Met with lukewarm response from a volatile market, Wockhardt Hospitals withdrew its IPO. It received bids only for 19.5%.
A majority of big real estate developers in India today said they are insulated from the financial crisis in Dubai and it will not have any impact in the country's property market.
Tania Wadhwa finished tied 23rd -- best show by an Indian -- to be adjudged the best amateur, while French woman Gwladys Nocera survived compatriot Virgine Lagoutte-Clement's late charge to lift the inaugural Emaar-MGF Ladies Masters in Bangalore on Saturday.
Golf Course Road in Gurgaon symbolises smart new India like almost everything does in this Haryana boom-town. Swish, glass-cladded IT, ITeS offices; big, and bigger, malls; and a series of premium, gated residential complexes along the broad, dusty avenues here -- DLF BelAir, Parsvanath PrideAsia, EmaarMGF's Palm Springs, etcetera, etcetera. It is thus only fitting that something called "Street of Dreams" should be located along this road.
Having made public its tie-up for a retail venture, the Bharti-Wal-Mart combine is roping in leading realty majors like DLF, Emaar MGF, and Ansals for handling the massive real estate requirements of the project.
The world number four will be on the prowl in the Asian Tour and European Tour co-sanctioned event in India hoping to chalk up a win at the historical Delhi Golf Club.
Former Asian number one Jeev Milkha Singh, making an appearance at the EMAAR-MGF Indian Masters this week, says golf in India will continue to be the fastest growing sport with the inclusion of top class events in the country
The pairings for the Indian Masters challenge match are: Ernie Els and Arjun Atwal; Mark O'Meara and Jeev Milkha Singh and Darren Clarke and David Howell.
DLF, Unitech, Emaar-MGF and the Ambience Group are in race to build the largest mall.Delhi and its suburbs are witnessing a race without a finishing line - the rush to build India's largest shopping mall. The players are the top names in the real estate business - DLF, Unitech and Emaar-MGF.
For instance, in the last quarter of the previous financial year, Emaar MGF sold 650 flats, priced at Rs 48-80 lakhs (Rs 4.8-8 million), in its Gurgaon project within a day of launch.
Dubai-based realty major Emaar is setting up a 100 per cent subsidiary in India, though it has an equal joint venture with Delhi-based MGF, a real estate developer and financier.
Volatility in the secondary markets has forced some initial public offers to revise their price bands as markets continue to be plagued by liquidity problems.
Wockhardt Hospitals has reduced the price band of its upcoming IPO, following the volatility of the stock market.
Widening its probe in the Rs 3,600 crore VVIP chopper deal, the ED has begun a trail of "cash" which is suspected to have been paid as alleged kickbacks.
The shops became a subject of a political controversy last week.
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
As per the norms, sanction for prosecution has to be decided within four months time of the CBI seeking such a permission.
If Wednesday was any indication, the rest of the Parliament session will see the two sides scoring brownie points against each other, and the Gandhis can expect more enemy fire directed at them, says Rashme Sehgal.
Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode.
Increase in service tax would make properties costlier to buyers.
A sustained two-digit average rate of return on capital accrued by developers is indicative of India's "build" momentum
The case is understood to be related to the alleged irregularities in land allotment in 2009, sources said.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
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