Shapoorji Pallonji’s solar EPC business announces ₹3,125 crore public offer

Shapoorji Pallonji Group’s solar engineering, procurement and construction (EPC) business, Sterling and Wilson Solar Ltd, on Thursday, announced its initial public offering (IPO) worth₹3,125 crore. The price band for the three-day IPO, which opens on 6 August, is fixed at ₹775- ₹780 apiece. The IPO, a pure offer for sale, will see its promoters—Shapoorji Pallonji and Co. […]

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Within 24 Hours Of Launch, Trump Towers In Gurgaon Sells 20 Apartments For Rs. 150 Crore

The Trump Towers project offers 250 ultra luxury residences between Rs. 5 crore and Rs. 10 crore GURGAON:  HIGHLIGHTS Trump Towers made its debut in north India in Gurgaon yesterday M3M India is developing this project at an investment of Rs.1,200 crore Company targeting Rs. 2,500 crore from sale of 250 units in this project Realty firm M3M India today said it […]

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ASK group to invest Rs1,000 crore as equity in housing projects

ASK Group CEO Sunil Rohokale. ASK Property Investment Advisors is a venture of the ASK group set up to manage and advise real estate dedicated funds New Delhi: Financial services firm ASK group will invest over Rs1,000 crore as private equity in housing projects this fiscal despite demand slowdown and uncertainty in the market after the […]

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NTPC, Nalco to set up power, aluminium plants for Rs36,000 crore

Nalco chairman and MD Tapan Kumar Chand said construction of the power plants and the aluminium production unit will be completed in four years. Photo: Mint New Delhi: State-owned power producer NTPC Ltd and aluminium producer National Aluminium Co. Ltd (Nalco) on Friday signed a deal to jointly set up a 2.4 giga watt (GW) […]

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Sebi Imposes Rs. 2 Crore Fine On Saradha Realty, Three Others

Sebi has imposed the penalty on Saradha Realty India, its MD Sudipta Sen and two directors. New Delhi: In the high-profile Saradha Realty case, the Securities and Exchange Board of India (Sebi) on Friday imposed a fine of Rs. 2 crore on the company, its chief Sudipta Sen and two directors for failing to comply with its earlier […]

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BankBazaar invests Rs5 crore in its Singapore unit

BankBazaar is investing Rs55 crore in print, digital and television marketing in India and abroad. Photo: Mint Delhi: A&A Dukaan Financial Services Pvt. Ltd; which runs financial services marketplace BankBazaar.com, on Tuesday said it has invested one million Singapore dollars, (about Rs5 crore) in its wholly-owned subsidiary in Singapore that will operate BankBazaar.sg portal. The […]

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YourNest launches second fund with Rs300 crore corpus

YourNest has so far backed 16 start-ups. Bengaluru: Early-stage venture capital firm YourNest has launched its second fund, YourNest India Fund II, with a corpus of Rs300 crore, the firm said in a statement on Tuesday. YourNest has also roped in Vivek Mansingh—a technology veteran who had earlier served as president of the collaboration and […]

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Union Bank of India Q1 profit falls to Rs166.32 crore

Net NPAs stood at 6.16% in the June quarter compared with 5.25% in the previous quarter and 3.08% in the same quarter a year ago. Photo: Indranil Bhoumik/Mint Mumbai: Union Bank Of India Ltd on Saturday reported a 68% year-on-year decrease in its fiscal first quarter net profit. Net profit declined to Rs166.32 crore in […]

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