acquisition
The land act has been in muddy waters ever since it was passed by the erstwhile UPA government. The Centre led by the NDA government is likely to set up a specialized agency to chart the resettlement and rehabilitation plan for families displaced by land acquisition. The agency, tentatively called the `R&R Board’, will take [...] Continue Reading »
Skills Academy Private Limited, founded by DLF chairman KP Singh’s daughter Pia Singh is doing good business. The company has acquired A4e India Private Limited, the Indian arm of the UK-based A4e Limited. The acquisition comes at a time when the government is focussing on skill development and job creation. There are many start-ups which [...] Continue Reading »
The central government had stated that they are trying to ensure certain rules and regulations in the Land Acquisition Act which can make the Act more investor friendly as well as benefit the farmers. Making a statement on this issue, West Bengal’s Chief Minister, Mamata Banerjee stressed on saying that she will not allow any [...] Continue Reading »
During the course of a speech at a programme held in West Midnapore district, West Bengal Chief Minister Mamata Banerjee reiterated, yet again, that the government will not resort to forceful acquisition of land for industrialization. Asserting that the West Bengal government is “against forceful acquisition of land,” Banerjee said that land for industrial projects in West Midnapore district [...] Continue Reading »
In a recent interview with StartupCentral, CommonFloor CEO Sumit Jain talked about Flat.to — the property listings platform which CommonFloor acquired last week. Flat.to is a property listings platform which focuses primarily on students and single professionals; and its acquisition marks the first takeover for the 2007-founded CommonFloor. With CommonFloor – co-founded by Sumit Jain, [...] Continue Reading »
A website that helps students and bachelors find accommodation, Flat.to, has been acquired by Real-estate portal CommonFloor. The deal signals growing consolidation in India’s consumer internet industry. The deal was finalised last week and includes both cash and stock components. Sumit Jain, cofounder of CommonFloor declined to share the financial details of the transaction. He [...] Continue Reading »
The Mumbai based Lodha group has acquired Clariant Chemicals’ 87-acre plot of land in Thane, Mumbai for Rs. 1,154 crore. The deal was announced by Indian arm of Switzerland-based Clariant International in a filing to BSE. The company had the approval of shareholder to sell the parcel of land. The sale is subject to regulatory [...] Continue Reading »
Henikwon Corporation has been acquired by Tamco Switchgear, a wholly owned subsidiary of Larsen & Toubro. Malaysia-based Tamco is a part of L&T’s Electrical & Automation (E&A) business. Henikwon Corporation, based in Malaysia, makes low voltage and medium voltage bus duct systems. L&T said the Henikwon brand is globally recognized and offers products of international [...] Continue Reading »
Many cities are coming up with land acquisition bill for protecting the rights of the land owners and developing of projects. Jaipur joins the list! The state government is soon going to announce a land acquisition and rehabilitation bill. The revenue department of the state has presented the draft and it has cleared all the [...] Continue Reading »
The highways department in Coimbatore has said that they will soon start the work of widening of a few roads in the Selvapuram-Puttuveekki Lake-Kovaipudur Road. The construction will be on the docks very soon and the highway department will initate the work in a fast pace. The proposal will hopefully decongest the traffic Ukkadam-Kuniamuthur-Kovaipudur Pirivu [...] Continue Reading »
