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Brigade Enterprises posts Rs 19.58 crore profit in Q4 FY21

NEW DELHI: Brigade Enterprises has recorded Rs 19.58 crore net consolidated profit during the quarter ended March 2021. It had reported a loss of Rs 11.02 crore in the corresponding quarter previous fiscal, the company said in a BSE filing. The company’s net consolidated income stood at Rs 820.86 crore in Q4 FY21, a growth […]

Orient Cement’s shares zoom nearly 10% after Q4 results

NEW DELHI: Shares of Orient Cement Ltd on Tuesday jumped nearly 10 per cent after the firm reported more than two-fold jump in net profit in the fourth quarter ended March 2021. The stock rallied 9.90 per cent to Rs 133.70 — its 52-week high — on the BSE. At the NSE, it gained 8.83 […]

NBCC, Suraksha asked to submit revised bids for Jaypee Infratech by May 18

NEW DELHI: State-owned NBCC and Suraksha group, which are in the race to acquire debt-laden Jaypee Infratech Ltd (JIL), will submit their revised bids by Tuesday. According to sources, a meeting of Committee of Creditors (CoC) is likely to be held on May 19 to discuss the bids submitted by both the parties under the […]

RWAs running 25 isolation centres in Noida sectors

NOIDA: The RWA federation, in collaboration with Noida Authority, is operating about 25 isolation centres for Covid-19 patients at community centres across various residential sectors. Chief minister Yogi Adityanath inspected one such centre at the Sector 45 community centre on Sunday. During his visit, the federation urged the CM for vaccination camps in residential sectors. […]

Aptus Value Housing Finance files for Rs 3,000 crore IPO

NEW DELHI: Aptus Value Housing Finance has filed a draft red herring prospectus with the SEBI to raise around Rs 2,600-3,000 crore. The fund raise comprises of a fresh issue of equity shares aggregating to 500 cr and an offer for sale of up to 64,590,695 equity shares by the promoter and other shareholders. As […]

London office market undergoes makeover to woo post-pandemic workforce

BENGALURU: Developers in London are revamping office spaces to suit the post-pandemic workforce, a survey showed on Monday, as weakening demand for workspaces poses a major concern in one of the world’s biggest financial hubs. New construction starts have jumped by a fifth in the six months ended March to 3.1 million square feet, Deloitte’s […]

Macrotech to invest Rs 2,800 crore in FY22 on construction: Abhishek Lodha

NEW DELHI: Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects which were hampered last year due to the COVID-19 pandemic and a nationwide lockdown. Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate […]

SBI to sell Khare and Tarkunde Infrastructure to recover over Rs 99 crore

NEW DELHI: The State Bank of India (SBI) will sell three bad accounts to asset reconstruction companies or other financial institutions next month to recover dues of over Rs 235 crore, according to a sales notice. In terms of the bank’s policy on sale of financial assets, in line with regulatory guidelines, SBI said it […]

Macrotech Developers’ net profit rise 31% in Q4 FY21

NEW DELHI: Macrotech Developers (Lodha Developers) has reported a 31 per cent growth in its net consolidated profit during January-March 2021 quarter, the company said in a BSE filing. Its profit after tax (PAT) stood at Rs 312.19 crore in Q4 FY21 as against Rs 238.44 crore it registered in the corresponding quarter previous fiscal. […]

Penna Cement files Rs 1,550-crore IPO papers with Sebi

NEW DELHI: Penna Cement has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,550 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 1,300 crore and an offer for sale of up to Rs 250 crore by the promoter, according to draft red […]

Finance Minister hands over possession of Rival Park completed with SWAMIH fund

NEW DELHI: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on Thursday handed over possession to homebuyers of Rivali Park Wintergreen completed under Special Window for Affordable & Mid-Income Housing (SWAMIH). The residential project – Rivali Park, located in suburban Mumbai, was the first housing project in India to have received funding under the […]

Yes Bank to sell property of E Commerce Magnum Solution for recovery of Rs 345 crore

NEW DELHI: Yes Bank has invited bids for sale of immovable assets of a borrower, E Commerce Magnum Solution Ltd, to recover dues of over Rs 345 crore. In an e-auction sale notice, Yes Bank said it took physical possession of the immovable properties mortgaged to it on August 29, 2020 pursuant to a demand […]

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