DLF’s wholly owned subsidiary — DLF Home Developers — has entered into a non-binding Term-sheet with a fund managed by Hines (a privately owned global real estate investment, development and management firm) for forming a 51:49 partnership to develop a high-end commercial project on a land parcel of 11.76 acres situated in Gurugram. The transaction … Read more
Victory Paper and Boards India has received an approval from its board to start Aluminium Roofing sheet production. The company decided to purchase Aluminium roofing sheets and manufacturing machines from Anna Aluminium Company together with the factory for lease at Avinashi, Coimbatore, for roofing sheet business. The Board of Directors of the company at its … Read more
Parts of the world’s largest ice sheet would melt if Antarctic warming of just 2°C is sustained for millennia, according to international research. University of Queensland scientist Dr Kevin Welsh was part of a team that used evidence from warm periods in Earth’s history to see how the East Antarctic Ice Sheet might react to … Read more
These fraudulent guarantees enabled Nirav Modi to secure loans from overseas banks which he siphoned off, the CBI alleged. The scam pertains to the alleged issuance of fraudulent Letters of Undertakings of more than USD 2 billion to companies of Modi and his uncle Mehul Choksi by the Punjab National Bank’s Brady House branch in … Read more