stock exchanges
Air India Ltd, India’s state-owned airline, is considering spinning off its real estate assets into a real estate investment trust (REIT) and lists it on the stock exchanges in a move that could give the company significant tax breaks and also improve its finances. Air India has 800 properties at prime locations around the world; [...] Continue Reading »
Hotel Leela venture is in talks with sovereign wealth funds of Abu Dhabi, Qatar and Malaysia to sell off its two main properties situated in Delhi and Chennai for around Rs 1,850 crore. The two properties will be hive off into separate entities by the firm which owns, operates and manages hotels, palaces and resorts. [...] Continue Reading »
In as many as 23 states, MoFPI has approved a total of 40 mega food park projects in various stages of implementation. Under the Mega Food Park scheme of the Union ministry of Food Processing Industries (MoFPI), a state PSU, The Odisha Agro Industries Corporation Limited (OAIC) is eager to set up a mega food [...] Continue Reading »
As per the data by Department of Industrial Policy and Promotion (DIPP) in 2012, India collected $22.78 billion of FDI. Services, pharmaceuticals, automobiles, construction development, telecommunications, computer software and hardware, chemicals and power were the sectors that attracted foreign investment in 2013. The countries which invested in India consist of Mauritius, Singapore, UK, Netherlands, Japan, [...] Continue Reading »
Chennai- Lancor Holdings, Chennai based leading developer has announced that it has acquired 6.5-acres plot near Maraimalai Nagar on the GST Road for Rs 40 crore. The company in a regulatory filing with stock exchanges disclosed the purchase of 100 percent equity shares of L&T Commercial Projects Pvt Ltd. However, the firm did not reveal [...] Continue Reading »
