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sbi-and-dhfl-ready-with-bond-issues-plan-to-raise-rs-6500-crore
economy
SBI and DHFL ready with bond issues, plan to raise Rs 6,500 crore

Dewan Housing Finance, the precipitate fall in the stock of which last month triggered the current bout of equity-market corrections, would join India’s biggest bank in raising collectively about Rs 6,500 crore through bond sales, pointing to the likely return to normalcy for Mumbai’s debt markets.DHFL, the flagship company of Wadhawan Global Capital (WGC), would…

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economy
Centre approves construction of 2.15 lakh houses under PMAY-Urban

NEW DELHI: The housing and urban affairs ministry on Tuesday approved the construction of nearly 2.15 lakh affordable houses for the poor in six states under the Pradhan Mantri Awas Yojna (Urban).According to the ministry, with the sanctioning of 2,15,083 more housing units, the total number of houses being funded under the PMAY(U) across the…

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economy
Mapletree bid highest for Chennai IT park

File photo MUMBAI | BENGALURU: Mapletree Investment, a Temasek-owned real estate asset manager, has emerged as the highest bidder to acquire information technology park SP Infocity in what would be the largest-ever single realty asset transaction in India.Mapletree has offered about Rs 2,450 crore for SP Infocity, jointly owned by the Canada Pension Plan Investment…

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economy
Indiabulls Real Estate buys 140 acre land in Gurugram

File photo NEW DELHI: Indiabulls Real Estate Tuesday said it will acquire 140 acre land at Manesar in Gurugram to develop an integrated township and commercial building. In a filing to the BSE, the Mumbai-based developer said that its wholly-owned subsidiary Loon Land Development Ltd has “entered into definitive agreement(s) to acquire a land parcel/development…

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economy
Blackstone, Temasek eye upto 20% stake in Wonder Cement

MUMBAI: Private equity investors Blackstone Group and Temasek Holdings are in separate discussions to acquire 15-20% in Wonder Cement, part of Rajasthan-based RK Group, for Rs 1,000 crore. Wonder Cement is one of the largest cement makers in north-western India.The deal is expected to value the company at $800-900 million (Rs 6,000-6,600 crore). Investment bank…

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economy
Bengaluru: CID to submit two more chargesheets against Dreamz Infra’s founders

BENGALURU: The Criminal Investigation Department (CID) will file two more chargesheeets against the founders of Dreamz Infra GK Pvt Ltd for alleged involvement in irregularities committed by TGS Construction Pvt Ltd and Gruha Kalyan.Last week, the agency filed a chargesheet before a special civil court in the case of fraud committed by Dreamz Infra GK…

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