In the age of the $238 million penthouse sale, as well as one of the slowest luxury markets in years, it takes much more than an online listing and a few glossy ads to move eight- and nine-figure properties. I spoke to two ultra-high-end New York City real estate brokers to find out how they cater to the world’s wealthiest buyers. Zachary Vichinsky Read More

Bengaluru: The real estate sector, which has been struggling with weak demand and stagnant prices for years, has received another blow with the liquidity crisis at non-banking financial companies (NBFCs), one of their last funding sources. Many NBFCs have lost significant market value on growing concerns around asset-liability mismatches and tightening liquidity in the short-term money market, after a series of Read More

In India, Merck’s consumer health business is one of the largest in supplying vitamins, minerals and supplements, with products such as Neurobion, Polybion and Evion. Photo: Bloomberg Mint brings to you your daily dose of top deals reported by newsrooms across the country. NCLT puts ArcelorMittal, Numetal back in the race for Essar Steel The fight for control of bankrupt Essar Read More

No major deals above the value of $300 million happened last month, causing the decline from January, which registered deals worth $3.5 billion. Photo: Mint Mumbai: Private equity (PE) and venture capital (VC) investments in February registered a sharp 60% month-on-month decline to $1.4 billion across 63 deals, due to the absence of any mega deals, says a report. No major Read More

Property buyers and sellers in metros, especially in upmarket localities, won’t need to pay additional tax if the difference between the agreement and stamp duty values of the property is less than 5 per cent. The finance minister has proposed this relief in Budget 2018.At present, if the sale price of a property is lower than the circle rate, the difference is added Read More

Samsung Electronics’ $8 billion purchase of automotive and audio electronics company Harman has given the technology conglomerate confidence to chase more big deals, its strategy chief said on Friday. Young Sohn, the South Korean company’s Silicon Valley-based president and chief strategy officer, said he was keen for world’s top maker of memory chips, smartphones and televisions to expand in automotive markets, digital health Read More

Noble said the gross consideration of the sale would be $1.4 billion and after deducting indebtedness of about $836 million, the cash proceeds would be about $580 million. Photo: Hemant Mishra/Mint Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. Flipkart set to make more acquisitions Armed with over $4 billion in cash, India’s Read More

HIGHLIGHTS Amazon and Flipkart are offering iPhone 7 at Rs. 38,999 MacBook Air can be purchased for Rs. 44,990 Google Pixel is available for Rs. 36,549 after cashback With the Amazon and Flipkart sales in full swing, there are a number of offers you can check out to make big savings this festive season. Both the e-commerce brands are offering great deals on iPhone Read More

A healthy life will be pegged at the lower end of the premium rate band as the mortality risks will be lower, Shubrajit Mukhopadhyay, Chief and Appointed Actuary, Edelweiss Tokio Life, tells Moneycontrol. What are the main factors that go into determining premium rates for an individual’s life insurance policy? Pricing a term insurance product is largely about assessing the risk of Read More

Cloud-based healthcare services company PrescribeWellness is working with Coopharma, a Puerto Rican cooperative of community pharmacies. With PrescribeWellness’s offering, Coopharma will aim to increase medication adherence, patient loyalty and health. “This partnership benefits our member pharmacies and all of their patients,” Heriberto Ortiz Martinez, executive director of Coopharma, said in a statement. “The cost of medication is higher every day, so it is Read More