The company has entered into a brand licensing agreement with Global Brands Enterprise Solutions, a firm promoted by Chinese white goods player Haier's former India head Pranay Dhabhai.
Greed is coming back. So, developers can increase prices. I am sure that prices will not go down from here onwards.
Last year, the group held discussions with potential investors and started putting in place a management team to run the fund. Knight Frank India executive director Keku Cola was expected to head the new fund, but he has quit and joined the Shapoorji Pallonji group. According to a report by global research firm Preqin, private equity real estate funds are still struggling to raise capital in the current economic environment.
The development comes amid Japan's SoftBank booking an investment loss of 39.28 billion yen (USD 350 million) on its investments in India, including those in Ola and e-commerce company Snapdeal.
Global property consultancy firm, Knight Frank India, has said that prices in the residential property segment are likely to decline in a short time.
On the residential segment, there is a new thing opening up, and that is organised rental housing.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.
Haier Appliances (India) Pvt Ltd, a wholly owned subsidiary of Chinese white goods major Haier Technology, is planning to enter the Indian market in a big way by launching models across various product categories.
Owing to their first innings lead, Bengal grabbed three crucial points against Haryana after their Group A Ranji Trophy match ended in a draw at the CH Bansi Lal Cricket Stadium, Lahli on Monday.
Seven of the 10 finalists were Indian-Americans.
It's not unusual for the tax departments to freeze bank accounts and there have been instances of the authorities recovering the outstanding from the bank, though such course of action is not common.
From spreading updates about the brand and upcoming devices to creating personalised world-of-mouth goodwill for Xiaomi -- its online army of fans have swelled parallelly with Xiaomi's fortunes in the country.
An Election Commission official said minor clashes between political workers were reported from some areas.
Around 500 people have signed up on Ola's platform for the Bike Taxis service.
What dos and don'ts should people in Maharashtra follow with the state government notifying The Epidemic Diseases Act, 1897 lockdown orders?
The company has said the funds raised will be used to invest in product development and expansion of its fast-growing mobile business.
Ola wants to be India's answer to Grab, which is into everything, starting from cab service and logistics to bike taxis and food and grocery delivery.
The coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers.
With a new higher tax regime coming into effect from the new financial year, top corporates and wealthy investors are in a rush to restructure their shareholding.
Many small-scale start-ups are operational in this space for some years now. Larger players, too, seem to have realised the potential and are now entering into the fray, mostly through acquisitions.
Pranay Bhatia offers insights on some key issues from Nirmala Sitharaman's maiden Budget.
Flipkart's appointment of Kalyan Krishnamurthy as CEO and Ola's choice of PepsiCo's Vishal Kaul for COO speaks to the growing trend of bringing in experienced professionals to run business. Karan Choudhury reports.
The municipal body has directed its officials to form teams to ensure that all the restaurants are fire safety compliant in view of the New Year celebrations.
While Mumbai is home to India's costliest real estate, Thane is the fastest growing housing market in the country
Srinu Bugatha, Sudha Singh win Indian Elite category.
Housing market in Mumbai Metropolitan Region recording worst half-yearly performance since global financial crisis in 2008 has worsened the situation for them
A round of bold and quirky street styles from Lakme Fashion Week Summer/Resort 2016.
Quikr founder & CEO Pranay Chulet tells Raghu Krishnan and Bibhu Ranjan Mishra why money has never been an issue for Quikr and that someday he will make a romantic comedy.
Veteran opener Virender Sehwag is making most of his hard-earned form as he blended caution with aggression during an attractive unbeaten knock of 147 to take Delhi to a respectable 278 for 7 at stumps against Haryana in the Ranji Trophy Group B match in Lahli, on Monday.
'It smells like a case to silence my voice at this important time in the #metoo movement but in the larger context it could be a ploy to muddy the waters and sabotage the entire movement altogether.'
Double tax exemption on wages paid to women can encourage companies to hire, retain and compensate women better, argues Nitin Pai.
You'd be naive to go into this one looking for top grade acting or direction, says Paloma Sharma.
With aggressive brand-building initiatives, the companies' advertising budgets ahead of Diwali is understood to have seen a 15% spike
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
Slurrp! These mouth-watering dishes will make Children's Day special for your kids.
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