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With residential sales on the decline, real estate developers in NCR are sitting on an unsold inventory worth over Rs 77,000 crore, a study has said. Housing sales declined 38 percent in Noida during the third quarter year-on-year while sales numbers fell by 6 percent in Gurguram. In terms of launches, Gurugram witnessed a YoY [...]

Motilal Oswal Real Estate, the real estate private equity arm of Motilal Oswal Group, has made over Rs 525 crore of exits across seven investments through its India Realty Excellence Fund II and India Realty Excellence Fund III. These exits have been made in projects of developers such as Casagrand Builders in Chennai, ATS Group in NCR, ShriramProperties [...]

MUMBAI: Reliance Jio Infocomm’s fibre network unit is raising about Rs 27,000 crore in syndicated loans from a group of banks, three executives aware of the financing plans told ET, as the newly created infrastructure business expands to meet expected demand for its assets from sectors such as power besides telecom and internet services providers. Lenders in [...]

Motilal OswalNSE 4.26 % Real Estate (MORE), the real estate private equity arm of Motilal Oswal Financial Services, has achieved the second close of its fourth real estate fund – India Realty Excellence Fund IV (IREF IV) – with commitments totalling Rs 850 crore. It has raised funds mainly from high-net-worth individuals and family offices. “We have raised [...]

Tata MotorsNSE 2.17 % Saturday said it has sold its stake in subsidiary TAL Manufacturing Solutions Limited to sister concern TASL for Rs 625 crore for the aerospace business. Tata Motors also said that it has acquired non-aerospace business from TAL Manufacturing Solutions Limited (TAL) for Rs 10 lakh. “…we would like to inform that the Company has [...]

Private equity inflows touched Rs 46,268 crore in 2018 with Mumbai recording the largest share of 27 percent of investments among all cities, as per a report by Cushman & Wakefield. Office sector led the investment in flows commanding 46.4 percent of the annual fund flows. Residential segment investments accounted for a 29 percent share of [...]

Richest Indian families The total wealth of top 100 Indians in the real estate sector stood at Rs 236,610 crore – up by 27 percent against 2017, says the GROHE Hurun India Real Estate Rich List 2018. The financial capital of India, Mumbai dominates the list followed by New Delhi and Bengaluru. In Fact, the [...]

HIGHLIGHTS Cashback of Rs. 5,000 is applicable on iPads and Apple Watch Offer period is March 12-April 15 Maximum of 2 transactions per card is applicable for cashback Apple India has partnered with ICICI Bank to offer cashback of up to Rs. 10,000 on purchase of select iPhone variants, as well as iPad, MacBook, and Apple Watch models. The offer entails a cashback [...]

HIGHLIGHTS iPhone X will be available only for postpaid users via Online Store Citibank credit card payments will fetch Rs. 10,000 cashback There will be no EMI option on buying iPhone X from Airtel Airtel has announced that it will sell the iPhone X to customers via its recently launched online store. However, only postpaid customers of [...]

Moto X4 India launch live stream is scheduled to start at 2:30pm IST At the Moto X4 India launch event, the company announced key details such as the variants, price, release date, launch offers, and other availability details of the handset. The smartphone comes in two variants, with the Moto X4 price in India for the 3GB [...]

The Eneforcement Directorate on Monday detected cash deposits totalling over Rs.104 crore in an account belonging to the Bahujan Samaj Party and Rs 1.43 crore in an account belonging to party Supremo Mayawati’s brother Anand in a branch of United Bank of India in New Delhi, sources in the Enforcement Directorate said. Officials said the [...]

They were meant to replace the demonetised currency, but some new 500-rupee notes are causing some confusion — because of printing errors.   Apparently, in a rush to go to print, an unspecified number — no one knows exactly how many — of notes of Rs 500 denomination have visible errors.   They have caused [...]