Move comes after Reserve Bank said it would allow NBFCs, mobile phone firms and supermarket chains to operate payment banks
Fund managers gear up to launch property funds to raise about $750 mn
Economic downturn, lower pay rises, uncertainty in jobs said to be among the reasons
The company is in advanced talks with many developers
Gehlaut gets housing finance, realty, securities; Rattan and Mittal get power & infra
This reduction has led to average apartment costs dropping by 6%, said a report by global real estate consultant Cushman & Wakefield.
Apart from Lavasa, others eyeing the market include DLF, Phoenix Mills and Embassy-Blackstone
DLF wants to use the proceeds from the sale to reduce its debt of Rs 18,500 crore
Competition from kirana stores, low margins and property & supply chain issues delay break-even
The property was sold to Pheroza Godrej, wife of Jamshyd Godrej, managing director and chairman, Godrej & Boyce, sources said
Is likely to relocate to the UK to join a retailer
Interview with Chairman, Mahindra Group
Not holding plans for clarity on policy
DLF says any growth uptick will happen from second half of FY 2015
L&T to raise Rs 3,500 crore via share sale to investors; RCom plans to raise Rs 1,800 crore through QIP; Future Retail to raise Rs 600 cr to repay debt
Raising new funds is important for the company due to its high debt levels and debt to equity ratio, say analysts
Silent for years now, Bombay Dyeing is laying out an elaborate plan to revamp its staid image, starting with a bold ad campaign