Reit as an investment vehicle has a huge opportunity as the country has a rent-yielding office inventory of 537 million square feet valued in excess of $70 billion.
Singapore is slated to bring in Singapore Variable Capital Company, a new legal entity which can be used as a vehicle for investment. SVACC is expected to simplify the process of redemption for open-ended funds.
In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman, a total of Rs 1,52,369 crore has been set aside for capital expenditure that includes purchasing new weapons, aircraft, warships and other military hardware.
Ahead of the upcoming Maharashtra Assembly polls, the Centre has pushed another big ticket infra project for the state with Union Minister Venkaiah Naidu saying that the groundbreaking ceremony of the city's Colaba-Seepz Metro project will be held soon.
The sixth metro station on the network became operational in April, completing the Phase I network.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.
Dealerships, too, are going all out to roll out the red carpet for women.
While the company insisted it had enough spectrum across circles, analysts said the company might soon need to acquire some spectrum to ensure uninterrupted service.
FPIs would be classified into two categories instead of three, while the requirements for issuance and subscription of offshore derivative instruments would be rationalised.
On Monday, the US delegation met Urban Development Minister Venkaiah Naidu.
Air India owns 32 aircraft, and has 37 aircraft on finance lease; Air India Express owns 17 aircraft on finance lease. The aircraft-related debt of Air India is Rs 16,000 crore; it's Rs 1,100 crore for Air India Express.
Former Union minister and controversial Bharatiya Janata Party MP Anantkumar Hegde has once again stoked a row by calling the freedom struggle led by Mahatma Gandhi a "drama". However, this is not the first time a leader from the ruling party has insulted the Father of the Nation. Here are other instances when BJP leaders took a swipe at Mohandas Karamchand Gandhi.
Watch Jubilee's concluding episodes. Radhika Apte is a housewife turned spy. Mithunda makes his OTT debut. Sukanya Verma lists her recommendations.
The over Rs 15,000-crore Hyderabad project comprises 72 kilometre of elevated metro rail line and six million sft of transit-oriented development.
A parliamentary panel on Tuesday opposed the privatisation of six AAI-developed airports including Kolkata and Chennai, and charged the Civil Aviation Ministry with doing "a great disservice" by "using public property for private profits".
According to the police, a Special Task Force team retaliated when the gangster, recently released from prison on bail, opened fire at them after being cornered. His car had crashed into a pole.
JNPT, the country's largest container port at Navi Mumbai, and Kandla in Gujarat's Kutch, the largest port by total cargo, will come together to form a Special Purpose Vehicle to operate the terminal at Chabahar, under a revenue-share agreement with the Port and Maritime Organisation, Iran.
Yoga guru Baba Ramdev's Patanjali Ayurved on Wednesday made its first big acquisition when it paid Rs 4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition will help Patanjali acquire edible oil plants as also soyabean oil brands such as Mahakosh and Ruchi Gold.
In a string of tweets and replies, Swamy also said that GST can be implemented only if the Supreme Court clears a petition on levy of entry tax
The project is scheduled to be completed by March 2019, while work is expected to start by this financial year.
Implementation of the reforms through a special purpose vehicle is a way to seek greater accountability.
Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in two of India's leading cement companies -- Ambuja Cements and ACC -- the Adani group said in a statement. The group outbid Ultratech and JSW group to enter the cement industry and also emerge as the country's second-largest cement manufacturer, with 70 million tonnes of capacity annually.
The actor has been asked to be present before the adjudicating authority of the case here on August 23, they said.
Modi asserted that judicial reform is not merely a policy matter.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
Lines up a $1-billion capital expenditure plan for exploration purposes abroad.
The government has received three preliminary bids for buying of controlling stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL), Oil Minister Dharmendra Pradhan said on Wednesday. Mining-to-oil conglomerate Vedanta had on November 18 confirmed putting in an expression of interest (EoI) for buying the government's 52.98 per cent stake in BPCL. The other two bidders are said to be global funds, one of them being Apollo Global Management.
Two years ago, the number was 4,000, according to Indian businessmen.
A Special Purpose Vehicle would be set up to implement the project.
White is easy to maintain, looks brighter than other colours over a longer period, is the least commonly rejected colour among family members, has high resale value, provides better safety at night, absorbs less heat in the summer season, makes small cars look bigger, and is not considered inauspicious.
The top speed on the about 505 kms elevated corridor will be between 300 to 350 kmph.
The meeting is expected to chart a road map for cleaning up their balance sheets and boost credit flows, reports Somesh Jha.
Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.
Both Khan and Kidwai were in Kenya to join President William Ruto's election campaign information and communications technology team.
'Mr (Gautam) Adani invested in Vizhinjam port when no other viable party was willing to bid.' 'He has also been active in charitable work and CSR projects in our coastal areas.' 'As the local MP, I do not judge the local situation purely through the prism of politics.'
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.
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