Friday 22nd February 2019,
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Private equity inflows in real estate at Rs 46,200 crore in 2018; Mumbai records largest share

Private equity inflows in real estate at Rs 46,200 crore in 2018; Mumbai records largest share

Private equity inflows touched Rs 46,268 crore in 2018 with Mumbai recording the largest share of 27 percent of investments among all cities, as per a report by Cushman & Wakefield. Office sector led the investment in flows commanding 46.4 percent of the annual fund flows. Residential segment investments accounted for a 29 percent share of [...]

February 11, 2019 Loknath Das Real Estate Comments Off on Private equity inflows in real estate at Rs 46,200 crore in 2018; Mumbai records largest share

Wealth of top 100 Indians in the real estate sector totals Rs 236,610 crore: Hurun report

Wealth of top 100 Indians in the real estate sector totals Rs 236,610 crore: Hurun report

Richest Indian families The total wealth of top 100 Indians in the real estate sector stood at Rs 236,610 crore – up by 27 percent against 2017, says the GROHE Hurun India Real Estate Rich List 2018. The financial capital of India, Mumbai dominates the list followed by New Delhi and Bengaluru. In Fact, the [...]

November 21, 2018 Loknath Das Real Estate Comments Off on Wealth of top 100 Indians in the real estate sector totals Rs 236,610 crore: Hurun report

Real estate firm Puranik may raise Rs225 crore from IndoStar Capital

Real estate firm Puranik may raise Rs225 crore from IndoStar Capital

Mumbai: Puranik Builders Pvt. Ltd, a Mumbai-based residential real estate developer, is in talks to raise Rs225 crore from Everstone Capital backed non-banking financial services company (NBFC) IndoStar Capital Finance Ltd, two people aware of the development said. Talks between the two parties are at an advanced stage and the transaction is expected to close [...]

January 27, 2017 Saheli Real Estate Comments Off on Real estate firm Puranik may raise Rs225 crore from IndoStar Capital

ED finds over Rs 104 crore in BSP account; Mayawati’s brother under scanner

ED finds over Rs 104 crore in BSP account; Mayawati’s brother under scanner

The Eneforcement Directorate on Monday detected cash deposits totalling over Rs.104 crore in an account belonging to the Bahujan Samaj Party and Rs 1.43 crore in an account belonging to party Supremo Mayawati’s brother Anand in a branch of United Bank of India in New Delhi, sources in the Enforcement Directorate said. Officials said the [...]

December 26, 2016 Saheli News Comments Off on ED finds over Rs 104 crore in BSP account; Mayawati’s brother under scanner

Sebi Imposes Rs 2 Crore Fine On Saradha Realty, Three Others

Sebi Imposes Rs 2 Crore Fine On Saradha Realty, Three Others

New Delhi: In the high-profile Saradha Realty case, the Securities and Exchange Board of India (Sebi) on Friday imposed a fine of Rs 2 crore on the company, its chief Sudipta Sen and two directors for failing to comply with its earlier directions to wind up illicit money-pooling schemes and refund the investors. Saradha Realty, as also its promoters [...]

October 18, 2016 Saheli Real Estate Comments Off on Sebi Imposes Rs 2 Crore Fine On Saradha Realty, Three Others

RCom to sell 51% in tower biz to Canadian firm for Rs 11,000 crore

RCom to sell 51% in tower biz to Canadian firm for Rs 11,000 crore

Debt laden Reliance Communications Ltd (RCom) of the Reliance Anil Dhirubhai Ambani Group has signed a non-binding term sheet for the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore. Under the term sheet, the specified assets are intended [...]

October 15, 2016 Saheli Business Comments Off on RCom to sell 51% in tower biz to Canadian firm for Rs 11,000 crore

Reliance Communications, Aircel merge; create entity of Rs 65,000 crore

Reliance Communications, Aircel merge; create entity of Rs 65,000 crore

NEW DELHI: In the biggest consolidation deal in India’s telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore. RCom and Maxis Communications Berhad (MCB) hold 50% each in the merged entity with equal representation on the board and [...]

September 14, 2016 Saheli Business Comments Off on Reliance Communications, Aircel merge; create entity of Rs 65,000 crore

SC directs real estate firm Unitech Limited to deposit Rs 15 crore Read more at: http://economictimes.indiatimes.com/articleshow/53740881.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

SC directs real estate firm Unitech Limited to deposit Rs 15 crore   Read more at: http://economictimes.indiatimes.com/articleshow/53740881.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

NEW DELHI: Embattled real estate firm Unitech Ltd was today directed by the Supreme Court to deposit Rs 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurgaon project but not got possession on time. “We feel pained,” a bench of Justices Dipak Misra and U U Lalit [...]

August 18, 2016 Saheli Real Estate Comments Off on SC directs real estate firm Unitech Limited to deposit Rs 15 crore Read more at: http://economictimes.indiatimes.com/articleshow/53740881.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Rustom box office day 3 collection: Akshay Kumar’s film makes Rs 50 crore

Rustom box office day 3 collection: Akshay Kumar’s film makes Rs 50 crore

Akshay Kumar’s Rustom is reaching new heights with each passing day at the box office. The movie, which is loosely based on the infamous case of KM Nanavati vs State of Maharashtra, struck the right chords with the audiences. Despite the box office clash with director Ashutosh Gowariker’s Mohenjo Daro starring Hrithik Roshan and Pooja [...]

August 15, 2016 Saheli News Comments Off on Rustom box office day 3 collection: Akshay Kumar’s film makes Rs 50 crore

Tata Chemicals to sell urea business to Yara for Rs2,670 crore

Tata Chemicals to sell urea business to Yara for Rs2,670 crore

Mumbai: Tata Chemicals Ltd has agreed to sell its urea plant in Babrala, Uttar Pradesh, to the Indian unit of Norway-based Yara International ASA for Rs.2,670 crore, as it seeks to position itself as a maker of consumer products rather than fertilizers. The transaction, the first cross-border deal in the fertilizer industry, doesn’t include specialty [...]

August 14, 2016 Saheli Business Comments Off on Tata Chemicals to sell urea business to Yara for Rs2,670 crore

Zee Learn Q1 net profit doubles to Rs 8.01 crore

Zee Learn Q1 net profit doubles to Rs 8.01 crore

Education services player Zee Learn has posted a 50.6% rise in net profit for the first quarter ended June 30, 2016. The company posted net profit of Rs 8.01 crore for the first quarter of FY17 compared to Rs 3.95 crore posted in same quarter of FY16. The company reported Rs 7.76 crore profit in the [...]

August 6, 2016 Saheli Education Comments Off on Zee Learn Q1 net profit doubles to Rs 8.01 crore

Adani Group starts building trans-shipment port in Kerala, Centre promises grant of Rs 1,600 crore

Adani Group starts building trans-shipment port in Kerala, Centre promises grant of Rs 1,600 crore

The Adani group has started construction on India’s first trans-shipment port – an intermediary port that allows container ships to offload before their journeys end, Reuters reported. The Indian government will give the Adani Group a grant of Rs 1,600 crore for the project, which it hopes will bring in new business by competing with [...]

July 29, 2016 Saheli News Comments Off on Adani Group starts building trans-shipment port in Kerala, Centre promises grant of Rs 1,600 crore