Square Yards targets Gross Traction Value $600 mn from international business

By Rohit Sharma UAE: Square Yards, is targeting Gross Transaction Value of $600 million from its international business in 2019 and plans to set up operations in Saudi Arabia by this year, the company said in the statement. The company recently announced its expansion in the Gulf region with two new offices in Kuwait

RBI lowers repo rate by 25 bps to 6%

By Rohit Sharma NEW DELHI: Reserve Bank of India’s Monetary Policy Committee (MPC) today decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.0 per cent from 6.25 per cent. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and

Real Estate projects should have inbuilt sports Infra to create future Olympians: Mary Kom

By Rohit Sharma NOIDA: Ace Olympian boxer Mary Kom on Sunday said Indian real estate sector should have in-built sports infrastructure in housing projects to create a perfect platform for young athletes. She was speaking at the unveiling of Boxing Ring for kids at Happy Trails project by ATS HomeKraft in Greater Noida

ReNew Power Secures $350 Million Debt Funding from OPIC

By Rohit Sharma NEW DELHI ReNew Power Limited, today announced that it has secured fresh debt financing of up to USD 350 million from the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution. This follows an earlier round of financing when OPIC had granted a loan of USD 250 million to ReNew Power

RBI reduces repo rate by 25 basis points to 6.25%

By Rohit Sharma NEW DELHI: The Reserve Bank of India’s Monetary Policy Committee (MPC) Thursday reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent. The MPC also decided to change the monetary policy stance from calibrated tightening to neutral. Repo

Arvind announce JV with Polser for construction industry materials

By Rohit Sharma Arvind Ltd on Wednesday has entered into a joint venture (JV) with Polser AS (Turkey) – a global leader in laminated composite panels – for manufacturing corrugated and plain fibreglass sheets to serve the construction industry in India and abroad. The joint venture combines Polser’s world-class technological prowess with the

New Chapter: housing societies can conduct elections if less than 200 members

By Rohit Sharma MUMBAI: Now, the housing society can self-conduct elections of the committee if the society has less than or up to 200 Members, according to Maharashtra Co-operative Societies (Third Amendment) Act, 2018. “The Governor of Maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate action further