Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered double-digit rise
Birla is believed to have bought the property - a 30,000 square feet plot with a built-up area of 25,000 square feet - for personal use.
The arrest of Shiv Sena MP Sanjay Raut in a money laundering case by the Enforcement Directorate (ED) was "illegal" and a "witch-hunt", a special court in Mumbai said on Wednesday while granting him bail in the Patra Chawl redevelopment matter.
Housing sales jumped over 4.5 times year-on-year in April-June across eight cities to 74,330 units on lower base effect, while demand was up 5 per cent from the previous quarter, according to PropTiger data. Housing sales stood at 15,968 units in the April-June period last year and 70,623 units in the January-March quarter of 2022. The price of residential properties rose 5-9 per cent annually, driven by rise in input costs, inflationary pressures and premium attached with ready-to-move-in inventory. Pune and Chennai saw maximum appreciation at 9 per cent each.
Leasing of office spaces witnessed a sharp uptick in the July-September period at 12.5 million square feet across top eight cities on better demand, especially from the IT sector, with economy coming back to normalcy and corporate workforces slowly returning to work from office, according to Knight Frank India. The gross absorption of office space stood at 4.7 million square feet in the corresponding period of the previous year and 3.6 million square feet in the previous quarter, according to Knight Frank's India Real Estate Update - Q3 2021 that was released on Monday through a video conference. The consultant noted that the total office transactions of the eight India markets in Q3 2021 have improved and reached 83 per cent of the 2019 quarterly average level.
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
Maharashtra's "radical" lockdown move will have an economic impact of Rs 40,000 crore, with the trade, hotels and transport sector to bear the biggest dent, Care Ratings said on Monday. The rating agency said the loss of economic activity will have a 0.32 per cent impact on the gross value added (GVA) growth at the national level. It revised down its national GDP growth estimate to 10.7 - 10.9 per cent from the 11 - 11.2 per cent given a week ago. Maharashtra has been contributing nearly 60 per cent to the daily COVID-19 infections nationally and had over 57,000 new cases on Sunday.
Govt says coastal road is meant to decongest Mumbai, experts believe it would be counter-productive.
As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
Mahindra and Mahindra's (M&M) agri business division has forayed into branded pulses space with NuPro brand.
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
The proposed exchange is likely to be almost as big as Mumbai's Bharat Diamond Bourse, now said to be fully occupied.
SBI asked RBI to allow lenders sell loans below the base rates.
Only double-income households can buy flats in India's top 8 cities, except Mumbai
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
The Naukri Job Speak Index, which keeps a track of recruitment trends on a monthly basis, jumped 11 per cent to 1,749 last month.
Launches of new homes reduced drastically this year.
The Board of Control for Cricket in India's secretary Anurag Thakur on Monday gave a clean chit to the three Chennai Super Kings players, who were accused of accepting bribes from a Mumbai-based businessman by former Indian Premier League commissioner Lalit Modi.
Unstable markets have prompted Puravankara Projects, a Bangalore-based real estate company, to revise its initial public offer price from Rs 500-525 per share to Rs 400-450 per share.
A real estate developer, one of the accused held in the 2011 senior journalist Jyotirmoy Dey murder case and who was suspected to be a close aide of underworld don Chhota Rajan, died at a private hospital on Friday following liver failure, police said.
Markets ended weak tracking the expiry of April derivative contracts.
Readers share their mom's special qualities.
Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.
Titan was the top gainer in the Sensex pack, rising over 3 per cent, followed by M&M, Reliance Industries, Axis Bank, TCS, Maruti and Infosys. NSE Nifty surged 122.10 points to 15,885.15.
This is the fifth increase in withdrawal limit since the bank was placed under its direct control with an administrator on September 23. Since then as many as nine depositors have lost their lives including a 74-year-old man from Thane on Monday.
Mumbai witnessed the sharpest decrease in new launches, at 43 per cent during 2014, followed by Hyderabad, with a 30 per cent drop.
Modi's demonetisation move has hit the real estate market in Delhi and Mumbai
Ahead of the 2022 assembly elections, Churchill Alemao 'merged' the NCP with the TMC. The 'merger' took place when Mamata Banerjee was in Mumbai talking to NCP supreme leader Sharad Pawar on how to forge Opposition unity!
'As long as people are eating we will be there,' Rebel Foods CEO Jaydeep Barman tells Viveat Susan Pinto and Niraj Bhatt.
While actor Arjun Rampal's portrayal of gangster Arun Gawli in Daddy is gutsy, producer- writer Arjun Rampal pushes the audience to discover more plot holes than Mumbai citizens encountered this monsoon, says Prasanna D Zore.
Information technology, financials, industrials, consumer discretionary and utilities were the top five sectors to attract significant private equity capital during the quarter.
BJP spokesperson G V L Narasimhra Rao noted that Priyanka's husband Robert Vadra is accused of using "shady methods to make windfall profits from dubious real estate transactions" and said the report of her receiving Rs 2 crore from Kapoor for a painting which was not her own shows that the powerful couple have leveraged their political power to make "private gains".
The group has tied up with property developer Ireo for an office complex and M3M Group for a residential project in Gurgaon
Air India's debt burden is estimated to be more than Rs 50,000 crore, besides huge accumulated losses.
Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure of Kingfisher Airlines. A consortium of 11 banks that gave Mallya loans, led by State Bank of India (SBI), had approached a special Prevention of Money Laundering Act (PMLA) court seeking restoration of his properties seized by the Enforcement Directorate. The special PMLA court in Mumbai on Tuesday allowed the restoration of properties worth Rs 5,646.54 crore to banks.
People are not just splurging on clothes, mobiles and household goods through the online route, they are also looking at cars and even houses.
The national carrier has started approaching Indian banks and public sector undertakings for disposal of these properties including floorspace in prime locations.
Faadu: A Love Story looks like one of those old movies with a socialist bent that glorified honest poverty and looked down upon ambition and enterprise, notes Deepa Gahlot.
Coming from a family that has a 140-year history of growing coffee, Siddhartha, 59, initially dabbled in stock trading and wanted to work as an investment banker in Mumbai after completing his Master's in Economics from Mangalore University.
