NSE
With Finance Minister Arun Jaitley having announced in his Budget speech that the income generated by Real Estate Investment Trusts (REITs) will be taxed at the hands of investors, bigwig realty developers are mulling the option of launching REITs. The prominent real estate players that are considering the option to launch REITs – which are like mutual [...] Continue Reading »
Close on the heels of real estate firm Unitech recently reported consolidated loss of Rs 51.55 crore for the January-March quarter, the shares of the company plunged by over 3 percent on Thursday. As an apparent result of the consolidated loss posted by Unitech, the company’s scrip closed at Rs 27 on Thursday, underscoring a [...] Continue Reading »
On Monday, shares of power firm Lanco Infratech tanked nearly 10 per cent, largely because of the disappointing results posted by the company for the January-March 2104 quarter. For the mentioned quarter, the company reported a widening of its net loss to Rs 584.29 crore. In comparison, in the same quarter last year, the power [...] Continue Reading »
Real estate player Prozone CSC, earlier a subsidiary of Provogue India Ltd, will be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 12 as an independent entity. Prozone CSC Ltd has gone through the demerger process duly approved by the Mumbai High Court and is scheduled to be listed as [...] Continue Reading »
In Jamshedpur, Vishal Gupta the managing director of Ashiana Housing Ltd a mid-level builder reported saying that the July figures were quite impressive with 1.65 lakh sq ft area that was booked though they were in the apprehension that they would not meet the expected financial figure this year and also falling finanacial year because of the [...] Continue Reading »
The Realty Giant DLF is likely to approach the Compat (Competition appellate Tribunal) to challenge the order by Competition Commission of India (CCI) to pay Rs 630 crores penalty for the abuse of the dominant market position. This challenge on the order is on the basis of Competition Commission of India’s classification of DLF as [...] Continue Reading »
