Business
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Omaxe Targets Small Cities to Offset Slowing Demand
New Delhi -- Omaxe Ltd. is shifting focus to smaller Indian cities where it plans to increase its land bank substantially, a move that will likely help the property developer offset sluggish demand for new homes in key metro cities. India's cent
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Leela Group to Sell Kovalam Unit For $120 Million to NRI Ravi Pillai
Mumbai: The Leela Group is set to sell its marquee property in Kovalam, a famous beach on the outskirts of the capital of Kerala, as part of an ongoing exercise to ease its debt burden. The property, Leela Resorts Kovalam, is being sold for 500 crore
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Wealth Tax Proposals Under DTC for NRIs Returning to India
The Direct Tax Code ('DTC') Bill, 2010 is proposed to come into force from April 01, 2012. This bill is yet to be passed by the Parliament and may therefore have further changes before being enacted into law. While retaining the wealth tax
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MCap Fund Advisors Picks up 1% in City Union Bank
MCap Fund Advisors Pvt Ltd, a private equity firm floated by Subbu Subramaniam, ex-Partner at Baring Private Equity Partners (India) Ltd, has picked up 1 per cent stake in City Union Bank from the open market, at least two people with direct knowledg
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Sensex Ends 71 Pts Down After Rollercoaster Ride
Mumbai: Indian equity benchmarks closed with moderate loss amid extreme volatility on Thursday. The market remained in a consolidation mode since the morning trade and did not react to Wednesday's sharp fall in global markets on talks of credit
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