On the back of this weakness, RIL is estimated to report a sequential decline of about 8% in its net profit to Rs 10,700 crore for the three months of January-March, according to analysts at Bank of America Global Research.
According to developers, a lot of cargo traffic is getting held up at ports due to government advisory on keeping all the vessels coming from any country in outer anchorage for 14 days, and only after inspection are they bein
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.