The developer has to complete the entire construction and development of the ‘new building’; the company and the developer shall be entitled to an equal share, i.e., 50% in the new building.
Posts in category Business Standard
Indian Auto Retails Grew 0.73% Y-o-Y In June (05-07-2024)
Indias automobile retail experienced a modest YoY growth of just 0.73%. While the two-wheeler (2W) and three-wheeler (3W) segments registered positive YoY growths of 4.66% and 5.1% respectively, other categories such as passenger vehicles (PV), tractors (Trac) and commercial vehicles (CV) saw declines of 6.7%, 28.3%, and 4.7% YoY, respectively.
Thermax’s stock rises 5% after subsidiary gets work order worth Rs 513 cr (05-07-2024)
Thermax shares zoomed 4.6 per cent at 5287.10 per share on the BSE in Friday’s intraday trade after the company informed the bourses that it has bagged a big work order worth Rs 513 crore
Nifty below 24,300 level; HDFC Bank drops 4.22% (05-07-2024)
At 12:30 IST, the barometer index, the S&P BSE Sensex was down 202.62 points or 0.26% 79,838.62. The Nifty 50 index shed 24.10 points or 0.09% to 24,278.95.
INR up marginally,, local equities choppy (05-07-2024)
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Mahindra Life rises on securing projects worth Rs 2,050 crore (05-07-2024)
Mahindra Lifespace Developers added 2.83% to Rs 627.30 after the company bagged two deals in Bengaluru and Mumbai aggregating to Rs 2,050 crore in gross development value (GDV).
Thermax subsidiary wins order of Rs 513 cr in Botswana (05-07-2024)
To set up 600 MW greenfield energy project
Remedium Lifecare Ltd leads gainers in ‘B’ group (05-07-2024)
Dynemic Products Ltd, Landmark Property Development Company Ltd, VIP Clothing Ltd and Raghav Productivity Enhancers Ltd are among the other gainers in the BSE’s ‘B’ group today, 05 July 2024.
Raymond hits record high after board OKs to demerge real estate biz (05-07-2024)
Raymond surged 17.55% to Rs 3,458.25 after the company’s board approved the vertical demerger of its Real Estate business into its wholly owned subsidiary, Raymond Realty (RRL).
IRCON Intl edges higher after JV bags work order worth Rs 751 crore from RVNL (05-07-2024)
IRCON International added 3.17% to Rs 288.45 after the company announced that its joint venture IRCON-PARAS-PCM has been awarded a letter of award (LoA) from Rail Vikas Nigam for a project worth Rs 750.82 crore.