Orient Cement posts Rs 38.92 crore net profit in Q1
NEW DELHI (INDIA): CK Birla group firm Orient Cement Ltd has reported a net profit of Rs 38.92 crore in the first quarter ended June 30, 2017. The company had… Read more »
Daily Archives: July 29, 2017
Madras High Court vacates stay on construction of Nadigar Sangam building
CHENNAI (INDIA): The Madras High Court has vacated its stay on the construction of a building of actors’ forum Nadigar Sangam in Cheenai’s T Nagar area here. A bench of… Read more »
Mortgage brokers feel the heat in Australia’s housing fire fight
By: Swati Pandey SYDNEY: The cosy relationship between Australia’s big banks and mortgage brokers is under threat as authorities worry about risks to the financial system and lenders baulk at… Read more »
GST incentivises investments in SEZs
NEW DELHI (INDIA): The roll-out of the Goods and Services Tax (GST) from July 1 has increased the investment attractiveness of Indian special economic zones (SEZs), while the government plans… Read more »
Benami properties worth over Rs 800 crore attached
NEW DELHI (INDIA): Properties worth over Rs 800 crore are under attachement in more than 400 proxy transaction cases identified since the amended law came into effect, the government told… Read more »
RBI likely to cut repo rate by 25 bps on August 2: HSBC
The Reserve Bank of India (RBI) is expected to go for a 25 basis points (bps) repo rate cut in its policy review meet on August 2 as inflation is… Read more »
Workspace startup WeWork opens China unit backed by Hony Capital, SoftBank
By: Julie Zhu | Elzio Barreto HONG KONG: Co-working space startup WeWork Cos revealed plans on Thursday for a Chinese unit with the backing of China’s Hony Capital and Japan’s… Read more »
Indiabulls Real Estate promoter sells shares worth Rs 178 crore
NEW DELHI (INDIA): Indiabulls Real Estate promoter group entity IBREL IBL Scheme Trust today sold 77 lakh shares of the company for an estimated over Rs 178 crore through an… Read more »
Demand to rent UK commercial property falls to 5-year low: RICS
By: Emma Rumney LONDON: Demand to rent British commercial property levelled off for the first time in almost five years during the past three months, as online shopping hurt high-street… Read more »
Sebi directs Gwalior-based KMJ Land Developers India to refund investors’ money
NEW DELHI (INDIA): Markets regulator Sebi has directed Gwalior-based KMJ Land Developers India and its directors to refund within a month the money collected from investors illegally. In an interim… Read more »