ASK Property Investment Advisors, the real estate PE arm of ASK Group, will invest ₹326 crore in residential-focussed properties in NCR, Bengaluru and Mumbai. The properties belong to QVC Realty Developers, Tridhaatu Realty and TVS Emerald. The investments are in line with the fund’s strategy of investing in residential-focussed projects in the top five cities, Sunil Rohokale, MD & CEO, ASK group, said.
The Supreme Court’s order on Tuesday quashing the February 12 circular of the RBI has come as a huge breather to the power sector which is staring at 66,000 mega watts (MW) of stressed power assets worth ₹1.8 lakh crore. “[The] SC order has provided great relief to the power sector’s stressed assets. This would […]
The European Central Bank promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory on Thursday, an effort to prop up the ailing euro zone economy that was cheered by financial markets. Coming in the final weeks of ECB President Mario Draghi’s mandate, the moves will increase pressure on […]
In a bid to ease the concerns of foreign portfolio investors (FPIs) over the increased surcharge announced in the Budget, the Finance Ministry is considering “grandfathering” the income earned by them up to the Budget (July), a Ministry official said. Under the proposal, FPIs that are so far structured as trusts will not have to […]