HDFC Opens First Branch in Lakshadweep

HDFC exits Bengaluru project with Rs 2.98 bn return

HDFC Capital has successfully exited its investment in a Bengaluru-based real estate project, yielding a return of Rs 2.98 billion. The project, developed by Total Environment Building Systems, involved an initial investment from HDFC Capital and subsequent exits through stake sales.

This exit marks another successful venture for HDFC Capital, demonstrating its strategic investment approach in the real estate sector. Total Environment, known for its focus on design and sustainability, has delivered premium residential projects across major cities in India.

The Bengaluru projec..

HDFC Capital Exits Total Environment Project

HDFC Capital, the real estate investment arm of HDFC Ltd, has successfully exited from a Total Environment project in Bengaluru, securing a return of Rs 2.98 billion. This strategic move reflects HDFC Capital's commitment to optimising its investment portfolio and maximising returns for its stakeholders.

The exit from the Total Environment project marks a significant milestone for HDFC Capital, demonstrating its ability to generate attractive returns from its investments in the real estate sector. The company's decision to exit the project aligns with its investment strategy, which focu..

NSE-listed companies' CSR spending reached Rs 155.24 bn in FY23

India Inc.'s corporate social responsibility (CSR) spends reportedly increased by 5% from Rs 148.16 billion in FY22 to Rs 155.24 billion in FY23 across 1,296 NSE-listed companies. It was highlighted that HDFC Bank (Rs 8.20 billion), Tata Consultancy Services (Rs 7.83 billion), and Reliance Industries (Rs 7.44 billion) were the top contributors in this regard.

It was noted that ten companies, including the aforementioned three, collectively contributed to 33% of the total CSR expenditure in FY23, as per data exclusively shared with ET by primeinfobase.com, an initiative of Prime Databas..

NCLAT Halts ATS Projects' Insolvency

The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.

The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..

IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer

IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.

The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..