Crown Resorts Seeks Revised Offer From Blackstone; Offers Access To Books

Australian casino operator Crown Resorts Ltd. (CWN.AX) Monday said that the takeover proposal from Blackstone Inc. (BX) at a price of A$12.50 cash per share does not represent compelling value, and that it expects a revised proposal that adequately reflects the value of Crown. For this purpose, Crown has offered Blackstone the opportunity to access its non-public information to undertake […]

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438 infra projects show cost overrun of ₹4.34 lakh crore

Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages As many as 438 infrastructure projects, each worth ₹150 crore or more, have been hit by cost overruns totalling more than ₹4.34 lakh crore, according to a report. The Ministry […]

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International airport at Jewar to bring Noida, Greater Noida at par with Gurugram: Realtors

Prime Minister Narendra Modi on Thursday laid the foundation stone for the Noida International Airport The proposed international airport at Jewar in Uttar Pradesh is likely to boost property market of Noida and Greater Noida and will bring the two cities at par with Gurugram, according to real estate developers and consultants. Prime Minister Narendra Modi on Thursday laid the […]

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Domestic two-wheeler volume to shrink 1-4% YoY this fiscal: ICRA

Further, ICRA said that the lacklustre festive season performance also highlights the continued wariness among the low-income population regarding big-ticket purchases. Domestic two-wheeler (2W) volume is expected to shrink by 1-4% year-on-year this fiscal, impacted by relentless increase in two-wheeler prices as well as record high petrol cost, among others, credit ratings agency ICRA has said. Further, ICRA said that […]

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Govt. puts on sale MTNL, BSNL assets at base price of ₹970 crore

Asset monetisation is part of the ₹69,000-cr. revival plan for state-owned firms The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of about ₹970 crore, according to documents uploaded on the DIPAM website. BSNL properties located in Hyderabad, Chandigarh, Bhavnagar and Kolkata have been posted for sale at a […]

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Real estate sector seeing several positive signs: Sundaram Home

Stable prices, low interest rates, persistent demand bode well for industry: MD The real estate sector is witnessing several positive signs that bode well for the industry’s outlook, said Sundaram Home Finance (SHF) MD D. Lakshminarayanan. “Prices [of housing] have largely remained stable in the last 18 months,” he said. “There is enough inventory to buy. Builders are offering incentives […]

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Biden takes aim at oil and gas industry with methane emissions plan to fight climate change

Harold Hamm on climate summit: US apologizing to the rest of the world is ‘inappropriate’ Continental Resources Executive Chairman and founder discusses the Biden administration’s impact on the oil industry, natural gas demand, Russia and China’s absence at the climate summit and Election Day. The Biden administration unveiled its Methane Emissions Reduction Action Plan on Tuesday, as President Biden addressed […]

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Central trade unions urge PM to roll back Air India sale

There is no clarity on future of its 14,000 employees, who were praised for their service during COVID-19 lockdown, they say Ten Central trade unions on Tuesday wrote a joint letter to Prime Minister Narendra Modi to stop the sale of Air India to the Tatas and roll back what they termed the “policy of selling national assets”. They said […]

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Explained | Will the Tatas be able to turn around Air India?

How does the company plan to revive the debt-laden carrier? What are the challenges and advantages? The story so far: On October 8, the Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey announced at a press conference that the Tata Sons subsidiary, Talace Pvt. Ltd., had won the bid for the national carrier, Air India. He […]

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