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.
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
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
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
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
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
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
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.
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.
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
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
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
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
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