Avani Group to foray into retail business
Kolkata-based real estate company Avani Group is to foray into retail business by December, a senior executive said.
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Acid test for realty in DLF-CCI spat
As the realty major DLF moves the Compat to challenge the CCI penalty of Rs.630 crore, the real estate sector will soon get an answer as to whether their business falls under the service sector.
SAT upholds SEBI order; asks Sahara to refund Rs 24K cr to investors
The SAT on Tuesday, September 18, upheld an order passed by SEBI against two Sahara group companies and directed them to return money raised from the public in violation of securities regulations with an interest of 15%.
Malls as growth drivers for franchising in India
Franchising is basically the replication of a successful business model format across locations through like-minded partners.
Realty sector exudes guarded optimism over SC rule on realty sales via power of attorney
The real estate sector has expressed guarded optimism on Supreme Court ruling that terms as “illegal” any sale of immoveable property through power of attorney (POA) unless the case is “genuine”.
SEBI raps BSE in Sahara case
The Securities and Exchange Board of India (SEBI) has questioned the Bombay Stock Exchange (BSE) the basis on which it gave a certificate to the Sahara group on the ‘listability’ of optionally fully-convertible debentures (OFCDs).
Unitech approaches CLB with offers to buy out Telenor
Unitech in its petition before the CLB, in which it accused Telenor and its executives of ‘oppressive and mala-fide actions’ has offered to buy Norwegian partner Telenor’s 67.25% stake in their mobile joint venture.
DLF challenges CCI order; tribunal to hear appeal next month
Realty major DLF has filed a petition with the COMPAT against the August 16 order of the CCI that imposed a fine of Rs.630 crore on the company for “abuse of dominant market position”.
Unitech to drag Telenor to Company Law Board
The Unitech Group plans to drag global communications major Telenor to the Company Law Board citing ‘gross mismanagement’ of their joint venture mobile phone operations by the Norwegian telco.
SEBI pleas more time with SC in Sahara case
The Securities and Exchange Board of India (SEBI) has filed an application before the Supreme Court seeking an extension of deadline in the Sahara case.