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ICICI Prudential Mutual Fund trims stake to 7.12% in Kalpataru Projects International
ICICI Prudential Mutual Fund has decreased its stake in Kalpataru Projects International Ltd below 8% through open market transactions, selling 1,498,354 shares since December 2021.
Realty developer Puravankara acquires 9.73-acre land parcel in north Bengaluru
Realty developer Puravankara has acquired a significant land parcel in North Bengaluru. The 9.73-acre plot in the Devanahalli growth corridor has a gross development value of Rs 800 crore. This move strengthens Puravankara's presence in a rapidly expanding residential market. The upcoming project will cater to homebuyers seeking well-connected locations with improving infrastructure and job opportunities.
Puravankara acquires 9.73-acre land parcel in North Bengaluru
With estimated gross development value of Rs 800 cr
Brigade Enterprises shares rally 10% after bonus issue. Here's why you can ignore the 22% plunge
Brigade Enterprises shares appeared to plunge 22% on Wednesday after adjusting for its 1:3 bonus issue, but the decline was purely technical and did not erode shareholder value. After opening at the adjusted price of Rs 559.70 against the previous close of Rs 720.25, the stock rallied about 10% to an intraday high of Rs 595.95. The company had announced its first bonus issue in nearly seven years, granting one bonus share for every three shares held as of the June 17 record date.
SC's ₹30,000 homemaker benchmark may lift accident compensation payouts
A Supreme Court ruling has assigned a notional monthly value of ₹30,000 to unpaid household work. This decision is expected to significantly increase compensation payouts in motor accident claims. Insurers will likely need to reassess their reserves for third-party claims. The ruling recognizes the economic contribution of homemakers, potentially leading to higher awards in death and injury cases.
SC's ₹30,000 homemaker benchmark may lift accident compensation payouts
A Supreme Court ruling has assigned a notional monthly value of ₹30,000 to unpaid household work. This decision is expected to significantly increase compensation payouts in motor accident claims. Insurers will likely need to reassess their reserves for third-party claims. The ruling recognizes the economic contribution of homemakers, potentially leading to higher awards in death and injury cases.
Eternal, Sobha among 11 stocks FIIs cut stake for 8 quarters in a row
Shareholding data shows that FIIs reduced equity holdings in 11 stocks from Nifty 500 in every single quarter after March 2024. List includes PNB Housing Finance, Eternal and Cyient among others.
Bonus bonanza! Last date to buy Brigade Enterprises shares for 1:3 bonus issue reward
Brigade Enterprises in May announced its first bonus issue in around seven years, along with the release of its Q4 results. It said its board approved the plan to issue one bonus share with a face value of Rs 10 each for every three shares held in the company as on the record date.
DLF sells The Dahlias apartment to Madhusudan Kela for Rs 121 crore
DLF has sold a luxury apartment in The Dahlias for Rs 120.71 crore. This transaction sets a new benchmark for Gurgaon's real estate market. The project is driving DLF's sales, with significant revenue potential. Other high-value transactions have also occurred in Gurgaon, surpassing prime Mumbai and Lutyens Delhi prices.
Capacite Infra gets Letter of Intent for ₹589 crore order from Raymond Realty arm
In February this year, Capacite Infra had received another letter of intent from Raymond Realty for a contract value of ₹537 crore for projects in Thane.
Capacite Infraprojects secures LoI from Ten X Realty for Rs 589 crore project
Capacite Infraprojects said that it has received letter of intent (LOI) from Ten X Realty East, a subsidiary of Raymond Realty, for a total contract value of Rs 589 crore.
Suraj Estate acquires development rights for Mahim land parcel, eyes Rs 800 cr GDV
Suraj Estate Developers is set to acquire development rights for a 0.72-acre land parcel in Mahim (West), Mumbai, for Rs 75 crore. This strategic acquisition is expected to boost the company's commercial footprint in South Central Mumbai, adding approximately 1.50 lakh sq ft of saleable area with an estimated gross development value of Rs 800 crore.