Gujarat
According to an Assocham report, Maharashtra replacing Gujarat has appeared to be the number one investment destination in the country. An analysis by the industry group illustrated, as on December 2013 Maharashtra attracted investment proposals of Rs 14,73,466 crore cumulatively, while Gujarat drew proposals worth Rs 13,98,347 crore. The state’s focus on development of industrial [...] Continue Reading »
Honda Cars India, headquartered in Japan, might set up its plant in the country in Gujarat, sources said. Two-wheeler maker Honda Motorcycle and Scooter India (HMSI) following this will be setting up a plant in the state. “Honda Cars looking for a 250-acre land parcel had already visited a site in Vithalapur. However the company [...] Continue Reading »
In the capital of Gujarat, over 60 vendors associated with the Ahmedabad metro project are sitting on a ‘dharna’ in Gandhinagar for protesting against non-payment of dues of about Rs 70 crore.These vendors state that their dues are pending since last six months. Jatin Bhayani, chairman of MEGA Vendor Welfare Association which was formed recently [...] Continue Reading »
Fresh loans worth Rs 1,375 crore have been granted to 18,510 beneficiaries during the third quarter September-December last year as a decrease of 55% from the same period in 2012. A record shortfall in demand for home loans last year has been led by the slowdown in real estate and overall economic slump. The fall [...] 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 »
Mr. Vishwanath Nair concluded in a report that the loans restructured by corporate debt restructuring (CDR) will cross Rs 3 lakh crore by the end of this financial year. The loan recast in the financial year 2014 have crossed Rs 70, 000 crore with restructuring requests for nearly to Rs 20, 000 crore having delayed [...] Continue Reading »
The Jaiprakash Associates group with a total debt of over R60, 000 crore, recently announced that they are going to sell 74 percent of its holding to Dalmia Bharat. The total amount collected by JP associates from this deal is around Rs 690 crore. It is concluded in a statement that the board of directors [...] Continue Reading »
The IT department has turned red eye on the farmers and the real estate developers in Surat and other parts of south Gujarat region. In last two days, the department has issued notices to nearly 400 farmers and real estate developers asking them to submit issued amount on the sale of agriculture land within two [...] Continue Reading »
The country’s largest car maker company, Maruti Suzuki India Ltd, plans to buy real estate for dealers in India and constructing factories for its Japanese parent Suzuki Motor Corp. In growing markets like Latin America and Africa—moves that are likely to shock its investors. The two people familiar with the development say that the company, in [...] Continue Reading »
Two orders worth Rs 721 crore are bagged by Infrastructure development company SPML from Bhavnagar Irrigation Project Division, Gujarat, and South Bihar Power Distribution Company, Patna. The company informed in a statement, in Gujarat SPML Infra has received an Rs 594-crore order for developing infrastructure for water supply to Bhavnagar along with a Rs 127-crore order in [...] Continue Reading »
