Shubhra Tandon

Articles By Shubhra Tandon

281 Articles

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 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

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.

Vodafone Idea, VIL, industry news, loan, Kotak , Vodafone idea share, Vodafone news News

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.

New entrants MG India and Kia Motors could make a debut News

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.

Industry News

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.

Real estate crisis, real estate, Homebuyers, Liases Foras, luxury apartments in Mumbai, ANAROCK Property, Bengauluru, New Delhi News

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.

CDPQ, Essel, road project, Essel Highways, Essel Devanahalli Tollway, national highway project, L&T Infrastructure Development Projects, infrastructure news

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.

home loan, housing loan, home loan repayment, home loan interest rates, fixed News

Budget 2019: Not much for real estate sector besides boost for affordable housing

Budget 2019 proposes reform measures to promote rental housing.

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, News

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

Siddhrath Gupta , CEO, Mercer Mettl News

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.

Airtel, Vodafone Idea, reliance Jio, mass market player, postpaid tariffs News

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.

Industry News

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 vs airtel vs vodafone prepaid recharge data benefits and unlimited calling News

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

Telcos arrest revenue slump for first time since Jio's launch News

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

Proxy advisory firms at odds over JSW Steel employee benefit scheme News

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

Vodafone Idea to do away with all low Arpu subscribers by May end News

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.

banking sector, banking industry, nbfc, axis bank News

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.

Banking & Finance News

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.

Jobs and Education News

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.

Vodafone Idea, new SIM of vodafone idea, Bharti Airtel, Balesh Sharma, vodafone new sim price News