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Category Archives: Banking & Finance

Indian Real Estate’s IPO Revival

Strong liquidity boost IPO sentiment The Initial Public Offer (IPO) in the real estates is being revived, writes Shobhit Agarwal, MD & CEO – ANAROCK Capital.  Strong domestic liquidity, the resilient Indian economy, the surge in foreign institutional investors and improving investor sentiments have pushed the

HDFC proposal approved for additional capital

Foreign shareholding set at 74% The Cabinet has approved a proposal for HDFC Bank Ltd to raise additional share capital of up to a maximum of Rs.24,000 crore so the composite foreign shareholding in the Bank shall not exceed 74% of the enhanced paid-up equity

Pragati Maidan land offered for hotel

Land monetization to fund part of IECC India Trade Promotion Organisation (ITJPO) is offering a 3.7 acre land at Pragati Maidan in Delhi on a 99 year lease for construction and running of a Hotel by a third party including private sector through a transparent

Rana Kapoor re-appointed to lead YES Bank

Bank to capitalize on innovations in technology The Board of Directors of YES BANK has reappointed Rana Kapoor as MD & CEO of the Bank for a period of 3 years at the 14th Annual General Meeting (AGM) held on 12 June 2018 in Mumbai.

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Puri update 1,350 smart city projects

Tender 400 projects worth Rs.20,000 crore Around 1,350 projects worth Rs.50,000 crore have been tendered under the Smart City Mission, of which 950 projects, costing Rs.30,675 crore, are in progress or completed, said Hardeep S Puri, Minister of State Housing & Urban Affairs.

Private sector dominates infra investment

Govt to double annual investment to US$200bn The private sector has provided a third of the US$1 trillion investment in the Indian infrastructure projects from 2007 to 2017, a senior government official said.

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NRIs among the savviest property investors

The Changing NRI Real Estate Investor Landscape Non-Resident Indians (NRIs) are among the savviest property investors on the Indian market today, writes Anuj Puri, Chairman – ANAROCK Property Consultants.

India-UK work on Smart Cities

JWG to strategize and implement programmes India and the United Kingdom are strengthening institutional cooperation in the field of sustainable urban development, focusing on projects on smart cities.

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India-Denmark cooperate on smart urban development

JWG to strategize implementation of projects   India and Denmark are promoting bilateral cooperation in the field of sustainable and smart urban development under a Memorandum of Understanding signed in April 2018. The MoU is on the basis of reciprocity and mutual benefit through exchange

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President assent to bankruptcy code amendment

Home buyers get relief The President has given assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance 2018 which provides significant relief to home buyers by recognizing their status as financial creditors.