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Parsvnath Developers won the bid for 38 acres of prime railway land in Delhi for Rs. 1,651.51 crore, outbidding Indiabulls. The company plans to develop luxury housing, commercial, hotel and civic amenities on the land. India and Canada have started negotiations for a comprehensive economic partnership agreement to increase bilateral trade beyond the current $4.2 billion in the next five years. Ajit Isaac acquired Hyderabad-based tech staffing firm Magna Infotech for Rs. 100 crore to benefit from growing demand for contracted software programmers. Australia overhauled its skilled migration test to favor applicants with higher skills, work experience and English proficiency.
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The document provides an overview of the real estate industry in India. It discusses that the Indian real estate sector is the second largest employer in India and is expected to grow at 30% over the next decade. It includes subsectors like housing, retail, hospitality, and commercial. The government has initiated policies like the Sardar Patel Urban Housing Mission to develop 30 million houses by 2022. The real estate market size is expected to reach $180 billion by 2020. CREDAI is the main regulatory body for the real estate sector in India.
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1) The IMF working paper found that heightened policy uncertainty in India has had a pronounced link to the decline in new investments and rise in postponed or cancelled investments. Financing costs do not appear to be a critical factor. In the short term, lowering interest rates may provide some relief.
2) ACC plans to invest Rs. 360 crore to install waste heat recovery systems at four cement plants after successfully commissioning a 9 MW system at its Gagal plant, which is expected to save Rs. 22 crore annually.
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2) Government initiatives such as Housing for All and the relaxation of FDI norms are boosting investments in the sector. Private equity investments in real estate reached $3.37 billion between January-October 2018.
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1) The real estate sector in India is expected to reach US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13% to the country's GDP by 2025.
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India won four gold medals in the Commonwealth Games but fell to second place behind England in the overall medals table. The new chief of SKS Microfinance was barred from making major decisions related to the controversial firing of his predecessor. Auto maker Mahindra & Mahindra said due diligence on acquiring South Korean company SsangYong Motor is almost complete and a draft agreement will be ready by end of the month.
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The document provides an overview of the Indian real estate sector. Some key points:
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2) Rapid urbanization is driving demand, with the urban population projected to reach 543 million by 2025. Over 70% of India's GDP will come from urban areas by 2020.
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Summer training project
Ralson is India's largest bicycle tyre manufacturer. It produces 1.25 lakh bicycle tyres and 1.5 lakh tubes per day. The document analyzes Ralson's marketing mix, including its distribution network, pricing strategy, and promotional activities. It also summarizes the findings of a study on dealers' perceptions of Ralson's auto products compared to competitors like MRF and Dunlop. The study found that Ralson's brand awareness and dealer network needed improvement.
Weekly news 4
1) Farmers in drought-hit districts in India will receive a diesel subsidy of Rs. 500 per hectare due to unusually heavy monsoon rains.
2) Jet Airways and Kingfisher Airlines maintained the top two positions on the domestic aviation market in India in August 2010.
3) HUL has filed a lawsuit against P&G claiming a Pantene shampoo advertisement disparages HUL's Dove brand.
Weekly news 3
India is expected to hike interest rates again to battle inflation that remains around 10%. Skilled professionals are in high demand as companies face talent shortages. Mukesh and Anil Ambani's groups accounted for over 90% of failed M&A deals this year totaling $27 billion, including Reliance Industries' $14.5 billion bid and Reliance Communications' $10.8 billion tower merger. Food inflation rose to 11.47% while fuel inflation remained at 12.71% according to government data. Mukesh Ambani is forecasted to become the richest man in the world in 2014 with a net worth of $62 billion according to Forbes.
Weekly news 2
1) Maruti Suzuki plans to build a new auto assembly plant in Manesar, India to produce 250,000 vehicles annually and meet growing demand.
2) Rishad Premji, son of Wipro founder Azim Premji, has been appointed Chief Strategy Officer of Wipro and will help chart the company's future strategy.
3) After stepping down as chairman of Tata Sons, Ratan Tata said he is looking forward to the freedom that retirement will bring.
Weekly news
1) Maruti Suzuki plans to build a new auto assembly plant in Manesar, India to produce 250,000 vehicles annually and meet growing demand.
2) Rishad Premji, son of Wipro founder Azim Premji, has been appointed Chief Strategy Officer of Wipro and will help chart the company's future strategy.
3) After stepping down as chairman of Tata Sons, Ratan Tata said he is looking forward to the freedom that retirement will bring.
Weekly news (compiled by: Taranpreet )
ONGC's royalty payments on oil fields in Rajasthan have been reduced, removing an obstacle to the proposed Vedanta-Cairn merger and saving ONGC $350 million annually. The CEO of Tech Mahindra resigned after six years, with the vice-chairman taking over operational responsibilities. Tata Motors signed an agreement with IndusInd Bank for financing passenger vehicles. Air India decided to lower fares on 48 domestic routes by 3-23% to increase its market share.
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Weekly news
- 1. Weekly News (8 th -14 th Nov 2010)