Tag: Economic Slowdown

Market awaits policy cues to tide over slowdown

With shrinking industrial production (IIP) numbers for November intensifying fears of a sharper economic slowdown in India, investors are awaiting suitable policy responses. There is an anticipation of second tranche of fiscal sops from the government and additional interest rate cuts by the central bank. In addition to domestic triggers, investors will keep a close […]

IL&FS raises 895 million dollar

Indian private equity firm IL&FS Investment Managers Ltd has raised $895 million for a new realty fund, tapping global investors despite the global financial turmoil and falling property markets. The firm, one of India’s oldest private equity players, is also pulling money together for the first tranche of an Asia infrastructure fund, which it hopes […]

Banks told to assess builders’ fund needs

India‚Äôs troubled realty firms may soon be thrown a lifeline, with the Reserve Bank of India indicating that banks consider providing support to large real estate companies. Recently, the regulator wrote to select banks telling them to assess the financial support given to builders and to finalize a workable solution, a senior banker said. The […]

Package for boosting economic sectors

The government is working on a fresh package of measures to stimulate various sectors of the economy which are facing a slowdown in the wake of the deepening global financial crisis. The stimulus package is to be announced by the end of this week which is being prepared on the directions of Prime Minister Manmohan […]

Meltdown may hit infrastructure projects in Mumbai

The global meltdown is likely to affect infrastructure projects in the city and in the region, sooner than expected. Several infrastructure projects in the state undertaken by the government, its corporations and civic bodies are likely to suffer due to the economic slowdown. The ones, which may be directly affected are the Built Operate and […]

Residential developers offering discounts

Rising property prices and increased interest rates, coupled with a demand-supply mismatch has brought down the overall affordability of residential properties in the country today forcing developers to resort to offering feebies and early bird discounts to arrest fall in sales, according to a recent report. The economic slowdown which has mainly affected suburban and […]

Realty Investors Take Equity Route To Offset Tax Burden

Though the realty sector has been hit by the general economic slowdown, smart property investors, who raked in the moolah when the going was good, made use of the equity markets to reduce the tax they paid on those gains. According to tax consultants, people whose income is derived from other sources, say a salaried […]