Shubhra Tandon

Articles By Shubhra Tandon

299 Articles

Bharti Airtel fumes over extension of bid deadline for Reliance Communications assets

While Bharti did not name the bidder, according to reports, Reliance Jio had sought extension of the November 12 deadline to make an offer under the ongoing insolvency proceedings for RCom's assets.

Bharti Airtel, extension deadline, Reliance Communications, industry news

RCom, CoC extends bids submission deadline for company’s spectrum

The committee of creditors (CoC) for Reliance Communications (RCom) on Wednesday extended the deadline for submission of bids for the company's spectrum by 10 days.

Industry News

Changes in regulation required for success fof Rs 25k-crore real estate funding

Sources with knowledge of the developments said that the fund created as an Alternate Investment Fund (AIF) will have a superior charge on both securities and the cash flows in a project in which it invests.

Industry News

Policies to boost rental housing could attract capital in residential real estate

While the commercial sector in India enjoys annual rental yields in the range of 6-8%, yields in the residential sector are far more anaemic in a 2-3% range. Rental yield is defined as annual rent as a ratio of the property p

Support for rental housing also assumes significance at a time when large stocks of residential units remains unsold. (Representative image) News

Southern States defying economic slowdown, here’s why

As per Nielsen's India FMCG Growth Snapshot for the quarter ended September 2019, the north India market has seen maximum impact of consumption slowdown, where volume growth remained almost flat at 1% versus strongest growth

FMCG majors have seen parts of Madhya Pradesh and Chhattisgarh hit by slowdown, along with the states of Punjab, Haryana and some hill states. News

Realty check: Home sales to stay quiet this Diwali

By one estimate, the unsold inventory across India is still upwards of 10 lakh units valued at a staggering Rs 6 lakh crore. Most developers are financially strapped and, therefore, struggling to either complete projects or c

Realty, Home sale, Diwali, NBFC, NBFC crisis, DHFL, PMC Bank, India, PropEquity, Navratri , Royal Enfield, industry news

Crisis-ridden Altico proposes to clear all dues in 4-5 years

The company, backed by global private equity investors – Clearwater Capital Partners, Varde Partners and Abu Dhabi Investment Council – has an underlying collateral value of around Rs 11,000 crore, against the total loans

Altico Capital, Altico Capital India, Crisis ridden, Altico, Altico due, Industry news, NBFC, Clearwater Capital Partners, Varde Partners and Abu Dhabi Investment Council News

Reliance Jio eyes 500 million subscribers by mid-2020

Reliance Jio aims to reach its targeted 500 million subscriber mark in less than 12 months against its earlier target of financial year 2022.

Reliance Jio accounts for 65% of 4G subscriber base, with JioPhone accounting for 12% of this base. News

Piramal turns to securitisation of real estate loans to raise cash

Two subsidiaries— Piramal Capital and Housing Finance, and PHL Fininvest— are looking to raise over Rs 2,372 crore

Piramal Enterprises, PCHFL, PHL Fininvest, retail loans, SPV, PTC interest, Crisil News

Altico capital: New York-based Apollo Global makes preliminary offer of $150 million

New York-based private equity firm Apollo Global Management is understood to have made a preliminary offer to pump in $150 million as equity capital into Altico Capital India, the crisis-ridden wholesale non-banking finance c

Altico capital, Apollo Global, NCLT, Bombay High Court, IL&FS, BSR, Companies Act News

Minimum alternative tax exemption: Investing in stressed companies is attractive

One of the provisions inserted in the recent tax amendments gives an option to domestic companies to pay tax at a rate of 22% (effective rate is 25.17% inclusive of surcharge and cess) subject to the condition that it does no

minimum alternative tax,  corporate tax structure, MAT regime, BDO India, tax exemptions, CIRP News

Mumbai realty developer dragged to NCLT by creditor

The Mumbai Bench of the NCLT has admitted the case under Section 7 of IBC against Lokhandwala – the builder of marquee luxury properties like Minerva in the south Mumbai neighbourhood of Worli, among others.

The case was admitted on September 19, 2019. News

Changing tack: Tata Power set to become a services player

Like some of its global peers such as US-based Duke Energy or Italian multinational Enel, power producer and distributor Tata Power is looking to morph from a pure-play utility into a customer-focused business.

It is in line with the change and the disruption taking place globally as countries move from generation plants and transmission systems to distributed and decentralised generation — Praveer Sinha CEO & MD, Tata Power News

Share buybacks could be back on table after FM Sitharaman’s announcement on exemptions

With the changes in buyback regulations by Sebi and the exemption on buyback tax now, some of these issuances are expected to hit the market soon.

Share buyback, Share market, stock market, market news, corporate tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019, corporation tax rate,  News

Earnings to consumer firms set to rise 5-12 per cent

According to Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, with the new effective rate of 25.17% tax saving for a sample of 3,446 listed companies could be at least Rs 44,000 crore, which is a substan

consumer firms Earning, corporation tax rate, corporation tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019 News

NHAI invites bids for 15 BOT road projects after 8 years

Package 1 of Tambaram-Chengalpattu-Tindivanam in Tamil Nadu is expected to have a project cost of Rs 3,309 crore which will be 24.5 km six-lane highway in Tamil Nadu.

Infrastructure News

Altico lenders ask private equity funds to infuse capital

Emails sent to ADIC remained unanswered till the time of going to press, while Varde declined to comment. Altico is understood to have appointed Alvarez & Marsal as process advisor a few days ago.

Altico, Altico lender, private equity fund, equity fund, infuse capital, NBFC, industry news, NBFC, ADIC, UTI Mutual Fund News

Lenders object to Altico CEO Sanjay Grewal’s resignation

The consortium of lenders to Altico had met on Monday to discuss the ongoing crisis in the NBFC. While there have been reports of appointment of a process adviser, bankers have told the company that such appointments cannot b

Altico, CEO, Sanjay Grewal, resignation, NBFC, ICA, Abu Dhabi Investment Council, industry news

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.

Niranjan Hiranandani, MD, Hiranandani Group, NAREDCO, National Real Estate Development Council, industry news, real estate sector, real estate, liquidity crunch, NBFC, IL FS News

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.

housing units, balance projects, middle-income housing, non-NPA, NCLT, NIIF News

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.

JSW Steel, JSW Steel capex plan, steel prices, Bhushan Power and Steel, steelmaker News

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

Realty industry, Sitharaman, Real estate sector, NCLT, non-NPA, middle-income housing, realty sector, real estate sector, troubles for realtors News

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.

Aditya Birla fund, Aditya Birla fund amc, Aditya Birla real estate fund, Aditya Birla Fashion, Finesse International, Aditya Birla, industry news, Aditya Birla group News

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.

Hinduja Ventures, rural market, equity shares of HVL, IMCL, Hinduja Housing Finance, Gulf Oil,  New Tariff Order News

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

Jobs and Education News

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

Infrastructure News

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.

Industry News
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