Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More
IL&FS takes InvIT route to sell nine road projects

An InvIT is like a mutual fund that allows a project’s promoter to monetise revenue-generating infrastructure assets by enabling investors or unit holders to invest in them without having to own them.

Oberoi Realty in talks with Marriott for a luxury hospitality project at Worli

Realty developer Oberoi Realty is in talks with Marriott International for a 120-room luxury five-star hospitality project as part of its total 1.8-millionsq-ft mixed-use project in Mumbai’s Worli locality

Following SC ruling, will be able to execute awards worth Rs 1,584 cr: HCC

"Hindustan Construction Co Ltd (HCC) won a challenge in the Supreme Court of lndia for setting aside Section 87 of the Arbitration and Conciliation Act... In HCC's case, the company will now be in a position to execute awards amounting to about Rs 1,584 crore which were impacted by Section 87," the construction firm said in a statement.

Dilip Buildcon bags Rs 1,362 crore road project in UP

The project entails the development of Bundelkhand Expressway Project (Package-VI) from Bakhariya to Kudrail Access Controlled (Greenfield) Expressway Project in Uttar Pradesh on (Engineering, Procurement, and Construction) basis. The project which is 45.28 km in length is to be completed in three years

Vista Spaces enters into partnership with DMI Alternative Investment

Both firms are jointly evaluating six projects to co-invest under the equity partnership. They have already signed memoranda of understanding for two of those projects.

PMO asks RBI to consider 1-time roll over of builders loans

Sources say the proposal is for banks to be empowered to take commercial decisions for a one-time recast of loans, and without classifying those loans as SMAs or Special Mention Accounts.

JMC Projects bags orders worth Rs 615 crore

JMC Projects (India) has bagged, "institutional and commercial building projects in east and south India totalling Rs 615 crore," the company said in a filing to BSE. The company, a subsidiary of Kalpataru Power Transmission, undertakes projects pertaining to civil engineering and engineering, procurement and construction works.

Ashoka Buildcon arm bags highway project worth Rs 1,000-crore

Earlier this week, the company had said ACL had submitted its bid to the National Highways Authority of India (NHAI) for the said project, and had emerged as the lowest bidder at the financial bid opening meeting held on November 18, 2019.

DIAL gets green nod for Rs 1,310-cr commercial building project in Aerocity

The Delhi International Airport Ltd (DIAL), a GMR-led consortium, has received green nod from the Environment Ministry for the development of two commercial buildings in Aerocity at an investment of about Rs 1,310 crore

Singapore & Italy based companies bid highest for IL&FS’ two road assets

Singapore & Italy based companies bid highest for IL&FS’ two road assets

Email queries sent to Cube Highways and Autostrade remained unanswered till as of press time. IL&FS declined to comment on the matter. The IL&FS board is looking to address half of the company’s Rs 97,000-crore debt through asset monetisation. It sold seven wind energy assets to existing partner Orix of Japan for an equity value of Rs 593 crore.

CCI approves Adani's 23.5% stake-buy in Mumbai International Airport

CCI approves Adani's 23.5% stake-buy in Mumbai International Airport

As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements. While Adani is buying 13.5 per cent stake in Mumbai International Airport from Bid Services Division, the rest 10 per cent has been acquired from ACSA, as per the notice said.

London sees 11% rise in number of wealthy Indian homebuyers: Report

London sees 11% rise in number of wealthy Indian homebuyers: Report

The report points out that buyers spent a total of £2.06 billion on super-prime (£10 million-plus) properties in London in the year to May 2019. This was marginally higher than a figure of £2.05 billion in the previous 12 months. However, higher-value sales are increasing, as high net worth individuals target London and take advantage of the weak pound.

NBCC, Suraksha Realty asked to submit fresh bids to acquire Jaypee Infratech

NBCC, Suraksha Realty asked to submit fresh bids to acquire Jaypee Infratech

In the first round of insolvency proceedings, the Rs 7,350 crore bid of Lakshdeep, part of Suraksha Group, was rejected by lenders. Lenders of Jaypee Infratech will now meet on November 18 to discuss the bids of NBCC and Suraksha Realty, which are expected expected to be submitted by the end of this week.

Jaypee Infratech insolvency: Lenders to meet on November 18 to comply with Supreme Court direction

Jaypee Infratech insolvency: Lenders to meet on November 18 to comply with Supreme Court direction

Crisis-hit Jaypee group firm Jaypee Infratech went into insolvency in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the firm.

Govt's Rs 25,000cr realty booster inadequate to revive stalled projects: ICRA

Govt's Rs 25,000cr realty booster inadequate to revive stalled projects: ICRA

The government on Wednesday approved a Rs 25,000-crore fund to help complete over 1,500 stalled housing projects, including ones that have been declared NPAs or admitted for insolvency proceedings, as it looks to boost growth by steering consumption in real estate and associated sectors. The move is likely to help 4.58 lakh housing units across the country.

Load More...
1

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

BACK TO TOP