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Popular Articles

UTV Software to raise $150 million
Media and entertainment firm UTV Software Communications today said it would raise $150 million (nearly Rs 750 crore) through various channels to meet its growth plans and retire debt.

Hopeful signs for averting port and dock workers' strike
Port and Dock workers’ unions call for a nationwide strike after December 15 to protest at lack of wage revision may be averted, as the port authorities have expressed willingness to hold talks before the end of this month.

News of the day

Colourful diplomacy
Indian diplomacy is making its presence felt in Washington DC, thanks to the colourful Indian saree. India’s Foreign Secretary Nirupama Rao and Ambassador Meera Shankar have become eye-catchers in the corridors of the US State Department with their bright silk sarees. However, inside meeting rooms, they are raising eyebrows more than they are turning heads. As one beltway wag put it, it appears Ambassador Shankar is not shy of making it obvious that it is she, and not the foreign secretary, who knows Delhi’s real mind on issues. The point being made, it seems, is that while seniority has put Rao in her chair, proximity to Delhi’s power centre has got Shankar her job! Meow
International Business

Parsvnath to develop township project in Rohtak

Realty firm Parsvnath Developers today said it has received approval from the Haryana government for a township project in the state, in which the company would invest about Rs 380 crore. - DLF bags Gurgaon land for Rs 1,750 cr - Orbit Corp raises Rs 145 cr via share sale; stocks dip 5% - Realtors rebuild hopes on rising home sales - Sensitive sector lending growth slows to 14.18% - Parsvnath to raise up to Rs 750 cr via QIP - Parsvnath Developers Q1 net dips 81% at Rs 14 cr The company "has received the letter of intent for grant of licence from Director, Town and Country Planning, Haryana, for developing approximately 118 acres of integrated township in Sector 33 A, Rohtak, Haryana" Parsvnath said in a statement. The company would invest about Rs 380 crore in the project, a company source said. "After setting our footprints across India, we are going to offer world class facilities to the residents of Rohtak," Parsvnath Developers Chairman Pradeep Jain said. The township project will have about 4 million sq ft of saleable area and would comprise plots, affordable homes, row houses, independent villas shopping, commercial along with school and dispensary. Parsvnath has acquired 118 acres land, fully paid and has complete possession to it. It intends to start development, construction and marketing activities soon after receiving all the approvals and completing all necessary formalities to obtain licence.


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