March 19, 2018
Hollywood lent a whole load of glamour to the ‘prenup’ in 2003 with Intolerable Cruelty. But comic moments aside, ring-fencing business families’ assets is big business in itself today. Pre-nuptial agreements aside, much more needs to be governed by family constitutions and trusts. As business families’ wealth has grown exponentially with the Indian economy, external…
March 19, 2018
MUMBAI: The police have arrested three directors of a private firm as part of ongoing investigations into a bank fraud by Parekh Alluminex Ltd (PAL) against which lenders are now claiming close to Rs 4,000 crore. Bhawarlal Bhandari, Premal Goragandhi and Kamlesh Kanungo were arrested by the economic offences wing on Friday for cheating, forgery,…
March 18, 2018
MUMBAI: Commercial-space leasing that is usually led in India by the technology and related sectors has continued to show resilience and remained positive in 2017, despite a bumpy start to the year. Worries over the impact of Brexit on business from Europe and the radical policy stance of the Trump administration in the US had…
March 18, 2018
MUMBAI: Private equity investments in residential real estate declined almost 29 per cent in 2017 to Rs 15,600 crore as against 2016, mainly due to subdued market sentiment and implementation of various reforms that resulted in delay of home launches, a recent study said. According to a report by property consultant Cushman & Wakefield, PE…