Emaar India to invest Rs 1,000 cr on new housing project in Gurugram; eyes Rs 2,500 cr revenue
He said the company will develop 522 apartments in this 6.2-acre project, with a development potential of 15 lakh square feet.
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NCLT grants approval to Mahindra Homes’ share capital reduction plan
Mahindra Homes, a joint venture between Mahindra Lifespace Developers and Actis, has received approval from the National Company Law Tribunal (NCLT) for its capital reduction proposal. The move, which involves canceling certain equity shares, will optimize capital allocation without impacting…
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Gautam Adani indicted in US over role in alleged bribery, fraud
Primarily, the charges are: “Conspiracy to commit securities and wire fraud, as well as substantive securities fraud, for their roles in a multi-billion-dollar scheme to obtain funds from US investors and global financial institutions through false and misleading statements”.
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Growth Projections: How ICRA, Morgan Stanley, and Moody’s see the road ahead?
ICRA projects a dip to 6.5% in Q2 FY25 due to weak margins and heavy rains but expects 7% growth for the year. Morgan Stanley recently revised its FY25 forecast to 6.7%, citing slow Q2 data. Moody’s pegs CY2024 growth…
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RBI can’t budge on rates due to inflation target: Economists
Economists anticipate interest rates to remain high due to inflation surpassing the Reserve Bank of India’s target. Government officials advocate for rate cuts to boost the economy. Banks observe a rise in deposit rates, with some projecting rate cuts by…
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Skills shortage hobbles India’s clean energy aspirations
India’s ambitious plan to expand domestic manufacturing is coming up short in the solar industry which is grappling with inadequate government funding and a skills shortage, potentially jeopardising its clean energy targets, industry leaders said.
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