DLF plans to sell apartments on Snapdeal
DLF, India’s largest real estate developer, is likely to start selling its apartments online later this month following an arrangement with e-tailer Snapdeal. The developer will sell mostly studio apartments and mid-segment apartments in the Rs 35-65 lakh range. DLF will run a month-long scheme on Snapdeal and plans to offer discounts on apartment purchases in cities including Lucknow, Bengaluru, Chandigarh, Kolkata, Chennai and Kochi. Read more: http://bit.ly/1GwhzhY
Spectrum auction: Top telcos like Airtel, Vodafone and RCOM step up demand for 2G, ignore 3G
Four days into what’s shaping up to be India’s largest spectrum auction, the order of battle is clear. Top telcos are determined to hold on to 2G spectrum that’s back on sale at the end of license terms, likely ignoring 3G despite operators having raised a clamour for it before the auction began. Read more: http://bit.ly/1KIk7wC
Garbled signals: For Digital India to succeed the government needs to get spectrum policy right
A Times of India Editorial explains how India’s telecom infrastructure is critical to its prosperity and argues that the Government needs to get its policies right, which means telecom companies must have access to plentiful and affordable spectrum. Read more: http://bit.ly/1whHhmI
Reliance Jio racing to launch its 4G services before government-mandated timeline
Mukesh Ambani-owned Reliance Jio Infocomm is racing to launch its 4G services before a government-mandated timeline, after recent trials of parts of the network threw up technical problems around connecting one point with another. Read more: http://bit.ly/1FxgL8U
FIIs willing to invest in long-term corporate bonds
Foreign institutional investors investing in top-rated Indian corporate bonds is nothing unusual, but what’s heartening is that now they are willing to go the distance with long-term bets. This is largely due to RBI measures in recent times — a cap on short-term investment and surprise rate cuts. Read more: http://bit.ly/1MlAmgn
Over Rs 1,000 crore a day: Foreign inflows cross $11-billion mark in 2 months
With an average of over Rs 1,000 crore a day, the net foreign fund inflows into Indian capital markets have crossed $11 billion (over Rs 68,000 crore) in little over two months so far in 2015. The analysts expect the inflows to further accelerate going ahead, following assurances in the Union Budget to revisit controversial issues like GAAR (General Anti Avoidance Rule). Read more: http://bit.ly/1Hjtptj
Automotive industry: Gujarat’s Sanand India’s Detroit in the making
Explaining how Gujarat’s Sanand is India’s Detroit in the making, Ketan Thakkar writes that Sanand’s profile changed from a quiet neighbourhood of Gujarat’s capital Gandhinagar, with a few factories that made products such as drugs and FMCG, to India’s next automobile hub. Read more: http://bit.ly/18tnplk
Column: Budget 2015, Good, bad and ugly
Former Finance Minister P Chidambaram rates specific pointers in Finance Minister Arun Jaitley’s budget speech on 28 February as ‘good’, ‘bad’ and ‘ugly’. Read more: http://bit.ly/1BXg9ur
Pipavav to become top defence manufacturer: Anil Ambani
Within days of acquiring controlling stake in Pipavav Defence and Offshore Engineering, Reliance Group chief Anil Ambani yesterday said he will make it the country’s biggest defence manufacturer. Read more: http://bit.ly/1A9v8N4
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