Property developer Godrej Properties on Wednesday said it achieved sales of Rs 575 crore in a single day at the launch of the second phase of its project Godrej Woods in Noida. Godrej Properties said it sold 340 homes with an area of more than half a million square feet on the first day of … Read more
The worldwide semiconductor market is expected to grow by 17.3 per cent in 2021 versus 10.8 per cent in the previous calendar year, according to research firm IDC. The industry will see normalisation and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come … Read more
SpiceJet confirmed to have received shareholders’ approval to transfer its cargo and logistics services business to its subsidiary, SpiceXpress and Logistics Private Ltd. (SLP), on a slump-sale basis, for Rs 2,555.77 crore. Key points to note – Transfer of business is to a wholly owned subsidiary without any cash consideration. SLP will issues shares to … Read more
Robinhood Markets Inc is testing new crypto wallet and cryptocurrency transfer features for its app which would allow customers to send and receive digital currencies such as bitcoin, Bloomberg News reported on Monday. A beta version of its iPhone app showed the company’s work on such features, the report said. There was also a hidden … Read more
Nestle India chief Suresh Narayanan on Monday said that 2022 will likely be a “difficult year” as commodity prices are expected to rise and result in the spectre of food inflation for the manufacturers. The leading FMCG player, well known for household brand names like Maggi and Milkybar, is anticipating an escalation in the prices … Read more
Carlyle is set to divest another 3.4% stake in SBI Cards and will now be left with just 3.1% stake in the Company. The sale will happen in the price band between Rs 1,021–Rs 1,072.3 per share (closing price as on September 20, 2021 was Rs 1,072.3) Key points to note – SBI Cards was … Read more
The rapid growth of Evergrande in the past decade has been fueled by an unsustainable debt burden of more than $300 billion. Now China’s second-largest property developer is showing signs of financial distress and may not be able to make upcoming interest payments. Here’s everything you need to know about the indebted property developer that … Read more