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High Court Clears Path for Tribune Flyover After 4-Year Hiatus
After a prolonged hiatus of four years, the Punjab and Haryana High Court has finally given its nod to the Tribune Flyover project, marking a significant milestone in its progression. This much-awaited decision brings a sense of relief to commuters in Chandigarh and its adjoining areas, who have been grappling with severe traffic congestion and delays.
The Tribune Flyover project, initially proposed to ease traffic woes and enhance connectivity, had encountered numerous legal impediments, stalling its progress for an extended period. However, with the recent clearance from the High Cour..
High Court Clears Path for Tribune Flyover After 4-Year Hiatus
After a prolonged hiatus of four years, the Punjab and Haryana High Court has finally given its nod to the Tribune Flyover project, marking a significant milestone in its progression. This much-awaited decision brings a sense of relief to commuters in Chandigarh and its adjoining areas, who have been grappling with severe traffic congestion and delays.
The Tribune Flyover project, initially proposed to ease traffic woes and enhance connectivity, had encountered numerous legal impediments, stalling its progress for an extended period. However, with the recent clearance from the High Cour..
Maruti's Kharkoda plant production begins March 2025
Maruti Suzuki India, the country's largest passenger carmaker, is preparing to commence production at its new plant in Haryana's Kharkoda by the end of the financial year. The company, with a production capacity of 1.3 million units a year, aims to expand it by 1 million units annually.
RC Bhargava, Chairman of MSIL, mentioned during a post-earnings call that the upcoming plant would begin rolling out passenger cars by March 2025. He stated that their expansion plan at Kharkoda was progressing smoothly, expecting the first line to commence production before the end of the financial ye..
Q4 profit: Keystone Realtors' profit falls 60%
A 60 % fall was seen in realty firm Keystone Realtors Ltd net profit to Rs 0.3 billion for the March quarter. Last year in the same period. The company?s net profit stood at Rs 0.76 billion.
In addition, total spending increased to Rs 7.81 billion from January to March of the previous fiscal year from Rs 2.71 billion the previous year. In the fourth quarter of the most recent fiscal year, total income increased to Rs 8.26 billion from Rs 3.57 billion during the same period the previous year.
The company's net profit increased to Rs 1.12 billion in the 2023?24 fiscal year from Rs..
Brookfield India Real Estate Trust will acquire a 50% stake
50% of the four Grade A assets from Bharti Enterprises (Bharti) will be acquired by Brookfield India Real Estate Trust (BIRET) as per an agreement between the two. The 3.3 million square feet of commercial real estate included in the deal have an enterprise value of about Rs 60,000 million. The whole equity payment for the 50% interest would be satisfied by giving Bharti first dibs on BIRET units, which are valued at Rs 300 each. After that, Bharti will retain an 8.53% ownership position in BIRET, making it the second-largest unitholder.
The portfolio of properties consists of the op..
