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economy
Bharti Realty-led consortium to develop commercial project at Delhi airport

File Photo (Kamal Kishore) NEW DELHI: Delhi airport operator DIAL Wednesday said it has awarded the rights for a commercial development project to a consortium led by Bharti Realty that will make an annual payment of Rs 363.5 crore towards lease rentals till 2036. Besides, Bharti Realty will make one-time payments of around Rs 1,837…

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economy
Insolvency case against Bengaluru’s PropUrban for not paying salary

NEW DELHI: PropUrban Advisory Services, previously known as Bluering Realtech, is fighting an insolvency case in NCLT Bengaluru. The case has been filed by company’s ex-employee Amit Naidu over non-payment of his salary.”PropUrban didn’t pay salary to Amit for 2017-18 while he was working in the company,” said the advocate representing Naidu. The company hasn’t…

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economy
Global PE funds keen to buy DHFL bonds from holders at a discount

SSG Capital and US-based Peregrine are among the global buyout firms that have held separate talks to purchase outstanding bonds in Dewan Housing Finance (DHFL), pointing to shortening odds on the revival of the stressed home financier.These global investors are understood to have approached some high-profile funds that own the bonds, multiple sources with direct…

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