The Delhi government is set to launch the registration process for its Pink Card, a lifetime free bus travel pass for women, from mid-October, as a Bhai Dooj gift to the women of the national capital.According to a senior transport department official, the Pink Card will be valid for a lifetime and aims to make […]
Real estate sector: Institutional investors infuse $80 billion since 2010; foreign capital dominates 57% inflows
India’s property market has pulled in almost $80 billion in institutional investments over the past 15 years, highlighting its rise as a favoured asset class for global and local investors, a report by Colliers and CREDAI said.Foreign investors have played the bigger role so far, contributing 57% of the total inflows since 2010. Yet, the […]
India REITs shine: Yields at 6-7.5% beat global peers; $25 billion market cap seen in four years
Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6-7.5 per cent, outpacing many mature global markets, according to a joint report released by CREDAI and ANAROCK Capital. The study, Indian REITs: A Gateway to Institutional Real Estate, was unveiled at CREDAI NATCON in Singapore, as reported by news agency ANI.Since the country’s […]
India-EU FTA: ‘Looking forward to our continued dialogue’ says Goyal; 13th round of talks held in Delhi
India and the European Union (EU) have reiterated their commitment to finalise the long-discussed Free Trade Agreement (FTA), highlighting that a fair and balanced pact would deliver major benefits for people and businesses on both sides.Commerce and industry minister Piyush Goyal hosted European trade commissioner Maros Sefcovic and agriculture and food commissioner Christophe Hansen in […]
US tariff hit: Indian home textile exports set for 5-10% fall; Crisil warns of profitability pressure this fiscal
India’s home textile exporters are set to face a revenue fall of 5-10% this year, along with lower operating profitability, after the United States enforced a steep 50% tariff from 27 August, according to a report by Crisil Ratings. Exports make up nearly three-quarters of the industry’s turnover, making the impact significant.As per news agency […]
US tariffs bite: India’s equities slump as FPI outflows hit $4 billion; rupee dips to record low
The imposition of a 50% tariff hike by the United States on imports from India weighed on domestic financial conditions in August, with equity markets taking the largest hit, according to a Crisil report. The agency said its Financial Conditions Index (FCI) fell to -0.5 in August from -0.4 in July, indicating tighter conditions compared […]
104x: Urban company’s IPO most subscribed offer in India this year
BENGALURU: Urban Company’s IPO was subscribed 103.6 times, making it India’s most subscribed offer this year. The offer drew bids for 1,106.5 crore shares against the 10.6 crore shares on offer. The biggest push came from institutions.The qualified institutional buyers (QIB) portion was subscribed 140.2 times, led by both foreign and domestic funds. Foreign institutional […]
‘I’m a millionaire today’: Oracle’s stock rally mints new millionaires; young techies in India reap windfalls too
Oracle’s stock rally mints new millionaires Oracle’s stock market rally has not only reshaped billionaire rankings but also transformed the fortunes of its workforce. On 10 September, shares in the enterprise software major surged 36%, the biggest one-day jump since 1992, after it unveiled multi-billion-dollar AI cloud deals. The rally lifted Oracle’s market cap to […]
Mizoram’s first railway line: PM Modi inaugurates Rs 8,070 crore worth Bairabi–Sairang project; Rajdhani flagged off to link Aizawl with national network
PM Modi inaugurates Rs 8,070 crore worth Bairabi–Sairang project (Picture credit: PTI) Prime Minister Narendra Modi on Saturday inaugurated Mizoram’s first-ever railway line, the Bairabi–Sairang broad-gauge project, marking a historic moment in the state’s connectivity journey. Built at a cost of Rs 8,070 crore, the 51.38-km line is regarded as one of the most complex […]
India to need 2L staff for EV charging by 2030
BENGALURU: Tata Power inaugurated Mumbai’s first premium MegaCharger hub near the city airport on Tuesday, adding to its 1,000-plus charging points in the city. The facility, developed with Tata Passenger Electric Mobility, features eight fast DC chargers with 16 bays, aiming to cut wait times for private and fleet EV users. However, as infrastructure expands, […]