Bombay Stock Exchange
The Indian stock markets has been on a dream Bull Run cycle with both the Sensex and Nifty50 reaching their record highs. Such has been the positive impetus of the Indian stock markets that the Bombay Stock Exchange or BSE has been one of the best performing global indexes in recent times. Amid all the [...] Continue Reading »
India’s largest realty firm DLF has sought shareholders’ approval to raise up to Rs 5,000 crore through private placement of non-convertible debentures. DLF informed during a filing to the BSE (Bombay Stock Exchange) that the shareholders’ nod has been sought through a postal ballot. This approval is sought for reducing the borrowing power of the [...] Continue Reading »
After Housing and Urban Development Minister M Venkaiah Nadu spoke about cutting down on interest rates for home loans, it wasn’t just news; it was a flavour of things to come for the Indian realty sector. With property sales on the rise, projects being completed in a hurry, and availability of cheap sources of funding, [...] Continue Reading »
Subsequent to Enforcement Directorate charged its join owners Mr Shahid Usman Balwa and Mr Vinod Goenka with money laundering in the 2G scam along with more than a dozen other accused, DB Realty shares plunged more than 5.5 per cent. On the Bombay Stock Exchange, The stock ended at Rs 70.65, down 5.10 per cent. [...] Continue Reading »
Two substantial real estate deals have recently been struck by Bangalore-based firms Embassy Group and Sobha Developers. The deals – for which the two companies have shelled out more than ₹1,500 crore altogether – will give Embassy Group a major stake in a business park, and Sobha Developers a substantial stake in a residential project. [...] Continue Reading »
GMR spokesperson says that GMR and its partner plan to double the passenger capacity to 14 million per year in the next three-four years. The consortium consisting of GMR and Philippines’ Megawide Construction Corp was recently awarded a 25 year contract for the development of the country’s second largest airport. The spokesperson says that the [...] Continue Reading »
As per BSE data, the fund has sold 34, 64,000 equity shares for Rs 325 each which aggregates to an amount of Rs 112.59 crore. The fund had 61, 92,100 shares which is 9.96 percent the total shares in the home finance company by the end of December 2013. At the same time Jupiter PAF [...] Continue Reading »
The Gammon Infrastructure and NHIA have stopped the concession pacts for two road projects because of the lack of land clearances. The 2 projects allotted to Gammon in 2012, consists of the Yamuna agar Panchkula project in Haryana and the Birmitrapur Barkote project in Orissa. Gammon Infrastructure informed that the terminations were done by the [...] Continue Reading »
The infrastructure company, Sadbhav Engineering informs that it has bagged a project from NHIA for development of highways. The company also informed that it is a successful bidder by National Highways Authority of India (NHAI) for the development of Jodhpur- Barmer Section of NH-112. This project comes under the National Highway Development Project (NHDP) and [...] Continue Reading »
The major real estate firm won contracts worth Rs. 1,981 crore in housing sector including major order in Bangalore. The company says that the building and factory business of L&T has grabbed the housing order of value Rs. 1,981 crore in March 2014. A main residential order is taken up in Bangalore from one of [...] Continue Reading »
