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MHADA’s 925-acre Mumbai redevelopment pipeline may draw Rs 4 lakh cr investment
Mumbai's housing redevelopment is set for a massive Rs 4 lakh crore investment, promising 75,000 rehabilitation tenements and 30,000 MHADA units. This large-scale urban renewal, covering 925 acres across 11 projects, aims to transform ageing colonies and densely populated areas. The new Construction & Development Agency model prioritizes residents with transit rent support and maintenance funds, attracting major developers like Adani and Reliance.
Buy, Sell Or Hold: Reliance Industries, Tata Motors CV, DLF, Garden Reach Shipbuilders And Ola Electric — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
Stock Alert: Ashoka Buildcon, NLC India, Reliance Industries, Vedanta, RBL Bank - Business Standard
Stock Alert: Ashoka Buildcon, NLC India, Reliance Industries, Vedanta, RBL BankBusiness Standard
L&T betting big on 'digital workers' to overcome manpower challenges in projects: CFO R Shankar Raman
Larsen & Toubro is embracing automation and robotics to boost construction. The company aims to transform the industry by reducing reliance on manual labor.
Supreme Court provides relief to Reliance in 2007 securities market fraud case
Reliance Industries Ltd received relief from India's Supreme Court. The court overturned a lower court ruling and a 2020 order by the markets regulator. This order had alleged manipulative trading practices by the company. The Supreme Court directed SEBI to refund 2.5 billion rupees to Reliance. The case involved a stake sale in Reliance Petroleum Ltd.
SC sets aside SAT order directing RIL to disgorge ₹447 crore
The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R
SC quashes SEBI order against Reliance in RPL trading case; orders ₹250 crore refund
The Supreme Court has quashed SEBI's order alleging fraudulent and manipulative trades by 12 Reliance-linked entities in Reliance Petroleum shares in 2007. The court also set aside a 2020 SAT ruling that upheld the regulator's findings and directed the refund of ₹250 crore deposited by Reliance Industries.
Supreme Court sets aside Sebi ₹447 crore disgorgement order in Reliance Petroleum derivatives case
The top court overturned SAT fraud findings, but upheld limited derivatives violations in long-running 2007 trading dispute involving Reliance Industries and Reliance Petroleum.
Reliance Industries gets partial relief from Supreme Court as it sets aside Rs 447 crore Sebi recovery order
In a landmark ruling, the Supreme Court has sided with Reliance Industries Ltd in a trading case that has spanned over 15 years. The court has annulled a substantial disgorgement order previously placed on the company, providing some relief. However, the Rs 25 crore fine levied by the Securities and Exchange Board of India (Sebi) stands firm.
RIL, foreign firms refute in SC Centre's claim of 'unjust' extraction of gas from KG basin
Reliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the Supreme Court challenging a High Court verdict that overturned an arbitral award in their favor. The Centre had demanded over a billion dollars for gas allegedly migrated from ONGC blocks to their KG-D6 area.
Adani, Reliance, Lodha, JSW bid for 206-acre Mumbai redevelopment projects
Leading real estate firms are vying to redevelop three large housing colonies in Mumbai. These projects span prime areas like Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority is overseeing the process. This initiative aims to upgrade living standards for residents in older colonies. It promises modern housing and improved urban infrastructure for thousands.
Vascon Engineers hits the roof after bagging Rs 132-cr order from Reliance Industries
Vascon Engineers hit an upper circuit of 5% to Rs 34.98 after the company announced that it has received Letter of Intent amounting to Rs 131.58 crore from Reliance Industries.