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economy
Lodha Group subsidiary announces buy-back for 2020 dollar-denominated bonds

MUMBAI: Lodha Developers International, a subsidiary of India’s largest realty developer Lodha Group, has announced a buy-back programme for its senior dollar denominated bonds, which are due in the year 2020.The company has appointed J.P. Morgan Securities PLC to repurchase up to $65 million or 20% of the $325 million outstanding bonds with 12% coupon…

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economy
Mumbai: After two months, director of Tyche Realty surrenders

Siddharth Dhanu, director of Tyche Realty, who allegedly duped homebuyers by posing as a business partner of Ruparel builders and selling flats in Ruparel Ariana project surrendered before the court on Monday. He had been untraceable since the case was registered with Mumbai police’s Economic Offences Wing (EOW) in November last year. On Saturday, police…

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economy
Gurugram: 19 affordable housing projects get government’s approval

GURUGRAM: The department of town and country planning (DTCP) has issued licences for 19 new affordable housing projects, which are likely to be launched in Gurugram soon on land released as part of the increased allotment for affordable housing. It follows the rise in demand for affordable housing, bucking the slow recovery of the real…

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news
After a good Q3, don’t expect deterioration in NIM in Q4 too: Dinanath Dubhashi, L&T Finance Holdings

To give a three- to five-year guidance, 18% to 20% CAGR should be well within possibilities, Dinanath Dubhashi, MD, L&T Finance Holdings, tells ET Now.Edited excerpts: What has led to the gross NPA and provisioning cover to be stable this quarter? So gross stage-3 has reduced from Rs 7,500 crore last year and Rs 6m119…

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economy
Blackstone, Xander eye 4.4-million-sq ft tech park in Bengaluru

BENGALURU: Private equity giant Blackstone Group, also one of the world’s most influential real estate investors, is in talks to acquire Coffee Day founder V G Siddhartha’s 4.4-million-sq ft tenanted office park in a deal estimated at about Rs 2,200 crore, people directly aware of the matter said. The park, Global Village, located on a…

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