Was the real estate euphoria just a bubble waiting to burst? The current financial year will reveal the answer.
Water or mines? The answer should be obvious, but thanks to the pots of gold that lie hidden in them, mines are robbing the countryside of its natural wealth.
The environment ministry has proposed to offer wasteland available with it to investors through multi-stakeholder partnership.
With big developers eyeing land buyouts and projects of smaller builders, the real estate sector in the country will witness consolidation in six to eight months. A key driver would be attractive valuations of such properties.
The Mukesh Ambani-controlled Reliance Industries is entering the supply-deficient hospitality business and is in talks with big international names such as Walt Disney, Ritz Carlton and Four Seasons
In a double whammy for real estate developers, banks are likely to raise lending rates to builders by up to one percentage point while consumer interest fades with home loans becoming more expensive.
LN Mittal, who is a frontrunner for acquiring a 51 per cent stake in Sesa Goa from Mitsui and has announced plans for projects in Jharkhand and Orissa worth Rs 40,000 crore each, is planning a $2 billion (Rs 8,600 crore) foundation.
Leading bankers expect the number of transactions to fall 30 to 35 per cent as buyers wait for a price correction in real estate.
The developers have already started feeling the pinch.
Global Subsidies Initiative describes itself as an honest broker of information on farm subsidies, which it says are killing the small farmer.
In talks with Starwood and Peninsula Hotels.
Attempting an image makeover from being calorie-rich to health-conscious, PepsiCo India is working towards launching a nutritious beverage within three years.
Genesis Colours, popular for its high-end fashion label Satya Paul, is in advanced negotiations with Moet Hennessy-Louis Vuitton for bringing luxury apparel and perfume brand Kenzo to India.
Refrigerators or ACs could be dearer soon as the consumer durable companies start conforming to energy efficiency standards.
DLF Ltd is forging a 50:50 joint venture with Nakheel, a large property developer of the UAE, for two integrated townships in India at a whopping investment of $10 billion.
A possible exit of Team India from the first round of the ICC World Cup has the tourism industry worried. Many fans and corporates
Most of Indian billionaires are shy of talking about the money they spend on charity.
The company reportedly in talks with a dozen firms overseas for an acquisition.
The Foreign Investment Promotion Board has forwarded complaints against duty-free operator Alpha Airports group to the home ministry and the Directorate General of Export Promotion.
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