Cheaper Credit On the Way as surplus liquidity in new fiscal on increased govt spending and corporates’ refusal to take costly loans may finally force lenders’ to reduce interest rates says the Economic Times.
A two-year wait for cheaper credit may end in the next few weeks as banks across the board are poised to lower lending rates as their hands are being forced by surplus liquidity and low credit demand.
The Realty arm ties up with Delhi builder to develop smart homes in Surajkund area of Faridabad according to the Economic Times.
The over 50 acre project will allocate 5.2 million sq ft space for building smart homes with the help of the group’s expertise in technology and telecommunications
India’s corporate bond market has set a new record in 2014-15, attracting nearly 32% more investments than it did in the previous year, as bank loans proved costly for companies while bond yields softened with availability of easy liquidity.
Essar is hoping that investors will agree to refinance a loan exposure of Rs. 12000 crore and is looking to borrow additional capital as it gets weighed down by borrowings of Rs. 38,000 crore and falling prices in steel, says the Financial Express.
The Financial Express reports that the first 3 months of 2015 saw the biggest purchase of Indian bonds by foreign institutional investors ever in the country.
Data from the depositories show that FIIs hold around $39 billion of corporate bonds now, up from around $32 billion in January.
The Chief Minister of Karnataka has assured that the state government will not relax Value added tax (VAT) for any e-commerce firm operating in the state, the Business Standard has reported.
We are not under pressure to leave any e-commerce company, including Amazon India, from the payment of tax. All of those companies have shown a favourable response to our tax notices and are paying taxes.
Ajay Piramal-led Piramal Fund Management, earlier called Indiareit Fund Advisors, has entered into an agreement to invest Rs 1,200 crore in realty developer Omkar Realtors & Developers’ super luxury residential project Omkar 1973 at Worli in Mumbai. One of the largest single real estate project financing transactions in India,
Gujarat headquartered leading textiles firm Arvind Ltd on Monday said its subsidiary Arvind Lifestyle Brands Ltd will pay $3.2 million to Ralph Lauren Corporation USA to settle a lawsuit filed by it in a US court in 2013.
Real estate portal Housing.com is in talks to acquire two more startups as it looks to increase its technology and data analytic capability, according to the Economic Times
The Mumbai-based company is negotiating terms with Realty Business Intelligence, an information portal focused on the realty industry and Nestaway Technologies, an online marketplace for shared accommodation for singles
Japanese auto major Honda on Monday announced top management changes in its Indian cars business, with Katsushi Inoue slated to be president & CEO from April as the incumbent Hironori Kanayama is due to retire and return to Japan, according to DNA Mumbai.
Tiger had invested about Rs 110 crore in Just Dial in two tranches in 2007 and 2009, and made a partial exit during the firm’s initial public offering in 2013.