Day: 17 July 2023

Listed Developers’ Cost of Debt Shrinks to 9% in FY23 from 10.3% in FY20

Vijay Raman

Avg. cost of debt saw yearly increase (7.96% in FY22) but remained lower than the pre-pandemic levels due to rising repo rates Net debt of top 8 listed developers remains stable at approx. INR 230 Bn in FY23 in comparison to FY22, but is 43% down compared to FY19 Listed developer’s revenue collectively goes up by 7% on yearly basis – from approx. INR 281 Bn in FY22 to over INR 301 Bn in FY23; but it is yet to come back to pre-pandemic levels of FY20 (INR 329 Bn)…

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MoU signed to establish 1st campus of IIT Delhi in Abu Dhabi

Vijay Raman

The signing took place in the presence of HE Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE and Shri Narendra Modi, Prime Minister of India. The MoU was signed by HE Mubarak Hamad Al Mheiri, ADEK Under Secretary, Shri Sunjay Sudhir, Indian Ambassador to the UAE and Professor Rangan Banerjee, Director, Indian Institute of Technology Delhi.   Complementing the ongoing UAE-India Comprehensive Economic Partnership Agreement (CEPA), the MoU reflects the shared vision of both nations to prioritize educational excellence, innovation, knowledge exchange, and investments in human capital as…

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