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NCDRC initiates criminal proceedings against Three C Builders

NEW DELHI: The National Consumer Dispute Redressal Commission on Wednesday initiated criminal proceedings against Three C Builders, Three C Universal Developers and its three directors namely Vidur Bharadwaj, Nirmal Singh and Supreet Sing Suri.The court referred the case against Granite Gate Properties, a subsidiary Three C Universal Developers and party to the case, to a…

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economy
Dubai group quotes Rs 7,500 crore for Dharavi’s redevelopment, Adani Rs 4,500 crore

File photo MUMBAI: The Dubai-based Sec Link Group has quoted Rs 7,500 crore, while Adani Infrastructure has quoted Rs 4,529 crore for the redevelopment of Dharavi. The Dharavi Redevelopment Authority had set Rs 3,150 crore as the base price.The two were the only ones to bid for the Rs 26,000 crore (estimated) redevelopment project, financial…

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economy
Ministry of corporate affairs to probe allegations against DHFL: Sources

NEW DELHI: India’s Ministry of Corporate Affairs will look into allegations of financial mismanagement against Dewan Housing Finance Corp Ltd (DHFL), two government sources with direct knowledge of the matter told Reuters on Wednesday.Investigative media outlet Cobrapost on Tuesday said Dewan diverted funds to shell companies to buy assets, and that firms linked to Dewan’s…

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economy
Google inks pact for new 35-storey office tower in US: Report

SAN FRANCISCO: Continuing with its investment spree in the US real estate, Google has reportedly signed a lease for a 35-storey tower in Austin which is scheduled to be ready for occupancy in the second quarter of 2022.The construction of the tower which could potentially provide room for 5,000 workers has already begun, the Austin-American…

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economy
Process of demolition of Nirav Modi’s bungalow started: Maharashtra to HC

File photo MUMBAI: The process of demolition of fugitive diamond businessman Nirav Modi’s illegal bungalow at Alibag has started, the Maharashtra government told the Bombay High Court Friday.The high court had ordered action against unauthorised constructions in Alibag in Raigad district, a popular getaway near Mumbai.Advocate P P Kakade, who appeared for the government, told…

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