SoftBank wires $1.5 billion to WeWork before cash runs out
WeWork said it received an early payment of $1.5 billion from SoftBank Group, as the co-working company was weeks away from running out of money. As a result, a slate… Read more »
Daily Archives: November 1, 2019
NGT slaps Rs 22.5 crore penalty on six Sonipat builders for violating green laws
NEW DELHI: The National Green Tribunal (NGT) has slapped an interim penalty of Rs 22.5 crore on six builders in Haryana’s Sonipat area for violation of environmental norms, saying the… Read more »
Fidelity Investments cuts value of Contrafund’s stake in WeWork by 35%
BOSTON: Fidelity Investments cut the value of Contrafund’s stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup’s failed initial public offering (IPO). Fidelity disclosed… Read more »
Andhra Pradesh terminates pact with Singapore consortium on Amaravati start-up area project
AMARAVATI: The Amaravati Start-Up Area Development Project has formally been scrapped with the Andhra Pradesh Cabinet on Wednesday deciding to terminate the agreement with a Singapore consortium. The project which… Read more »
Ascendas REIT to buy business parks in US, Singapore for $1.2 billion
SINGAPORE: Ascendas Real Estate Investment Trust (REIT) said on Friday it is buying 30 business park properties in the United States and Singapore for about S$1.66 billion ($1.22 billion) from… Read more »
Supreme Court mandated panel further extends construction ban in NCR till November 5
NEW DELHI: A Supreme Court mandated panel on Friday declared a public health emergency in the Delhi-NCR region and banned construction activity till November 5. As the pollution levels in… Read more »
DFCCIL, L&T, others penalised for causing pollution by construction works in Greater Noida
NOIDA: Dedicated Freight Corridor Corporation of India Limited (DFCCIL) and engineering major Larsen & Toubro (L&T) are among nine entities penalized for causing pollution by construction works in Greater Noida,… Read more »
Government orders SFIO probe against crisis-hit DHFL
NEW DELHI: The government of India has ordered an SFIO probe into alleged financial irregularities at mortgage lender DHFL after finding instances of suspected fund diversions, according to a source…. Read more »
AAI selects Dilip Buildcon’s bid to construct airport at Hirasar
BHOPAL: Engineering, procurement and construction (EPC) firm Dilip Buildcon said on Friday it has been selected as the lowest bidder by the Airports Authority of India (AAI) for construction of… Read more »
Uncertainty over EU nitrogen rules may impact construction boom in Netherlands: Research
AMSTERDAM: A six-year construction boom in the Netherlands is set to end next year, a research firm said on Thursday, as uncertainty over European Union rules on nitrogen emissions delays… Read more »