LAVASA SOLD
Ashiana to invest Rs 400 crore to develop a Chennai senior housing project
Real estate developer Ashiana plans to invest Rs 400 crore to develop a senior housing project in Chennai's Mahindra World City, held under perpetual lease. The senior living project has 258 units in the first phase and is expected to be constructed in 8 years.
Union Bank contests NCLT-approved plan for Lavasa Corp, seeks revocation
"In spite of clear directions from this Tribunal to place the modified or fresh resolution plan before the consolidated CoC (committee of creditors) for their consideration, the respondent no 1 (Verma) with malafide intention and in connivance with the respondent 2 (DPIL) instead of placing the modified or fresh resolution plan and without taking into account valuation of assets of the debtor at that point of time, or February 2023," which the bank's petition said misrepresented facts.
How the dream of an idyllic private hill city took shape — and then crashed into reality
Lavasa, India's first new hill station since the end of British colonial rule, has been given a new lease of life. After being partially built and facing environmental and regulatory issues, the National Company Law Tribunal has approved a resolution plan, with Darwin Platform Infrastructure winning the bidding to build the city. Lavasa, originally the dream project of Ajit Gulabchand, will be delivered to homebuyers within five years of receiving environmental clearance, with actual future construction costs being payable to Darwin.
MahaRERA cautions homebuyers against 308 projects facing insolvency proceedings
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has alerted homebuyers to over 308 real estate projects that are under insolvency or bankruptcy proceedings in key property markets including Mumbai, Navi Mumbai Thane, Pune, and rest of Maharashtra. While the inventory of 115 ongoing and 32 completed projects were more than 50% sold and registered, 193 projects’ registration had lapsed.
Loans of Jaypee Infra, VOVL and GTL among 15 that may be sold to bad bank
Videocon Industries affiliate VOVL Ltd, real estate company Jaypee Infratech, telecom infrastructure provider GTL Ltd, Visa Steel and Meenakshi Energy are among the 15 companies with aggregate loans amounting to ₹50,335 crore that commercial banks plan to sell to the newly-formed bad bank, National Asset Reconstruction Company of India (NARCL), said people aware of the matter.
Bullish on Adani Group, Bosch, TCS: Deven Choksey
“The growth story is still unfolding in power, power distribution, renewable energy or for that matter alternative materials and green energy. All these areas, along with infrastructure like ports, roads, railways, airports, are areas where I see a significant amount of traction happening.”
- Go To Page 1
Covid 3.0 looming, diagnostic stocks may bounce back: Sandip Sabharwal
"There could be some positive fillip for diagnostic companies in the near term, especially given the fact that many of them have sold off 20 to 40% from the top and so there could be some bounce back. "
Avoid 'buy now, pain later' stocks; be safe with larger banks, IT & pharma: Dinshaw Irani
“Our recommendation is stay away from smaller banks which have unsecured books up to their neck and stay with the larger banks where there is consistency of growth.”
Two new bidders for Lavasa
Two bids from Alchemist ARC president Srishti Dhir along with her brother Madhav Dhir and little known Darwin Projects are being considered by lenders, three people familiar with the bids said. Srishti Dhir confirmed that she has bid in her personal capacity in association with her brother Madhav. Srishti is the elder child of Alchemist ARC promoter Alok Dhir. Darwin Projects could not be reached.
Lok Sabha adjourned for the day amid repeated disruptions over Pegasus row
This was the second day of the Monsoon Session that the House could not transact any legislative business. On Monday, the Opposition had disrupted the proceedings over a variety of issues, including price rise and three farm laws.
Pegasus Project: Numbers of Rahul Gandhi, Prashant Kishore, 2 BJP ministers, Lavasa were potential spyware targets: Report
The Wire news portal, in the second part of its revelations from the international collaborative investigation called the Pegasus Project, reported that the phone number of West Bengal Chief Minister Mamata Banerjee's nephew and TMC MP Abhishek Banerjee and 11 phone numbers belonging to the Supreme Court staffer and her close relatives, who accused former Chief Justice of India Ranjan Gogoi of sexual harassment in April 2019, were selected as targets for surveillance.
Unlock value of your assets: 5 points to consider when liquidating assets to rebuild your finances
Many people believe that something set aside and not used is valuable. Add to that the virtue that is made of sacrifice, frugality and denial of material comfort. We emerge as people who hold on to assets, but never see them as things we should use for our own comfort.
Public sector banks list Rs 82,500 crore NPAs for bad bank
According to banking sources, work is progressing on multiple fronts to ensure that the bad bank starts operations as soon as possible. On Wednesday, bankers met to finalise the capital structure of the bad bank (NARCL). Sources said that the company would need at least Rs 6,000-crore capital of equity and debt to start operations.
3 of every 4 F&O stocks record negative returns in May series
Out of 210-odd F&O stocks on NSE, 149 ended the May series in the red.
ETMarkets After Hours: HCC tanks 17%, metals pack shines
HCC witnessed the biggest spurt in open interest at 45.81 per cent.
Union Bank plans to auction loans worth ₹5,900 crore
The list includes five power projects with outstanding loans of Rs 1,509 crore and six metals companies with loans of Rs 1,583 crore.
Card, Aadhaar enabled payments at all PDS, fertiliser depots soon
Finance Secretary Ashok Lavasa said over 1.7 lakh PoS machines have already been installed at public distribution system (PDS) shops and more will be done in next few months.
Private Equity firms attend meet with FinMin on FDIs
For 2016, private equity investors bet $15.2 billion across 620 deals making it the second biggest year for such investments in India.
Difficult to find buyers for asset monetisation: Hindustan Construction Company
"In a different vein, the efforts of HCC Infrastructure to effect stake sale have been limited by contractual obligations imposed by the NHAI," HCC Chairman Gulabchand said.
ICICI Bank sells Rs 250 crore Lavasa NCDs to Arcil
The private sector lender had bought these NCDs at a coupon of 9 per cent per annum that is secured with the company’s 747 acres.
Sensex, Nifty hit fresh lifetime high; top ten stocks in focus
“The market breadth has improved but the volumes have yet to pick up ... we maintain our short-term bias up,” says Sharekhan in a note.
Ten stocks in focus in Wednesday morning trade
Indian markets are expected to trade in a range. Here is a list of ten stocks which are likely to be in focus today.
Not involved in illegal land acquisitions in Lavasa: Sharad Pawar
Pawar sought to dismiss charges that he and his family were involved in illegal land acquisitions in Lavasa, India's first planned hill city project in Maharashtra.
RBI shatters Lavasa's debt recast hopes
The troubled real estate firm's efforts to escape the stigma of bad debt suffered a jolt with the RBI rejecting a request to confer infrastructure status on its loans.
Lavasa land case: High Court gives Maharashtra government last chance to file reply
HC gave an ultimatum to the Maha govt to file its reply in a petition by tribal brothers alleging that their lands were usurped for constructing Lavasa township.
Investors shy away from infrastructure cos neck deep in loans like GMR, Lanco and GVK
Investors are refusing to touch infrastructure companies with a barge pole, fearing a wipeout after most of these stocks crashed.
Technical panel of environment ministry visits Lavasa
Team members told reporters at the site that they met all the parties in the course of their visit and will submit their findings to the high court on January 10.
HC stays MoEF order on Lavasa
The Bombay HC on Tuesday ordered an interim stay on a directive from the environment ministry to Lavasa Corporation to stop construction at a township project near Pune.
Pawar, Jairam face off on Lavasa showcause notice
The dividing line between politics and business seems to have blurred, with Union Agriculture Minister Sharad Pawar attacking the environment ministry's showcause notice to the Lavasa lake city project.
Load More
