Anticipating increase in demand for space following opening up of FDI further in retail sector, realty major Unitech will invest up to Rs 4,000 crore to develop 13 shopping malls over the next four years.
Approaches Morgan Stanley, GIC and Blackstone
DLF, Unitech and other real estate developers may lower prices up to 30 per cent by mid-2009 to nudge buyers out of their "wait and watch" stance, according to experts.
Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.
A bench headed by Justice H L Dattu turned down the plea of CBI which had approached the apex court for cancellation of bail after Chandra was allegedly caught on tape trying to influence A K Singh, the then public prosecutor in the case.
A bench headed by Justice G S Singhvi granted two weeks time to Chandra to file his response on CBI's petition alleging that he had misused the relief given to him by approaching the then CBI prosecutor A K Singh and trying to 'materially interfere' with the prosecution in an 'attempt to influence' the conduct and outcome of the trial.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
Radia, chairperson of Vaishnavi Corporate Communications and Tata, chairman of Tata sons Limited, have been asked by the PAC to appear before it on April 5 at 11 AM and 3 PM respectively to give 'oral evidence' on the subject 'recent developments in the telecom sector including allocation of 2G and 3G spectrum'.
Unitech is pinning its hopes on the sub-Rs 5 lakh category of flats to counter the slowdown in the property sector. So are a host of others. Apart from Unitech, others such as Omaxe, Raheja, Tata Housing and Ansal API are planning new projects in the suburbs of satellite towns or smaller cities to target the bottom segment, to generate more cash.
The Norway-based firm, Telenor, entered India through a joint venture with Unitech Wireless.
The corporate honchos who are behind bars for their alleged involvement in the 2G scam will have to celebrate Diwali in jail as the Supreme Court on Friday deferred the hearing on their bail pleas to Octocer 31.
A bench headed by Justice Madan B Lokur asked the Centre as to what action has been taken in the matter.
The Central Bureau of Investigation on Wednesday registered eight more preliminary enquiries in connection with issues related to intercepted phone calls of lobbyist Niira Radia against former Jharkhand Chief Minister Madhu Koda, Reliance Industries Limited and others in separate cases.
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.
Sigve Brekke, vice president and Asia-head of the Norway-based mobile major Telenor has played a big role in Telenor's aggressive Asian foray. Brekke spoke of his plans for Telenor's joint venture with real-estate firm Unitech.
These builders had collected the taxes from prospective buyers but had failed to deposit them.
The Supreme Court has asked the CBI to place before it the "files and notings" which purportedly suggest that its Director Ranjit Sinha wants stopping of whole trial against Reliance Telecom Ltd (RTL) and three top executives of the Reliance ADAG, who are accused in the 2G spectrum scam case.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
The decision was taken by an inter-ministerial Board of Approval.
Govt relaxed norms for the floor area ratio and ground coverage for plots.
Puneet Wadhwa and Debashish Pachal locate real estate stocks to watch out for.
The restraint on part of investors was chiefly because of RBI's minutes of its December policy meeting, which showed that some members were concerned about rising oil prices, its inflationary impact and possibility of fiscal slippage.
From crisis leaders to future Goliaths, India Inc saw them all in 2017, says Shailesh Dobhal.
NTPC, Sun Pharma Coal India and Asian Paints were among top losers on BSE Sensex
The Central Bureau of Investigation has informed Supreme Court that it has "so far" not found any criminality in the 14 preliminary enquiries registered on the basis of intercepted conversations of corporate lobbyist Niira Radia.
Broader market underperformed the headline indices with BSE Midcap and BSE Smallcap finishing in red
Though the developments are positive, analysts say the benefits will accrue only in the long run
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
The court said a 'scam was created when there was none'.
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Experts say in the serviced apartments space, developers, primarily from the hospitality sector, are targeting non-resident Indians, expatriates and now, even domestic investors.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
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