Indian Real Estate Investment Trusts (REITs) are generating an average yield of 6-7.5 per cent for unitholders, better than many mature markets, including the US, according to a report by CREDAI and Anarock. Illustration: Dominic Xavier/Rediff CREDAI, the apex body
India’s forex reserves jumped $4.04 billion to $698.27 billion during the week ended September 5 on the back of a sizeable increase in value of gold reserves, the RBI data said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting
The initial public offer of app-based beauty and home services platform Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the last day of bidding on Friday. Illustration: Dominic Xavier/Rediff The Rs
Retail inflation in August rose slightly to 2.07 per cent from 1.61 per cent in the preceding month, mainly due to increase in prices of vegetables, meat and fish, according to a government data released on Friday. Photograph: ANI Photo
‘In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.’ Illustrations: Dominic Xavier/Rediff After the Goods and Services Tax Council took the historic
‘Despite assurance from China, none of the companies have received supplies from Chinese sellers.’ IMAGE: The assembly line at the Hyundai Motor India Ltd plant in Kancheepuram district, Tamil Nadu. Photograph: Babu/Reuters Even after China’s assurance to address India’s
India must act decisively to fully leverage the vast opportunities that exist in India for developing the entire rare earth magnet ecosystem, SIAM president Shailesh Chandra said on Thursday. Photograph: Babu/Reuters The government is considering incentives for the production of
Benchmark BSE Sensex climbed 124 points while broader Nifty settled above 25,000 on Thursday, tracking a rally in global peers amid Fed rate cut hopes. Photograph: Hemanshi Kamani/Reuters Rallying for the fourth day in a row, the 30-share Sensex climbed
‘The petrol lobby is very rich and strong.’ IMAGE: Union Minister of Road Transport and Highways Nitin Gadkari addresses the Federation of Automobile Dealers Associations’s Auto Retail Conclave 2025 in New Delhi, September 10, 2025. Photograph: ANI Photo The recent
Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the country is not pursuing any proposal to replace the US dollar as international currency for global trade. Photograph: Dado Ruvic/Reuters “No, certainly not. I think India is not part
