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Mr. Shishir Baijal, Chairman & Managing Director, Knight Frank India “We are extremely delighted and find a great sense of reassurance with the central bank taking cognizance of specific problems faced by real estate sector and proactively taking targeted measures to address those issues. The measures taken for liquidity support to NBFCs, HFCs and MFIs will meaningfully help the cause of the real estate sector. The move on reduction of reverse repo rate by 25 basis points shall push banks to open up the credit flow to economic activities. Similarly, allowing a 90 day extension for asset classification to loans that have been granted moratorium window is a critical step to assuage credit quality concern of lenders. Considering the lockdown and the impact on migrant labour workforce, there will be an inevitable delay in construction activity in real estate projects. Taking note of the situation, the central bank has provided one year project completion extension on asset classificat

(New Delhi, April 16, 2020)  –  As of today, Vietjet will commence operations with regular daily passenger flights and cargo flights to supply essential commodities and necessities in Vietnam. Following the decision of the Civil Aviation Authority of Vietnam (CAAV), Vietjet will operate one daily return flight between Hanoi and Da Nang and one daily return flight between Ho Chi Minh City and Da Nang as well as increase the frequency of Hanoi-Ho Chi Minh City route to two return flights per day from April 16, 2020.   Besides regular flights, the airline will operate about 10 cargo flights daily. In addition to common goods, Vietjet’s flights will also transport medical supplies and equipment for free to support the country’s pandemic prevention and control. The airline is also offering free transportation for doctors and medical staff during this time.   In line with the CAAV’s decision, Vietjet will constantly update its flight schedule on its website www.vietjetair.com , hotline numb

Zee hosted an investor call to discuss its recent investment in Sugarbox. Here are the key highlights: INR5.22b invested, but modalities yet to be disclosed Management indicated the investment of INR5.22b in Sugarbox would be modular over two to three years, comprising a mix of debt and equity, of which INR3b would be put toward capex and the remainder to meet operational requirements. Zee expect’s the investment to be margin accretive and show a healthy internal rate of return (IRR). However, what remains unknown is the additional stake it would fetch over and above the existing 80%, the specific return targets, and other nuances of the deal. Management explained that this investment would keep it ahead in terms of technology to improve Zee5’s reach. However, given that this does not provide any exclusive rights, we think a VC-/PE-driven investment could have helped save cash and still provided similar benefits. Key takeaways from management concall  ZEE’s INR5.22b in

National, April 14, 2020: In its endeavour to reconnect critical air corridors post the lockdown, IndiGo, India’s leading airline, will resume flight operations from May 04, 2020. Initially starting with a slightly curtailed capacity, the airline will increase the operating capacity over the subsequent months, also re-opening selected international flights, depending on the existing international travel guidelines. Ronojoy Dutta, Chief Executive Officer, IndiGo said, “Complementing the government’s efforts against Covid-19, we will restart flight operations on vital corridors of air traffic from May 04, 2020. We will begin operations for domestic only and then gradually ramp it up further, to commence operations on some international routes as well. Our singular focus will be on ensuring the health of our customers and our employees. We are working closely with the government and the airports to take our aircraft and our airports to a significantly higher level of cleanliness while e

Starting today, BlockCard users will be entitled to earn up to 6.38% back in cryptocurrency rewards on all BlockCard purchases – with no limit on the amount they can earn. Users can spend $100 or $100,000 and earn up to 6.38% on all merchant purchases. Press Release – updated: Apr 14, 2020 09:00 EDT ATLANTA, April 14, 2020 (Newswire.com) – Ternio , a leading fintech company providing real-world utility of cryptocurrency, today introduced an unprecedented rewards program to its BlockCard.  Available immediately, all BlockCard users will be entitled to earn 6.38% back in cryptocurrency on all BlockCard purchases, with no ceiling on those rewards. Ternio’s BlockCard now offers the industry’s highest crypto rewards program of any major debit or credit card on the market.  Unlike other rewards programs which tout high percentages, but limit a cardholder’s earning potential or create hoops to jump through to redeem, Ternio’s BlockCard has no ceiling on the rewards and are auto

Press Release – updated: Apr 14, 2020 22:00 KST SINGAPORE, April 14, 2020 (Newswire.com) – A global cryptocurrency derivatives trading platform MCS (mycoinstory.com) has announced the launch of its TestNet on April 13. MCS, headquartered in Seychelles, is the next-generation cryptocurrency derivatives trading platform consists of finance and cryptocurrency experts. A perpetual contract, which has the highest trading volume in the cryptocurrency market, allows traders to capitalize on the rise and fall of asset prices. Therefore traders can profit even in the bear market while at the same time use leverage to control a larger amount of equity in the market. MCS introduces an innovative ‘multi-position’ function, which allows traders to manage three positions in one account at once. This unique asset management function shares one order bookkeeping the liquidity of the multiple positions in one place providing a robust trading experience. The ‘multi-position’ function expand

For the first time on Easter, as billions of people around the world are staying at home in the fight against COVID-19 pandemic, Vietjet has launched the Power Pass that allows its holders to take unlimited flights within Vietnam. The airline operates nearly 300 green flights daily covering 45 routes across the country. The Power Pass holders can now feel safe to stay at home and plan to fly as much as they can for the whole year. Passengers can now easily and conveniently visit http://powerpass.vietjetair.com or www .vietjetair .com to buy or give the Power Pass as a gift to their loved ones. The exclusive Power Pass account offers passengers with free air ticket’s net fares (*), free 15kg of checked baggage and 7kg of hand luggage on unlimited domestic flights during the validity of the pass. Passengers can change their flight schedules as many times as they want to for only VND 100,000 (approx. US$4) (**) for each change. The airline offers two Power Pass options, including Pow