economyabbielindrum5

institutional-investment-in-real-estate-highest-in-q3-in-11-years
economy
Institutional investment in real estate highest in Q3 in 11 years

MUMBAI: Fund inflows from institutional investors reached its peak of Rs 11,212 crore — highest third quarter performance in the past 11 years — indicating the continued momentum in private equity investments in the Indian real estate sector.The investment volume increased 9 per cent from a year ago in the first three quarters of 2018…

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allow-tax-free-bonds-to-refinance-housing-finance-companies-ajay-piramal
economy
Allow tax-free bonds to refinance housing finance companies: Ajay Piramal

MUMBAI: Industrialist Ajay Piramal has called for government intervention to free up lending to non-bank finance companies (NBFCs) by allowing National Housing Bank (NHB) to issue tax-free housing bonds and by providing ‘first-loss’ protection to fund-raising by finance companies. A first-loss cover default guarantee helps to protect the interest of lenders who provide funds to…

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government-promulgates-ordinance-to-amend-companies-law
economy
Government promulgates ordinance to amend Companies law

The government Friday promulgated an ordinance to amend the companies law, a senior official said.While details about the ordinance could not be immediately ascertained, it is believed that amendments mainly pertain to restructuring of corporate offences under the Companies Act, 2013.The proposal to issue an ordinance to amend the Act was cleared by the Cabinet…

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