News for Industrial Investment Trust Limited (IITL.NS)

Industrial Investment Trust Limited (IITL) is launching a Rs 500 crore Alternative Investment Fund (AIF) to capitalize on India's booming real estate sector. The fund will focus on residential and commercial projects in Tier 1 and Tier 2 cities, partnering with top developers. IITL is also establishing a Housing Finance Company to facilitate homeownership.

The key benchmark indices continued to reel under selling pressure on Friday, tracking weakness in global markets. The BSE Sensex fell over 1,000 points to 54,668, while the NSE Nifty shed 316 points to 16,366.

In a sharp reversal to previous day's losses, Indian benchmark indices on Thursday extended opening gains tracking positive global sentiment after the US Fed's in-line rate hikes. The BSE Sensex rose 800 points to 56,540, while the NSE Nifty climbed 250 points to reclaim the 16,900-mark.

Domestic equity markets cracked on Tuesday as Covid-19 scare in China, and rising bond yields and Brent crude prices globally, dented investors' sentiment. The S&P BSE Sensex was down over 600 points or 1 per cent at 58,354, while the NSE Nifty 50 was testing the 17,450-mark.

India Business News: Italian financial services firm Generali on Wednesday said it has become the majority shareholder of the Indian life insurance joint venture following

Move follows receipt of all necessary approvals from the relevant regulatory and competition authorities

Read more about Generali becomes majority shareholder in Indian Life Insurance JV on Business Standard. Italian financial services firm Generali on Wednesday said it has become the majority shareholder of the Indian life insurance joint venture following all the regulatory approval.

he company has completed the acquisition of the entire stake of around 16 per cent held by Industrial Investment Trust Limited (IITL) in Future Generali India Life (FGIL) and the subscription of additional shares in FGLI, following receipt of all necessary approvals from the relevant regulatory and competition authorities.

Read more about Italy's Generali becomes majority shareholder in India Life JV on Business Standard. Generali is in the midst of a power struggle with rebel shareholders challenging the board's plan to retain Chief Executive Philippe Donnet for a new term