2022-09-28
The country's fifth largest cement maker Birla Corporation Ltd will invest USD 1 billion over the next eight years to ramp up its capacity to 30 million tonne from the present 20 million tonne. The plan entails the installation of a four-million tonne per annum each capacity in a greenfield project and brownfield expansion. While a two million tonne output increase will come from the de-bottlenecking of existing facilities.
2022-09-28
Global fund Blackstone raised around USD 325 million (about Rs 2,650 crore) by selling its shares in Embassy Office Parks REIT to monetise part of its investment. Abu Dhabi Investment Authority (ADIA) and Kotak have bought shares in the block deal. ICICI Prudential, HDFC Life and Kotak Mutual Fund are among other buyers.
2022-09-28
New York Life Insurance Co, US based mutual life insurance company, has proposed to invest Rs 196 crore for a 49% equity stake in a commercial project of Max Estates’ SPV in Noida. The land spread across 4 acre in Sector 129, Noida was acquired by Max Estates, the real estate arm of Max group, from Axis Bank for Rs 220 crore.
2022-09-28
An action-taken report by a joint committee headed by Delhi Pollution Control Committee (DPCC) found several violations during construction of a shopping complex near Anand Vihar. The violations included causing air pollution, destruction of trees and drawing groundwater without a permit.
2022-09-28
State Bank of India has moved the National Company Law Tribunal (NCLT) to initiate insolvency action against Jaiprakash Associates Ltd, the flagship company of Jaypee group, putting the fate of thousands of homebuyers in Jaypee Greens, Jaypee Wishtown and Jaypee Greens Sports City, including the F1 track, in uncertainty. The number of units that will be impacted was not readily available.
2022-09-28
All houses in Raipur will have a digital door number and a unique code will identify every house. The new system will help denizens get emergency and essential services sitting at home. With the installation of digital door numbers on all 3.15 lakh houses in the city, the landlord will get 26 types of essential and emergency services.
2022-09-28
More than five years after the Vadodara Municipal Corporation (VMC) razed 1,428 dwellings and 78 shops in Sahakarnagar, a housing project under the Pradhan Mantri Aawas Yojana in Tandalja will finally take off. The civic body had razed the dwellings and the shops in July 2017 in Sahakarnagar promising houses under a scheme on the same land for urban poor.
2022-09-27
The Goa government announced the scrapping of amendments to the Town and Country Planning Act in what is being seen as a victory for protesting environmental activists and some political outfits. State Town and Country Planning Minister Vishwajit Rane said the amendments were being scrapped as even keeping them in abeyance would have caused more doubts among people on the intention of the government.
2022-09-27
The Haryana government has started the verification of structures built in forest areas of four villages of Faridabad. Officials in the forest department said they would need four days to verify the status of the land and anyone found to have built the structures illegally would be sent show-cause notices from next week.
2022-09-27
The Nagpur Improvement Trust (NIT) has increased charges for giving no-objection-certificate (NOC) for amalgamation (merging) and division of its leased plots. The charges have been increased 2.5 times, from Rs10,000 to Rs25,000. The proposal was to recover 2% of ready reckoner value, which would have been many times higher compared to the existing charges of Rs10,000.
