Realty firm DLF raises Rs 500 crore through NCD issue to investors
NEW DELHI: Realty firm DLF on Thursday said it has raised Rs 500 crore through the issue of non-convertible debentures (NCD) to investors. In a regulatory filing, DLF informed that the allotment committee has allotted 5000 senior, secured rated listed redeemable non-convertible debentures (NCDs) with a face value of Rs 10 lakh each. The tenure […]
Uttar Pradesh approves scheme offering affordable rental housing for urban poor
LUCKNOW: The Uttar Pradesh government will start a scheme offering affordable rental housing for poor people living in cities and a proposal to this effect was approved by the state cabinet presided over by Chief Minister Yogi Adityanath, an official release issued here on Friday said. Under the Affordable Rental Housing and Complexes (ARHC) scheme, […]
Godrej Properties sells 275 flats worth Rs 475 crore in a day in Noida
NEW DELHI: Realty firm Godrej Properties Ltd on Friday said it has sold over 275 flats worth Rs 475 crore within one day at its new housing project at Noida. Mumbai-based Godrej Properties entered the NCR market in 2010 and has so far added 17 projects across five cities. Six projects have already been delivered. […]
Sensex rallies 568 points; Nifty reclaims 14,500 level
NEW DELHI: Equity benchmark Sensex rallied 568 points and Nifty reclaimed the 14,500 mark on Friday, tracking gains in index majors HDFC twins, HUL and ICICI Bank amid a positive trend in global markets. The 30-share BSE index ended 568.38 points or 1.17 per cent higher at 49,008.50. The broader NSE Nifty surged 182.40 points […]
ED raids ex United Bank of India CMD Archana Bhargava
NEW DELHI: The Enforcement Directorate (ED) on Friday said it has searched two premises of former United Bank of India (UBI) CMD Archana Bhargava in connection with a money laundering investigation. It said the action against the banker, also a former executive director of Canara Bank, was undertaken in Delhi under provisions of the Prevention […]
Gaurs Group to complete 10,964 Amrapali units, NBCC awards tender worth 2124 crores
NEW DELHI: NCR-based developers Gaurs group said that it has been awarded four tenders from state-run NBCC worth Rs 2,124 crore for stuck Amrapali Projects – Verona Heights, Heartbeat City and Amrapali Centurian Park with a total inventory of 10,964 flats. “Having invested in construction over the years, we are increasing our presence in the […]
CBI books DHFL over fictitious home-loan accounts
NEW DELHI: The CBI has booked the DHFL and its directors for allegedly creating over 2.60 lakh fictitious home-loan accounts, some of which were used to claim interest subsidies in the Pradhan Mantri Awas Yojna (PMAY), officials said on Wednesday. The irregularities were pointed out in the report of auditor Grant Thornton, appointed by the […]
CBI searches 100 locations across India in 30 bank fraud cases
NEW DELHI: The Central Bureau of Investigation (CBI) on Thursday conducted searches at more than 100 places across India in connection with more than 30 cases of bank fraud amounting to over Rs 3,700 crore, officials said. A CBI spokesperson here said that the searches are part of a special drive to book the fraudusters […]