LOGOS invests $800 million in India to progress pan-Asian strategy

With investment commitments from Ivanho Cambridge and QuadReal Property Group, LOGOS India announced today that it would allocate USD 800 million or INR 52.12 billion towards developing high-calibre, modern logistics facilities at targeted cities around India. Earlier this year, LOGOS Group (Australia’s integrated logistics real estate firm) partnered with an Indian firm, Assetz Property Group … Continue reading “LOGOS invests $800 million in India to progress pan-Asian strategy”

ICICI Direct is bullish on BlueDart Express

According to a recent report by ICICI Direct on BlueDart Express, the logistics player’s revenues grew 6% year on year to INR 702.8 crore with 79% of earnings channelled by B2B clients. The company’s utilisation levels for the quarter rose to 83-85% from 80% the last quarter. EBITDA grew 3% year on year, showing signs … Continue reading “ICICI Direct is bullish on BlueDart Express”

UAE to set up $75 billion infrastructure fund for India

Image by: The Economic Times Investors from UAE show keen interest to set up a $75 billion infrastructure fund for India to invest in brownfield projects as they have shorter gestation periods. UAE’s strategic goal is to safeguard and boost both the countries’ status as major trade hubs and key gateways to regional and international … Continue reading “UAE to set up $75 billion infrastructure fund for India”

GST on fuel may delay as government revenues slide

India’s recent economic slowdown has caused the Asian Development Bank to lower India’s expected economic growth rate from 7.4% to 7%. Economists and experts broadly name demonetisation after-effects and GST implementation woes as decelerators, slumping growth across all domestic, consumer-driven markets. India pays a dual tax on fuel, namely a VAT and excise duty. VAT … Continue reading “GST on fuel may delay as government revenues slide”

5 ways to revive the Indian economy

The Indian economy, having to endure two fiscal overhauls in the form of demonetisation and the GST rollout, has hit a three-year downturn. The quarter ending September catalogues steeply decelerated growth at just 5.7%. Although popular votes are cast in the favour of a stimulus, however widening the fiscal deficit could further strain federal revenues … Continue reading “5 ways to revive the Indian economy”