DLF Ltd Dispute Over CCI Penalty : New Bench to Decide

The Competition Appellate Tribunal (Compat) has said a new Bench will decide the DLF Ltd case wherein the India's largest real estate company has challenged CCI’s (Competition Commission of India's) Rs. 630 crore fine on it &  the final hearing has been adjourne…

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HDFC Home Loan Offers Value Added Products

A wide range &  value-added products such as Home improvement Loan, Home Extension Loan, Top-up loans, Loans for NRIs, Loan against property are offered by the HDFC. HDFC HOME LOAN..! According to the HDFC officials, the company has a single window concept,which allows …

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Soon Coming PF Portable Number

The EPFO (Employees’ Provident Fund Organisation) will soon give subscribers a unique account number that will operate independent of employers and benefit millions of people holding jobs. The PF number portability may be by the end of this year.The number will be given to t…

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Corporation Bank : Target Price Rs. 522

During 4Q FY 2012, Corporation Bank registered flatyear on year growth in net profit to Rs.351cr, which was below our estimates mainly on account of lower-than-expected operating income (due to lower NIM) and higher-than-expected provisioning. Key positive from the results was…

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FM Announced : 1% TDS on Real Estate Deals Withdrawn

FM (Finance minister) Mr.  Pranab Mukherjee on recently  announced withdrawal of proposed 1% TDS (Tax Deduction at Source) on transfer of immovable property. The real estate industry said the move would be helpful, as TDS on property transactions would have discouraged buye…

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IL & FS PE : Launch third India realty fund, targets $ 50 crore

IL & FS Investment Managers Ltd (IIML), the India’s largest homegrown PE (private equity) firm by assets under management (AUM), is scripting a new realty fund. The public-listed PE fund manager, which has AUM of $320 crore, will launch the IL & FS India Realty Fund…

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Share Review Finolex Cables : Target Price Rs.60

For 4Q FY 2012, Finolex Cables (Finolex) reported strong 21.1% quarter on quarter and 12.1% year on year growth in its top line to Rs. 605 cr. The company’s operating profit increased by whopping 45.9%year on year to Rs. 58 cr. OPM expanded by 2.23% year on year and 1.36% qu…

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ASV Constructions : Residential flats at OMR

Chennai based ASV Constructions has launched Alexandriea, located at Sholinganallur junction on OMR. Alexandriea will be built over 6 acres &  its cost is valued at Rs.300 crores. The construction has already started &  will be completed by the end of 2014. Singapor…

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About 60% of rural India lives on less than Rs. 35 a day

Nearly 60% of India's rural population lives on less than Rs. 35 a day and nearly as many in cities live on Rs. 66 a day, reveals a central government survey on income & expenditure. Mr. J Dash, Director General,  National Sample Survey Organisation (NSSO)  said, &qu…

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Lancor Holdings : Residential Project off GST Road at Guduvanchery, Chennai

Chennai based real estate company Lancor Holdings - up coming residential project “ LUMINA ” off GST Road at Guduvanchery ( Guduvanchery to Thiruporur Road). Following the success of Abode Valley, Lancor is launching Lumina at Guduvanchery, 3 kms off GST Road. The project bal…

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