Bidya Sapam
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Past articles by Bidya:
Second person tests positive for coronavirus in Hyderabad
DSM is located at Raheja Mindspace tech park in the heart of Hyderabad’s IT corridor.Upon noticing some symptoms, the employee quarantined himself effective 28th February → Read More
H&M to bump up presence in smaller cities in India
The company has 47 stores across the country.Last year, it tied up Myntra and Jabong to sell products online → Read More
CCI allows Fab Hotels to join probe against GoIbibo, MakeMyTrip
MakeMyTrip and Goibibo have been accused of alleged anti-competitive practices.MakeMyTrip and Goibibo had earlier told Mint that they comply with principles of competition law → Read More
Mumbai's enhanced nightlife fails to enthuse city's mall owners
Not all Mumbai mall owners are rushing to the idea of opening 24/7 due to concerns over additional costs, manpower and doubts over footfalls late night.Last week, Maharashtra approved its 'Mumbai 24 hour policy' allowing malls, shops and restaurants to open 24 hours and seven days week, if they wish to, from 27 Jan → Read More
'In the new decade, hospitality business cannot ignore digitization'
Here are the five trends that IHCL MD&CEO Puneet Chhatwal says will resonate in the 2020s → Read More
Pallonji realty arm to set up warehousing investment platform
Out of $600 mn, the investment platform plans to deploy around $150 mn within the next two years.Investments into the Indian industrial and warehousing segment is likely to touch $7 billion by 2021. → Read More
Amazon signs agreement to sell Future Group products online
As part of the agreement, Amazon India will become the authorized online sales channel for FRL stores.FRL plans to list on Amazon Prime Now, allowing customers to get food, grocery and general merchandise delivery within two hours in Delhi → Read More
No respite for housing market in 2020, builders pin hope on government sops
Home sales slipped in the latter half of 2019 as consumers held back on discretionary spends amid the overall slowdown in the economy.Sales in the second half of this year declined by 22% over the first six months → Read More
GCPL Q2 net profit down 28% at ₹413.88 crore
Minus exceptional and one-off items, net profit grew 11% year-on-year to ₹384 crore in the reporting quarter.During the September quarter, total income stood at ₹2,656.76 crore, falling a marginal 1% from the year-ago period → Read More
Home sales decline 18% in Q3 2019: Anarock report
Home sales declined due to a ban in subvention schemes and excessive rainfall.Around 55,080 units were sold in the top seven cities — Mumbai Metropolitan Region, National Capital Region, Bengaluru, Pune, Hyderabad, Chennai and Kolkata → Read More
SAT dismisses ITC’s appeal over sale of Leela hotels to Brookfield
Hotel Leelaventure’s voting results show the majority of the shareholders (89.12%) voted in favour of the deal.The sale was approved by Leela’s board in March, but was put on hold following Sebi’s directions over complaints by ITC and LIC → Read More
India Inc welcomes cut in corporate tax
Bringing tax-friendly laws, including reducing corporate tax, have been a long-standing demand of India Inc.The stock market too has given a thumbs up to the announcements → Read More
Maker of Fogg deodorants Vini Cosmetics in talks to raise funds
'We are in talks with several investors,' said Vini Cosmetics founder Darshan Patel.Westbridge Capital plans to pick up an additional 30% stake in Vini Cosmetics → Read More
Stocks of realty firms soar, buoyed by govt steps, consolidation
The BSE Realty Index has jumped 14% this year and 9.4% in the last 6 trading sessions.The top performers in the property pack include leading developers such as Godrej Properties, Prestige Estates Projects and Oberoi Realty → Read More
Sourcing relief for single-brand retail
Norms allow firms to open online shops before setting up a physical store.Swedish furniture retailer IKEA welcomed the move → Read More
New Delhi emerges world's 10th fastest growing residential market: Knight Frank
Residential prices in New Delhi witnessed a growth of 4.4% in the second quarter of 2019.Prices in Bengaluru increased by 2.8%, while Mumbai saw a marginal growth of 0.8% → Read More
IT raids unearth sham transactions worth ₹700 crore by Mumbai-based Hubtown
During the search jewellery worth ₹14 crore have been found, according to the statement.The search spanned across 40 premises of the company in both Mumbai and Pune → Read More
Cash-strapped developers offer barter deals to construction firms
Builders offer unfinished apartments instead of cash to contractors as liquidity crunch hurts both parties.Paradigm Realty has accepted 160 flats instead of cash in Zenith Residences project, Thane → Read More
Finding it difficult to exit some projects, Piramal’s real estate fund seeks extension
Launched in 2013, the fund has a tenure of six years which is extendable by another two years.The group firm said cash flow in a residential project in Pune was hit due to liquidity issues and inability to carry out sales and development activities → Read More
Home sales decline 11% in June quarter; Noida saw sharpest fall
According to the report ‘Real Insight Report’ by PropTiger, home sales fell 11% year-on-year in the nine cities including Mumbai and Bengaluru.Home sales in Noida saw the sharpest decline, falling 56%, followed by Ahmedabad and Bengaluru → Read More