The Bombay High Court (HC) on January 15 ordered setting up of a three-member panel to evaluate and sells assets of the embattled Housing Development and Infrastructure (HDIL). The fund thus accumulated would be used to pay off the debt the builder owes crisis-hit PMC Bank.
Reportedly, according to channel checks run by brokerages, overall demand for cement has been muted in Q3 FY2020, growing at just 2 per cent YoY after having contracted by 2 per cent during the first two-quarters of the fiscal.
Orient Bell has launched its Duazzle and Magnifica range of tiles. The Duazzle Collection consists of wall tiles while the Magnifica Collection consists of floors tiles. OBL touts their signature Multiplica Effect in this collection.
The company has been declared the L-1 bidder by the Airport Authority of India for the construction of new greenfield airport at Hirasar, Rajkot. The work is likely to start in January or February 2020.
Piramal Enterprises recently announced the completion of the Rs 17.50 billion fund raise through preferential allotment of Compulsory Convertible Debentures (CCDs) to Canadian institutional investor, Caisse de dépôt et placement du Québec (CDPQ).