Retail inflation eases in April, IIP rises in March
May 13, 2021
CPI down on cheaper food items; industrial growth up mainly on base effect
There was some cheer on the economy front on Wednesday with the retail inflation dipping to a three-month low of 4.3 per cent in April and industrial production growing 22.4 per cent in March.
Mainly a base effect phenomenon, the lower inflation is unlikely to lead to interest rate cuts in the near future. The RBI’s Monetary Policy Committee (MPC) is to meet next month to discuss the policy rate. As the Covid second wave induced uncertainty is high and the inflation is expected to be around 5 per cent during first six months of the current fiscal year, the MPC is likely to be on the pause mode, with an accommodative stance.
Private equities invest $4 billion in Indian real estate sanantoniopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sanantoniopost.com Daily Mail and Mail on Sunday newspapers.
Private equities invest $4 billion in Indian real estate: Knight Frank ANI | Updated: Jan 21, 2021 14:28 IST
Mumbai (Maharashtra) [India], Jan 21 (ANI): India s real estate sector attracted private equity investments to the tune of 3.82 billion dollars in the calendar year 2020, Knight Frank India said on Thursday.
Of the total PE investment, the residential sector claimed 11 per cent share with four billion dollars, closing 21 deals during the year.
The share of office PE investments jumped remarkably over the last decade from 24 per cent in 2011 to 62 per cent in 2020, and of warehousing from 6 per cent to 24 per cent during the same period. Despite a slowdown in overall PE investment, we continue to witness a strong investor appetite for rent yielding office assets, said Shishir Baijal, Chairman and Managing Director of Knight Frank India.
India s industrial production activity decelerated by 1.9 per cent in November 2020 on a year-on-year (YoY) basis, according to data from the Ministry of Statistics and Programme Implementation.The factory output in the country had grown at 3.6 .
Shares of real estate companies were in focus, surging by up to 7 per cent, on the BSE in the early morning trade on Thursday after the Maharashtra government on Wednesday slashed premiums and levies charged on construction by 50 per cent till December 31 2021. The move is expected to give a boost to the real estate sector in the state. Following the development, shares of Sobha, Indiabulls Real Estate, Sunteck Realty, Oberoi Realty and Godrej Properties rallied between 5 per cent and 7 per cent on the BSE in the intra-day trade. At 09:27 am, the S&P BSE Realty index, the top gainer among sectoral indices, was up 2.8 per cent as compared to a 0.57-per cent rise in the S&P BSE Sensex. The realty index hit 52-week high of 2,607 in the intra-day trade today.