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 banking system is overburdened with non-performing loans. Much of the problem lies in public sector banks, but private sector banks like ICICI and Axis Bank have not been immune. Some of the malaise comes from a general need to improve governance, transparency and incentives in the system. However, the difficulties in even some private […]
The new government, whatever form it takes, should focus on a few key aspects of the economy such as tackling income inequality on a priority basis, cleaning up bank balance sheets rather than delaying the clean-up, being more fiscally disciplined, and being more accountable for the revenue projections made in a year, according to noted […]
Industrial growth slowed in February to 0.1%, driven by an across the board slowdown, especially in key sectors such as manufacturing, mining, capital goods, and infrastructure, according to official data released on Friday. A separate data release showed that retail inflation quickened in March to 2.86% from 2.57% in February, driven in large part by […]