Ansal Properties MD Summoned in Intimidation Case

DHFL scam; CBI arrests Dheeraj Wadhawan in Rs 340 billion fraud case

The Central Bureau of Investigation (CBI) has apprehended former DHFL Director Dheeraj Wadhawan over his purported involvement in a scheme to defraud a consortium of 17 lending banks amounting to Rs 340 billion, according to officials on May 16. Wadhawan was taken into custody from Mumbai during the night of May 13 and subsequently presented before a special court, which remanded him into judicial custody. He and his brother Kapil were previously detained in connection with the case on July 19, 2022.

The agency had submitted a charge sheet against 75 entities, including Kapil and ..

Devyani, PVR, Inox Forge Mall Food JV

Devyani International Limited, PVR Ltd, and Inox Leisure Ltd have joined hands to create a formidable joint venture aimed at revolutionizing the dining landscape within Indian malls. This strategic collaboration brings together the expertise of Devyani in the food and beverage sector, PVR's stronghold in the entertainment industry, and Inox's excellence in cinema exhibition, promising an unparalleled culinary journey for mall visitors across the nation.

The venture intends to develop state-of-the-art food courts within malls, offering a diverse array of dining options to cater to the ..

Supreme Court criticises officials for mishandling solid waste

The Supreme Court criticised the authorities for the inadequate management of solid waste in Delhi-NCR and issued a directive for the Union Housing and Urban Affairs Secretary to organise a meeting of the relevant authorities to devise a solution, which would then be presented before the court.

The Bench, led by Justice AS Oka, expressed that if the authorities failed to propose any tangible solutions, they would contemplate issuing severe orders to address the environmental concerns in Delhi and its surrounding areas.

The Bench underscored the significance of the issue, labell..

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects

Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.

The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..