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Indian-origin billionaire bros to pick stake in UK supermarket chain Asda

Indian-origin billionaire brothers Mohsin and Zuber Issa are set to acquire a majority stake in the leading UK supermarket chain Asda from its US owner Walmart after a $ 8.8-billion deal was struck......

What caused the flash crash at HDIL?

Mumbai-based property developer HDIL's stock, once the darling of investors, came crashing down last month.It lost nearly 40 per cent of its value from Rs 120.85 on January 21 to Rs 74.65 on......

Recovery in realty mart: Will it last?

While there are visible signs of a recovery in the real estate market, price hikes by developers and any increase in interest rates could halt this momentum, writes Ram Prasad Sahu. The realty......

Redeveloping Dharavi is not viable for us: HDIL

Mumbai-based property developer Housing Development Infrastructure says it has pulled out of the Rs 15,000 crore Dharavi Redevelopment Project as the latter does not seem viable. Instead of......

'I would rather invest in projects than a buyback'

Housing Development and Infrastructure,country's third largest listed realty developer, has forayed into entertainment, power, oil & gas and broadcasting, among others, either directly or by......

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