The move is likely to help 4.59 lakh housing units across the country.
In one of the largest FDI deals in realty sector, global private equity Warburg Pincus will invest Rs 1,800 crore (Rs 18 billion) in Piramal Realty, which would use the funds to develop mixed-use projects in the megalopolis.
China has cast a long shadow on India's economy.
'The outcome of next year's assembly elections, macroeconomic indicators/corporate earnings growth and global events could keep the markets choppy.'
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
'Modi forgot to ask Trump for anything that India may need -- and there is so much shortfall all around!', states Ambassador M K Bhadrakumar.
Iconic Dalal Street investors Rakesh Jhunjhunwala and Radhakishan Damani, known for their stock picks, have forged an unusual partnership to make Bollywood flicks.
Private lenders were among the top losers along with RIL.
'For those looking at forward-looking signals for the economy from the stock markets, the relative performance of small and mid-caps may be a better indicator of the future than the index levels of the narrower and more popular indices', says Neelkanth Mishra.
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
The Hussain family from Sopore and Iqbal household in Kashmir's Anantnag are eagerly waiting for their cell phones to buzz. It's been 11 days since 20-year-old Amir Hussain Rather and 25-year-old Wasim Iqbal last spoke with their folks back home.
Uncapped left-arm spinner Zafar Gohar has joined the test squad from the Pakistan A team currently in Hamilton.
The Supreme Court on Monday put the onus on Board of Control for Cricket in India president-in-exile Narayanaswami Srinivasan to prove that there was no conflict of interest involving him that came in the way of a probe into the IPL-6 scam and took strong exception to his counsel "repeatedly" naming Finance Minister Arun Jaitley in the proceedings.
Most analysts expect growth in the sales of Nifty-50 companies to decelerate, albeit marginally, in the quarter ended December compared to the corresponding period of 2013-14, with metals and real estate companies pulling down earnings.
HUL, UltraTech, Asian Paints, L&T, HDFC Bank top global valuation charts
A high voter turnout was recorded in West Bengal, Assam Kerala, Tamil Nadu and Puducherry assembly elections on Tuesday. The massive polling exercise following COVID-19 health protocol and involving lakhs of personnel began at 7 am and the last hour from 6 pm to 7 pm was set aside for COVID-19 patients and those under isolation. The counting of votes in the states will be held on May 2.
That day is not very far when farmers will get double their present income, says PM.
'Somewhere along the way, elected office-bearers appeared to have lost sight of the interest of cricket and begun to pursue their own interpretation of what the game should be.' 'Families made it a tradition to have their representatives occupy, if not usurp, positions in state associations,' points out Vinod Rai, who will step down as head of the BCCI's Committee of Administrators on Wednesday, October 23.
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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
'What has cemented the renewed bilateral commitment is the maturity of the relationship. This has been reflected at the highest levels, with you and President Obama driving the relationship, and at the citizen-to-citizen level.'
Some make for good investment ideas even after a strong run-up but others could see gains fizzling.
The crisis-ridden Rajasthan Royals and its under-fire co-owner Raj Kundra's future hangs in balance as the BCCI's Emergent Working Committee meets in New Delhi on Monday to deliberate on the IPL spot-fixing and betting scam and take action, if required.
'When the clouds lift and the mists clear, when saner heads and minds sit down to parse the outcome, they will find that the Congress was not lacking in either fight or spirit,' notes Saisuresh Sivaswamy.
Many of the tragedies occurred in the dark, which is when it is cooler to walk, and many people were caught in their sleep. The combination of no traffic and speeding vehicles has led to havoc, endangering the lives of those who found themselves without work or money in the coronavirus-induced lockdown and were frantic to get home, any which way.
For India Inc, latest GDP figures signal a turnaround.
Vijaya Bank assured employees that the service conditions 'will remain unaffected and staff benefits retained'
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
India Inc did not perform well during December quarter.
A report in a daily said that Pakistan was worried over the visit as it could have serious implications on strategic stability in the region.
No one on that glittery occasion could possibly have imagined that the Chinese were conspiring to invade India, nor could anyone have predicted that the seemingly benign Dalai Lama was plotting to flee Tibet and seek asylum in India. A fascinating excerpt from Sukanya Rahman's must-read Dancing In The Family: The Extraordinary Story Of The First Family Of Indian Classical Dance.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
Cyclone Nisarga slammed Maharashtra coast with wind speeds of up to 120 kmph, making landfall at 12.30 pm at Alibaug near Mumbai. The process was completed by 2.30 pm, a senior India Meteorological Department official said. Alibaug witnessed wind speeds of up to 120 kilometres per hour. It weakened into a 'deep depression' late on Wednesday evening, the IMD said.
Many analysts find market expensive, even at current levels.
Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
Loans, cash credits, and overdrafts at the end of December 22, 2017, stood at Rs 81,287.32 billion, against Rs 73,340 billion in the year-ago period.
The prime minister has been unstoppable as he transported the BJP to colossal success on a wave of muscular nationalism, majoritarian pride and charisma.
Mayank Agarwal, who was the third opener for the West Indies series, is a contender for the yet-to-be-decided squad of 17 that will travel Down Under.
What did Narendra Modi tell former Utah governor Jon M Huntsman when he met him? Aziz Haniffa/Rediff.com reports from Washington, DC.
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