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Arvind Kumar Sharma, a 1988-batch IAS officer and one of the many joint secretaries in PMO, definitely wields some power.
After months of negotiations, an entity owned by Pune-based property developer Panchshil Realty and US-based private equity (PE) company Blackstone has bought a majority stake in Express Towers.
The company plans to raise Rs 750 crore; other realtors may follow.
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
In a curious turn of events on Wednesday, Prime Minister Narendra Modi picked Rajeev Topno, a 1996 batch Indian Administrative Service officer from the Gujarat cadre and a part of the Prime Minister's Office under former PM Manmohan Singh, as private secretary.
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Chairman Anand Mahindra spoke to Business Standard on affordable housing.
The company is not holding plans for clarity on policy.
E-commerce pilot for wholesale begins from July in Hyderbad and Lucknow
Narendra Modi, who used to tweet frequently, is said to have decided to maintain a single voice on Twitter after becoming prime minister. Nivedita Mookerji reports
Retailers present in India are in talks with Carrefour to buy its assets piecemeal, rather than the whole business.
Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
Early last year, the company had said it aimed to reduce its debt, which stood over Rs 21,000 crore then, to Rs 10,000-11,000 crore (Rs 100-110 billion) through the sale of non-core assets and improved cash flows.
The two companies have been negotiating to remain separate entities after a merger.
Oberoi Relaty expect 20-25 per cent premium for tis residential project.
Experts are looking at a timeframe of anything between 12 and 18 months from the time of the new government for concrete signs of revival.
The company's search for a partner in India seems to be grounded once again
In October 2012, Flipkart entered the menswear segment; later it launched a womenswear range
Move to improve transparency but make liquidity more difficult to come by
Walmart is waiting to understand as to how much multibrand retail might or might not move forward.
Local traders are evaluating other options rather in FDI.
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