Realty News
In three weeks from now, you can enjoy the drive from Delhi to Mumbai without having to stop at tollbooths thanks to a unique radio-identification tag. The road and highways ministry plans to start the interoperable radio frequency identification (RFID) tag-based Electronic Toll Collection (ETC) system on one lane of the 1,419 km-long stretch of [...] Continue Reading »
In what could be interpreted as a bid to turn it around, Ishanya, the Deepak Fertilisers and Petrochemicals (DFPCL) promoted speciality mall in Pune that is dedicated to home interiors, seems to be undergoing a course correction. Major part of the turnaround strategy, which involves no investment by the promoter, entails allocation of nearly 30 [...] Continue Reading »
The rural development ministry is planning an Rs 12,000-crore boost for the government’s flagship rural roads scheme, the Pradhan Mantri Gram Sadak Yojana (PMGSY). The ministry is seeking funds from the National Bank for Agriculture & Rural Development (Nabard) to provide all-weather road connectivity to eligible habitations. This will be the second financial push to [...] Continue Reading »
Indian corporate issued bonds worth Rs 31,521.83 crore in the July-August period, up 50.23 percent year-on-year, provisional data from Prime Database showed. The top issuer in August was Housing Development and Finance Corporation (HDFC), which raised Rs 2,450 crore. In July, the top issuer was Power Finance Corporation, which raised Rs 4,335 crore. Infrastructure bonds [...] Continue Reading »
There are two distinct strands in the foreign policy of Prime Minister Narendra Modi Government one can discern based on the record of its first 100 days. The first is an overwhelming focus on business and putting India’s economic interests first. In his Independence Day address, Modi gave a clarion call to world powers: “Come, [...] Continue Reading »
Jaiprakash Associates has sought shareholders’ approval to give up to Rs 40,000 crore in guarantees against debt to joint ventures or associate firms. The new limit will be higher by Rs 5,000 crore. It is proposed to take a general approval of shareholders of the company to give any loan/guarantee or to provide security in [...] Continue Reading »
Eighty-one companies in India borrowed Rs 43,147 crore through private placements in the first quarter of FY15. This figure is 55 % less than what they did the corresponding quarter of FY14 (Rs 96,186 crore). PSUs (Public Sector Units) did not borrow through this route at all as against Rs 8,568 crore they did in [...] Continue Reading »
Industries major Aditya Birla Group has submitted its sixth multi- crore proposal in three years to set up new projects on the 320 acres of the erstwhile Mavoor Gwalior Rayons plant, which was the largest private sector investment in the state. The latest proposal submitted by the Birlas to the state government envisages a Rs [...] Continue Reading »
The Uttar Pradesh pollution control board (UPPCB) on Thursday shot off notices to 257 ongoing projects and some established educational institutes in Noida and the Yamuna Expressway region for not procuring pollution or environmental clearances before starting construction. The UPPCB has asked all these 257 buildings to update the UPPCB on the status of their [...] Continue Reading »
Scotching speculation suggesting that its promoters are diluting stake which resulted in nearly 19 percent dip in its share prices, Jaiprakash Associates Ltd today said small share holding disposed of by a promoter company was to meet needs of funds including for social cause. It is understood that rumours are being planted in the market [...] Continue Reading »
