January 2024

A Hong Kong court on January 29 ordered the liquidation of embattled Chinese real estate giant Evergrande, a move that is likely to impact China’s financial system and the confidence of global investors. Here’s a look at how the Indian real estate market has come a long way since the non-banking financial companies (NBFCs) crisis triggered by the collapse of Infrastructure Leasing & Financial...

India’s steel majors seeking govt intervention to control raw materials prices | Commodities Corner India’s Steel Majors Are Seeking Govt Intervention To Control Raw Materials Prices. Mills has flagged issues in the price discovery process of coking coal by international players and has reportedly asked the...

A Hong Kong court ordered the liquidation of China Evergrande Group on Monday. The Evergrande Group headquarters logo is seen in Shenzhen in southern China's Guangdong province,(AP) Evergrande is the world's most indebted real estate developer and has been at the centre of an unprecedented liquidity crisis in China's property sector, which accounts for roughly a quarter of the world's...

HONG KONG (AP) — A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. FILE - The Evergrande Group headquarters logo is seen in Shenzhen in southern China's Guangdong province, Friday, Sept. 24, 2021. Chinese property developer China Evergrande Group on Monday, Jan. 29, 2024 was ordered to...

The average apartment sizes in the top seven cities have grown by 11% annually last year – from 1,175 sq ft in 2022 to 1,300 sq ft in 2023 on the back of increasing demand for bigger homes, data shared by Anarock Research showed. The average apartment sizes in the top seven cities have grown by 11% annually last year – from 1,175 sq ft in 2022 to 1,300 sq ft in 2023 on the back of...

When Vinod Sharma, who hails from Varanasi bought a 1350 sq ft (1 biswa) plot of land 15 years back in the city for ₹2.5 lakh just about 7 km from the Kashi Vishwanath temple, little did he know that the price of the plot would escalate to ₹50 lakh. The massive infrastructure push to the heritage town, the opening of the revamped Kashi Vishwanath Corridor in 2021 that connects the ancient Kashi...

India’s steel majors seeking govt intervention to control raw materials prices | Commodities Corner India’s Steel Majors Are Seeking Govt Intervention To Control Raw Materials Prices. Mills has flagged issues in the price discovery process of coking coal by international players and has reportedly asked the...

Krishna Kuppuswami Dasarakothapalli, known for films such as The Family Man, Farzi, Stree, Go Goa Gone, has bought a duplex in Mumbai's Goregaon suburb for ₹35.50 crore, documents accessed by Zapkey.com showed. Writer, director and producer, Krishna Kuppuswami Dasarakothapalli, known for films such as 'Go Goa Gone Go Goa Gone', has bought a duplex in Mumbai's suburbs for ₹35.50 crore. The...

The government’s construction arm NBCC will be developing a mixed-use project worth ₹2000 crore in Kerala, NBCC said in a statement on January 25. The government’s construction arm NBCC will be developing a mixed-use project worth ₹2000 crore in Kerala, NBCC said in a statement on January 25.. (Picture for representational purpose only)(Pixabay) The development of 17.9 acres of land...

Realty major DLF Ltd will acquire 29 acres of land in Gurugram from IREO to build a housing project after taking over bad loans worth ₹825 crore related to the land. Realty major DLF Ltd will acquire 29 acres of land in Gurugram from IREO to build a housing project after taking over bad loans worth ₹825 crore related to the land. (Picture for representational purpose only) A senior...