Alt, the parent company of Property Share, aims to raise Rs 2,800 crore this year. Key initiatives include SM REITs, alternative investments, and UK warehousing. They plan multiple asset listings and new investment ventures, targeting significant growth in their asset management portfolio.
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FDI inflows into India are rising rapidly, driven by interest from investors in the Middle East, Japan, the EU, and the US. This surge is attributed to India's strong market, skilled workforce, and favorable regulations, leading to robust economic growth and job creation.
Equity market movement this week is set to be influenced by macroeconomic data announcements, auto sales data, and foreign investor trading activity. International economic indicators like manufacturing PMI data from China and the US, alongside US jobless claims, will play a crucial role. The weakening rupee and upcoming Q3 corporate earnings will also be closely tracked by investors.
The 2020 tax deferment policy for ESOPs aims to address immediate tax liabilities and financial strain on startups. Despite its potential, applicability is limited to only 3,605 IMB-certified startups. NASSCOM recommends expanding eligibility to all DPIIT-recognized startups to attract talent and reduce employee attrition.
India's domestic aviation industry is set to incur a net loss of Rs 2,000 to Rs 3,000 crore in the coming fiscal years due to ongoing supply chain issues and engine problems. While passenger traffic saw growth, the pace is expected to slow in FY25. International passenger traffic is forecasted to increase by 15-20% in FY25.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 73,000, Nifty50 was above 22,100.
Adani Ports has withdrawn its request for a $553 million loan from the US International Development Finance Corporation (IDFC) for a Sri Lankan port project. Facing US fraud allegations, the company will now self-fund the Colombo West International Terminal development, originally slated to begin operations this month but now expected by early 2025.
The new Income Tax Bill, 2025 aims to simplify language, reduce litigation, and lower compliance burdens. It introduces clearer tax year definitions, removes outdated sections, and allows for lower withholding tax certificates under all TDS/TCS provisions, while also simplifying tax provisions for non-resident shipping and airline companies.
Direct tax collections in India have surged nearly 20% to Rs 20.6 lakh crore for the fiscal year up to January 12, with non-corporate tax outpacing corporation tax. Refunds saw a 42% increase, leading to a 15.9% rise in net collections. Securities transaction tax collections also jumped 75%, as the Centre remains on track to meet its fiscal deficit target.
Mobile phone manufacturers like Foxconn and the Tata group have urged the Indian government to reduce import duties from the US to 0%, fearing business loss to China and Vietnam if reciprocal tariffs are imposed. The companies emphasize an urgent bilateral agreement with the US, highlighting the potential shift in production locations if tariffs increase.
Solar capacity additions in the country will accelerate in the Financial Year (FY) 2026 and FY27, with 85-90 GW of new solar capacity expected to be added during these two years combined, according to a report by SBI Caps.