest thereon will be borne by JSW
Vodafone Idea to do away with all low Arpu subscribers by May end
According to the company’s management, the telco rolled out the minimum recharge plan for most of the country in December, however, certain set of customers in some markets may not have come into the new tariff fold because
Digital push: Banks woo IT talent with fat paychecks
Small NBFCs may hire a CTO at Rs 60-80 lakh plus variable pay and also ESOPs; larger firms offering Rs 1.5-2 crore.
Job market: Hiring in finance sector slowing down? Here’s what numbers say
But the addition to the headcount in 2019 could be less than 10%, says Randstad India MD and CEO Paul Dupuis, who points out the sector now faces several challenges.
Age of automation! Fewer jobs on the shop floor, new age companies a big draw
HR consultants say that in the absence of benchmarks that assess skills and compensate employees accordingly, jobs in the manufacturing sector are not as remunerative as those in the services space.
Vodafone Idea to increase cost of acquiring new SIM
The increased cost will now be made uniform across all the 22 circles, the company management told analysts a day after it posted a wider net loss at Rs 5,005 crore during the October-December quarter.
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