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Completion funding catches PE's fancy
Completion financing, or last-mile funding, where developers get funds to complete projects stuck midway, is catching on among private equity (PE) funds.

Pearls before swine
They said the day a black man became president of the United States, pigs would fly. Well, lo and behold, Obama was sworn in and one hundred days later... swine flu!”

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Aditya Birla Minacs, NorthStar in deal to provide wealth mgt
Business solutions company Aditya Birla Minacs has partnered with NorthStar Systems International, a provider of wealth management software solutions, to provide a total wealth management package.
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Parsvnath Developers Q1 net dips 81% at Rs 14 cr

Real estate firm Parsvnath Developers today reported a net profit of Rs 13.81 crore for the first quarter ended June 30, a 81 per cent decline over the corresponding period a year ago. The company had posted a net profit of Rs 73.96 crore in the same period last fiscal. - FIIs net buy Rs 367cr, DIIs net sell Rs 287cr - Lanco Infratech ends flat - Markets surge on short-covering - HPCL surges 8% on good Q1 nos - RECL hits new high on 73% jump in Q1 net - Tata Steel rebounds, ends up 3% Total revenue of the realty firm halved to Rs 115.20 crore at the end of the June quarter, from Rs 376.42 crore in the corresponding period a year ago, Parsvnath said. Shares of Parsvnath closed at Rs 117.35, up 1.78 per cent over previous close on the BSE.


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