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 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
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
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
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.
2022-10-18
Bardez mamlatdar Dasharath Gawas has attached the ground plus two bungalow of builder Venkatesh Prabhu Moni, proprietor of Prabhu Constructions at Salvador do Mundo. Possession was handed over to Canara Bank to whom he has defaulted on loan repayment.An order directing Moni to vacate the bungalow measuring 7,681sqm, and to hand over possession within 48 hours.
2022-10-18
The CBI filed a charge sheet against former Dewan Housing Finance Ltd (DHFL) CMD Kapil Wadhawan and 74 others in connection with a Rs 34,615 crore bank fraud case. In its charge sheet filed before a Special CBI court here, the agency has also named then director Dheeraj Wadhawan and former CEO Harshil Mehta as accused in the mega-scam case.
2022-10-18
The Enforcement Directorate has attached assets worth more than Rs 1,317 crore of real estate group IREO, its managing director and vice president Lalit Goyal and associated entities as part of a money laundering investigation. The attached properties include land, commercial spaces, plots, residential houses and bank accounts.
2022-10-18
A mansion built on Dubai’s Palm Jumeirah island has become the most expensive home to be sold in the Persian Gulf emirate, the latest real-estate record as the city’s luxury property sales surge. The villa, called Casa Del Sole, fetched $82.4 million when it was sold in July.
2022-10-18
Heidelberg Cement India Ltd reported a decline of 88.23 per cent in its net profit to Rs 7.01 crore in the second quarter ended September 30, 2022, citing lower sales volume. The company had reported a net profit of Rs 59.56 crore in the year-ago period. Its total revenue from operation was down 12.21 per cent to Rs 506.05 crore during the quarter.
