Investment

Retail investors gave good response to offer. The Government of India has disinvested 6.83% of paid up equity in Hindustan Copper Limited through Offer for Sale (OFS), aiming to collect Rs.400 crore. The trading took place on 2nd and 3rd...

Jaitley sees inherent value in impaired assets. Minister Jaitley addressing the Industrialists and Heads of various Chambers, in Chennai on 30 July 2017. The Insolvency and Bankruptcy Code (IBC) framework and Government’s emphasis on resolution represent a unique opportunity for...

Strong Govt support needed for mindset change. A Government Committee for establishing institutional system of arbitration would soon submit its report recommending changes in the system and law, said a retired Judge. “But arbitration in India would only change when...

NAM earmarks Rs.440 crore for medical facilities. The government has approved 39 hospitals, each of 50-bed, from 45 proposals received during 2016-17, said Minister of State for AYUSH (Independent Charge), Shripad Yesso Naik in reply to a question in Lok...

SPV formed for managing station and hotel. Gandhinagar station. The Indian Railway Stations Development Corporation Ltd (IRSDC) and the state Government of Gujarat (GoG) has formed a special purpose vehicle for the re-development of Gandhinagar station. The IRSDC has taken...

Highlights of financing issues. Thirty-one national highways projects have reached financial closure over the last three years amidst challenging financing environment, said Minister of State for Road Transportation and Highways Pon. Radhakrishnan in a written reply to a question in...

DMIC receives Rs.499.86 crore funding. DMIC: work in progress. Commerce and Industry Minister Nirmala Sitharaman has given an update on the industrial corridors being built in the country, with funding status to date. The Delhi Mumbai Industrial Corridor (DMIC) is...

Tax exemption for import of raw materials. Though the 2011 imposition of Minimum Alternative Tax (MAT) had slowed down growth of special economic zones (SEZs), the implementation of Goods and Service Tax (GST) provides good investment opportunities in Indian SEZs,...

SBI expands to project and facility management.   State Bank of India (SBI) has formed a wholly owned subsidiary “SBI Infra Management Solutions Pvt. Ltd.” for providing real estate services to them. The role of the subsidiary is envisaged as...

New regulations to ensure a level playing field. Enigma project. The Tamil Nadu residential real estate sector is all set to experience a tide of changes following the introduction of the regulation and development rules, Colliers International Group Inc said...