On September 02, 2014 16:39 (IST)
Real estate firm Unitech has said it will sell non-core land parcels to reduce debt by 15-20 per cent and improve cash-flows for faster execution of ongoing projects.
On August 13, 2014 20:24 (IST)
Realty firm Unitech on Wednesday reported a 91 per cent decline in consolidated net profit at Rs 5.56 crore for the quarter ended June as the company booked losses of nearly Rs 1,000 crore in its erstwhile telecom business.
On August 13, 2014 14:55 (IST)
Realty stocks, in particular, were hammered down. Unitech traded 15 per cent lower as of 2.35 p.m., while Kolte-Patil Developers traded 10 per cent lower. Anant Raj fell 9.5 per cent, while Indiabulls Real Estate declined 9 per cent. Among large cap ...
On June 24, 2014 23:21 (IST)
Fair trade regulator CCI has ordered a probe against a DLF group company for allegedly imposing unfair and unreasonable conditions on office buyers at one of its commercial projects in Gurgaon.
On June 21, 2014 00:26 (IST)
MV SCIF Mauritius, part of US-based asset management company Van Eck Associates Corporation, on Friday picked up over 2 crore shares in six companies, including Unitech, Tata Elxsi, MTNL and Gitanjali Gems for an estimated amount of Rs 122.54 crore t...
On June 11, 2014 19:21 (IST)
Unitech Corporate Parks, a Unitech group firm listed in London, on Wednesday said it will sell its entire 60 per cent stake in six IT Special Economic Zone/Park projects in India to global realty firm Brookfield for over Rs 2,000 crore.
On June 10, 2014 10:14 (IST)
Expectations of reforms and optimism about a recovery in the domestic economy have sent domestic shares up 21.4 per cent so far this year, outperforming a 5 per cent gain in the broader MSCI Asia-Pacific index excluding Japan.
On May 29, 2014 12:22 (IST)
Unitech Ltd shares fall as much as 4.8 per cent after posting a wider-than-expected Rs51.55 crore loss in the January-March quarter.
On May 28, 2014 20:41 (IST)
Realty firm Unitech reported Rs 51.55 crore consolidated loss for the quarter ended March, dragged down by the provision to write off Rs 103.02 crore investment in its erstwhile telecom business.
On May 20, 2014 16:44 (IST)
Shares in Unitech Ltd surged as much as 18.5 per cent to their highest since May 23, 2013, extending a recent rally on hopes potential economic reforms by the incoming government would also include housing, such as by making it easier to buy homes.
On April 04, 2014 23:26 (IST)
Norwegian telecom operator Telenor on Friday said it has been allowed to offset Rs 1,660 crore against payment due for spectrum bought in November 2012.
On April 03, 2014 15:34 (IST)
Unitech Corporate Park, a London Stock Exchange-listed group firm of Unitech, is in talks to sell its entire stake in 6 commercial projects being developed in India in partnership with the realty major.
On March 27, 2014 23:13 (IST)
Realty major Unitech has leased office space in its under-construction special economic zone (SEZ) at Gurgaon in a deal that would give rental income of about Rs 1,100 crore over 15 years, according to sources.
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.