Friday, August 23, 2019

Latest News

Gurgaon accounts for 31% of unsold inventory in NCR market: Prashant...

  When it comes to unsold housing stock, NCR has been in the ‘limelight’ in recent times. Gurgaon, the Millennium City, tends to be something...

Bolo Indya raises Pre-Series A funding

Bolo Indya is a short form video based knowledge network, allowing users to create, discover and consume content across interest areas in their local...

Investments in real estate grew over threefold during 2014-18: CII-JLL study

Investments have more than tripled to INR 1,400 bn during 2014-18 as compared to INR 465 bn during 2009-13. Institutional investments increased in the last...

India needs to increase its growth in infrastructure: Rajeev Vijay, KFI

Amongst the several infrastructure investments made in the country, the metro rail has been the one with the potential to have a significant impact...

QAD prepares for 5G connected factories

QAD Inc. is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Adaptive ERP for manufacturing supports operational...

Lo! Foods raises seed funding

Lo! Foods raises half a million dollars from angel investors from the Financial and FMCG vertical. Lo! Foods, a Low Carb and Keto friendly range...

JLL partners with Invest India to launch JLL IDEAs

Invest India is the National Investment Promotion and Facilitation agency promoted by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce...

Odisha Government approves INR 2 lakh crore investment proposals

The investment proposals will create employment opportunities for 27,645 people. With the 5T initiative devised by the Odisha Government, where transformation goals will be achieved...

Overall vehicle sales continue to be negative: FADA

July Sales continue to be negative YoY, but positive hope building up for the festive season with monsoon revival, improving liquidity and serious intervention...

HCL signs MoU with MADC for MIHAN campus expansion

HCL started its business operations in Nagpur in April 2018 and already has more than 800 employees servicing global accounts. HCL Technologies (HCL), a leading...

Katerra bags commercial project from Embassy Group

This is Katerra's second project with Embassy Group having earlier built Embassy 7B, a 1.7 million square feet office building in 2018. Katerra, a leading...

Rajesh Tapadia joins Nxtra Data as CEO

Bharti Airtel ("Airtel"), India's largest integrated telecommunications services provider, today said that it has appointed Rajesh Tapadia as Chief Executive Officer of its data...

Srei Equipment NCDs to offer coupon upto 10.65% p.a.

The Tranche 1 Issue opens on August 19, 2019 and closes on September 18, 2019. Srei Equipment Finance Limited ("Srei Equipment"), a wholly-owned subsidiary of...

Staunch forays into IoT retail

  Staunch, one of India’s largest distribution network for online and offline retail, holds expertise in pivotal solutions like export and import solutions, after sales...

Ujjivan Small Finance Bank to raise INR 1200 crore through IPO

Ujjivan has served 4.72 million customers from its 474 banking outlets, which include the 120 unbanked rural centers as of June, 2019. In FY-19,...

Indian entrepreneurs more inclined towards building online presence than global counterparts:...

Cyber-attack is another concern that 21% of the Indian entrepreneurs cited as a potential challenge to their success. GoDaddy, the company that empowers everyday entrepreneurs,...

IndiaMoneyMart strengthens Advisory Board

IndiaMoneyMart, a leading NBFC-P2P startup, proudly announces the joining of two industry veterans Arup K Ganguly and Vridhi Kheria to its advisory board.

Arup K Ganguly, a renowned finance industry expert with 30 years of experience, was associated with Goldman Sachs where he spent over 15 years as an Executive Director.

Vridhi Kheria was an All India Rank holder in chartered accountancy & company secretary exams and also been a partner to a CA firm for the last 18 years.

‘The addition of these members complements our advisory board skills and experiences and we are confident they will provide valuable perspectives as we continue to execute our strategy, drive profitability and enhance value for all our customers’ informed Sangeet Modi, co-founder IndiaMoneyMart.

LANXESS to exit chrome chemicals business

Specialty chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. Both companies signed a respective agreement. The transaction is still subject to approval by the relevant antitrust authorities. LANXESS expects to complete the planned transaction by the end of 2019.

“We have successfully reorganized our chrome chemicals business in recent years. However, it no longer fits in with our strategic focus on specialty chemicals. We are therefore convinced that future growth and the further development of the business can be better implemented under the leadership of Brother Enterprises” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

The chrome chemicals business belongs to the LANXESS Leather business unit and generates annual sales of around EUR 100 million.

Million Sqft Realty forays into Southeast Asia and Europe

Real estate consultancy Million Sqft Realty has announced its foray in the European and South East Asian Markets after establishing a strong foothold in Dubai and London. The brand has partnered with renowned real estate groups like Delsk Group and Leptos Estates to cater to the growing needs and demands of both residential and commercial properties especially in the luxury space in the European and Asian countries.

Abhishek Kulkarni, Chairman and Managing Director of Million Sqft Realty informed ‘With India increasingly seeing new millionaires on the rise, there is surge in the demand for luxurious properties. While Europe tops the lists with premium living conditions, Thailand and Malaysia, with a tourism driven economy are pure investment destinations. ‘

The collaboration with Delsk Group (having a global appeal in the real estate industry) will be activating operations in countries like Greece, Cyprus, Malta, Portugal, Thailand, Ireland and London. Similarly, the association with Leptos Estates, a stellar real estate development Company will further widen the reach and expansion in Cyprus & Greece which are offering attractive residency (EU PR) & citizenship (EU Passport) programs via investment into real estate.

 

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