Latest news with #Aggarwal
News18
12 hours ago
- Business
- News18
Grip Invest launches auto compounding investment product for bond investors
Last Updated: New Delhi, Jul 23 (PTI) Grip Invest, a technology-driven trading platform for fixed-income schemes, on Wednesday announced the launch of a reinvestment product, which enables investors tap into fixed returns assets like bonds and securitised debt instruments (SDIs). The product, Infinite, is designed to solve the pain point of reinvestment in fixed returns instruments, as per a statement. Highlighting the challenges of bonds investors, Nikhil Aggarwal, Founder and Group CEO, Grip, said such investors had to resort to manual tracking of interest payouts and reinvestment options, where they had to make one decision after another, just to keep their capital working. Moreover, he noted that the reinvestment journey is fragmented and inefficient, especially for smaller returns earned by retail investors, which often sit idle. This friction not only disrupts compounding but also results in silent value erosion over time. 'Infinite is our response to that bottleneck: By routing monthly bond payouts into curated mutual funds via an auto-SIP… For investors, it delivers up to 30 per cent more returns from the same portfolio," he said here. Grip Invest, which is backed by investors like Venture Highway, Stride Ventures, ITI Capital and Multiply Ventures, has more than 35,000 customers with an average age of 30-45 years. Aggarwal has seen an increase in interest of retails investors towards the bond market over the past few years, although there remains huge room for further expansion. He attributed the rising interest to markets regulator Sebi's move of significantly reducing the ticket size or face value of debt securities from Rs 1 lakh to Rs 10,000 as well as recent rate cuts by the Reserve Bank of India, which made fixed deposit less appealing for investors. PTI SP TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 23, 2025, 15:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Time of India
50-yr-old flees to Haridwar to avoid cops, held at ashram
New Delhi: Nearly a decade after an alleged land scam involving Rs 95 lakh, a 50-year-old man from Ghaziabad has been arrested from an ashram in Uttarakhand's Haridwar. According to police, a complainant alleged that in Nov 2015, Dharmander Aggarwal approached him for the sale of a residential plot in Pratap Vihar in Uttar Pradesh's Ghaziabad. Aggarwal allegedly claimed that he was its sole owner. The price was decided at Rs 1.05 crore, out of which Rs 95 lakh was paid. DCP (crime) Vikram Singh said, "On May 23, 2016, Aggarwal executed an agreement to sell the land and it was agreed that the balance Rs 10 lakh would be paid on or before the end of 2019." You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi Aggarwal did hand over the documents in Dec 2019, but went on to delay the actual transfer by citing Covid-19, Singh added. When the complainant sent a legal notice demanding the completion of the deal on July 5, 2022, Aggarwal allegedly demanded Rs 40 lakh more and threatened to harm the complainant and his family. An FIR was registered in July 2023. Aggarwal was arrested on July 16 and was brought to Delhi, an officer said. During interrogation, Aggarwal claimed that he was not in contact with anyone and was living the life of a philanthropist to avoid being traced, said police. He also said he frequently changed his appearances, addresses and mobile numbers to avoid detection, investigators added.
Economic Times
2 days ago
- Business
- Economic Times
Signature Global to launch homes worth Rs 6k cr in Gurugram in Jul-Sep: Chairman
Realty firm Signature Global plans to launch homes worth Rs 6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and investors. ADVERTISEMENT Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd. The company had clocked record pre-sales of Rs 10,290 crore last fiscal. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company launched one housing project in Gurugram during the June quarter with total revenue potential of around Rs 3,500 crore."We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore," he said the demand continues to be strong, especially for good brands. ADVERTISEMENT "The maximum demand is in the Rs 2-4 crore category," he observed. Recently, on the sidelines of a real estate conference, Aggarwal asserted that there was no bubble in the Gurugram housing market and ruled out any price crash. ADVERTISEMENT Aggarwal remains confident of achieving its target to sell Rs 12,500 crore worth of homes this fiscal, even as its pre-sales dipped 15 per cent in the June the April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago period. ADVERTISEMENT The company sold 778 homes in April-June 2025 against 968 units a year terms of volumes, pre-sales dipped 20 per cent to 16 lakh square feet. ADVERTISEMENT During the June quarter, the average sales realisation stood at Rs 16,296 per sq ft compared to Rs 12,457 per sq ft in the last fiscal. To expand business and refinance debt, Signature Global is also looking to raise Rs 875 crore through the issue of non-convertible debentures. It posted a net profit of Rs 101.2 crore in the last fiscal, a sharp jump from Rs 16.32 crore in the preceding total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24. Signature Global has delivered 14.6 million sq ft of real estate so far. Another 10.4 million square feet is under construction. PTI (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Signature Global to launch homes worth Rs 6k cr in Gurugram in Jul-Sep: Chairman
Realty firm Signature Global plans to launch homes worth Rs 6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and investors. Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd. Explore courses from Top Institutes in Select a Course Category Technology healthcare Design Thinking Management Artificial Intelligence PGDM Finance Leadership Data Science Cybersecurity CXO Others Public Policy Data Science others Degree Product Management Project Management Healthcare MCA MBA Digital Marketing Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Knee Pain? Start Eating These Foods, and Feel Your Pain Go Away The company had clocked record pre-sales of Rs 10,290 crore last fiscal. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company launched one housing project in Gurugram during the June quarter with total revenue potential of around Rs 3,500 crore. "We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore," he said. Live Events Aggarwal said the demand continues to be strong, especially for good brands. "The maximum demand is in the Rs 2-4 crore category," he observed. Recently, on the sidelines of a real estate conference , Aggarwal asserted that there was no bubble in the Gurugram housing market and ruled out any price crash. Aggarwal remains confident of achieving its target to sell Rs 12,500 crore worth of homes this fiscal, even as its pre-sales dipped 15 per cent in the June quarter. During the April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago period. The company sold 778 homes in April-June 2025 against 968 units a year ago. In terms of volumes, pre-sales dipped 20 per cent to 16 lakh square feet. During the June quarter, the average sales realisation stood at Rs 16,296 per sq ft compared to Rs 12,457 per sq ft in the last fiscal. To expand business and refinance debt, Signature Global is also looking to raise Rs 875 crore through the issue of non-convertible debentures . It posted a net profit of Rs 101.2 crore in the last fiscal, a sharp jump from Rs 16.32 crore in the preceding year. Its total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24. Signature Global has delivered 14.6 million sq ft of real estate so far. Another 10.4 million square feet is under construction. PTI
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Business Standard
3 days ago
- Business
- Business Standard
Signature Global to launch ₹6,000 Cr homes in Gurugram's ₹2-4 crore range
Real estate developer Signature Global is gearing up for a Rs 6,000 crore residential project rollout in Gurugram during the current quarter, targeting both end-users and investors robust housing demand in the NCR. The announcement comes after a blockbuster FY25, where the firm recorded pre-sales worth ₹10,290 crore, making it the fifth-largest listed real estate player in India, behind Godrej Properties, DLF, Lodha, and Prestige Estates. 'We are planning to launch 3.5–4 million square feet in the current quarter. The total sales potential would be around ₹6,000 crore,'— Pradeep Kumar Aggarwal, Chairman, Signature Global told PTI in an interview. Aggarwal emphasized that demand remains especially high in the ₹2–4 crore price bracket, driven by aspirational end-users and long-term investors. He also dismissed any speculation of a price correction in Gurugram, stating firmly that there is 'no bubble' in the city's housing market. June Quarter Dip Temporary, Eyes on ₹12,500 Cr Target Despite a 15% drop in Q1 sales bookings (₹2,640 crore vs ₹3,120 crore YoY), and a 20% decline in volumes to 16 lakh sq ft, Aggarwal remains optimistic of meeting the ₹12,500 crore pre-sales target for FY26. Interestingly, while unit sales fell (778 homes sold vs 968 YoY), the average realisation surged to ₹16,296 per sq ft, up from ₹12,457 last year — reflecting a clear price premium for brand-led offerings. Strategic Capital Raise to Fund Growth To support its expansion and refinance existing debt, Signature Global is also planning to raise ₹875 crore via non-convertible debentures (NCDs). The capital will aid in ramping up project execution and strengthen the company's balance sheet. Signature Global posted a net profit of ₹101.2 crore in FY25, marking a six-fold jump from ₹16.3 crore in FY24. The company's total income more than doubled to ₹2,637.99 crore, compared to ₹1,324.55 crore in the previous year. Delivery Track Record Total delivered portfolio: 14.6 million sq ft Ongoing development: 10.4 million sq ft under construction With a strong brand recall, rising ticket sizes, and a steady launch pipeline, Signature Global is positioning itself as a key player in the Gurugram mid-premium housing market. With inputs from PTI
