The Rs 5,000-crore alternate investment fund (AIF) sector is relieved at a favourable ruling by the income tax tribunal. The latter has ruled that a recent circular by the Central Board of Direct Tax (CBDT) cannot be applied retrospectively.
Private equity company Warburg Pincus has invested Rs 1,200 crore in Kalyan Jewellers, a Kerala-based jewellery manufacturing and distributing company, for an undisclosed stake.
Buoyed by the expectation of a steady progressive government, the market sentiment in India is definitely up again. Investors are looking out for opportunities and corporates have more optimism than in the recent past. Accordingly, one can expect a steady uptick in the number of companies who are looking to draw more finance, be in the form of debt or equity.
Businesses leaders in emerging markets are more focused on the sustainability of their operations compared with peers in developed markets, a Grant Thornton report says.
Flipkart, which adopted an online marketplace model in letter a year ago, has now set into motion actions to embrace it in spirit too.
India Inc still seems to be reeling under the pressures of the economic slowdown and policy paralysis that defined the UPA regime. According to a CARE Ratings study on capital expenditure by companies between FY09 and FY14, investments in fixed assets have been on a downward spiral in the last three fiscals.
The government has deferred mandatory reporting of companies’ ‘internal financial controls’ by auditors, from this financial year to the next one.
It’s still early in the day at Phoenix Market City, one of the largest malls in crowded Mumbai. Da Milano, Debenhams, Vera Moda and Samsung have surprising company — a State Bank of India (SBI) branch. And its unlikely location is not the only surprise.
The Indian real estate sector has witnessed a roller coaster ride overthe past two decades. The bullish run during 2007-08 was followed by a decline during the economic slowdown beginning mid-2008. The startling dip in foreign investment into the realty sector bears testament to this tumultuous journey.
Mixed comments by concerned parties over the proposed crowdfunding norms have ruled out the possibility of the Securities and Exchange Board of India (Sebi) coming out with the final guidelines anytime soon. Reluctance to allow crowdfunding via social networking sites, challenges of liquidity, the proposed investment cap on the retail investors and allowing promoters to hold low stake, are some of the issues raised by the market observers.