Madurai based Tamil Nadu Chamber of Commerce and Industry has urged the new Mayor of Madurai Corporation, Mr. V.V. Rajan Chellappa, to have a review of property tax revision and re-fix the same and implement the revised tax retrospectively from April 1, 2008.
In a demand s…
Nagarjuna Construction Company ; Target Price Rs. 82.
Expect subdued performance from NCC (Nagarjuna Construction) for this
December quarter.
On the top-line front, NCC is expected to post modest yoy growth of 5.0%
to Rs. 1,261 cr. EBITDA margin is expected to be flat at 10.3% for the quarter.
However, the blow is expected on…
Bangalore Office Real Estate
Bangalore Office Real Estate: JLL REIS** Report Bangalore: Office Space
* Demand from the IT and ITeS sector continues to strengthen leasing in JLL REIS
* Rents remain stable in the CBD & increase in other sub-markets * Capital values increase marginally in the SBD &…
Fixed maturity plans mobilise Rs 90,000
The FMPs (Fixed maturity plans) have mobilised over Rs 90,000 crore from investors this calendar (2011) year and is on course to cross 2008’s record of Rs 1,00,000 crore. FMP's are the close-ended mutual fund schemes that invest in debt and money market instruments. A hi…
Indiaproperty.com : Increase focus on new property market;
IndiaProperty.com, the real estate portal of Consim Info, India’s leading Internet business group, announced that it will consolidate its position as the leader in the online market for new properties in India, by increasing its current focus on this segment and in additio…
Builders want govt to rein in cement producers
India is the world's second largest producer (22.44 Crore tonnes per annum) of cement, after China, in the world. Tamil Nadu is the 3rd third largest cement producing state, after Andhra Pradesh and Rajasthan, in the country. But, cement prices in Tamil Nadu are among …
Share Review - ACC
ACC posted a 31.3% yoy growth in its stand-alone net sales to Rs. 2,150cr on
account of 17.8% growth in dispatches and 11.5% higher realization.
ACC's dispatches for the September quarter stood at 5.69 mn tonnes, up 17.8% yoy, on
account of higher capacity (on a yoy ba…
Share Review - Ambuja Cements
During 3QCY2011, Ambuja Cements’ net sales increased by 15.4% yoy to
Rs. 1,805 cr on account of higher realization and growth in dispatches. The
company’s blended realization improved by 7.0% yoy to Rs.3,849/tonne but fell by
5.8% sequentially, in-line with correction seen …
CII : Hold Infrastructure Investment Summit in Chennai
The CII (Confederation of Indian Industry) intends to hold a one day South India Infrastructure Investment (SIII) Summit on November 11, 2011 in Chennai.
According to Chairman of the Summit, Mr. S K Goel , " South India requires huge investments in infrastructure. For i…
Documents Pending : TN Govt announces Samadhan scheme
The TN (Tamil Nadu) Government has announced a ‘Samadhan' (Settlement ) scheme, a conciliatory measure, to settle stamp duty disputes between its Registration Department and property owners, and a one-time settlement scheme to settle arrears of sales tax.
According to T…
