An SP Group spokesperson questioned the timing, pointing out that fundraising was also carried out in January 2020 and that security documents “clearly record that lenders would comply with AoA of Tata Sons” in case pledged shares are enforced. … [Read more...] about Tatas move Supreme Court over pledged shares by SP Group: Report
Brookfield property group
If adopted by the Government of India, the recommendations in the report would have a significant, negative impact on most if not all companies that do business in India, including through mandatory sharing of proprietary data sets with competitors and the government, ITI said in a statement. … [Read more...] about Tech trade group urges India not to accept draft report on non-personal data governance
All eyes are on a meeting that India’s External Affairs Minister S Jaishankar will have with his Chinese counterpart Wang Yi later in the day as the troops of both the countries remain in a tense standoff in eastern Ladakh along the Line of Actual Control (LAC). … [Read more...] about Sensex jumps over 600 points, Nifty closes above 11,400; 4 factors that lifted market
In normal times, owners of large office buildings would typically not entertain a one- or two-year lease extension for a large tenant, said Franklin Wallach, senior managing director of the New York Research Group at Colliers. “They see that new leasing activity has dropped off while the amount of sublet space coming into the market is on the rise, so the average landlord wants to keep the tenant in the building.” … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
The land lease sets out terms for any future sale of the property, letting the homeowner build equity through appreciation in value while ensuring the home remains affordable for future limited-income buyers. This sort of shared-equity model may not appeal to people who can afford open-market housing. But for those otherwise priced out of the housing market, it is an opportunity to build equity and wealth and establish credit and financial stability. … [Read more...] about This old but innovative form of real estate deal could help heal segregated cities