Foreign investors infused $3.1 billion in Indian real estate during January-June 2024, accounting for 65% of total institutional investment. Total institutional investment rose 62% to $4,760 million in January-June 2024 from $2,939 million in the same period last year. The warehousing sector led with a 34% share, followed by residential at 33% and office at 27%.
Open FlipLithium prices have fallen to multi-year lows due to a surplus of the battery material. The market is currently oversupplied, leading to declining prices, and analysts expect prices to continue falling, as there is no indication that the market will rebalance soon. This downturn is expected to have significant financial implications for lithium producers and investors.
Open FlipFino Payments Bank has applied to transition from a payments bank to a small finance bank (SFB) and is awaiting the RBI's response. The bank reported a net profit of Rs 25.21 crore in Q4FY24, up 14.2% year-over-year, and revenue surged 24% to Rs 401.3 crore. Fino Payments Bank is rebooting its technology platform for the transition and plans to partner with large NBFCs for asset products.
Open Flip