Author: FWM

Jan122024 by FWMNo Comments

India’s Retail Inflation 5.69 per cent in December 2023

CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL, URBAN AND COMBINED FOR THE MONTH OF DECEMBER 202312 JAN 2024 5:30PM by PIB DelhiThe National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of December 2023 (Provisional) in this press note. CPIs for Sub-Groups and Groups for both All India and all States/UTs are also being released.The price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of December...

Jan122024 by FWMNo Comments

Hyderabad registers residential sales of Rs 9497 crores in Oct-Dec quarter; Aparna Construction and Sumadhura Infracon lead in volume and units sold

Business & Finance

Hyderabad, 12th Jan, 2023: In a robust display of economic activity, Hyderabad witnessed a surge in residential sales, recording an impressive 16,808 transactions in Q4, 2023 amounting to a substantial Rs 9497 crores, according to IGR data sourced by Square Yards.Top Developer - Hyderabad (Q4' 2023) - Primary Developer Name Total Sale Value in Cr. No. of Transaction1 Aparna Constructions And Estates 510 6212 Sumadhura Infracon 196 1453 Myscape Properties 153 1154 BSCPL Infrastructure 126 1045 Cyber City Builders and Developers 122 1066 Candeur Developers And Builders 113 1267 Incor Infrastructure 107 908 DSR SSC Builders And Developers 101 499 Sri Aditya Homes 96 5810 Koncept Ambience ...

Jan102024 by FWMNo Comments

About 400-460 mn sq ft of existing Grade A office stock hold investment potential for environmental recalibration

Others

Relatively older buildings (>10 years) of about 300-350 mn sq ft need major overhaul, presenting around INR 360 bn retrofitting potentialRelatively newer buildings (≤10 years) of about 95-110 mn sq ft need minimal capex, presenting INR 20-30 bn E-upgrade potential E-upgrade of existing buildings results in 3-4X net cashflow benefit for developers over remaining asset life Upcoming Grade A office supply of about 160-190 mn sq ft in next three years likely to incorporate sustainable elements from Day-1Bangalore, 10th January 2024:With growing adoption of sustainable elements led by multitude of tangible as well as intangible benefits, existing environmentally non-compliant office stock offers an opportunity to be either E-upgraded or retrofitted. The Colliers' report,...

Jan52024 by FWMNo Comments

Our goal is to double to triple the export of cereals in a year – Minister Cheluvaraya Swamy

Business & Finance, Home Improvement, Lifestyle

Bangalore, JAN,2; The state government has laid special emphasis on organic farming and in the next one year, Karnataka should rank first in the whole country in terms of cereal production and export activity. Agriculture Minister Cheluvaraya Swamy said that our aim is to increase the export volume by two to three times.Addressing an exporters' conference on "Exploration of Global Market for Cereals and its Value Added Products" on the sidelines of the International Cereal Trade Fair to be held at the Palace Grounds for three days from January 5, the Minister said that for the first time in 2017, the Chief Minister Siddaramaiah-led government had held an international conference with greater emphasis on Cereals.Later, he said, as a result of thinking about alternative cropping syst...

Jan42024 by FWMNo Comments

Colliers successfully transacts sale of boutique hotel in Bangalore for prominent hospitality group

Business & Finance

Mumbai, 4th January 2024: Leading diversified real estate services provider, Colliers India, successfully facilitated the sale of a boutique hotel in Bangalore for a well-known hospitality player. The team effectively collaborated with the Asset Reconstruction Company (ARC), Trustee, and the Bank, alongside the buyer and seller to transact the hotel asset spanning 150,000 sq.ft.Focused on meeting the business needs of both parties involved, Colliers India played a pivotal role in providing an exit strategy for the promoters seeking to liquidate the asset and fulfilling the aspirations of the buyers aiming to establish a presence in the bustling metro location. The firm's Capital Markets & Investment Services business recently ventured into the hospitality segment, given the sector'...

Jan32024 by FWMNo Comments

Bengaluru continues to be the most favoured office market, maintains its leadership position; City records a nine-year high in residential sales: Knight Frank India

Business & Finance

Bengaluru accounted for 21% of the total transactions across top eight markets in 2023Average transacted rentals in Bengaluru grew by 6.6% YoY 54,046 residential units sold in 2023 Premium residential units costing >INR 10 mn witnessed an annual growth of 38%Bengaluru, January 3, 2024: Knight Frank India in its latest report, India Real Estate: Residential and Office (July - December 2023) cited that Bengaluru registered office transaction volume of 12.5 mn sq ft in 2023. This is the highest transaction volume recorded amongst the leading eight cities in India.In 2023, despite the moderation in comparison to 2022, Bengaluru registered the second-best office transactions surpassing the 10 – year average of 12.2 mn sq ft. Global Capability Centres (GCC), flex spaces a...

Jan22024 by FWMNo Comments

LuLu Midnight Sale at Bengaluru; Killer Offers on Major Brands

Business & Finance, News, Technology

Bengaluru:Much-anticipated Big Days Sale of the City is now back and bigger, with a flat 50% off on products. Over multiple brands at Lulu Mall Rajaji Nagar and LuLu Daily in Falcon City Mall, ensure a half-price sale on their merchandise. The biggest discount sale will be hosted from January 4th to 7th, and all the LuLu stores will be open until midnight for hassle-free shopping.As it hosts its end-of-season sale, LuLu presents an array of premium fashion brands, electronics, gadgets, household items, and other essentials at unbeatable prices. LuLu Mall Rajajinagar and LuLu Daily are captivating shoppers with exclusive 50% discount on an extensive selection of renowned brands in various categories.This midnight shopping bonanza begins from January 4th to January 7th, ensuring a h...

Dec292023 by FWMNo Comments

Provident Housing Announces Special Discount for Armed Forces Personnel, Veterans

Business & Finance

Friday, December 29, 2023 11:38AM IST (6:08AM GM Bengaluru, Karnataka, India:Provident Housing Limited, a wholly owned subsidiary of Puravankara Limited focused on mid-segment housing, has announced a unique scheme to assist serving and retired armed forces personnel in owning a home. The developer will offer a special discount of 2 percent for eligible armed forces personnel across projects.As of last count, India has around 1.4 million serving personnel and around 2.6 million veterans. This scheme aims to help them own a home in a Provident community. A special commitment by Provident Housing to this effect was handed over to Major General Ravi Murugan, AVSM, General Officer Commanding (GOC), Karnataka and Kerala Sub Area, at a meeting in his office.“We are a forward-looking...

Dec292023 by FWMNo Comments

Surendranagar District Cooperative Bank’s annual profit has reached Rs 7 crore, share capital of Rs 15 crore has become 34 crore, deposits of Rs 53 crore have reached 400 crore and KCC has increased from 226 crore to 448 crore

Business & Finance

Union Home Minister and Minister of Cooperation Amit Shah unveiled the newly constructed building of Surendranagar District Cooperative Bank Limited through video conferencing today Just as Prime Minister Narendra Modi has encouraged cooperatives, in the coming days this Bank will fulfill all the responsibilities towards the cooperative societies of every area in Surendranagar district It was during Modi ji's tenure as the Chief Minister of Gujarat that interest free loans up to Rs 3 lakh were started in GujaratSurendranagar District Cooperative Bank's annual profit has reached Rs 7 crore, share capital of Rs 15 crore has become 34 crore, deposits of Rs 53 crore have reached 400 crore and KCC has increased from 226 crore to 448 croreSurendranagar District Bank has given loans to...

Dec292023 by FWMNo Comments

Five Key Tips to Winning a Life Insurance Appeal

Business & Finance

FORT LAUDERDALE, Fla., Dec. 29, 2023 /PRNewswire/ -- The Law Offices of Jason Turchin, with its extensive experience in life insurance litigation, today shares five essential tips for individuals seeking to win a life insurance appeal. These guidelines are part of the firm's commitment to helping clients navigate the often complex process of challenging a life insurance denial."Dealing with a life insurance denial can be overwhelming, especially during a time of grief," says Jason Turchin, Esq. "Our goal is to empower individuals with the knowledge they need to successfully appeal these decisions."Tip 1: Understand the Reason for DenialCarefully review the denial letter from the insurance company. Understanding the specific reasons for the denial is often crucial in formulating an ...