sale of assets
Air India is unable to realise the objective of monetizing its assets due to depressed rates in real estate market. The company had three year plan to earn Rs 1,200 crore in FY14, Rs 2,000 crore in FY15 and Rs 1,800 crore in FY16 through this route. This money was to be used to retire [...] Continue Reading »
“Notional possession” of a part of real estate major Unitech’s 350-acre land parcel in Noida has been taken by Life Insurance Corporation of India (LIC). This is due to the failure to repay a part of its nearly Rs 150-crore loan from LIC. The ‘Notional Possession Notice’ issued by the country’s largest insurer warned the [...] Continue Reading »
