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Andhra Pradesh readies to acquire land for Masula Port

MACHILIPATNAM: The state government has geared up to acquire land for the proposed sea port in Machilipatnam. The government has already authorised the Machilipatnam Urban Development Authority (MUDA) to go for bank loans to compensate the land owners under the Land...

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HDFC, Kotak deny eyeing stake in PNB Housing Finance

MUMBAI: Mortgage lender HDFC and private sector on Monday said they were not eyeing stake in the PNB Housing Finance. Both the lenders, in their separate stock exchange filing, termed a report in this regard as factually incorrect and baseless."...we would like to...

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UltraTech Cement plans to raise Rs 9,000 crore

MUMBAI: UltraTech Cement is planning to raise Rs 9,000 crore via an issue of redeemable, non-convertible debentures on a private placement basis, the company said on Friday, while notifying the exchange of its annual general meeting to be held on July 18. It plans to...

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IDBI bank may hive off physical assets

NEW DELHI: IDBI Bank’s lucrative real estate assets, including properties in Cuffe Parade, the Bandra Kurla Complex and Worli in Mumbai, may be carved out before the Life Insurance Corporation of India (LIC) is offered a controlling stake in the debt-laden bank. “A...

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No takers for Vadodara civic body plots on auction

VADODARA: Cash-strapped Vadodara Municipal Corporation (VMC) is looking to auction its plots for a lease of 99 years. But till the last day of submitting the earnest money deposit (EMD) to participate in the auctions, only one person approached the civic body. The VMC...

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