Come June, Indias capital market is set to raise through primary issues the highest amount of money in any single month. The impact of the mobilisation of nearly Rs 30,000 crore from the two public issues of ICICI Bank and DLF, analysts feel, will be felt in other segments of the market too, leading to strained liquidity.
Real estate giant DLF Ltd has lined up one of the largest primary issues with plans to raise Rs 9,625 crore. The countrys second largest lender ICICI Bank will mop up Rs 20,000 crore in a fresh issue of equity shares. These two will drain the market of its available funds, say analysts.
Sreeshankar R, research head at IL&FS Investsmart, says, The two issues may take away a lot of liquidity from the market.
More : financialexpress.com
Mega share issues may drain liquidity in June
Come June, Indias capital market is set to raise through primary issues the highest amount of money in any single month. The impact of the mobilisation of nearly Rs 30,000 crore from the two public issues of ICICI Bank and DLF, analysts feel, will be felt in other segments of the market too, leading to strained liquidity.
Real estate giant DLF Ltd has lined up one of the largest primary issues with plans to raise Rs 9,625 crore. The countrys second largest lender ICICI Bank will mop up Rs 20,000 crore in a fresh issue of equity shares. These two will drain the market of its available funds, say analysts.
Sreeshankar R, research head at IL&FS Investsmart, says, The two issues may take away a lot of liquidity from the market.
More : financialexpress.com
Mega share issues may drain liquidity
Come June, Indias capital market is set to raise through primary issues the highest amount of money in any single month. The impact of the mobilisation of nearly Rs 30,000 crore from the two public issues of ICICI Bank and DLF, analysts feel, will be felt in other segments of the market too, leading to strained liquidity.
Real estate giant DLF Ltd has lined up one of the largest primary issues with plans to raise Rs 9,625 crore. The countrys second largest lender ICICI Bank will mop up Rs 20,000 crore in a fresh issue of equity shares. These two will drain the market of its available funds, say analysts.
Sreeshankar R, research head at IL&FS Investsmart, says, The two issues may take away a lot of liquidity from the market.
More : financialexpress.com
Jaayadaad plans 600 retail shops at home, abroad
Real estate marketing company Jayadaad.com has plans to redefine realty in the country. It will spend Rs 120 crore over the next two years on a chain of 600 retail outlets across the country and overseas. The company plans to launch 20 such outlets in Punjab and Chandigarh as part of its focus on northern India.
Jayadaad.com has already identified 20 franchisees for this in the region. By June, the company plans to open outlets in Mohali, Panchkula and Chandigarh. Tie-up talks are at an advanced stage for retail outlets in Gurgaon, Hisar and Faridabad, too, according to company spokesman.
He said the company had already spent Rs 30 crore on retail expansion and that, another Rs 90 crore would be invested over the next two-years. At present, we are the sole marketers of the Nitishree and Hansmukhi projects in Punjab and we are about to launch other projects worth Rs 2,000 crore from Jalandhar and nearby areas. We are targeting at least Rs 5,000 crore worth of projects from this state in the near future, he added.
More : financialexpress.com
Haryana launches new scheme to increase Mushroom production
The Haryana Government has launched a new scheme for increase of Mushroom production in four districts of the state and a sum of Rs. 50 lakh has been earmarked to provide subsidy under the scheme during the current financial year. The subsidy would be given 50 per cent upto 1000 trays to per beneficiary.
While stating this here today, a spokesman of the Horticulture Department said that the four districts in which the scheme would be implemented were Kaithal, Jind, Rewari and Mohindergarh. These districts were not being covered under National Horticulture Mission to promoted Mushroom cultivation. The districts which had been covered under National Horticulture Mission for mushroom cultivation included Panchkula, Ambala, Yamunanagar, Karnal, Panipat, Kurukshetra, Sonepat, Rohtak, Gurgaon, Mewat and Faridabad and a grant of 50 per cent was being given to the farmers cultivation of mushroom in these districts.
He said that the total production of Mushroom during the last financial year was 6663 tonnes which had exceeded the target of 6,500 tonnes fixed for the year. The State Government had launched this scheme to motivate the farmers extend the base of Mushroom cultivation to four other districts so as to benefit the farmers of these districts.
More : punjabnewsline.com
Can Gurgaon skew help DLF
The Securities Exchange Board of India (Sebi)s approval to the DLF IPO has realty analysts buzzing with factors that will help or impact the IPO. Property analysts opine that the total land bank of 10,225 acres is highly skewed in favour of Gurgaon (49%), and to some extent Kolkata (23%). Both cities together account for 72% of the companys total land bank in the country. Yet, DLFs presence in a large number of cities goes in its favour.
This is a big concentration in one city considering Gurgaon is a satellite town and it took DLF almost 30 years to develop a 3,000 acre township–DLF city. As a result, with 49% of the total land bank in Gurgaon, DLF becomes susceptible to any adverse development in Gurgaon like change in land-use regulations, zoning laws, taxes, natural calamity and any social or political development that depresses real estate sentiment in Gurgaon, says Sidhartha Gupta, Analyst,
Macquarie Research. Other analysts, however, feel DLFs focus on NCR, Kolkata and Bangalore will bode well for the company as these are high margin locations where significant commercial, retail and residential demand is expected.
More : financialexpress.com
Kalam to present awards to Haryana Gram Panchayats
The President of India Dr. A.P.J. Abdul Kalam will present Nirmal Gram Puruskar to 60 Gram Panchayats of Haryana State at a function to be organised to honour them in New Delhi on May 4.
While giving this information here Thursday, the Haryana Chief Parliamentarty Secretary, Mr. Dharambir Singh said that this prestigious Puruskar was awarded annually by the Government of India to those Panchayats which had done commendable job in the field of complete sanitation coverage and elimination of the practice of answering the call of nature in open space by the people. He said that as many as 769 villages had been selected last year throughout the country for this prestigious award.
The Union Minister of Rural Development Dr. Raghuvansh Prasad Singh and Rural Development Ministers of a number of States would grace the occasion. He said that the State Government was giving top priority to the rural development and most of the budget was being incurred in providing basic amenities in the villages at par with the urban areas.
More : punjabnewsline.com
Centre wont extend fiscal largesse to metro plans
The Centre has decided not to extend any fiscal concession to metro projects. It has, however, suggested the state may share some financial burden with the urban development ministry.
The Group of Ministers (GoM) constituted for metro projects has suggested the Centre not give any subsidy or tax incentives for construction of metro projects across the country. The decision may have an adverse impact on the proposed metro schemes in Mumbai, Hyderabad and Bangalore.
Project costs for further extension of Delhi Metro would also go up. The urban development ministry has suggested the Centre may make a provision in the annual budget to finance metro projects. If the Centre cant give tax exemptions it may always consider extending a one-time subordinate debt, an official in the ministry of urban development said.
More : economictimes.indiatimes.com
Send an E-Mail for Gurgaon Property Enquiry!