Govt's Rs 25,000-cr realty fund may see some 'structural challenges'
The special fund announced by the finance minister could face some challenges due to its structuring, said private equity fund managers and consultants Business Standard spoke to. Srini Sriniwasan, managing director at Kotak Investment Advisors, said although the government has the right intentions, the devil is in the detail. “The positive net-worth criteria are a non-starter," he said. Read more
Bharti Airtel bids for RCom spectrum, Jio seeks deadline extension
The Bharti group, through two of its companies, on Tuesday made a conditional bid for the spectrum of Reliance Communications (RCom) even as Reliance Jio asked for an extension of the November 12 deadline to make an offer under insolvency proceedings. Read more
Good days for Britannia Industries amid a slowing consumption environment
While Britannia Industries’ September quarter (Q2) top line fell a tad short of analysts’ expectations, its profit before tax (PBT) beat estimates, helped by a 55 per cent year-on-year (YoY) jump in other income. Read more
Tata Motors global wholesale volume skids 19% to 89,108 units in October
Tata Motors on Tuesday reported 19 per cent decline in global wholesales, including that of Jaguar Land Rover, to 89,108 units in October. The auto major had sold 1,09,597 units in October last year. Read more
Lodha group arranges $325 mn to repay bonds maturing in March 2020
Realty firm Lodha Group has arranged $ 325 million (about Rs 2,300 crore) to repay bonds maturing in March next year through infusion of funds from promoters, sale of commercial properties and refinancing against unsold inventories in London projects, its MD Abhishek Lodha said on Tuesday. Read more
Munjal, Kothari in talks to buy 10% each in Yes Bank
According to sources, Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group are in talks to purchase stakes of 5-10% each in the cash-starved Yes Bank Ltd, reports LiveMint.
Three Months After Govt’s Guarantee Scheme, NBFCs Still Awaiting Funds
The Centre's partial credit guarantee scheme, launched three months ago, to increase the flow of funds to NBFCs remains a non-starter with risk-averse banks hesitating to take the lead and NBFCs unsure of who would bear the cost, reports The Economic Times.