India’s Auro Realty, the real estate arm of Aurobindo Group which also owns drugmaker Aurobindo Pharma, is planning to raise 20 billion rupees ($225.41 million) through the sale of bonds to fund a key acquisition, two merchant bankers said on Tuesday.Read More
Leasing of office spaces fell 6 per cent across top eight cities during September quarter on lower demand amid global uncertainties, Knight Frank said on Tuesday, but asserted that the full calendar year will see a record absorption of workspaces.Read More
Indian equity benchmarks Sensex and Nifty extended their gains for a fourth consecutive session on Tuesday, driven by strong performance in heavyweight financials. Optimism surrounding the Reserve Bank of India’s new lending reforms and positive corporate updates ahead of September-quarter earnings bolstered market sentiment, with broader markets also advancing.Read More
The Indian rupee closed almost flat on Tuesday. Traders refrained from new bets against the currency. Expectations of upcoming inflows and Reserve Bank of India interventions provided support. The rupee hovered near its recent record low. IPO-related inflows this week may offer some relief. The RBI appears to have established a floor for the rupee around 88.80.Read More
India’s eight major housing markets saw a nominal one per cent increase in sales during the July-September quarter, Knight Frank said on Tuesday, ruling out any signs of slowdown so far but contending that demand for residential properties might be reaching its peak.Read More
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