Now, CBI arrests Mumbai CA, 2 officials for govt documents leak; banks, realty firms under scanner Posted on 13th March 2015 |
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The CBI on Thursday night arrested a Mumbai-based chartered accountant and two government officials for allegedly selling confidential documents related to foreign investment policy to corporate groups after it carried out searches in offices of Finance and Commerce Ministries here and in Mumbai. CBI’s action came after registering a case of criminal conspiracy, theft under IPC and misuse of official position under the provisions of the Prevention of Corruption Act against Chartered Accountant Khemchand Gandhi, Under Secretary in Department of Disinvestment and Grievances Ashok Kumar Singh and Section Officer in the Department of Economic Affairs Lala Ram Sharma. |
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DLF ties up with Snapdeal to sell flats online Posted on 10th March 2015 |
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NEW DELHI: With e-commerce business growing in India, realty major DLF has tied-up with online market place Snapdeal to sell its apartments and would offer 1 per cent discount to potential home buyers. DLF will offer on Snapdeal about 50 flats in eight housing projects across the country in a price range of Rs 34 lakh to Rs 3 crore. |
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Infra, realty companies stand to gain from rate cut Posted on 4th March 2015 |
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RBI's surprise rate cut, much before its next month's meeting, means good news for infra, realty as well as high-debt companies. Banks had not cut their base rates after the RBI cut the repo rate by 25 basis points on Jan 15. The gains, however, which typically come with a lag should start reflecting soon. |
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DLF beset by multiple issues Posted on 30th November -0001 |
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Amid declining sales, DLF, the country’s largest real estate company, has had mounting problems since the start of this year. Experts say it would need to urgently take some measures, including a sale of its land parcels in South India. To reduce its debt and generate cash flow, DLF plans to raise Rs 3,000 crore through divestment or joint ventures in certain projects. It is in talks with some private-equity entities for partly cashing out in some projects before their launches in 2015-16. |
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Sebi imposes Rs 86 cr penalty on DLF Posted on 27th February 2015 |
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The Securities and Exchange Board of India (Sebi) has imposed a total penalty of Rs 86 crore on real estate major DLF and 40 related entities, including subsidiaries and key officials. The matter relates to disclosures made at the time of its Initial Public Offer (IPO) in 2007. The regulator imposed penalties through two separate orders. One is for a sum of Rs 52 crore on DLF and seven officials. The second order is for Rs 34 crore on Sudipti Estates Ltd and 34 other related entities. |
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DLF's sales booking to cross Rs 3,000 crore this fiscal Posted on 26th February 2015 |
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NEW DELHI: Realty major DLF's sales bookings will cross Rs 3,000 crore this fiscal helped by better sales during this quarter in its two housing projects at Gurgaon, a senior company official said. India's largest realty firm had earlier given the guidance that sales bookings would be in the range of Rs 3,000-3,500 crore in the current 2014-15 financial year as against Rs 4,070 crore achieved during last fiscal. |
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Idea Cellular, Yes Bank gain on inclusion in Nifty Posted on 23rd February 2015 |
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Shares of Idea Cellular and Yes Bank have gained up to 1% on the BSE after the National Stock Exchange included these stocks in its benchmark index Nifty. However, these two firms will replace DLF and Jindal Steel & Power in the 50-unit Nifty index which declined up to 1.5% on the BSE. |
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Idea Cellular, Yes Bank to replace DLF and Jindal Steel and Power in Nifty Posted on 21st February 2015 |
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Mumbai: Idea Cellular Ltd and Yes Bank Ltd will replace DLF Ltd and Jindal Steel and Power Ltd in the benchmark Nifty index , according to a statement issued by India Index Services and Products Ltd, a subsidiary of the National Stock Exchange of India Ltd (NSE). The changes made by the index maintenance sub-committee are part of its periodic review and will become effective from 27 March, it said. Apart from changes in the Nifty, revisions have been made in 21 other sectoral and theme-based indices of the exchange. |
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Competition Commission orders fresh probe against DLF, second in two days Posted on 11th February 2015 |
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NEW DELHI: The Competition Commission has ordered a fresh probe against realty major DLF, finding the company to have prima-facie abused its dominant position, making it the second such probe ordered within two days. The new order, in which CCI has asked its investigative arm to conduct a detailed probe, relates to alleged "abuse of dominant position in development and sale of residential units in Gurgaon" for the Skycourt residential project of DLF Universal Ltd. |
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DLF comes under antitrust scanner again Posted on 10th February 2015 |
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Fair-trade regulator Competition Commission of India (CCI) has ordered a fresh probe against real estate player DLF over alleged abuse of its dominant position in the "provisioning of services for the development and the sale of residential units in Gurgaon". The company has been under the CCI scanner and has been penalised for the same reasons in other cases. |
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