While old A-lister buildings in tony neighbourhoods such as Malabar Hill and Cumballa Hill are still coveted, wealthy families are increasingly gravitating towards new condos that come with coffee shops, padel tennis courts and pools. A new highrise in an old neighbourhood seems to be the headiest combination for those who can afford it in Mumbai’s ever-changing Monopoly board game.
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IRDAI is most likely to give the go-ahead to IndusInd International Holdings Limited's acquisition of Reliance Capital's three insurance companies within a couple of weeks, said people aware of the development. The insurance regulator believes Reliance Capital is a major NBFC going through bankruptcy proceedings, which need to be closed within the time frame prescribed by the court, they said.
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The Vedanta Group is aiming to invest $20 billion across all its businesses in India over the next four years, its Chairman Anil Agarwal said on Wednesday. The group will sell the steel business only at the right price, and is committed to continue running it if it does not get the right price, Agarwal told PTI on the sidelines of a company event.
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