Asian Paints acquired a modular kitchen business in 2013, then a bathroom fittings business in the next year. With Covid striking, the company forayed into hand and surface sanitisers in May and has now announced the launch of floor and toilet cleaners. Is India’s largest decorative paints company innovating through its foray into growth-oriented consumer … Read more
The deal is in the form of structured debt. The investments were made from HDFC Capital Affordable Real Estate Fund (Hcare fund 1 & 2) which has a corpus of $ 1.1 billion. Abu Dhabi sovereign fund ADIA is a key investor in the fund. In the first investment by any private equity fund manager … Read more
Even as COVID-related layoffs and salary cuts ensued across sectors, the Sahara Group on Monday said it has given pay hikes and promotions to its employees. Further, it said that there will be no layoffs of workers from any of its business vertical due to the coronavirus situation. The Sahara Group is also planning to … Read more
Job losses in gulf countries after the Covid-19 spread, falling oil prices, and the security of owning a house in one’s native country are driving the trend, say many developers Business Standard spoke to. From the UAE alone, some 150,000 Indians registered to repatriated, of which 25 per cent cited job losses as a reason … Read more
Mumbai/New Delhi: An interim order by the Delhi high court restraining coercive action against Indiabulls Housing Finance Ltd for its inability to repay bondholders has raised fears among mutual funds that more debtors could take the same course. The Indiabulls counsel cited the Reserve Bank of India’s (RBI) 27 March circular on loan moratorium and … Read more
Mumbai: Ahead of the presentation of the Union Budget 2020-21, largest pure play home financier HDFC on Tuesday pitched for a one-time loan recast for realty projects. Its Chairman Deepak Parekh said lenders are not able to write new loans for projects because a new borrowing by an entity which is already a non performing … Read more
MUMBAI: Country’s largest public sector lender State Bank of India on Wednesday announced a ‘residential builder finance with buyer guarantee’ (RBBG) scheme aimed at giving a push to residential sales and improve homebuyers’ confidence. Under this scheme, the SBI will issue a guarantee for completion of select residential projects to customers which have availed home … Read more
4th note in the series… the last one for calendar year 2019 !
A landmark judgement by Supreme Court in favor of the home buyers. Lot of critical questions have been answered.