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Jio’s fibre business raising Rs 27,000-crore loan

Jio’s fibre business raising Rs 27,000-crore loan

MUMBAI: Reliance Jio Infocomm’s fibre network unit is raising about Rs 27,000 crore in syndicated loans from a group of banks, three executives aware of the financing plans told ET, as the newly created infrastructure business expands to meet expected demand for its assets from sectors such as power besides telecom and internet services providers. Lenders in [...]

April 16, 2019 Loknath Das Business Comments Off on Jio’s fibre business raising Rs 27,000-crore loan

Motilal Oswal Real Estate achieves second close of realty fund with commitments of Rs 850cr

Motilal Oswal Real Estate achieves second close of realty fund with commitments of Rs 850cr

Motilal OswalNSE 4.26 % Real Estate (MORE), the real estate private equity arm of Motilal Oswal Financial Services, has achieved the second close of its fourth real estate fund – India Realty Excellence Fund IV (IREF IV) – with commitments totalling Rs 850 crore. It has raised funds mainly from high-net-worth individuals and family offices. “We have raised [...]

April 6, 2019 Loknath Das Real Estate Comments Off on Motilal Oswal Real Estate achieves second close of realty fund with commitments of Rs 850cr

Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Tata MotorsNSE 2.17 % Saturday said it has sold its stake in subsidiary TAL Manufacturing Solutions Limited to sister concern TASL for Rs 625 crore for the aerospace business. Tata Motors also said that it has acquired non-aerospace business from TAL Manufacturing Solutions Limited (TAL) for Rs 10 lakh. “…we would like to inform that the Company has [...]

March 31, 2019 Loknath Das Business Comments Off on Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Private equity inflows in real estate at Rs 46,200 crore in 2018; Mumbai records largest share

Private equity inflows in real estate at Rs 46,200 crore in 2018; Mumbai records largest share

Private equity inflows touched Rs 46,268 crore in 2018 with Mumbai recording the largest share of 27 percent of investments among all cities, as per a report by Cushman & Wakefield. Office sector led the investment in flows commanding 46.4 percent of the annual fund flows. Residential segment investments accounted for a 29 percent share of [...]

February 11, 2019 Loknath Das Real Estate Comments Off on Private equity inflows in real estate at Rs 46,200 crore in 2018; Mumbai records largest share

Wealth of top 100 Indians in the real estate sector totals Rs 236,610 crore: Hurun report

Wealth of top 100 Indians in the real estate sector totals Rs 236,610 crore: Hurun report

Richest Indian families The total wealth of top 100 Indians in the real estate sector stood at Rs 236,610 crore – up by 27 percent against 2017, says the GROHE Hurun India Real Estate Rich List 2018. The financial capital of India, Mumbai dominates the list followed by New Delhi and Bengaluru. In Fact, the [...]

November 21, 2018 Loknath Das Real Estate Comments Off on Wealth of top 100 Indians in the real estate sector totals Rs 236,610 crore: Hurun report

iPhone X, MacBooks Now Available With Rs. 10,000 Cashback in ICICI Bank EMI Offer

iPhone X, MacBooks Now Available With Rs. 10,000 Cashback in ICICI Bank EMI Offer

HIGHLIGHTS Cashback of Rs. 5,000 is applicable on iPads and Apple Watch Offer period is March 12-April 15 Maximum of 2 transactions per card is applicable for cashback Apple India has partnered with ICICI Bank to offer cashback of up to Rs. 10,000 on purchase of select iPhone variants, as well as iPad, MacBook, and Apple Watch models. The offer entails a cashback [...]

March 16, 2018 Loknath Das News Comments Off on iPhone X, MacBooks Now Available With Rs. 10,000 Cashback in ICICI Bank EMI Offer

iPhone X With Rs. 10,000 Cashback via Airtel Online Store

iPhone X With Rs. 10,000 Cashback via Airtel Online Store

HIGHLIGHTS iPhone X will be available only for postpaid users via Online Store Citibank credit card payments will fetch Rs. 10,000 cashback There will be no EMI option on buying iPhone X from Airtel Airtel has announced that it will sell the iPhone X to customers via its recently launched online store. However, only postpaid customers of [...]

November 23, 2017 Loknath Das News Comments Off on iPhone X With Rs. 10,000 Cashback via Airtel Online Store

Moto X4 Price in India Starts at Rs. 20,999, Goes on Sale Tonight: Event Highlights

Moto X4 Price in India Starts at Rs. 20,999, Goes on Sale Tonight: Event Highlights

Moto X4 India launch live stream is scheduled to start at 2:30pm IST At the Moto X4 India launch event, the company announced key details such as the variants, price, release date, launch offers, and other availability details of the handset. The smartphone comes in two variants, with the Moto X4 price in India for the 3GB [...]

November 18, 2017 Loknath Das Technology Comments Off on Moto X4 Price in India Starts at Rs. 20,999, Goes on Sale Tonight: Event Highlights

ED finds over Rs 104 crore in BSP account; Mayawati’s brother under scanner

ED finds over Rs 104 crore in BSP account; Mayawati’s brother under scanner

The Eneforcement Directorate on Monday detected cash deposits totalling over Rs.104 crore in an account belonging to the Bahujan Samaj Party and Rs 1.43 crore in an account belonging to party Supremo Mayawati’s brother Anand in a branch of United Bank of India in New Delhi, sources in the Enforcement Directorate said. Officials said the [...]

December 26, 2016 Saheli News Comments Off on ED finds over Rs 104 crore in BSP account; Mayawati’s brother under scanner

New Rs 500 notes with faulty printing valid: RBI

New Rs 500 notes with faulty printing valid: RBI

They were meant to replace the demonetised currency, but some new 500-rupee notes are causing some confusion — because of printing errors.   Apparently, in a rush to go to print, an unspecified number — no one knows exactly how many — of notes of Rs 500 denomination have visible errors.   They have caused [...]

November 25, 2016 Saheli Business Comments Off on New Rs 500 notes with faulty printing valid: RBI

Rs 60,000 is the new Rs 1 lakh in Uttar Pradesh real estate market

Rs 60,000 is the new Rs 1 lakh in Uttar Pradesh real estate market

BAREILLY: Manish Gupta, 33, a software developer based out of Lucknow, has been pestered by calls from real estate+ agents. On the offer was a chance to invest black money in the business. “The offer was 60:40 on the deal. I then learnt that one lakh rupees, comprising Rs 1,000 and Rs 500 notes, will [...]

November 19, 2016 Saheli Real Estate Comments Off on Rs 60,000 is the new Rs 1 lakh in Uttar Pradesh real estate market

Tickets sold using Rs 500, 1000 notes non-refundable, say most airlines

Tickets sold using Rs 500, 1000 notes non-refundable, say most airlines

NEW DELHI: With the government extending use of old Rs 500 and Rs 1,000 notes, among other things, to buy airline tickets from airport counters till Monday midnight, airlines have come out with stringent norms to check misuse of this relaxation. India’s largest domestic airline IndiGo, for instance, tweeted: “Tickets purchased using old Rs 500 [...]

November 12, 2016 Saheli Business Comments Off on Tickets sold using Rs 500, 1000 notes non-refundable, say most airlines