The company, backed by China's Ant Group, is planning to issue fresh shares worth Rs 7,500 crore in the IPO. This will make this India's third-largest offering after Reliance Power and DLF.
However, both developers as well as analysts are hopeful that these business metrics will pick up once activity resumes.
Oberoi Realty has hit the top slot in Mumbai's ranking of the top-20 developers in terms of sales in 2021, evicting the Runwal group which was number one last year. The Lodha group which had occupied the top slot three out of five times since 2017 slipped to second place in 2020 and continues to be in the same position in 2021. The Oberoi group was in fifth place in 2019 and fourth place in 2020. This is the first time that it has occupied the number one position. The Runwal group which took the top slot in 2020 is down to third place in 2021.
Black Friday sales in India received a good response as brands dropped their prices making customers queue up outside stores where discounts were steeper. Discounts were offered both online and offline. Most of the international brands in India offered discounts under the Black Friday Sale banner. The Black Friday Sale started in the US on the Friday after Thanksgiving Thursday. The day typically marks the beginning of the Christmas shopping season ahead of the festival.
Taking to Twitter, Chief Minister Arvind Kejrjiwal said that cinema halls will be allowed to reopen from October 15 and they will have to follow all guidelines issued by the central government.
The BJP had made the land deals a major poll issue in 2014, alleging that Vadra benefited through questionable land use permissions granted by the earlier Congress government in the state.
Distribution yields could rise, but risk of Covid, higher interest rates remain.
The NSE Nifty ended at 2,776, gaining 6 points. The market breadth was negative - out of 2,493 stocks traded, 1,385 declined, 1,002 advanced and the rest were unchanged on Wednesday.
The real estate sector might have been caught off guard by the second wave of the Covid-19 pandemic, but large listed developers like Godrej Properties and Prestige Estates Projects soldier on undeterred. They aim to have sales bookings of Rs 10,000 crore in the next few years.
Nearly 30 Indian firms that have imported aircraft for charter use are under the scanner of the Customs authorities for allegedly flouting import norms in order to evade taxes.
Food delivery company Zomato's Rs 9,375-crore initial public offering (IPO) will open for subscription on July 14, said investment banking sources on Wednesday. The company initially was looking to raise Rs 7,500 crore through the offering. Investment banking sources said the issue size has been increased because of the robust demand from investors.
It has been a difficult year for Singh, whose fate from the start has been closely tied to that of the Gandhi family.
A statement from Gandhi's office came after a media house purportedly made a query to Robert Vadra asking whether a portion of the money he had received from the DLF was used by his wife to buy properties in Faridabad in Haryana.
Stock market expert Pranav Sanghavi answers some of your queries.
Senior IAS officer Ashok Khemka who had cancelled the mutation of a land deal between a firm owned by Robert Vadra and realty major DLF, was promoted as Principal Secretary.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
The actor made a showstopping entry unveiling the latest collection.
With the arrival of the second Covid wave in April, the numbers fell by almost 50 per cent.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
The NSE Nifty ended at 2,935, up 15 points. The market breadth was positive - out of 2,574 stocks traded, 1,374 advanced, 1,092 declined and 108 were unchanged on Tuesday.
With relaxations in the nationwide coronavirus-induced lockdown, locals were seen strolling and jogging at roads and beaches of Mumbai and other cities on Sunday.
Donations received in form of electoral bonds were not included in the filing.
Lodha Developers on Thursday said it has completed the acquisition of 17-acre prime land in Mumbai from realty major DLF for Rs 2,725 crore (Rs 27.25 billion) -- the largest realty deal so far this year.
Many across Corporate India seem to have taken a leaf out of Modi's endorsement of healthy living through yoga.
Buyers are looking for deals at half the price sellers are asking for.
But the Robert Vadra firm, which held luxury apartments in top DLF projects, sees income and profits dry up since FY11.
Cleaning up India's grubby business climate is top of the agenda for both regulators and the government.
The NSE Nifty ended at 4,583, down 54 points. The market breadth was extremely negative - out of 2,774 stocks traded, 2,020 declined while 706 advanced. The rest were unchanged.
The actor was in Noida to promote her new lipstick collection.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Big names in the real estate industry are trying to keep pace with the rising demand for ultra-luxurious holiday homes. DLF is the latest entrant in the segment, after Tata Housing and the Lodha Group had recently ventured.
Official sources said the three-member committee headed by Additional Chief Secretary Krishna Mohan said that Khemka had acted beyond the authority vested in him by cancelling the mutation of three-acre of land to DLF following the deal with Vadra, son-in-law of Congress President Sonia Gandhi.
Meet the hot showstoppers from the India Runway Week 2019.
The real estate sector has underperformed the Sensex in the past 2 years.
"The concrete actions are a stern indication that Government of India is making all out efforts to increase vaccine production in the country as well as attracting foreign vaccine manufacturers to supply the required vaccine doses for national Covid vaccination programme," the ministry in a statement.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
Major companies DLF and Unitech have posted an increase in their net profit after a gap of almost two years.
Mihir S Sharma asks a few questions on l'affaire Vadra, and makes notes on who should answer them and why
Activist Arvind Kejriwal on Monday attacked Bharatiya Janata Party leader Shanta Kumar for asking them to include Priyanka Vadra's property in their fight on DLF-Robert Vadra issue, saying the party-led Himachal Pradesh government has the details and it should make the details public.
