MUMBAI: Liquidity risk is increasing for Indian-based real-estate developers, as non-bank financial institutions (NBFI; including housing finance companies) are shying away from lending to the sector, said Fitch Ratings.Developers that rely on refinancing from NBFIs, particularly those with weak financial profiles, will be affected the most should conditions persist. The availability of unencumbered assets among…
Mumbai: Robust demand for office spaces has pushed commercial property leasing in the first three quarters of 2019 by 30% from a year ago, taking it closer to entire 2018’s performance and making sure that this year surpasses the peak touched last year.Driven by tech corporates — accounting for about a third of the leasing…
Apple Inc. lost an early round in a discrimination lawsuit brought in the U.S. by a female engineer from India who says her two managers — one from her country, the other from Pakistan — treated her as they would in their own countries: as a subservient.The woman’s case in California state court is the…
NEW DELHI: Law Minister and senior BJP leader Ravi Shankar Prasad on Wednesday described the arrest of Republic TV Editor-in-Chief Arnab Goswami as “seriously reprehensible, unwarranted and worrisome.”He also questioned the silence of the Congress leadership when its government in Maharashtra was “blatantly suppressing freedom of press.”Police on Wednesday arrested Goswami in Mumbai for allegedly…
Lenders to Anil Ambani-promoted Reliance Capital are likely to recover just about ₹10,000 crore after the winning bidder, Hinduja Group, declined to significantly improve its offer in the last round of bilateral negotiations that ended on Monday evening, people aware of the development told ET. The recovery, totalling about ₹10,090 crore on factoring in the…
Adani Green Energy is set to seek board approval to raise Rs 6,150 crore ($750 million) to Rs 8,200 crore ($1 billion) through the qualified institutional placement (QIP) route, said people aware of the matter.Two group companies had got approval of their boards for fundraising on May 13 —Adani Enterprises (Rs 12,500 crore) and Adani…
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New Delhi: The Delhi government will recruit 15,000 home guards, taking their total number to 25,000, an official statement said on Wednesday. Delhi LG VK Saxena on Tuesday distributed letters of enrolment to 1669 home guards out of 10,000, for which the recruitment process was started in January, said the statement from the Raj Niwas….
Why the reign of the free market is facing its biggest ever challenge Why the reign of the free market is facing its biggest ever challenge BBC News
What’s happening in Whitehall to try to limit the harm to the UK, perhaps by making a deal with the US, and make the most of any opportunities? What’s happening in Whitehall to try to limit the harm to the UK, perhaps by making a deal with the US, and make the most of any…
