Thursday, September 03
Tata Realty and Infrastructure Ltd has taken a Rs 1,280 crore loan from DBS Bank India for a sustainable commercial project in Gurugram, a statement said. DBS Bank India acted as the sole advisor and green loan coordinator for this transaction. A green loan financing intends to fund or refinance projects that provide environmental benefits. The loan facility has been availed by Tata Realty's special purpose vehicle (SPV), which has developed commercial project 'Intellion Park' in Gurugram. This Grade A office campus has 2.1 million sq ft office spaces. The funds are being deployed towards certified green assets that meet globally recognised sustainability benchmarks.Santanu Mitra, Head of Large Corporate Banking, DBS Bank India, said, "Real estate and infrastructure is a key focus for DBS
India's SUV major Mahindra & Mahindra (M&M) is not looking at hiking vehicle prices from January next year unless it is pushed by a significant hike in raw material prices, a top company executive said on Thursday.Given an auto trend where car makers usually announce price hikes from January each year, Mahindra's Executive Director and CEO for auto and farm sectors Rajesh Jejurikar said, "We will not take price hikes right now, unless they are driven by a significant raw material price."Also read: Mahindra launches XEV 9S: Check price, features & automaker's motive behind new 7-seater EV SUV"We are very mindful that the country has taken a very significant milestone action of reducing GST, and we will not do anything which undermines that strategy by driving a profiteering obje
