The Enforcement Directorate is examining a request from the Central Bureau of Investigation asking it to attach properties of DB Realty worth over Rs 200 crore of DB Group under the stringent Prevention of Money Laundering Act.
Several on-site labourers in the city want to take special trains being run to transport workers back home. The rising number of COVID-19 cases in the city has caused anxiety among them.
Both lenders and Etihad are not comfortable with the entities holding stake in Jet as they have no proven credentials in running a big business
They are small town boys who went on to make it big in global financial powerhouses.
Most group firm MDs will report to Nusli Wadia's younger son.
Dr Reddy's was the top gainer in the Sensex pack, rising over 3 per cent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries. On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
Ashok Piramal Group company Peninsula Land has inked a property deal worth Rs 1,200 crore (Rs 12 billion) with Essar Realty Holdings, the realty arm of the Essar Group, to sell and lease premises at its upcoming IT park named Peninsula Technopark on LBS Marg in Kurla. The deal was signed recently, according to sources.
In its latest report for the office market, property consultant Cushman and Wakefield said the total seats leased by enterprises could cross 50,000 during the 2021 calendar year. Enterprises had leased 18,213 seats in the first six months of the 2020 calendar year and 36,255 desks during the entire last year.
Rogue lending under political influence was rife in the Congress-led regime and is not happening in the Modi regime, certainly not on that scale. But if PSBs cannot lend as indiscriminately as they did last time in the name of 'credit expansion', how well will these banks do, asks Debashis Basu.
The revival in Mumbai's property market could help the group.
Demonitisation will facilitate transparency in the real estate industry, which has had a notorious reputation as a safe locker for black money, says Saket Mohta.
The Indian bourses on Monday pared all its gains and slipped into the red towards the end of the trading session owing to weakness in the metal and realty stocks.
According to official figures, only 30 per cent of the total population in Assam has bank accounts, reports K Anurag
The company received a fresh equity infusion in 2012-13.
Amid slowdown, the company is buying quality land parcels at marquee locations across the country.
ICICI Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, HDFC twins, SBI, L&T, ONGC and Infosys. On the other hand, Sun Pharma, Asian Paints, Nestle India, UltraTech Cement and HUL declined. NSE Nifty rose by 79.60 points or 0.67 per cent to 11,914.20.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
Textiles-to-aviation conglomerate Wadia Group, which made a foray into the real estate space recently with a new company Bombay Realty, on Tuesday launched a fully integrated, mixed use development project -- 'Island City Centre' -- in south central Mumbai.
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
In a breather to the Mumbai-based realty developer G L Raheja group in its long-drawn legal battle with Wadia Group Chairman Nusli Wadia over a 478-acre prime plot in Malad, Mumbai, the Bombay High Court on Thursday allowed an appeal filed by a Raheja unit against an earlier order, which was in favour of Wadia.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
This is the latest in a series of large office space buyouts by RMZ Corp which has created a portfolio of rent-yielding commercial assets in India.
Zinedine Zidane, Donald Trump, Steve Waugh have all lent their name to realty projects in the country.
Money laundering is punishable under the provisions of PMLA.
During the arguments on the bail pleas, ED had argued that the accused had committed the offence of money laundering punishable under provisions of PMLA.
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
Corporate honchos from real estate sector to manufacturing to textile say the Budget does not have enough to help their sectors
Integrated entity for realty, infrastructure sector
On Tuesday, the authorities sealed a Saradha office at the Lalganesh area in Assam, after protestors ransacked the office.
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
He is the man behind Blackstone's India strategy
All the corporate accused had challenged the special CBI court's order declining their bail pleas and directing their arrest on April 20.
Despite a 56 per cent fall in residential launches in the first half of the year compared to the second half of 2019, Anarock Property Consultants believes that consolidation in residential real estate is expected to gain ground, and that branded players may garner a market share of 75-80 per cent.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
The CA insitute had asked the SFIO numerous times for details against the auditor, but it has not been furnished till now
To cost Rs 45 lakh all inclusive for one bedroom flat and Rs 65 lakh for two-bed room flat.
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