Page 5 - Assets

Reform-oriented governance reason for market outperformance: Mukul Kochhar

In an interview, Kochhar says monetary policy normalisation is a definite risk but India is better placed, thanks to its strong macros

Ensure smooth transfer of assets

To ensure that the nominee becomes the account's beneficial owner in the absence of a Will would require laws to be changed

Monetisation of government assets

Leasing government-owned land would be easier and should be accorded higher priority

US Fed expected to announce tapering asset purchases in November

US Federal Reserve will probably hint at its meeting next week that it is moving toward announcing a reduction in monthly asset purchases in November, according to a Bloomberg survey of economists.

Down the pipeline: India's struggle with asset monetisation

Govt plan to raise Rs 6 trillion by offering roads, railway stations, airports and other assets could be hard to achieve

Centre plans PSU land sale worth more than Rs 600 crore via e-bidding

Parcels worth more than Rs 600 crore may be sold via new platform

Asset monetisation plan gives a bigger role to private operators

When implemented, the entities engaged in cross border trade in merchandise will deal more with private entities managing the ports and airports

Modi govt gifting India's crown jewels to their businessmen friends: Rahul

Congress leader Rahul Gandhi on Tuesday slammed the Centre's move to monetise its assets across key sectors

A new road map

Execution key to making asset monetisation pipeline work

Govt aims to garner Rs 15,000 cr from monetisation of realty, hotel assets

The Centre plans to monetise real estate assets worth an estimated Rs 15,000 crore, including several housing colonies in the national capital and eight ITDC hotels

Under-utilised brownfield assets to be monetised under NMP: Sitharaman

According to Sitharaman, the NMP focuses on brownfield assets in which investments have already been made but these assets are under-utilised.

Uniform guidelines are needed for asset monetisation, say experts

However, experts believe that there should be some safeguards to give comfort to investors as these assets or projects involve risks

IL&FS recovers Rs 33.28 cr via sale of assets, including luxury cars

Infrastructure Leasing and Financial Services (IL&FS) Tuesday said it has recovered Rs 33.28 crore through the sale of various vehicles, including luxury cars, and moveable fixed assets. The identification of these assets started in December 2018 and auctions were conducted in various phases, the group said. It had identified a total of 38 luxury vehicles within the group, which had a purchase price value of Rs 25 lakh and above, a release said. Of these, 34 vehicles were sold and two were surrendered to the leasing company, it said. "The sale (of luxury vehicles) was conducted via public auction and an amount of Rs 7.33 crore was realized," IL&FS said. Two luxury vehicles continue to remain within the group due to loans created on them and could not be sold. The group said 20 other vehicles (cars, two-wheelers, and project vehicles) of various makes were also identified and sold for Rs 65.33 lakh, with the amount duly realised. It also recovered Rs 25.30 crore through auction

Govt prepares portal to speed up Rs 2.5 trn-plus asset monetisation drive

The NMP will serve as a roadmap for asset monetisation of brownfield infra assets across sectors such as roads, railways, aviation, power, oil and gas, and warehousing

Blackstone doubles second quarter earnings on surging asset sales

(Reuters) - Blackstone Group Inc, the world's largest private equity firm, said on Thursday its second quarter distributable earnings nearly doubled year on year driven by a surge in asset sales across its real estate, private equity, credit and insurance businesses.

Treasury arm of finance firms can invest in global assets through IFSC

The treasury can be used to raise credit facilities and equity for group entities from the global markets

Edelweiss Financial plans to slash wholesale book by half to Rs 5,900 crore

Edelweiss has pegged inflows of Rs 3,700 crore in the current financial year (2021-22) and Rs 3,800 crore in FY23.

Banks in better position to manage stress in second Covid-19 wave: RBI

But lenders need to prepare for higher provisioning, monitor asset quality, says RBI

DBS can fund $2 billion for Citi India's assets, Bernstein analysts say

DBS CEO Piyush Gupta had said that he is interested in the U.S. bank's assets that are for sale in India, as well as in China, Taiwan and Indonesia.

Scope for volatility high, follow dynamic asset allocation approach: Expert

Asset allocation schemes best placed for investors to benefit from current market volatility