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2011: Tough year for realty, no respite seen in short-run

Adani to exit real estate
Adani Enterprises Ltd (AEL) is exiting the real estate business, the flagship company of diversified conglomerate Adani Group revealed on Thursday. Its board of directors has already approved a proposal to divest holding in Adani Infrastructure Development Ltd, (AIDL), a step-down subsidiary of AEL. The offloading of its holding is expected to create more liquidity for Adani Group's core business such

Shoppers Stop on expansion mode

Shoppers Stop, which opened its 50th store on Thursday with its sixth store in Bangalore, plans to spend Rs 225 crore over 2012-13 and 2013-14. The retailer, which has its operations spread across

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Market Eye: Real estate shares rise on expectations of pick-up

Shares in real estate companies were up on expectations of a pick-up in deal flows and a fall in interest rates, which would benefit both builders and real estate buyers, dealers said. Chai cafes woo

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Sebi wants 500 violators blacklisted

Capital market regulator Sebi has decided to share with the Ministry of Corporate Affairs the names of about 500 companies that allegedly garnered money from investors in violation of its

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Ramky Estates charts Rs 1,700 cr expansion in south

Hyderabad-based Ramky Estates and Farms Limited (REFL), the real estate and property development arm of the over Rs 3,000-crore Ramky Group, is investing Rs 1,700 crore in various projects

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World stocks lower as Greek debt talks drag on
World stock markets were mostly lower Tuesday as talks dragged on to resolve a massive debt mess in Greece before it explodes into a wider financial crisis.

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2011: Tough year for realty, n...