With help of this equity fund, the JV has the potential to buy out or develop close to USD 1.5 billion (assuming debt-equity of 2:1) worth of commercial projects across India.
Maharashtra chief minister Devendra Fadnavis, on April 22, 2017, said that the redevelopment of Bombay Development Directorate (BDD) chawls in Mumbai, will raise the standard of living of over 12,000 families, currently staying in R
The Forbes list of the 'World's Billionaires' 2017 consists of 2,043 of the richest people in the world who have a combined net worth of USD 7.67 trillion, a record 18-per cent increase over the past year.
After invocation of SDR (Strategic Debt Restructuring) in October last year, a consortium of 22-lenders took control of 51 percent stake in the company, which has loan dues worth Rs 16,400 crore.
Amid reports that Reliance Defence, Shapoorji Pallonji Group and the UK's Liberty House Group have shown interest in buying ABG Shipyard, the debt-ridden company today said it is in discussions with various firms which may be prospective investor.
Tata Sons on Wednesday appointed N Chandrasekaran as Chairman, filling in the post lying vacant since Cyrus Mistry was ousted on October 24. Here is the list of Chandrasekaran‘s major achievements which were crucial to his appointment as Tata Sons captain.
The Tatas say the total ordinary (Rs 40.41 crore) and preference capital (Rs 294 crore) issued by the company amounts to Rs 335 crore. Of which, the Mistrys only owns ordinary capital worth Rs 7.4 crore, which is only 2.17 percent of the total stake.
According to regulatory filing by TCS, less than 18 percent of the 8.78 crore retail or public shareholders participated in the voting on a resolution moved by promoter Tata Sons seeking his ouster from the company board.
Ousted Tata Sons Chairman Cyrus Mistry is likely to take the fight to Tata Trusts and question their authority to hold sway in business decisions at the group, reports The Economic Times.
The Shapoorji Pallonji Group's proposed takeover of Karaikal Port, a unit of Chennai-based infrastructure group MARG, has been called off, reports CNBC-TV18.
Sources tell CNBC-TV18 that the Shapoorji Pallonji Group and Tata's legal battle will begin in a few days. Shapoorji wants to protect the 18.5 percent stake in Tata Sons.
An official spokespeson for Shapoorji Pallonji Group has issued a statement saying that "Neither the SP Group nor MrCyrus Mistry have made any statement yet."
Shapoorji Pallonji Group firm Eureka Forbes, which is aiming to become a USD 1 billion company by 2020, is expanding its presence in Europe as well as North and South America, besides other geographies.
Marg shares are locked at 20 percent upper circuit at Rs 10.69 on Wednesday after a media report suggested that Shapoorji Pallonji group may pick up 51 percent stake in company's subsidiary. There were pending buy orders of 221,607 shares, with no sellers available at 13:07 hours IST.
"Under the current economic situation and industry outlook, the Board deemed a slump sale as the most appropriate method for exit and has accordingly granted its approval to the company to sell, transfer or dispose of its two container freight stations (CFS)," Forbes & Company said in a BSE filing.
This is the second tranche of investment made by CPPIB's in L&T Infrastructure Development Projects Ltd. In June last year, CPPIB had committed to invest Rs 2000 crore in L&T IDPL.
DICV, subsidiary of the German firm Daimler, designs, manufactures and sells commercial vehicles under brands 'BharatBenz', 'Mercedes Benz' and 'Fuso'.
Some of the big-ticket investments in the last 6 months include, Singapore's GIC investing USD 300 million in DLF's upcoming projects. Two, Warburg Pincus and Goldman Sachs together investing USD 350 million in Piramal Realty
The structure is going to be on a deferred payment basis, which means Shapoorji will be paying step-by-step or in stages and the Rs 200 crore will be allocated.
Check the list of largest landowners in India, from the government to businessmen, it's all here
An oil services company owned jointly by Malaysia's Bumi Armada Bhd and India's Shapoorji Pallonji group has won a $740 million contract from state-owned Oil and Natural Gas Corp Ltd (ONGC).
Shapoorji Pallonji group's Afcons Infrastructure today said it has bagged a USD 290 million contract to develop HRD process platform for state-run ONGC.
Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a USD 100 billion global conglomerate with high-profile acquisitions abroad, will retire on Friday ending 50-year run in one of India's oldest business empires.
Quality, not profits, was the mantra for Pallonji Mistry, who retired as chairman of the Shapoorji Pallonji Group.
There's a continuing thread of history in Cyrus Mistry's appointment as Ratan Tata's successor. But the move is also testimony to Tata's professionalism and sincerity