Godrej Properties launched a qualified institutional placement to raise funds. The company aims to secure Rs 6,000 crore. It also acquired land in Kolkata. The land will be used for a residential project. The project has a potential revenue of Rs 500 crore. Godrej Properties saw strong sales bookings growth this year.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction