Karnataka to ink 12 pacts with partner countries soon
BENGALURU: Karnataka would sign 12 agreements with global innovation alliance (GIA) partner countries at the Bengaluru Tech Summit from November 19-21, Deputy Chief Minister C.N. Ashwath Narayana said on Monday. “The 12 agreements will be signed with GIA partner countries, mostly in Europe, at the ensuing three-day Bengaluru Tech Summit,” Narayan, who holds the portfolios […]
Oaktree, Adani, and Piramal submit higher bids for DHFL
NEW DELHI: Interested bidders have submitted higher bids for DHFL to the Committee of Creditors, (CoC). DHFL COC is likely to meet early next week to consider the revised bids from all the bidders. Dewan Housing Finance Corporation Ltd. (DHFL) is a deposit-taking housing finance company, headquartered in Mumbai with branches in major cities across […]
RMZ Corp joins Well Living Lab Alliance
NEW DELHI: RMZ Corp recently joined the Well Living Lab Alliance, a global consortium of organizations aspiring to transform the indoor environments where people live, work, and play. The Well Living Lab, a collaboration of Delos and Mayo Clinic, is committed to enhancing human health and well-being in indoor environments. Highly reconfigurable with sensor-rich technology, […]
Signature Global launches two new IGBC Gold Rated Affordable Housing Projects in Gurugram
NEW DELHI: Gurgaon-based real estate developer Signature Global has launched two new projects- Signature Global Superbia, Sector 95 and The Millennia 3, Sector 37D in Gurgaon under Haryana Affordable Housing Policy. With these two projects, the group has successfully beaten Covid blues by launching a total of 7 new projects this year, taking the total […]
Godrej enters financial services through the launch of Godrej Housing Finance
NEW DELHI: The Godrej Group, one of India’s leading conglomerates, today announced its entry into the financial services industry. With Godrej Housing Finance (GHF), the Group aims to build a long term, sustainable retail financial services business in India, aiming for a balance sheet of ~Rs 10,000 crore in the next three years. Godrej Housing […]
PTC India Q2 net profit down 3.8% to Rs 194 crore over lower power generation
NEW DELHI: Power trading solutions provider PTC India on Monday reported a 3.8 per cent decline in consolidated net profit at Rs 193.64 crore in the September quarter, mainly due to lower wind power generation by one of its arm. The company had posted a net profit of Rs 201.35 crore in the September quarter […]
Prestige group to sell commercial projects to Blackstone for Rs 9,160 crore
NEW DELHI: Bengaluru-based Realty firm Prestige Estates Projects Ltd on Monday said it has agreed to sell a large portfolio of office, retail and hotel properties to global investment firm Blackstone for an enterprise value of Rs 9,160 crore. The company has signed term sheets on Monday with the Blackstone group, and the deal is […]
JK Cement’s Q2 net profit jumps almost 3-fold to Rs 221.55 crore
NEW DELHI: JK Cement Ltd on Monday reported almost three-fold jump in consolidated net profit at Rs 221.55 crore for the second quarter ended September 2020. The company had posted a net profit of Rs 79.50 crore in July-September period a year ago, JK Cement said in a regulatory filing. Its revenue from operations rose […]
Shapoorji Pallonji’s Joyville sells 800 housing units in Pune for Rs 400 crore
NEW DELHI: Businessconglomerate Shapoorji Pallonji’s mid-income housing platform Joyville has sold over 800 units in its new housing project in Pune for around Rs 400 crore on improved demand post lockdown. Last month, the company had said it would invest around Rs 1,200 crore to develop a new residential project in Pune. Joyville is a […]
Peak power demand expected to touch record 5,400 MW this winter in Delhi
NEW DELHI: As winter has set in early in Delhi, the peak power demand of the city in the season is expected to touch a record high of 5,400 MW, discom officials said on Monday. The peak power demand of Delhi in the last winter season was 5,343 MW on January 1, 2020, they said. […]
BOC Aviation delivers first of four Airbus A321NEO aircraft to Indigo
NEW DELHI: Singapore-based lessor BOC Aviation said that it has delivered the first of four new Airbus A321NEO aircraft for lease to IndiGo. The aircraft will be powered by CFM Leap engines. Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are very pleased to deliver the first of four new Airbus […]