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Rel Infra to sell Delhi-Agra road for `3,600 crore

DNMUM433443 | 3/15/2019 | Author : DNA Money Correspondent | WC :356

Mumbai: Singapore-based Cube Highways and Infrastructure III Pte Ltd is set to acquire Delhi-Agra Toll Road from Reliance Infrastructure (RInfra) at an enterprise value of Rs 3,609 crore and both have entered into a definitive binding agreement for the same.
Cube Highways and Infrastructure III Pte Ltd has been formed by global infrastructure fund I Squared Capital and a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA).
“The total deal enterprise value is over Rs 3,600 crore. In addition, National Highways Authority of India (NHAI) claims of Rs 1,200 crore to be filed by DA (Delhi-Agra) Toll Road Pvt Ltd will flow directly to Reliance Infrastructure,” RInfra said in a regulatory filing on Thursday.
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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
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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.
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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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