Author: Loknath Das
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Embassy buys 14% in Indiabulls Real Estate in bulk deal

MUMBAI: Embassy Property Developmentson Friday bought an around 14% stake in Indiabulls Real EstateNSE -2.93 % from its promoter through a bulk deal on the stock exchanges. The deal is part of a three-stage transaction under which a Blackstone Group-Embassy alliance will be acquiring Indiabulls group chairman Sameer Gehlaut’s…

Is there value in packaged tours or should you DIY?

If you’re planning your next big vacation, one key decision would be: whether to plan your own itinerary or choose a package offered by a tour operator. Many travellers, especially millennials, prefer to plan on their own. Sushant Satish, 27, a Delhi-based marketing professional, who designed…

This Clothing Line Was Designed By AI

The “little black dress” has been considered a staple in women’s fashion since the designer Coco Chanel popularized it in the 1920s. Since then, it’s seen many iterations, most recently, by machine-learning software developed by two recent MIT graduates, called Glitch. Pinar Yanardag and Emily Salvador met…

Blackstone to buy GLP’s US warehouse assets in largest real estate PE deal

Blackstone Group LP is buying U.S. industrial warehouse assets from Singapore-based logistics provider GLP for $18.7 billion, in what the companies said was the largest private real estate transaction. Blackstone, the world’s largest manager of alternative assets, said on Sunday the overall transaction totaled 179 million…

Kingdom’s giga-projects drive real estate market

By Basil M.K. Al-Ghalayini, Arab News The long-term prospects for Saudi Arabia’s real estate sector remain optimistic, due to various government initiatives aimed at stimulating the market. Most sectors have remained subdued, as highlighted by lower activity in 2018. But the implementation of various urban regeneration initiatives,…

Houston nonprofit that’s upcycling textiles and clothing opens new store

Magpies & Peacocks, the nation’s only nonprofit design house that collects and reuses post consumer textiles, clothing, and accessories, opens their first permanent retail space in Houston on Saturday, June 1. The Co:Lab Marketplace will be located inside the organization’s current warehouse space in Houston’s East…

Real estate investors opting for Tier 2 & 3 cities, survey shows

(Representative image) NEW DELHI: Real estateinvestments are no longer limited to major metros — investors are equally, if not more, enthusiastic about Tier 2 & 3 cities as sites of investment, ANAROCK’s second edition of its Consumer Sentiment Survey shows. According to the survey, 26% of property…