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NEW DELHI: PNB Housing Finance on Wednesday said it will disclose the outcome of shareholders’ meeting held a day earlier — on Rs 4,000 crore capital infusion led by Carlyle Group — in accordance with the order of the Securities Appellate Tribunal next month. The company moved the tribunal on Monday after the capital markets […]
CHANDIGARH: For the city’s costliest general housing scheme coming up at the IT Park, the Chandigarh Housing Board (CHB) has at last submitted the detailed architectural plan for the forest department’s clearance, necessary because the project site is near the Sukhna Wildlife Sanctuary. The project site fall in Zone-II of the Sukhna sanctuary and the
GURUGRAM: The Gurugram Metropolitan Development Authority (GMDA) will start using its geographic information system (GIS) to track the infrastructural developments in the city. The visual records procured through satellite images of the National Remote Sensing Centre will also be used to monitor encroachments and illegal constructions, officials have said. According to a senior GMDA official
File Photo DUBAI: The founder of DAMAC Properties has postponed efforts to take the firm private after the securities regulator of the United Arab Emirates launched a review of the transaction, the company said on Tuesday. Maple Invest Co, the vehicle backed by founder Hussain Sajwani, said in a letter that acquisition procedures would be
NEW DELHI: In a rare regulatory move, Sebi has restrained PNB Housing Finance from going ahead with shareholders’ voting on the proposed Rs 4,000 crore-deal with Carlyle group and directed the company to carry out the valuation process as per the relevant legal provisions. The watchdog said the resolution regarding the deal, which was to
NEW DELHI: Authum Investment and Infrastructure Ltd has emerged as the highest bidder for Reliance Home Finance (RHF), a group company of the debt-ridden Anil Ambani-promoted Reliance Group, with about Rs 2,900 crore offer. Sources said lenders led by Bank of Baroda would receive Rs 2,587 crore or 90 per cent upfront and the remaining
JAIPUR: The industries department will set up 147 new industrial areas in the next three years with 68 of them to be launched this year, said industries secretary and MD RIICO Ashutosh Pednekar on Thursday. He said these areas will be developed in less-industrially developed regions. In October last year, the chief minister had launched
PUNE: The Pune Metropolitan Region Development Authority (PMRDA) is expected to receive a detailed project report (DPR) on Metro corridor extensions by the next week. Metro extensions have been proposed on Shivajinagar-Hadapsar-Loni Kalbhor and Saswad road. The DPR is being drafted by the Delhi Metro Rail Corporation. The PMRDA is already constructing a Metro line
BENGALURU: UK student housing provider Unite Group has sold two London properties to its joint venture with Singapore wealth fund GIC for 342 million pounds ($475 million), it said on Friday, in an effort to pay down debt. Unite said the properties, located in Wembley and Whitechapel, have 1,358 bed spaces, the majority of which
NEW DELHI: Amid concerns raised in certain quarters about its proposed Rs 4,000 crore-deal with Carlyle group, PNB Housing Finance on Wednesday said the process followed in determining the issue price for its securities was in line with the “market practice” followed by listed companies and in compliance with the applicable law. Responding to clarifications
Representative Image NEW DELHI: Over a week after construction activity got the go-ahead, PWD officials said that while the number of workers had started to increase, they were still short of hands to complete projects in time. Private construction firms were also struggling to get all their labourers back to the capital. Shyam Prasad, a
MADURAI: The Madras high court on Monday took a serious view over the manner in which the commissioner of Tirunelveli Corporation had dealt with unauthorised constructions at Palayamkottai by classifying certain areas as continuous building area and economically weaker section area. The court said that it is not inclined to pass any direction on the