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DLF says IL&FS default crisis, India credit market turmoil will help its home sales; here’s how
Posted on 2nd November 2018
The turmoil in India’s credit markets, brought on by defaults at a major infrastructure financier, will benefit the nation’s largest developer, allowing it to sell homes while peers struggle to get money to finish their projects.

Gurugram-based DLF has adequate liquidity and access to capital to meet all of its obligations on time. It believes that it is well placed to grab opportunities, the company said Thursday at the release of its second-quarter results A unit of DLF and Hines have agreed to jointly develop a commercial project in Gurugram, near New Delhi. The 51:49 partnership will result in more than 2.5 million square feet of commercial space.

The transaction is expected to be closed in the current quarter, DLF said Thursday Hines is a U.S.-based privately owned global real estate investment, development and management firm with $116.4 billion of assets under management Net consolidated profit at DLF more than doubled to 3.8 billion rupees ($51.7 million) in the quarter ended September 30.

Related Companies: DLF Ltd   

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Sensex cracks over 300 points; Nifty below 11,700
Posted on 22nd April 2019
The benchmark BSE Sensex cracked over 300 points in early trade on Monday tracking losses in index heavyweights RIL, HDFC and ICICI Bank, amid weak global cues, sinking rupee and soaring crude oil prices.

The 30-share index was trading 309.56 points or 0.79% lower at 38,830.72. The NSE Nifty too plunged to 101.80 points, or 0.87%, to 11,651.


Rupee falls 47 paise to 69.82 against US dollar in early trade
Posted on 22nd April 2019
The rupee fell sharply by 47 paise to 69.82 against the US dollar in early trade Monday on higher demand for the greenback from importers and banks.

Forex dealers said besides increased demand of the US currency from importers, lower opening of the equity markets weighed on the rupee.


Sri Lanka blasts: Death toll rises to 290; 13 arrested so far
Posted on 22nd April 2019
The toll in a series of eight blasts targeting mostly churches and hotels in Sri Lanka on Sunday has risen to 290, a police spokesman said Monday.

More than 500 people were wounded in the blasts, he added, in the deadliest violence since the end of the country's long-running civil war a decade ago.


Maruti Suzuki cuts discounts on popular models, all sops to go by September
Posted on 22nd April 2019
Maruti Suzuki has started lowering discounts on several models to drive up sales before it phases out the practice later this year. Dealers FE spoke to said discounts on popular models such as Alto and Dzire were trimmed from Rs 60,000 earlier to Rs 40,000 in April. The discounts would be further lowered and fully phased out by around August or September.

Similarly, discounts on compact SUV Brezza and premium hatchback Swift have been cut this month by around Rs15,000-Rs 30,000 and Rs 35,000, respectively.


Reliance Industries shares slump 3% after GRM fall; should you buy or sell stock?
Posted on 22nd April 2019
Shares of billionaire Mukesh Ambani-led Reliance Industries slumped in trade on Monday morning, after the firm’s GRMs came in at the lowest level since Q3FY15. Reliance Industries shares slumped nearly 3% to hit the day’s low at Rs 1,345.30 on BSE. Notably, the firm has reported a drop in standalone net profit for the first time in 17 quarters.

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