In a major move to stimulate the country’s ailing real estate sector, the government has decided to set up a `25,000-crore alternative investment fund (AIF) to revive about 1,600 stalled housing projects. These include over 4.58 lakh unfinished units across major cities in the country. According t...
“The top nine real estate developers listed at the stock exchange have beaten the housing sector’s downturn blues. Their FY 19 data reveals that they not only successfully weathered the slowdown period of FY 2016-17 with a 159% jump in housing sales but also surpassed the marketʼs peak years of...
Curtain goes up on the Tata Steel Chess India - Rapid & Blitz 2019 editionTATA STEEL CHESS INDIA, RAPID & BLITZ 2019 puts India firmly on the world chess map and has become part of the Grand Chess Tour. The tournament brings eight of the world’s top fifteen Grandmasters and the top three I...
This December is historic for the Oil and Natural Gas Corporation (ONGC). A long due exploration is expected to start. This exploration field - located in the Bay of Bengal off the Godavari coast - has been termed the KG-DWN 98/2.Pallab Bhattacharya, Chief, Corporate Communication, ONGC, told BE, â€...
The real estate sector is in a slowdown. BE’s Saptarshi Deb spoke to Harshavardhan Neotia, Chairman, Ambuja Neotia Group, about the prospects of revival.Q) Given that the inventory pile-up in the Indian real estate market is among the highest ever recorded, do you foresee signs of revival? A) Itâ€...
SREI Infrastructure Finance Limited has reported a consolidated profit after tax (PAT) of Rs 55.37 crore during the quarter ended on September 30, 2019 as compared to Rs 110.97 crore during the corresponding quarter of previous year.The company's consolidated PAT was at Rs 98.04 crore ...
The manufacturing sector serves as an engine of growth of an economy. The positive relationship between the growth of manufacturing outputs and the growth of GDP has been established by economists following Kaldor’s laws. That is why development strategies focus on industrialisation. But then, ind...
The Micro, Small and Medium Enterprises (MSME) Ministry is reportedly finalising the new definition of MSME based on annual turnover. In 2018, Prime Minister Narendra Modi had proposed this.Sudakshina Gupta, Professor, Department of Economics, University of Calcutta, told BE, “According to the gov...
Srei Equipment Finance Limited recently partnered with the United Bank of India to offer loans to MSME and retail customers under a co-lending arrangement. The NBFC and the bank jointly organised Loan Utsavs across 20 cities.The Loan Utsavs were held in Delhi, Mumbai, Hyderabad, Ahmedabad, Pune, Nag...
The Banyan Tree Group is a Kolkata-based real estate company and a prominent player in the affordable housing segment. Prabir Roychowdhury, Director, Banyan Tree Group spoke to BE’s Aritra Mitra.Q. Has the affordable housing segment improved after the recent tax benefit provided in the 2019-20 Bud...