At least eight investors, including Caisse de dépôt et placement du Québec (CDPQ), Actis LLP and Brookfield Asset Management, have showed initial interest in buying Reliance Infrastructure Ltd’s Delhi electricity distribution businesses, said three people aware of the development. The other potential investors are Greenko Energy Holdings, Enel Group, I Squared Capital, Torrent Power and Wade Capital Group LLC, the Read More

Mumbai: Demand for e-commerce and pharmaceutical services have helped India’s industrial and logistics real estate industry remain the most resilient asset class in the first quarter of 2020, according to a report by JLL on Monday. In the medium term, sectors such as FMCG, e-commerce, pharmaceuticals, and cold storage will see an increased growth and demand for additional warehousing spaces, Read More

New Delhi: The residential real estate sector is poised for a strong comeback as affordability is at the best, says Mohit Malhotra, Managing Director & Chief Executive Officer, Godrej Properties. Speaking to ET Now, he said, “once the economy comes back we will see a very sharp recovery in the residential real estate sector. because affordability is at all-time high. Repo Read More

NEW DELHI: Addressing the nation on April 14, Prime Minister Narendra Modi announced the decision to extend the Coronavirus (COVID-19) lockdown for 19 days till May 3. The extension has prompted medical and engineering students to ask when the National Testing Agency, or NTA, will release the admit cards for National Eligibility cum Entrance Test for Undergraduate (NEET UG) and Read More

Extension of tax holiday under 80IBA till March 31, 2021, is good news for projects under the affordable housing category. The government acknowledges the importance of the real estate sector and its contribution to the GDP of the country. To kick-start the economy, it has initiated various steps to safeguard homebuyers’ interests and revive the sector. So far, most of Read More

Billionaire investor Carl Icahn told CNBC on Friday he expects the U.S. commercial real estate market will crumble, much like the broader housing market collapse of 2008. “You’re going to have this blow up, too, and nobody’s even looking at it,” Icahn said on “Halftime Report.” Icahn said he is shorting the commercial mortgage bond market and it’s his “biggest position by Read More

What happened Many stocks in the tech sector crashed on Thursday as the COVID-19 panic reared its ugly head again. The hardware makers below all plunged at least 10% lower without sharing any bad news of their own: Company Industry Price Change at Market Close Ubiquiti (NYSE:UI) Wireless networking (12.5%) NVIDIA (NASDAQ:NVDA) Graphics processors (12.2%) Corning (NYSE:GLW) Specialty glass & ceramics (11.6%) Broadcom (NASDAQ:AVGO) A broad Read More

As of this writing, nearly 200 people in New York state have tested positive for COVID-19, the novel coronavirus that has rapidly spread across the globe; 36 of those cases are within New York City, with even more people choosing to self-quarantine. The spread of the novel coronavirus has already impacted New Yorkers in ways both small and large: More people are Read More

 People shopping on Oxford Street in London during wet weather – but many more stayed at home. Photograph: Peter Summers/PA The crisis on Britain’s high streets showed no sign of easing during the storm-buffeted month of February, while new figures show the number of retail workers losing their jobs this year is approaching 20,000. Severe rain last month caused a Read More

Auckland central city businesses are reeling from the impact of the coronavirus outbreak; some reporting business dropping by 90 per cent. Restaurants and hospitality businesses are losing about $6 million per week, and the figure is expected to rise, according to the Restaurant Association. Freddy Iskandar, of Waroeing Bali in Atrium Food Court, says his business sales are well down, Read More