Ajinkya Kawale And Prachi Pisal

Stories by Ajinkya Kawale And Prachi Pisal

Indian Reits distribute Rs 6,070 crore in FY25, up 13% from previous year

Indian Reits distribute Rs 6,070 crore in FY25, up 13% from previous year

Rediff.com   16 May 2025

India's four listed Real Estate Investment Trusts (Reits) collectively distributed 13 per cent more funds to their shareholders in fourth quarter of financial year 2024-25 (Q4FY25) at Rs 1,553 crore on year, reflecting the growing strength of the sector fuelled by strong leasing activity, especially from Global Capability Centres (GCCs).

'Exceptional item' keeps Paytm in loss with Rs 540 crore hit in Q4FY25

'Exceptional item' keeps Paytm in loss with Rs 540 crore hit in Q4FY25

Rediff.com   7 May 2025

One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of Rs 539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the Rs 549.6 crore it reported in Q4FY24. Sequentially, the fintech company's loss widened from Rs 208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to Rs 522 crore during the quarter ended March 2025.

Tighter norms, rising compliance failures driving scrutiny for startups

Tighter norms, rising compliance failures driving scrutiny for startups

Rediff.com   24 Apr 2025

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

Why Mumbai's Luxe Homes Are Losing Their Shine

Why Mumbai's Luxe Homes Are Losing Their Shine

Rediff.com   24 Apr 2025

Mumbai -- home to industry titans and Bollywood stars -- is witnessing a slow offtake of houses priced between Rs 10 crore and Rs 50 crore. Industry insiders and real estate watchers explain why.

Tech Failures Behind UPI Outages

Tech Failures Behind UPI Outages

Rediff.com   16 Apr 2025

An hour-long disruption could affect around 40 million UPI transactions.

Realty sector turns cautious as equity market tumbles

Realty sector turns cautious as equity market tumbles

Rediff.com   14 Apr 2025

'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'

Flexible office space growth set to trigger IPO wave

Flexible office space growth set to trigger IPO wave

Rediff.com   9 Apr 2025

India's flexible (flex) office segment, having breached pre-pandemic levels, is thriving as corporates, startups, multinational corporations, and global capability centres (GCCs) expand in India, seeking low-capital yet Grade A plug-and-play facilities. In the first quarter (Q1) of 2025, the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers.

Institutional investment in real estate jumps 31% to $1.3bn

Institutional investment in real estate jumps 31% to $1.3bn

Rediff.com   5 Apr 2025

The growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the first quarter of the financial year.

USTR Report Intensifies Trade Tensions With India

USTR Report Intensifies Trade Tensions With India

Rediff.com   2 Apr 2025

The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.

Housing Sales Drop 28%

Housing Sales Drop 28%

Rediff.com   28 Mar 2025

Average residential property prices in seven cities increased 10% to 34% due to new supplies in the luxury and ultra-luxury segments and overall demand.

PCI Urges MDR on UPI, RuPay

PCI Urges MDR on UPI, RuPay

Rediff.com   25 Mar 2025

'The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in innovation, cybersecurity, grievance redressal, and merchant support, ultimately ensuring that UPI continues to thrive.'

'We Don't Want To Survive On Govt Incentives'

'We Don't Want To Survive On Govt Incentives'

Rediff.com   20 Mar 2025

'The only solution is for the government to allow us to charge a low controlled MDR of 25 bps on UPI P2M transactions only for merchants with more than a Rs 40 lakh turnover.'

Navi Mumbai airport opening pushed back by 2 months

Navi Mumbai airport opening pushed back by 2 months

Rediff.com   17 Mar 2025

The entire construction of the Navi Mumbai airport project is expected to be completed in five phases.

'We Expect 1 Million Start Ups By 2035'

'We Expect 1 Million Start Ups By 2035'

Rediff.com   13 Mar 2025

'Binary fission will happen -- startups will lead to more startups.'

Blackstone-Sattva JV file draft Papers for Rs 6,200 crore Reit IPO

Blackstone-Sattva JV file draft Papers for Rs 6,200 crore Reit IPO

Rediff.com   7 Mar 2025

US-based private equity firm Blackstone and Bengaluru-based real estate developer Sattva Group filed the draft initial public offer (IPO) papers for India's biggest real estate investment trust (Reit) named Knowledge Realty Trust to raise ?6,200 crore. The Reit will be the largest in India in terms of net operating income (NOI) and gross assets value (GAV).

International flights at Navi Mumbai airport by July next year

International flights at Navi Mumbai airport by July next year

Rediff.com   3 Mar 2025

It is the first airport in the country to have multi-modal connectivity. This includes a linkage to the project via road, rail, and a metro system.

What fintechs must do to scale up presence of e

What fintechs must do to scale up presence of e

Rediff.com   24 Feb 2025

Non-banking entities such as fintech firms will have to tap into use cases beyond peer-to-peer (P2P) and peer-to-merchant (P2M) transactions to scale up the presence of the retail version of the central bank digital currency (CBDC), which is also known as the e, said industry players. These use cases will enable programmable transactions across domains, including the government's direct benefit transfer (DBT) schemes, with subsidies restricted to specific purposes such as food coupons, hospital bills, fertilisers, pesticides, and cross-border remittances.

Why Has FATF Summoned Indian Gaming Firms?

Why Has FATF Summoned Indian Gaming Firms?

Rediff.com   20 Feb 2025

Dream11, Baazi Games, Zupee and WinZO among others are invited for the discussion with the anti-money laundering watchdog.

'Highways Infrastructure Trust's AUM to be around Rs 25,000'

'Highways Infrastructure Trust's AUM to be around Rs 25,000'

Rediff.com   31 Jan 2025

'By March-end, we should have closure of the PNC portfolio. After completion of PNC acquisition.'

RBI lens on 8 fintech companies in P2P lending space

RBI lens on 8 fintech companies in P2P lending space

Rediff.com   28 Jan 2025

Currently there are 26 licensed players in the P2P lending sector but only 10-11 are actively operating.