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Author Archives: Loknath Das

Co-living: The Future Of Real Estate?

A relatively nascent trend in the real estate world, co-living has been picking up immense interest in the last year. Co-living is a modern take on shared housing, where like-minded individuals can reside in a fully furnished house, specifically designed to create an environment for people to interact and share experiences. For many in India, this trend has caught on ... Read More »

Indiabulls Real Estate to merge certain Embassy Property projects with self

MUMBAI: Realty developer Indiabulls Real Estate has approved merging Bengaluru-based Embassy Property Developments with itself. Apart from bringing its ongoing, completed and planned projects into the company, Embassy is in talks with investors such as Blackstone Group and others to raise up to $200 million before the said merger. This equity investment of $200 million is expected to support the merged entity to expand ... Read More »

Power Finance Corporation, REC merger hits roadblock

NEW DELHI: The proposed merger of RECNSE -2.70 % with state-owned shadow banking firm Power Finance CorporationNSE -2.80 % has hit a roadblock and is not likely to happen in near future as it would violate Reserve Bank norms on the exposure of non-banking financial companies (NBFCs), according to sources. As per the Reserve Bank of India’s (RBI) norms, debt exposure of an NBFC in a project cannot ... Read More »

Finance Ministry puts in place measures to protect prudent commercial decision of bankers

The banks should form a panel headed by General Manager and it should either take decision to pursue the case with timeline or close the file of long pending vigilance cases, she had instructed. With a view to protect prudent commercial decision of bankers, the government has taken a slew of decisions, including doing away with personal responsibilities of MD ... Read More »

Qualcomm expects mobile prices to dip further

NEW DELHI: Qualcomm, the world’s top supplier of mobile phone chips, said smartphone prices in India would continue to come down as handset brands drive volumes through economies of scale and expects the Indian smartphone market to grow at sub-10% levels to reach 160 million units in calendar 2020. Rajen Vagadia, president, Qualcomm India, said smartphones powered by the company’s 600-series chips that were ... Read More »

PNB Housing Finance falls 8% on disappointing Q3 earnings

PNB Housing Finance share price tumbled more than 8 percent intraday on January 24 after the company posted its December quarter numbers. The company has posted 22 percent de-growth in its Q3FY20 net profit at Rs 237 crore versus Rs 303 crore, while NII was up 1.4 percent at Rs 566 crore versus Rs 558 crore, YoY. The company’s revenue was ... Read More »

6 reasons to get AT&T internet

There’s nothing like slow internet at home to bring you down. Knowing that while your neighbors might be enjoying 4K films streaming in multiple rooms, you’re stuck watching a buffering sign as your connection struggles to keep up. Switching internet provider is one of life’s little hacks — people hardly ever do it, even though it generally nets them a ... Read More »

Budget 2020: Bold fiscal measures needed to boost real estate sector

New Delhi: Given the policy reforms undertaken by the government over the last few years, we are hopeful that the upcoming budget will provide a much-needed stimulus to the real estate sector. We expect the budget to push for investment in infrastructure, relax income tax slabs, assist the private sector and announce more measures that will boost the real estate industry. ... Read More »

Real Estate in 2020: Green shoots are too visible to be ignored

I If the real estate industry does well, around 200 other sectors, including steel, cement, paints and bricks among many others, stand to benefit. A look at any unfinished concrete tower scraping the Indian sky is enough to gauge the state of the domestic real estate industry in 2019 — a lot of effort invested into it, but not enough ... Read More »

How Does Indiabulls Real Estate’s (NSE:IBREALEST) P/E Compare To Its Industry, After Its Big Share Price Gain?

It’s really great to see that even after a strong run, Indiabulls Real Estate (NSE:IBREALEST) shares have been powering on, with a gain of 69% in the last thirty days. The full year gain of 21% is pretty reasonable, too. Assuming no other changes, a sharply higher share price makes a stock less attractive to potential buyers. While the market sentiment towards ... Read More »