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HCC planning to repay debt by raising money

HCC planning to repay debt by raising money
Ajit Gulabchand who is the chairman and managing director at the Hindustan Construction Company is setting out a plan in order to raise Rs 1,500-2,000 crore to pay the debt and get the Mumbai-based construction and engineering company out of the corporate debt restricting the cell ahead of the schedule. He further stated that he [...] Continue Reading »

HDFC profit rises by 15 %- Q1 results bring cheers

HDFC profit rises by 15 %- Q1 results bring cheers
The realty market is picking up after the change of the government in the center and that is evident in the financial balance sheet of HDFC Ltd. The Housing Development Finance Corporation (HDFC) on Monday reported a net profit of Rs 1,344.66 crore, up by 14.62 % year-on-year (Y-O-Y), for the quarter ending June 30, [...] Continue Reading »

Adani group hope to raise Rs 10,000 crore through share

Adani group hope to raise Rs 10,000 crore through share
Gautam Adani has been making big plans in order to get up a total of Rs 10,000 crore through an eligible institutional placement (QIP) of shares of the Adani Enterprises, Adani Power and Adani Ports & Special Economic Zone. He wants to do this so that the group’s growth rate gets a boost. The money [...] Continue Reading »

SEBI to declare the norms for REITs and InvITs next month

SEBI to declare the norms for REITs and InvITs next month
SEBI chairman UK Sinha on Thursday mentioned that the market regulator Securities and Exchange Board of India (SEBI) will unveil the detailed guidelines on Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) next month. SEBI has also taken steps to safeguard the interests of the shareholders. Sinha also stated that SEBI would also [...] Continue Reading »

PE funds exit out of old investments: Carlyle sells Repco Home Fin stake for Rs 471 cr

PE funds exit out of old investments: Carlyle sells Repco Home Fin stake for Rs 471 cr
The market sentiments have changed post the Modinomics wave and the Private equity (PE) firms are using this buoyant market sentiment to exit their old investments via public market sales route. Over nine-fold returns were made by Carlyle Group when it made a full exit from Repco Home Finance, a housing finance company based in Chennai. [...] Continue Reading »

Adani Group granted clearances for Mundra SEZ

Adani Group granted clearances for Mundra SEZ
Environment and other coastal clearances have been granted to Adani Ports and Special Economic Zone (APSEZ) for its special economic zone (SEZ) to be spread across an 8,481-hectare area in Mundra — a project which had been halted because approvals were pending for the last many years. With environmental and coastal regulator zone (CRZ) clearances [...] Continue Reading »

Shriram Properties to receive $ 80 million from Tata Capital PE fund

Shriram Properties to receive $ 80 million from Tata Capital PE fund
$ 80 million (about Rs 468 crore) was invested by a private equity (PE) fund owned by Tata Capital, in South India-focussed realty firm, Shriram Properties. Tata Opportunities Fund Managing Partner Padmanabh Sinha stated that the company believes that the residential real estate market, particularly mid-market housing, should see high growth. Due to increasing urbanisation, changing demographics [...] Continue Reading »

Shares of Lanco Infratech slumped nearly 10% after disappointing quarterly results

Shares of Lanco Infratech slumped nearly 10% after disappointing quarterly results
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 »

Delta Corp, Peninsula Land under income tax scrutiny

Delta Corp, Peninsula Land under income tax scrutiny
Delta Corp is India’s largest and only listed company in the gaming and casino segment. It is under the lens of income tax authorities on Tuesday for alleged tax evasion. Peninsula Land Limited, the real estate arm of the Ashok Piramal Group is also under the scanner. Around 25 residential and official premises, in Mumbai [...] Continue Reading »

Maharashtra toll road project boosts IRB Infra shares

Maharashtra toll road project boosts IRB Infra shares
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »



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