Private equity investments in real estate up to $3.8 bn

Private equity investments in the domestic real estate sector rose by 19 per cent to $3.8 billion during January-September 2019, mostly in commercial properties, according to Anarock. Private equity investments were over $3.2 billion in the year ago period, the consultant said in a statement. Continue Reading

ICICI’s profit declines in September

Private sector lender ICICI Bank posted a 6.09 per cent decline in consolidated net profit for the September quarter at Rs 1,131.20 crore. It had reported a net profit of Rs 1,204.62 crore for the July-September period a year ago. Continue Reading

Steel Ministry eyes Japanese players to invest in India

Union Steel Minister Dharmendra Pradhan met officials of Japanese steel companies Nippon Steel, Daido Steel and JFE Steel Corporation in Tokyo and invited them to invest in India. Pradhan, along with senior officials of the ministry, is in Japan to attend the two-day Global Forum on Steel Excess Capacity (GFSEC). Continue Reading

Bharti Infra sets 24 Dec as deadline for merger

Telecom infrastructure firm Bharti Infratel on Friday said it has extended deadline for merger of mobile tower company Indus Towers by two months to 24 December while considering regulatory uncertainty looming over the deal. Continue Reading

SIDBI awards performers in Micro, Small and Medium Enterprises

Small Industries Development Bank of India (SIDBI), the apex financial institution engaged in the promotion, financing and development of Micro and Small Enterprises (MSEs), acknowledged the achievements of MSEs and recognized the efforts of lenders who have taken illustrative steps for easing access to finance in this sector. Continue Reading

‘Iran not disappointed with India for not importing oil from Tehran’

India has a strong political and cultural relationship with Iran where it operates a strategic port, External Affairs Minister S Jaishankar has said, rejecting reports that Tehran is disappointed at New Delhi for not buying oil from the oil-rich nation in view of the tough US sanctions. Continue Reading

Venkaiah, Modi pay tribute to Deen Dayal Upadhyay

Vice President M Venkaiah Naidu and Prime Minister Narendra Modi today paid tributes to Bharatiya Jana Sangh co-founder Deen Dayal Upadhyay on his 103rd birth anniversary and recalled his efforts to uplift the weaker sections of the society.
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Rich will benefit, poor left to fend for themselves: Kapil Sibal on tax cut

Senior Congress leader Kapil Sibal today attacked the government over its move to cut corporate tax, alleging that the rich will benefit while the poor left to fend for themselves.
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Chinese officials inspect Mamallapuram ahead of Modi-Xi Jinping summit

A delegation of Chinese officials on Friday inspected world heritage site monuments here, including the famous shore temple ahead of the summit between Prime Minister Narendra Modi and President Xi Jinping, slated to be held here next month. Continue Reading

Govt investing LIC money in loss-making firms: Priyanka Gandhi

Congress leader Priyanka Gandhi Vadra today alleged that the Modi government was “shattering” people’s trust in LIC by investing the state-run insurance firm’s money in loss-making companies. Continue Reading