In a landmark case, a group of flat-buyers dragged DLF to the CCI, which accepted their contention, censured DLF and fined it Rs 630 crore. The case may well spark some change in the real estate sector's functioning in the years ahead.
Borosil has got a windfall from the sale. Shareholders will hope the cash is returned to them via a dividend or share buyback. If the management thinks otherwise, they will be disappointed.
The Godrej group is using the relatively new Limited Liability Partnership for a real estate project between Godrej Properties, Godrej Industries and Godrej & Boyce. If it works out well, it may well give a boost to the nascent LLP form of incorporation.
The real estate slump hit business during the June 2009 quarter but unsold inventory led to a bizarre situation where expenditure was negative. Still, its June 2009 quarter profit was 3.5% compared to a year ago.
Tata Motors is seeking to make use of JLR’s rising cash flows by leveraging its balance sheet, and refinance existing debt and potentially lower interest costs too.
State Bank of India’s reaction to the credit policy was swift, in a move which will see short term deposit rates spike and all loans will become expensive.
