Bhagwant Mann orders probe on why public debt swelled to Rs 3 trillion
NEW DELHI: Punjab Chief Minister Bhagwant Mann on Monday ordered an inquiry into how the state has a whopping public debt of Rs 3 lakh crore and where was the money spent. “We will inquire as to where the money was spent and will order recovery into where this money was spent. This was the […]
Private equity inflow in realty sector declines 47% to $1 billion in January-March 2022
NEW DELHI: Private equity investment into the Indian real estate sector fell 47 per cent to USD 1 billion during January-March this year compared to the year-ago period, but the inflows jumped over 4.5 times from the previous quarter, according to property consultant Savills India. The PE (Private Equity) inflows stood at USD 1.9 billion […]
Ashok Leyland to enter used commercial vehicles business
NEW DELHI: Hinduja Group flagship Ashok Leyland on Monday said it has joined hands with Mahindra First Choice Wheels to enter the used commercial vehicles business. The company has inked a MoU with Mahindra First Choice Wheels Ltd (MFCWL) in this regard. The phygital platform, as part of the partnership, will facilitate an exchange and […]
BMW launches X4 Silver Shadow Edition; price starts at Rs 71.9 lakh
NEW DELHI: German luxury carmaker BMW on Monday launched the ‘Silver Shadow Edition’ of its X4 model with price starting at Rs 71.9 lakh (ex-showroom). Locally produced at BMW Group plant in Chennai, the new exclusive edition comes in both petrol and diesel engine options. The petrol engine variant has a 2-litre engine with a […]
Indiabulls Real Estate to use Rs 865 crore QIP proceeds to buy land, pay debt
NEW DELHI: Indiabulls Real Estate on Monday said it will utilise Rs 865 crore raised by issuing shares to institutional investors mainly for land acquisition and debt reduction. The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12. In a regulatory filing, Indiabulls Real Estate […]
British Prime Minister Boris Johnson facing new ‘partygate’ claims ahead of India visit
NEW DELHI: British Prime Minister Boris Johnson is facing new allegations on Monday around partygate, the scandal surrounding government officials breaching coronavirus rules with illegal lockdown gatherings, and will be hoping to escape some of the heat when he leaves for India on Thursday. Johnson has already been fined for one such party, for his […]
JLR opens bookings for Discovery Metropolitan Edition
NEW DELHI: Jaguar Land Rover India (JLR) has opened bookings for the all-new Discovery Metropolitan Edition with prices starting from Rs 1.26 crore (ex-showroom), the company said on Monday. The latest seven-seater SUV comes with many upgrades and enhanced new age features, JLR said in a statement. Available with the P360 Ingenium petrol engine and […]