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PVR INOX to close 70 non-performing screens in FY25, plan monetisation of real estate assets

The company will add 120 new screens in FY25 and close almost 60-70 non-performing screens, as it c…

PTI   


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India’s ‘wealth wave’ and the stocks that are poised to gain from it

Indians are saving better, if not saving more. A lot of Indian savings are being directed to equiti…

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1 min read

Mega tower deal: Brookfield to acquire ATC's India biz for $2 bn enterprise value

Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an…

PTI   


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India’s asset management market set for more star power as big boys jump in

Indian investors will have more choice when it comes to mutual funds with new fund houses setting u…

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Enforcement Directorate conducts searches against Franklin Templeton in Mumbai, Chennai

The Enforcement Directorate is conducting searches at some places linked to asset manager Franklin …

PTI   


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Jio Financial services and BlackRock to form India asset management joint venture

Jio Financial Services Limited (JFS) and BlackRock [ BLK] today announced an agreement to form Jio …

ANI   


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Mahindra Q1 net profit rises 20% at Rs 3,283 crore; revenue at Rs 37,218 crore

The company said it recorded the highest-ever Q1 volumes at around 2.12 lakh units, an increase of …

PTI   


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360 ONE takes controlling stake in Mumbai Angels; two new funds announced

Wealth and asset management firm 360 ONE (previously IIFL Wealth & Asset Management) on Wednesday s…

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Mumbai clocks 12% growth in property registration at 11, 575 units in Jun: Knight Frank

However, the number of registrations in June was lower than in May, when 12,000 units were regis…

PTI   


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Reliance Industries, Brookfield join hands to build green equipment in Australia

Asset management company Brookfield Asset Management signed a Memorandum of Understanding (MoU) wit…

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Blackstone-backed Nexus Select Trust plans to double shopping mall portfolio in 4-5 yrs

The company has no plans to develop greenfield shopping malls. According to sources, Nex…

PTI   


Isabella Jibilian   


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Axis AMC, Tishman Speyer to build sustainable offices in India

Axis Asset Management and New York based Tishman Speyer intend to develop commercial projects acros…

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We stay away from serial fundraisers says this PE firm that just closed its ₹1,000 crore fund

A Mumbai based mid-market private equity fund, Oaks Asset Management, had intended to raise ₹700 cr…

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With 27% rise in coworking rentals in four years, Mumbai leads as the top flexible workspace hub

The flexible workspace dynamics have witnessed significant shifts ever since the pandemic. The sect…

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Foreign investments in alternate real estate assets jump 6X in four years

Indian alternate real estate assets like co-living spaces, data centres and more have been attracti…

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India's forex exchange reserves at over two-year high

The foreign exchange kitty rose for a third straight week to hit an over two-year high.

ANI   


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Mutual fund industry's total assets decline for the second consecutive month

Total assets under management (AUM) for the mutual fund industry declined for the second consecutiv…

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One of the world’s largest property investors is sealing a $1 billion deal in Mumbai. Here are the details

The global investor is looking forward to owning office properties with stable yields in world’s fa…

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Mumbai leads Industrial & Logistics leasing in India with strong absorption growth

Mumbai has emerged as the leading city for Industrial & Logistics (I&L) leasing in India, according…