Suraj Estate Developers Set for Stock Market Debut Amidst Positive Grey Market Premiums
Suraj Estate Developers is poised to make its stock market debut on Tuesday, and leading up to the listing, the company’s shares are trading at a premium of Rs 20 in the unlisted market. Considering the upper price band of…
Adani Ports Considers Closure of Krishnapatnam Container Terminal Amid Plummeting Volumes
Adani Ports and Special Economic Zone Ltd (APSEZ) is contemplating the closure of the container operations at Krishnapatnam Port in Andhra Pradesh due to a significant decline in volumes and strategic shifts, including the sale of a 49 percent stake…
Suraj Estate Developers Sets IPO Price Range at Rs 340-360 per Share
Suraj Estate Developers announced on Wednesday that it has set the price range for its initial public offering (IPO) at Rs 340 to Rs 360 per share. The IPO, consisting solely of a fresh issuance of equity shares totaling Rs…
Delhi Mayor Shelly Oberoi Announces Significant Property Tax Exemption for Rural Residential Areas
On Saturday, Delhi Mayor Shelly Oberoi announced a significant development regarding house or property tax exemptions for residential areas falling within the Municipal Corporation of Delhi’s (MCD) rural jurisdiction. Emphasizing this decision at a press conference, Oberoi declared that the…
Bharat Housing Network raises 125 crores in its Series A led by NABVENTURES Fund
Bharat Housing Network, a technology platform for co-lending in affordable housing, has raised 125 crores led by NABVENTURES Fund with participation by Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nueva and other investors. NABVENTURES Fund…
Pidilite Industries Reports Strong Q2 Performance and Diversification into Lending Business
Pidilite Industries, a prominent adhesive manufacturer in India, has reported a significant increase in its second-quarter net profit, driven by reduced costs and announced its foray into the lending business. For the quarter ending on September 30, the company, renowned…
Robust Growth in Funds Mobilized through REITs and InvITs in India
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) have been successful in raising a substantial amount of funds in India from April to September 2023. This period saw a total mobilization of Rs 18,658 crore, driven by strong…
Margao’s civic body criticized for a 45% hike in construction license fees
A group of concerned residents in Margao recently voiced their strong disapproval of the Margao Municipal Council’s decision to implement revised plinth area rates for construction license fees. They believe that this move, once put into effect, will impose an…
Godrej Properties Reports a 22% Rise in Q2 Profit, Reaching Rs 66.80 Crore
On November 2, Godrej Properties, a listed real estate developer, disclosed a robust 22% surge in its consolidated net profit, reaching Rs 66.80 crore during the second quarter of the fiscal year. Notably, the company also reported a remarkable increase…
Indian Railways in Full Swing to Advance Rail Projects in Jammu and Kashmir
Indian Railways is actively and energetically pushing forward with its ongoing projects in the picturesque region of Jammu and Kashmir, with the primary goal of expanding and improving connectivity within the Union Territory. In this context, the esteemed national railway…