Realty News
One of the first sectors which will apparently be the prime focus of the Narendra Modi-led government right at the outset will be the ‘road’ sector. Plans for Rs 12,000-13,000 crore projects have already been readied by the Ministry of Transport and Highways. According to a Ministry official, these projects – which also include the [...] Continue Reading »
A new residential project – Solitairian City – has been launched by Noida-based real estate developer Le Solitairian on Yamuna Expressway. The new project is in close proximity to the F1 stand at Yamuna Expressway. The new ‘Solitairian City’ residential project extends across an area of 16.54 acres, with an additional 8.1 acres earmarked as [...] Continue Reading »
In a situation which marked a bonanza of sorts for Narendra Modi-led new Government, the stock prices of Larsen & Toubro (L&T), Axis Bank and other companies in which the government has a stake have witnessed a surge of late. As a result of the increase in stock prices of the mentioned companies, the new [...] Continue Reading »
In the FY15 thus far, the Corporate Debt Restructuring (CDR) cell has not received any debt recast requests; thanks to the new guidelines which have been put in place by the Reserve Bank of India with regard to the management of stressed assets. The new RBI guidelines were announced in January, and became effective from [...] Continue Reading »
DB International (an engineering and consultancy firm) has declared recently that a safety and quality consultant will be appointed for the Kochi Metro. According to one of the statements, a contact has been won and it is the work of the company to act as a consultant for the Kochi Metro. This one is not [...] Continue Reading »
The last one hour of trading on Monday, May 26, witnessed the benchmark indices erasing the intra-day gains to end the day flat-to-negative; largely because of the plunges in the stock of property developers, as well as energy and consumer durables firms. Specifically speaking, Sensex breached nearly 25,000 intra-day on Monday, closing precisely at 24,716.88, [...] Continue Reading »
In a move indicative of a planned expansion of the Dewan Housing Finance Corporation Ltd (DHFL), the company has revealed that it has efforts underway to broaden its presence in Tamil Nadu and Kerala. As a part of its expansion plan for the two mentioned states, DHFL will open more branches with the objective of [...] Continue Reading »
As a result of an apparent delay, for at least a few weeks, in the south-bound carriageway of Mumbai’s Kherwadi flyover, the entire process involving the construction of the flyover has been thrown off schedule. According to the earlier plan, the Mumbai Metropolitan Region Development Authority (MMRDA) – the Kherwadi flyover project’s executing authority – [...] Continue Reading »
IDFC Ltd is apparently set for a formal takeover of the Delhi-Gurgaon Expressway; with all the pre-requisites required for the imminent move having seemingly been put in place. In order to facilitate IDFC in formally taking over the Delhi-Gurgaon Expressway, a meeting is scheduled to take place – on Tuesday – between senior officials of [...] Continue Reading »
For the last nearly 30 years, small and medium enterprises (SMEs) in Chandigarh have been stuck at almost the same scale; but now diversification and expansion is apparently on the cards for these businesses. The Union Ministry of Home Affairs-appointed Parliamentary Committee on the Union Territory of Chandigarh has given its approval to the conversion [...] Continue Reading »
