On March 11, 2014 20:48 (IST)
Life Insurance Corporation (LIC) on Tuesday said real estate developer Unitech's Rs 200-crore loan account continues to remain sub-standard and it will pursue all options to recover the money, according to a top company official.
On March 11, 2014 14:59 (IST)
Realty major Unitech has sold almost 10 acres of land in Bangalore and Mysore for about Rs 100-130 crore as part of its strategy to repay debt, according to sources.
On February 26, 2014 10:26 (IST)
Real estate developer Unitech has claimed that it has been regularly servicing the Rs 200-crore loan it had taken from LIC, even though a senior official of the life insurance major said they are looking into the account as it is a very serious matte...
On February 14, 2014 20:45 (IST)
Unitech on Friday reported a 61 per cent decline in consolidated net profit at Rs 32.82 crore for the third quarter that ended on December 31, 2013, due to a sharp rise in finance cost and other expenses.
On January 16, 2014 00:43 (IST)
Real estate major Unitech plans to sell its two hotels in Noida and Gurgaon for an estimated Rs 600 crore as part of its strategy to divest commercial properties, according to sources.
On December 27, 2013 18:50 (IST)
Telenor formed Telewings in partnership with Lakshdeep Investments & Finance which held 51 per cent stake in the joint venture.
On December 23, 2013 17:45 (IST)
The BSE Sensex edged higher on Monday, as blue chips gained on continued foreign inflows despite last week's decision by the US Federal Reserve to start reducing its bond purchases, although a fall in Infosys Ltd capped broader gains.
On December 04, 2013 22:05 (IST)
LIC Housing Finance on Wednesday said it has no exposure to Unitech, whose shares plunged around 10 per cent following reports the lender had sent a show-cause notice to the Delhi-based builder for defaulting on its loan payment.
On December 04, 2013 15:21 (IST)
Realty stocks led the losses with the BSE Realty benchmark down 2.8 per cent as compared to 0.77 per cent fall in the broader Sensex. Unitech shares were down over 9 per cent. DLF traded two per cent lower.
On November 26, 2013 18:16 (IST)
Shares in Unitech, Canara Bank, Bank of India and Wockhardt slumped as much as 8 per cent, after they were dropped from the Morgan Stanley Capital International (MSCI) India index with effect from Tuesday.