Lavasa

Two new bidders have offered Rs 550 crore and Rs 750 crore, respectively, for the Lavasa project, which has outstanding loans amounting to Rs 6,000 crore. The two bids are also said to have been placed with the condition that the project will receive environmental clearance. The project's 1,500 homebuyers have paid at least 60 percent of the property price but may get only a fraction of that amount back should the case be resolved.

Oberoi, Interups join race to buy Lavasa: Report

Oberoi Realty submitted its Expression of Interest (EoI) on December 27, 2019, while Interups submitted its EoI on January 6.

HCC turns claims to cash, gets some breathing space

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

Creditors take HCC’s Lavasa Corporation to insolvency court

NCLT has appointed Mr. Devendra Prasad as Interim Resolution Professional under the provisions of the IBC

HCC: Is the risk attractively priced?

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.

HCC: The perfect candidate for a turnaround in the infra space

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

Bankers to HCC unit's Lavasa Corp invoke RBI’s strategic debt restructuring

The total debt of the company to be restructured is tentatively at about Rs 3,000 crore.

Expect turnover to grow 50% over next 2 years: HCC

Group CFO Praveen Sood says HCC's turnover is likely to grow at around 50 percent over the next 2 years.

Sahara boss' parole costs SEBI over Rs 3 lakh a month

SEBI has deployed constables to keep tabs on Sahara chief Subrata Roy, who owes the country's market regulator Rs 12,000 crore.

How realistic is India‘s Smart Cities Mission?

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

Aspirational middle-class drives up demand for second homes

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 &#82

New projects may flow in another 6 months- 1 year: HCC

Ajit Gulabchand, Chairman, HCC told CNBC-TV18 that the issue of payment to the industry is yet to be sorted out.

HCC soars 12% after Lavasa gets Sebi nod for IPO

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.

Negative on HCC: SP Tulsian

SP Tulsian says he has a negative stance on Hindustan Construction Company for last one-one and half year.

Everything is back on table including Lavasa IPO: HCC

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.

25:75 house of happiness scheme: Too good to be true?

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?

Adani, Tata Power & GVK are market's stars: Tulsian

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.

Lack of transparency in selection of Lavasa project: CAG

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.

Lenders Union Bk, PNB to classify Lavasa Corp as NPA in Q4

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 in bank books

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.

Will Lavasa headache see HCC sell 26% stake in Mumbai HQ?

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.

Check out Tulsian's comments on market movers of the day

SP Tulsian of sptulsian.com spoke to CNBC-TV18 about stocks that were on the move intra-day. Check out his comments.

Fresh petition against Lavasa; land notice challenged

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.

Find out: Angel Broking's verdict on L&T, JSW Steel, HCC

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).

Lavasa petitions can be heard by Green Tribunal: HC

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.