Oberoi Realty submitted its Expression of Interest (EoI) on December 27, 2019, while Interups submitted its EoI on January 6.
HCC's innovative move to convert claims to cash will help lower some of its debt but it has some way to go before investors can rest easy
NCLT has appointed Mr. Devendra Prasad as Interim Resolution Professional under the provisions of the IBC
In our opinion, investors should look at HCC more as a standalone entity than as a whole, because even if the Lavasa issue is not resolved, the liability arising from it would be limited.
At current market capitalisation of Rs 3,585 crore, its stock is trading at 14.3 times its FY19 estimated earnings which is quite attractive
The total debt of the company to be restructured is tentatively at about Rs 3,000 crore.
Group CFO Praveen Sood says HCC's turnover is likely to grow at around 50 percent over the next 2 years.
SEBI has deployed constables to keep tabs on Sahara chief Subrata Roy, who owes the country's market regulator Rs 12,000 crore.
Urbanisation in India, is increasing at a rapid pace. It is estimated that by 2030, over 40% of Indians will live in cities, accounting for a population of 600 million people. Consequently, it is R
While the scramble to buy a home is a painful rite of passage for many in the metros, the upwardly mobile and affluent are being tempted by all manner of options when it comes R
Ajit Gulabchand, Chairman, HCC told CNBC-TV18 that the issue of payment to the industry is yet to be sorted out.
Sebi issued its final observations on the draft offer documents on November 7. Sebi's observations are necessary for the companies to launch any public offer.
SP Tulsian says he has a negative stance on Hindustan Construction Company for last one-one and half year.
Due to delay in approvals we lost three years, we are now making for it. In just another three years we will be there on the doorsteps of the stock markets. So, everything is back on the table including the Lavasa IPO, Ajit Gulabchand, HCC said.
The new 25:75 scheme enables one to pay 25 percent upfront and 75 percent on possession of property. But are they too good to be true?
Tulsian of sptulsian.com explains to CNBC-TV18 that the power sector rose to the occasion on reports of a government bailout package. The stars of the sector, Tulsian says, are Adani, Tata Power and GVK Power.
Observing that the project nods were given without environmental and cabinet approvals, the Comptroller & Auditor General (CAG) has rapped the Maharashtra government for "total lack of transparency" in the selection of the Lavasa hill station project in Pune district.
Lavasa developed by HCC's subsidiary HCC Real Estate, will be classified as a non-performing asset (NPA) when banks report their fourth quarterly numbers.
Bharati Shipyard could land up as NPA on the books of banks this quarter if the lenders fail to finalize the restructuring package by the end of this month, CNBC-TV18's Gopika Gopakumar reports.
HCC is working hard to tackle its debt burden by planning to sell its stake in its Mumbai headquarters, reports CNBC-TV18's Priyanka Ghosh.
SP Tulsian of sptulsian.com spoke to CNBC-TV18 about stocks that were on the move intra-day. Check out his comments.
In a fresh trouble for Lavasa Corporation, two members of tribal community from Mulshi tehsil of Pune have approached the Bombay High Court, challenging the notification which empowered the Corporation to acquire land and act as a Special Planning Authority.
In an interview to CNBC-TV18, Phani Sekhar, fund manager at Angel Broking gives his evaluation of select stocks – JSW Steel, Larsen & Toubro (L&T) and Hindustan Construction Company (HCC).
The Bombay High Court today asked the petitioners and respondents in the Lavasa township case to consider whether the appropriate forum could be the tribunal, set up under National Green Tribunal (NGT) Act of 2010.
Government paralysis, bureaucratic stonewalling of projects and corruption.