Tag: chief executive

For Real Estate Private Equity Fund, LIC Housing Finance Raises Rs 250 Crore

LIC Housing Finance Ltd, the mortgage unit of India’s biggest insurer, has achieved a first close of Rs 250 crore for its maiden real estate private equity fund. Launched late last year, the fund has a target size of Rs 500 crore, with a green shoe option of Rs 250 crore. This provision will allow LIC […]

ICICI Bank of India eyes growth after strong Q4

ICICI Bank, India’s No. 2 lender, posted on Friday a larger-than-expected 31 percent rise in quarterly profit and forecast a higher growth rate for domestic loans and stable asset quality for the coming year. Loan demand in India is expected to pick up after the central bank last week cut its benchmark lending rate for […]

Slowdown in Retail Rental

The real estate consultants Knight Frank India said that apart from some localities of Delhi and Mumbai, the retail rentals in other locations will be sluggish for next two years. Although the number of malls and shop space has tremendously increased, the retail still lags behind commercial and residential property. “Although the outlook looks interesting, […]

Infra Fund of $500 by ICICI Venture

May 12, 2010 The chief executive of India’s ICICI Venture which is the ICICI Bank’s private equity arm announced that they plan an amount of 500 million dollars to be invested in infrastructure projects. This will be launched by July. In an interview, Vishakha Mulye told Reuters that majorly education (and) hospital will be put […]