Real estate sector has received an equity capital of USD 32 billion during the last five years and is expected to attract USD 12-13 billion during 2023-24 with office assets likely to garner maximum fund, according to CBRE.
Real estate consultant CBRE has estimated that equity flows in real estate sector will remain steady with expected investment at around USD 12-13 billion over the next two years with an average USD 6-7 billion flow per year.
Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, investment banks, corporate groups, and REITs, etc.
CBRE expects that office assets would continue to garner a majority share of total institutional inflows, followed by Industrial & Logistics (I&L) and sites/land parcels. In addition, alternative investments, particularly in data centres, may take off.
Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, ..

Press Trust of India

Lenders of debt-ridden Reliance Capital (RCAP) on Monday decided to go for a second auction on April 4 in their bid to maximise recovery as part of the resolution process, sources said.
According to sources, IndusInd International Holdings Ltd (IIHL) of Hinduja Group on Monday told the Committee of Creditors (CoC) it will retain the earlier bid of Rs 9,000 crore upfront cash.
The 38th meeting of the CoC on March 23, 2023 was adjourned and the adjourned meeting was subsequently held today i.e. Monday, RCAP said in a regulatory filing.
For a fresh round of bidding, CoC decided to set the base bid at Rs 9,500 crore on a Net Present Value basis, with a minimum cash component of Rs 8,000 crore.
Earlier, the Supreme Court on March 20, 2023, admitted the appeal of Torrent Investments -- the highest bidder with Rs 8,640 crore resolution plan -- against the lenders' decision to hold another round of auction.
The SC has permitted the lenders to go-ahead with further action as per the Nation

Small arms factories witnessed "either no demand or very less demand" from the armed forces during the 2015-16 to 2019-20 period, the Comptroller and Auditor General of India has observed.
Performance Audit Report No. 5 of the Comptroller and Auditor General of India on Production of Small Arms in Ordnance Factories was presented in Parliament on Monday.
Eight weapon manufacturing factories, which were under the Weapon, Vehicles and Equipment (WV&E) group of the erstwhile Ordnance Factory Board (OFB), have been grouped, post corporatisation of OFB, under one DPSU - M/s Advanced Weapons and Equipment India Limited (M/s AWEIL), headquartered at Kanpur, it said in a statement.
Three weapon manufacturing factories viz. Rifle Factory Ishapore (RFI), Small Arms Factory Kanpur (SAF) and Ordnance Factory Trichy (OFT) manufacture small arms (rifles, machine guns, carbines, pistols, anti-riot/tear gas/pump action gun, etc.) for the armed forces, paramilitary forces (MHA) and the states/UTs,

Most people in India are not serious about following road safety rules, and unless their mindset and attitude change, it would be difficult to reduce number of road accidents in the country, Union minister Nitin Gadkari said on Monday.
The road, transport and highway minister pointed out that a whopping 5 lakh road accidents take place in the country, in which 1.5 lakh people die every year.
"Jyadatar log road safety ko lekar serious nahi hai. Jab tak logo ka dimag aur mindset nahi badlega, tab tak road accidents kam nahi ho payega (Most people in India are not serious about following road safety rules, and unless their mindset and attitude change, it would be difficult to reduce number of road accidents in the country)," he said.
Gadkari also emphasised on the need of following land discipline by drivers.
He announced that his ministry will soon start conducting digital examination for those applying for driver's licence and later a practical driving test will be conducted.
The .

The decision to hold a second auction was decided on Monday in a formal meeting of the CoC

Business Standard

The US government will restrict its use of commercial spyware tools that have been used to surveil human rights activists, journalists and dissidents around the world, under an executive order issued on Monday by President Joe Biden.
The order responds to growing US and global concerns about programs that can capture text messages and other cellphone data. Some programs  so-called zero-click exploits  can infect a phone without the user clicking on a malicious link.
Governments around the world  including the US  are known to collect large amounts of data for intelligence and law enforcement purposes, including communications from their own citizens. The proliferation of commercial spyware has made powerful tools newly available to smaller countries, but also created what researchers and human-rights activists warn are opportunities for abuse and repression.
The White House released the executive order in advance of its second summit for democracy this week. The order demonstrates t

Work has begun on installation of six steel spans on a 350-metre stretch of the Delhi-Meerut-Ghaziabad RRTS corridor in the national capital, officials said on Monday.
This is the only location on the entire Regional Rapid Transit System (RRTS) corridor where such a long viaduct is being constructed with steel spans, the National Capital Region Transport Corporation (NCRTC) said in a statement.
Of these, the about 70-metre-long first special steel span has been successfully installed. This special steel span, weighing 560 tonnes, has been installed in the Kondli area near the New Ashok Nagar RRTS station, it said.
The six steel spans are to be installed near Ghazipur drain for construction of the viaduct.
The RRTS corridor is progressing parallel to the drain. These special steel spans are being installed where the corridor will cross the drain. These spans will also cross the road near Kondli Chowk.
The length of three spans will be approximately 70 metres each and that of the ..

Financial Services firm Aditya Birla Capital on Monday said it has decided to sell its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) to Edme Services for an undisclosed amount.
The proposed deal includes the sale of the entire 25,65,103 equity shares of Rs 10 each held by the company (along with its nominees), representing 50.002 per cent of the issued and paid-up share capital of ABIBL to Edme Services Private Limited, Aditya Birla Capital said in a regulatory filing.
The purchaser is part of the Samara Capital Group and an affiliate of Samara Alternate Investment Fund, it added.
The proposed transaction is subject to receipt of the approval of the Insurance Regulatory and Development Authority of India (Irdai), it added.
As per reasonable estimates, the proposed transaction is expected to be  completed within 120 to 180 days from the execution of the share purchase agreement (SPA).

Sun Pharma Advanced Research Company may incur expenses in connection with incident; India was the second most attacked country for ransomware in the APAC-Japan region in 2022

Binance Holdings is the world's largest cryptocurrency exchange

Bloomberg

The theme of this year's World Water Day - marked annually on 22 March - is "Nature for Water", which "explores nature-based solutions (NBS) to the water challenges we face in the 21st century" according to the United Nations Environment Programme.The challenges are tough as the UN notes that currently 2.1 billion people "lack access to safely managed drinking water services," while an estimated 1.8 billion "use an unimproved source of drinking water with no protection against contamination from human faeces." Business Standard takes a look at the water challenges faced in India.

World Water Day: Photos that depict the water challenges in India

The theme of this year's World Water Day - marked annually on 22 March - is "Nature for Water", which "explores nature-based solutions (NBS) to the water challenges we face in the 21st century" according to the United Nations Environment Programme.The challenges are tough as the UN notes that currently 2.1 billion people "lack access to safely managed drinking water services," while an estimated 1.8 billion "use an unimproved source of drinking water with no protection against contamination from human faeces." On World Water Day, Business Standard takes a look at the water challenges faced in India.

World Water Day 2018: Photos that depict the water challenges in India

Here’s what the airlines don’t want you to figure out: All it takes is a little points savvy to experience luxurious seats for pennies on the dollar. And thanks to powerful credit cards such as Chase Sapphire Reserve and American Express Platinum, loyal flying may not be necessary. Here are the hacks that will get you into the five best cabins in the skies today.

Want to fly best first-class seats on top airlines at dirt-cheap rates? Try this

Here's what the airlines don't want you to figure out: All it takes is a little points savvy to experience luxurious seats for pennies on the dollar. And thanks to powerful credit cards such as Chase Sapphire Reserve and American Express Platinum, loyal flying may not be necessary. Here are the hacks that will get you into the five best cabins in the skies today.

Flying Officer Avani Chaturvedi has created history by becoming the first Indian woman fighter pilot to fly solo.

Meet Avani Chaturvedi: India's first-ever Indian woman to fly MiG-21 solo

Auto Expo 2018: Concept cars steal the show, two-wheelers not far behind

With national polls looming next year -- and possibly as early as late 2018 -- Finance Minister Arun Jaitley has rolled out a budget designed to help distressed farmers and rural areas while boosting growth, jobs and private investment.

Union Budget 2018: Here's a list of all the gainers and losers

69th Republic Day celebration at Rajpath on Friday at New Delhi

R-Day celebrations: India showcases military might, cultural diversity

Police deployment has been doubled around cinemas across India after the release of Sanjay Leela Bhansali's period drama 'Padmaavat' on Thursday.

Padmaavat row: High security around movie theatres amid violent protests

On February 1, all eyes will be on Finance Minister Arun Jaitley when he rises to present the Union Budget 2018-19 to the nation. Jaitley has his task cut out for the dwindling Indian economy which has decelerated due to note ban and GST,

Budget 2018: Meet the key men who will decide your taxes this year

The future is on display at the Detroit Auto Show - or at least the very-near future. Executives in natty suits (and the occasional sweater) are busy unwrapping a bevy of vehicles that will soon be in dealerships. Here are some of those exciting and eye-catching machines

Top eye-catching machines at the Detroit Auto Show

Prime Minister Narendra Modi on Sunday said Republic Day celebration in 2018 would be "remembered through the ages" because the government for the first time in India's history would host leaders of 10 Asean countries as chief guests on January 26.

These ASEAN leaders will attend India's 69th Republic Day celebrations

Puri (Odisha), March 22(ANI): West Bengal Chief Minister Mamata Banerjee on March 22 visited Puri’s iconic Jagannath Temple. While addressing the media persons, Mamata Banerjee said “I have offered prayers for Indians, people of Bengal and Odisha. I am very grateful that the flag that was there on the top of the temple is given to me.”

West Bengal CM Mamata Banerjee visits at Jagannath Temple in Puri

Puri (Odisha), March 22(ANI): West Bengal Chief Minister Mamata Banerjee on March 22 visited Puri's iconic Jagannath Temple. While addressing the media persons, Mamata Banerjee said "I have offered prayers for Indians, people of Bengal and Odisha. I am very grateful that the flag that was there on the top of the temple is given to me."

Chandigarh, March 22 (ANI): Amid the high-profile crackdown on the ‘fugitive’ pro-Khalistani radical leader Amritpal Singh by Punjab Police, political fumes in the Punjab Assembly is showing no signs of dousing. Congress on March 22 questioned that Punjab police are arresting his associates, but why are they failing to arrest Amritpal Singh. Speaking on this matter, Punjab Minister Brahm Shankar Jimpa said that this behaviour of Congress shows their character. “The character of congress came before people, why they are leaving the house and not being able to face it. It is a request to Shiromani Akali Dal to not do any politics for the peace of Punjab. People of Punjab will never tolerate this,” Punjab Minister said.

Punjab Minister launches bittering attack on Congress over leaving Parliament session

Chandigarh, March 22 (ANI): Amid the high-profile crackdown on the 'fugitive' pro-Khalistani radical leader Amritpal Singh by Punjab Police, political fumes in the Punjab Assembly is showing no signs of dousing. Congress on March 22 questioned that Punjab police are arresting his associates, but why are they failing to arrest Amritpal Singh. Speaking on this matter, Punjab Minister Brahm Shankar Jimpa said that this behaviour of Congress shows their character. "The character of congress came before people, why they are leaving the house and not being able to face it. It is a request to Shiromani Akali Dal to not do any politics for the peace of Punjab. People of Punjab will never tolerate this," Punjab Minister said.

New Delhi, March 22(ANI): Indian boxer Nikhat Zareen won the quarter-finals of Women’s World Boxing Championship against Chuthamat Rakshit of Thailand. While addressing the media persons on March 22, she expressed her happiness over winning the bout and confirming a medal for India.“It was a very close match but I won the match. I am very happy to confirm a medal for my country. Tomorrow I will have a semi-final match,” said Nikhat Zareen.

Anti-India protests by Khalistanis outside the Indian HC in London; Metropolitan police on guard

New Delhi, March 22(ANI): Indian boxer Nikhat Zareen won the quarter-finals of Women's World Boxing Championship against Chuthamat Rakshit of Thailand. While addressing the media persons on March 22, she expressed her happiness over winning the bout and confirming a medal for India."It was a very close match but I won the match. I am very happy to confirm a medal for my country. Tomorrow I will have a semi-final match," said Nikhat Zareen.

Puri (Odisha) March 22 (ANI): West Bengal Chief Minister Mamata Banerjee on March 22 reviewed ‘Bhakta Niwas’ building construction area for West Bengal devotees in Puri. CM Mamata Banerjee is on a three-day visit to Odisha. “Tourists from Bengal come to Odisha. West Bengal devotees in huge numbers visit Odisha and sometimes, they don’t find places to stay and they wander to places. I am grateful that Naveen Ji announced me the State guest. This time we are staying in the Rural development building. I, myself tried to find a room in a hotel but was unable to get it. So, more hotels need to be made in Puri to stay. This is a must thing,” CM Mamata said.

CM Mamata reviews ‘Bhakta Niwas’ building construction area in Odisha

Puri (Odisha) March 22 (ANI): West Bengal Chief Minister Mamata Banerjee on March 22 reviewed 'Bhakta Niwas' building construction area for West Bengal devotees in Puri. CM Mamata Banerjee is on a three-day visit to Odisha. "Tourists from Bengal come to Odisha. West Bengal devotees in huge numbers visit Odisha and sometimes, they don't find places to stay and they wander to places. I am grateful that Naveen Ji announced me the State guest. This time we are staying in the Rural development building. I, myself tried to find a room in a hotel but was unable to get it. So, more hotels need to be made in Puri to stay. This is a must thing," CM Mamata said.

CM Mamata reviews 'Bhakta Niwas' building construction area in Odisha

New Delhi, Mar 22 (ANI): In view of the recent surge in COVID cases in the country, Prime Minister Narendra Modi will hold a high-level meeting today to review the Covid-related situation and public health preparedness. India recorded 1,134 new cases recorded in the last 24 hours, with the active caseload currently at 7,026, stated the Ministry of Health and Family Welfare. Earlier on Tuesday, the national capital recorded one Covid death and 83 fresh cases amid the rising Covid-19 cases in neighbouring Maharashtra. On March 19, the Ministry of Health and Family Welfare also issued revised guidelines for Covid-19 in the wake of the surge of cases.

PM Modi chairs high-level meeting to review COVID-related situation

New Delhi, March 22 (ANI): On March 22, Delhi Chief Minister Arvind Kejriwal promised that the Aam Aadmi Party government will clean the Yamuna river and that he will take a dip in it ahead of the next Assembly elections. Addressing the media persons, Kejriwal said that the government has prepared a six-point action plan to clean the Yamuna river. "A 6-point action plan has been formed to clean Yamuna...Before the next election in 2025, I will take a dip with you in Yamuna. The three landfills (in Delhi) will be cleared by December 2024,” he said.

“Will clean Yamuna before 2025 election, will take dip…” Kejriwal’s promise for 2025 Delhi polls

New Delhi, March 22 (ANI): On March 22, Delhi Chief Minister Arvind Kejriwal promised that the Aam Aadmi Party government will clean the Yamuna river and that he will take a dip in it ahead of the next Assembly elections. Addressing the media persons, Kejriwal said that the government has prepared a six-point action plan to clean the Yamuna river. "A 6-point action plan has been formed to clean Yamuna...Before the next election in 2025, I will take a dip with you in Yamuna. The three landfills (in Delhi) will be cleared by December 2024," he said.

"Will clean Yamuna before 2025 election, will take dip…" Kejriwal's promise for 2025 Delhi polls

Jaipur (Rajasthan), 22 March (ANI):  Chief Minister Ashok Gehlot inaugurated the Rajasthan International Expo at Boranada in Jodhpur. On this occasion, the Chief Minister honoured 20 exporters who have bagged Rajasthan Export Award-2021 for remarkable work in the field of exports. During the expo, the Chief Minister said that due to the excellent industrial policies and programs of the state government, export and investment have increased in Rajasthan. The export of 50 thousand crore rupees done in the year 2022-23 is the result of the efficient management of the state government.Along with this, the Chief Minister said that the MSME policy has been implemented by the government in the state. Due to this, more than 16 thousand industrial units have been established in the state so far. Under the MSME Establishment and Facilitation Act, no government permission is required for 5 years to start an industry in the state. This provision made by the government has increased the number of s

Chief Minister Ashok Gehlot inaugurates Rajasthan International Expo

Rajasthan has best environment for investment and export: CM Gehlot

New Delhi, March 22(ANI): TMC Leader Dola Sen on March 22, reacted to Kailash Vijayvargiya’s remark on post-partition India. She said Kailash Vijayvargiya does not know the true meaning of India. She also said that there was no predecessor of the BJP in the freedom movement. While speaking to ANI, Dola Sen said “There was no predecessor of the BJP in the freedom movement. Whoever went to jail, wrote letters apologising and came out. He (Kailash Vijayvargiya) does not know the true meaning of India.”

Dola Sen condemns Kailash Vijayvargiya’s remark, says there was no BJP during freedom movement

New Delhi, March 22(ANI): TMC Leader Dola Sen on March 22, reacted to Kailash Vijayvargiya's remark on post-partition India. She said Kailash Vijayvargiya does not know the true meaning of India. She also said that there was no predecessor of the BJP in the freedom movement. While speaking to ANI, Dola Sen said "There was no predecessor of the BJP in the freedom movement. Whoever went to jail, wrote letters apologising and came out. He (Kailash Vijayvargiya) does not know the true meaning of India."

Dola Sen condemns Kailash Vijayvargiya's remark, says there was no BJP during freedom movement

New Delhi, March 22 (ANI): Indian Boxer Nitu Ghanghas assured India a medal after reaching semifinals in Women's World Boxing Championship 2023. Confident pugilist said that she wants to win the gold medal. "My performance today bodes well for the coming matches as well. I played watching, and I took an aggressive approach in the end. I want to win the gold medal," she said.

Indian Boxer Nitu Ghanghas eyes gold after winning quarterfinals in Women’s Boxing World C’ships

Indian Boxer Nitu Ghanghas eyes gold after winning quarterfinals in Women's Boxing World C'ships

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