Arka Investment Advisory Services launches its second alternative investment fund, Arka Hreem Real Estate Opportunities Fund, with a target size of Rs 500 crore and a green shoe of Rs 250 crore, focusing on residential real estate in tier I cities, managed by AIASPL and sponsored by Arka Financial Holdings.
Open FlipAs crude prices slump to lows, falling under the key $75 mark, foreign brokerage Investec said domestic OMCs could see record profits, as a result of high marketing margins. Potential government intervention of lowering fuel prices ahead of the Maharashtra state election could potentially hinder these profits. For IOCL and BPCL, Investec maintained its sell call, but bumped up their target prices.
Open FlipThe Rs 1-crore penalty imposed by the Reserve Bank of India (RBI) on HDFC Bank for violating directions related to the engagement of recovery agents, among others, has once put the spotlight on the high-handed tactics that borrowers have to often put up with. In this instance, the banking regulator found that HDFC Bank's recovery agents had contacted customers beyond the stipulated hours.
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