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emerging investment instruments, Sebi is looking to bring in norms for follow-on offers by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). REITs and InvITs were introduced in India to provide investors with an opportunity to gain exposure to real estate and infrastructure projects respectively, with diversification of risks through pooling arrangements. Generally, REITs invest majorly in completed and rent-generating real estate assets. Privately placed InvITs can invest in under-construction assets as well as completed and revenue-generating assets and public InvITs can invest majorly in completed and revenue-generating assets. «Taking cognizance of the potential of REITs and InvITs in driving the future of Indian infrastructure, Sebi would endeavour to further develop the market for REITs and InvITs in the coming years through policy measures including considering bringing in norms for follow-on offers by REITs and InvITs,» Sebi said in its annual report for 2022-23.Krishnan S Iyer, CEO, of NDR InvIT Managers, said given the capital requirements needed for the growth of infrastructure, it is very important that both domestic institutions, mutual funds, and of course retail investors increasingly participated in it. «These are well structured, regulated, and transparent vehicles that give them an avenue for developing a perpetual stream of cash flows, » Iyer added.

Finance Commission, that gives suggestions on Centre-state financial relations, may be constituted by November end this year, PTI reported on Saturday citing Finance Secretary T V Somanathan. As part of its many functions, the commission suggests the ratio in which tax is to be divided between the Centre and states for five years, beginning April 1, 2026. «The Finance Commission is expected to be constituted by end of November because that's the statutory requirement,» he told PTI in an interview.

Women’s sport will get a $200 million funding injection from the federal government, as Prime Minister Anthony Albanese moves to capitalise on Matildas fever stemming from the World Cup.

World mosquito day 2023: Mosquitoes continue to trouble us throughout the year. However, it is during the monsoon, that these tiny buzzing insects grow rapidly and can cause serious diseases like Malaria, Chickengunia and Dengue. Here is the list of top mosquito-borne diseases people can contract.

Kotak Mahindra Bank's chairman Prakash Apte on Saturday said the attrition challenge for the bank is concentrated at the junior management level. Addressing shareholders, Apte also marked out pursuing inorganic growth opportunities as a strategic driver for the bank going ahead. The private sector lender has seen one of the sharpest spikes in attrition among peers, as the banking industry grapples with the problem of employee churn.

A Japanese town says it has agreed to a geological study to determine its suitability as an interim storage site for spent nuclear fuel

Public health advocates say Georgia appears to be doing little to promote its new Medicaid plan or enroll people in it

₹400 crore alternate investment fund (AIF) to acquire commercial real estate. BHIVE launched its new co-working-focused ₹400 crore CAT-2 AIF, the firm said in a statement. The newly launched fund will acquire commercial real estate properties at prime locations with clear titles and occupancy certificates.

NLB Services recently conducted a survey of 1,500 GCCs in India. About 79% of the GCCs surveyed stated that they were looking to augment or add to their talent pool, and 8% said they were looking to double the workforce in 2023. This, according to their estimates, could create about 3.64 lakh jobs.

banks in the government securities (g-secs) banks by diversification and encouraging non bank participants such as insurance companies, pension and provident funds helped in lowering borrowing costs for the government a study by the Reserve Bank economists shows «Scenario analysis indicates shallower increase in borrowing costs when non-banks absorb all new government debt compared to when it is absorbed entirely by banks, highlighting that RBI’s continued efforts to diversify the investor pool for G-Secs are well calibrated» said a research paper by Reserve Bank economists Amit Pawar, Mayank Gupta, Abhinandan Borad, Subrat Kumar Seet and Deba Prasad Rath published in the central bank's latest monthly bulletin. The authors are from the Department of Economic and Policy Research.

Binance Labs, the venture capital and incubation arm of Binance, has announced its investment in four top-performing projects from the sixth season of its Most Valuable Builder (MVB) program. The announcement was made on Binance's official blog, and the investment is aimed at growing the BNB Chain ecosystem.

Provident Housing Limited, a wholly-owned subsidiary of the Puravankara Group, plans to invest over Rs 3800 crore to develop a 5.8 mn sq ft residential project over the next four years, with a focus on sustainable living as it embarks on the next phase of growth. The firm will launch its first project Provident Ecopolitan with an investment of over Rs 450 crore, located in Aerospace Park in North Bengaluru. The proposed project has 956 apartments in 1, 2 and 3 BHK configurations ranging from 625 sq.

₹988 on the back of robust Q1 results by corporates that could support overall bullish economic outlook for India. “We raise our FY24E Nifty EPS by 2.5% to ₹988 (earlier: ₹964) due to notable earnings upgrades in Tata Motors, JSW Steel, Bharti Airtel, SBI, and Kotak Mahindra Bank. We now expect the Nifty EPS to grow ~22% and 16% YoY in FY24 and FY25," Motilal Oswal said in a report.

Air India and Vistara merger later this year, Tata group has asked some of Air India's Boeing 787 pilots to fly Vistara's B787 planes, said three people with knowledge of the matter. The move, they said, marks the first instance of integration of the group's airline businesses and is aimed at creating a common pool of resources to foster synergies. The pilots will only move once the merger gets an approval from the Competition Commission of India (CCI).

Wipro on Wednesday said it has launched a centre of excellence on generative artificial intelligence in partnership with the Indian Institute of Technology, Delhi. Set up on the premises of the Yardi School of Artificial Intelligence at IIT Delhi, the Centre Of Excellence (CoE) will support applied research in generative AI, according to a statement.

In a magnificent display, leading decentralized liquidity and trading protocol THORhain (RUNE) has blasted up a shocking +60% - yet, as traders race to get in on the action, many are asking is it too late to buy THORChain?

Relative Strength Index (RSI), a potent indicator that unveils more than just numbers – it offers a window into the market's sentiment and dynamics. In this article, we navigate through stocks that might defy expectations – residing in the overbought zone but showcasing a bearish RSI trend. The RSI is a technical indicator that quantifies the speed and magnitude of price movements.

coworking firm BHIVE plans to raise Rs 400 crore coworking-focused CAT-2 alternative investment fund (AIF) to fuel its growth. The proposed new fund will acquire fully completed commercial real estate properties at prime locations with clear titles and occupancy certificates and a capex of a set. Over the past year, BHIVE has solidified its position as the largest co-working operator in Bengaluru, closing transactions upwards of Rs 200 crore.

Kumar Saurav will be spearheading the strategic division of the company as the chief strategic officer (CSO). Kumar joined AdCounty Media in 2018 as the global mobile business head with a vision to propel the company to worldwide recognition and nurture a culture that fosters excellence.

Pact Group’s bruising share price slide over the past two years, which cut the value of Rich Lister Raphael Geminder’s 49 per cent stake in the packaging company by $1.3 billion, partially reversed on Wednesday after a $160 million asset sale.

Listed packaging solutions business Pact Group Holdings has sold half of its crate pooling business to infrastructure investor Morrison & Co for a $380 million enterprise valuation.