A realty fund launched by India's No. 2 listed developer, Unitech Ltd, has raised $300 million from international investors for the firm's projects, a company spokesman said on Thursday."This is the first tranche. Another $300 million will be raised by
Over a year ago, Pradeep Jain, the 43-year-old chairman of Parsvnath Developers Ltd, was gung-ho about the Indian property market. Asked about the slowdown in the property market, Jain countered by wanting to know a single property whose price had
The hiring frenzy that India's booming retail sector witnessed in the last two years appears to be cooling off, particularly at the middle and senior management levels. Recruitment firms suggest that the April-June quarter has seen a slowdown in hiring
FamilyMart Co. , a major Japanese convenience store chain, plans to set up a beverage production company later this month to secure a stable supply of private-brand products, company officials said Friday. The move comes as retailers across Japan are
Electricity sales to large-lot industrial users by 10 major Japanese power suppliers rose 2.2 pct from a year before to a record 25,976 million kilowatt-hours in June, industry data showed Friday. June marked the 35th straight month of increase, the
