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Brookfield to buy Reliance’s Pipeline Infra for `13,000 cr

DNMUM433444 | 3/15/2019 | Author : DNA Money Correspondent | WC :179

Mumbai: Brookfield has announced it will acquire Pipeline Infrastructure Pvt Ltd (PIPL), a Reliance Industries entity, for Rs 13,000 crore through its India Infrastructure Trust (InvIT).
Following the deal, the existing pipeline usage agreement has been reworked with the reserved capacity being reduced to 33 million metric standard cubic metre per day (mmscmd) against the existing 56 mmscmd. Further, any unutilised capacity payment by RIL will be the difference between Rs 500 crore a quarter and actual revenue earned by PIPL, a Brookfield statement said.
As per the deal, Reliance Industries will continue to be entitled to transport gas, either by itself or of any customers, free of cost against any outstanding unutilised capacity p
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Don’t ignore fixed income while building retirement portfolio
DNMUM433679 | 3/20/2019 12:00:00 AM | Author : Ashwin Patni | WC :696

Retirement planning is still a developing field in India. In the older days, retirement planning was not a big concern on two accounts – first many organised jobs offered pensions post retirement, which de-risked individuals from planning themselves
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Sensex up 268 pts, Nifty above 11500
DNMUM433684 | 3/20/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :121

Mumbai: The benchmark equity indices continued with its northbound-journey on Tuesday and soared for seven consecutive days on positive cues and foreign fund inflows.Sensex surged 268.40 points, or 0.70%, finishing at 38363.47 while the 50-share Nift
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Xiaomi sets sights on devices
DNMUM433685 | 3/20/2019 12:00:00 AM | Author : Mansi Taneja | WC :531

New Delhi: Xiaomi India, which has disrupted the mobile phone industry, is now aiming to be one of the top five brands that will change the face of technology in the country.
As India is on the cusp of a technological shift with 4G and internet o
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Clarity emerges on realty GST
DNMUM433688 | 3/20/2019 12:00:00 AM | Author : Edit | WC :228

A month after GST Council slashed tax rates for under-construction flats, the move to approve a transition plan for implementing a new tax structure for real estate will help reduce confusion and avoid operational hassles. The Council has addressed t
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