business

India’s leading real estate and infrastructure developer, Parsvnath Developers (PDL), has entered into an agreement with Red Fort Capital – a leading international real estate private equity fund. As per the agreement, Red Fort Capital will invest in the premium luxury residential project – Parsvnath La Tropicana in Khyberpass, Civil Lines, Delhi. The company’s subsidiary … Read more Parsvnath Developers inks agreement with Red Fort Capital

Jaiprakash Associates may go in for raising Rs 2,500-3,000 crore through sale of the treasury shares, which it will receive for merging four of its subsidiaries with itself, as indicated by an investment banker following the deal. The cement and construction biggie is going to receive treasury shares to the tune of 14.5% of the … Read more Jaiprakash Associates may raise Rs 2.5-3k cr through sale of treasury shares

The joint venture between the KK Modi Group and international tobacco giant Philip Morris, Godfrey Phillips India (GPI), will soon start selling the famous brand Marlboro that is owned by the latter. Marlboro is proposed to be launched this week. Presently, GPI is waiting to receive orders from the domestic dealers for the same. The … Read more Godfrey Phillips India to sell Marlboro Cigarettes in India

The rupee opened higher this morning on decent global cues as markets in Asia were in the positive terrain, while Wall Street settled mostly higher overnight. Traders hope that the sentiment might spur overseas investors to infuse additional funds into domestic equities. The domestic currency opened at 47.31 and traded range-bound at 47.30/32 per dollar … Read more Rupee trading higher on Wednesday

Public sector firms Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) have announced that they have arrived at the current financial year’s long-term prices of coking coal. The coking coal prices have been fixed at $115-125 per tonne after discussing the same with global suppliers. These prices are almost 60% cheaper from the … Read more SAIL, RINL to get coking coal at 60% discount to last year’s prices

Pantaloon Retail India is planning to raise additional long term funds to the tune of Rs 1,000 crore by issuing securities to various investors by various means, including public or private offerings or qualified institutional placement (QIP). The board of directors of the company has approved the fund raising plan through issuance of equity based … Read more Pantaloon Retail to raise Rs 1,000 cr; mulls merger of subsidiary firm