2022-10-20
Prime Minister Narendra Modi will virtually participate in "grih pravesh" of 4.50 lakh beneficiaries of Pradhan Mantri Awas Yojana (PMAY) on Dhanteras on October 22 in Satna district of Madhya Pradesh. Under the Pradhan Mantri Awas Yojana, 4.50 lakh beneficiaries in the state will get their own houses on the occasion of Diwali.
2022-10-19
ACC, the building materials arm of Adani Group, has reported net consolidated loss after tax of Rs 87.32 crore in the second quarter of the financial year 2022-23. It had posted a profit after tax of Rs 450.21 crore in the corresponding quarter of the previous fiscal. The company's net consolidated income stood at Rs 4,057.08 crore in Q2 FY23.
2022-10-19
The Maharashtra government told the Bombay High Court that Godrej & Boyce Manufacturing Co Ltd had left no stone unturned to create unnecessary hurdles for acquisition of land, owned by the company, for the Ahmedabad-Mumbai bullet train project.
2022-10-19
Technology firms L&T Infotech (LTI) and L&T Technology Services (LTTS) are in talks to pre-lease around 1.4 million sq ft of office space in Chennai's largest commercial space. The lease will be spread over a term of 10 years at the L&T Innovation Campus, a mixed-use development sprawling over 40 acres.
2022-10-19
Ambuja Cements Ltd has issued 47.74 crore warrants to Adani family firm Harmonia Trade and Investment and raised Rs 5,000 crore. Ambuja Cement, now a part of Adani Cement, has issued 47.74 crore warrants at a price band of Rs 418.87. As per the terms and conditions, the Adani group family has contributed Rs 5,000.15 crore, which is "25 per cent of the Limited issued price".
2022-10-19
The Kolkata Metro Rail Corporation (KMRC), implementing agency of East-West Metro, will take up reconstruction of 26 houses that had either collapsed or had to be razed in the Bowbazar cave-in zone. While 23 houses were pulled down after the first subsidence on August 31, 2019, three more houses were demolished after irreparable cracks developed in the subsidence in May this year.
2022-10-19
GVMC commissioner P Raja Babu directed the officials to prepare plans to distribute the TIDCO houses being constructed in various parts of the combined Visakhapatnam district. The housing colonies should get all the infrastructure, including electricity, water, drainage system, greenery, etc. Registrations should be completed for all the eligible beneficiaries.
2022-10-19
The Nashik Municipal Corporation has decided to slap hefty fines on the residential and commercial buildings across the city if their rainwater harvesting systems are found to be non-functional. As per the norms, rainwater harvesting systems are mandatory for residential and commercial buildings constructed on and above 500 sqm plots.
2022-10-19
Realty developer Sunteck Realty has reported 24% year-on-year growth in its pre-sales at Rs 337 crore for the quarter ended September taking its total pre-sales performance in the first half of the financial year to Rs 670 crore, up 49%. During the quarter, the company acquired a land parcel spread over 7.25 acres in Mira Road’s Beverly Park locality through a joint development agreement.
2022-10-18
Purva Asset Management, a unit of realtor Puravankara, has invested Rs 93 crore from its first alternative investment fund (AIF-II) in a plotted development project in Chennai. The project coming up in Guduvanchery has a development potential of 1.3 million sq ft. This is puravankara’s second plotted development project in Chennai.
