Tuesday , 20 August 2019
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Author Archives: Loknath Das

Real estate may be a safer bet than equities

When you meet a financial planner, one advice that you are most likely to receive is to stay away from real estate and instead invest in financial assets (stocks and bonds), which are likely to fetch you better returns over the long run. Such advice is based on a body of research which suggests that equities typically outperform most asset ... Read More »

How The Finance Prof Who Discovered The ‘Inverted Yield Curve’ Explains It To Grandma

NEW YORK, NEW YORK – AUGUST 14: A board displays the closing numbers on the floor of the New York Stock Exchange (NYSE) on August 14, 2019 in New York City. Following news of an economic slowdown in both Germany and China, concerns over a recession GETTY IMAGES On the morning of Wednesday, August 14, an unusual event took place ... Read More »

Ujjivan Small Finance Bank files draft papers for ₹1,200 crore IPO

NEW DELHI: Ujjivan Small Finance Bank has filed draft prospectus for ₹1,200 crore initial public offer with market regulator Securities and Exchange Board of India (Sebi). The bank is proposing to undertake an initial public offering of equity shares of face value of ₹10 each, comprising a fresh issue of shares aggregating up to ₹12,000 million ( ₹1,200 crore) in accordance with the Companies Act, 2013, ... Read More »

Finance ministry may consult Law ministry on FPI surcharge

NEW DELHI: The finance ministry may soon consult the law ministry on how best to provide relief to foreign portfolio investors (FPIs) from the super-rich surcharge that was announced in the July 5 budget. The government is exploring various options and the one considered most effective and legally feasible will be taken up, said people with knowledge of the matter. ... Read More »

The urgent case for green finance

Mumbai: A silent revolution is taking place, one which we cannot ignore. Climate change has been thrust into the foreground of the public consciousness and institutional investors are under pressure to act. This year’s annual general meeting of BP Plc signalled this shift quite unabashedly. While protesters lined the streets outside, a number of institutional investors, including Aviva Investors and Hermes Investment Management, ... Read More »

Address concerns, provide stimulus: Market players to Finance Minister

NEW DELHI: A rollback of the super-rich tax surcharge, removal of long-term capital gains tax (LTCG) on shares and tax policy certainty topped the wish list of market participants, including foreign portfolio investors (FPIs). They also sought a fiscal stimulus from the government to rev up the slowing economy at a meeting with finance minister Nirmala Sitharaman that she had called on ... Read More »

As Real Estate Firms Go Bust, Supreme Court Upholds Homebuyers’ Rights

A series of economic shocks dented property-market sentiment and caused funding for developers to dry up The Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as several real estate firms are going bust in Asia’s third-largest economy. Once a homebuyer establishes default before a bankruptcy court, the onus is on builders to prove that ... Read More »

Mid-income realty demand unlikely to look up: Real estate developers

BENGALURU: Real estate developers said the Reserve Bank of India’s decision to cut its benchmark repo rate will boost demand for affordable housing but will not significantly improve the buyer sentiment in the mid-income segment. RBI on Wednesday cut its repo rate by 35 basis points to 5.40%, its fourth rate cut in a row. “For real estate, a rate cut of 35 bps ... Read More »

Article 370: Jammu & Kashmir real estate market may take time to pick up pace

Rumour mills churn fast. As soon as the resolution to revoke Article 370 from the Indian Constitution was moved, advertisements on some social media sites offered land for sale in Srinagar. They were fake. Yes, Jammu & Kashmir (J&K) will be like any other Indian state or union territory now where anyone can buy property. But that does not mean ... Read More »

Article 35A scrapped: Can outsiders now invest in J&K real estate?

The Narendra Modi government on Monday scrapped Article 370 and Article 35A of the Indian Constitution which gave “special status” to the state of Jammu and Kashmir (J&K). After the announcement, the state has now been bifurcated into two union territories. Now that Article 35A has been revoked (a law that debarred non-residents from buying properties), will it open doors for non-Kashmiris and outsiders ... Read More »