Month: October 2021

Eldeco raises Rs 275 crore debt from Tata Capital Housing Finance for its projects

NEW DELHI: Realty firm Eldeco Group on Thursday said it has raised Rs 275 crore debt from Tata Capital Housing Finance Ltd (TCHFL) to fund its ongoing housing projects. The Delhi-based Eldeco group will utilise the fund on its two residential mid- income projects in the national capital region, according to a statement. The company […]

Realty firm Hines, DNR group to invest Rs 650 crore in Bengaluru project

NEW DELHI: US-based realty firm Hines and DNR group will invest Rs 650 crore over the next three years to develop a commercial project in Bengaluru. Hines, a global real estate investment firm with a presence in 255 cities across 27 countries, entered India in 2006. Last year, Hines and Bengaluru-based DNR partnered to develop […]

Modi government invites applications for post of Sebi chairman in place of Ajay Tyagi

NEW DELHI: The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose five-year term comes to an end in February. Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi chairman on March 1, 2017, for […]

Godrej Group headed for split of $4.1 billion business empire: Report

NEW DELHI: The $4.1 billion Godrej Group, spanning from soaps and home appliances to real estate, is headed for a split between the brothers, sources aware of the matter said, citing external advice the family has sought for an amicable division of the 124-year-old conglomerate. At present, the group is led by veteran industrialist Adi […]

Dalmia Cement to set up Rs 577 crore plant in Jharkhand’s Bokaro

NEW DELHI: Dalmia Cement will set-up a 2 million tonne plant at Jharkhand’s Bokaro at an estimated cost of Rs 577 crore, Jharkhand government said on Friday. The Jharkhand government has ensured allotment of land for the cement plant, a statement from the state government said. The cement maker had expressed commitment in this regard […]

CAIT pegs Rs 50,000 crore losses to Chinese exporters this Diwali

NEW DELHI: Trader’s body CAIT on Friday said it estimates Chinese exporters to suffer business losses worth Rs 50,000 crore this Diwali season due to its boycott call. The Confederation of All India Traders (CAIT) also expects that consumers may spend about Rs 2 lakh crore during the Diwali festival sale period. “Like previous year, […]

India, ADB sign $251 million loan for integrated urban flood management in Chennai

NEW DELHI: The Government of India and the Asian Development Bank (ADB) today signed a $251 million loan for climate-resilient, integrated urban flood protection and management in the Chennai-Kosasthalaiyar basin to strengthen resilience of Chennai city to floods. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance signed for the […]

Narendra Modi inaugurates 9 Medical Colleges in Uttar Pradesh

NEW DELHI: Prime Minister Narendra Modi inaugurated 9 Medical Colleges in Siddharth Nagar, UP. These nine medical colleges are in the districts of Siddharthnagar, Etah, Hardoi, Pratapgarh, Fatehpur, Deoria, Ghazipur, Mirzapur and Jaunpur. Governor and Chief Minister of Uttar Pradesh. Addressing the event, the Prime Minister said the Union Government and the Government of Uttar […]

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