Tag Archives: property

PNB fraud: HC asks ED to submit details of property seized from Firestar Diamond

Gold and diamond jewellery worth Rs5,100 crore have been seized by ED from 17 premises belonging to Nirav Modi across Delhi, Mumbai, Surat and Hyderabad. Photo: Reuters New Delhi:┬áThe Delhi high court on Wednesday directed the Enforcement Directorate (ED) to produce complete sequence of facts and list of material particulars in connection with the search and seizure of immovable property ... Read More »

LeEco Gets Fresh $2.18 Billion Investment From Property Developer Sunac

Chinese technology conglomerate LeEco has secured a new round of investment worth CNY 15.04 billion ($2.2 billion or roughly Rs. 14,856 crores) from property developer Sunac China Holdings, according to a stock exchange statement made by Sunac on Friday. Last year LeEco’s founder and chairman Jia Yueting said that his company was facing financial obstacles due to the rapid pace ... Read More »

Loans Against Property Pose Increasing Risks: Moody’s

New Delhi: Moody’s Investors Service on Friday said the overall asset profile of property retail loan portfolio of banks is stable although risks are rising in the non-traditional loan against property segment. “Growth in loan against property (LAP) loans has outpaced overall retail credit growth in recent years, but relatively loose underwriting practices and a tightening in credit following India’s ... Read More »

Indiabulls actual property Cuts Debt by way of sixteen% to Rs four,617 Crore In FY16

New Delhi: Indiabulls real property decreased its net debt sixteen consistent with cent to Rs four,617 crore during the last monetary yr, helped by a nice working coins-go with the flow. In an analyst presentation, the Mumbai-based developer stated the corporation completed a internet debt of Rs 4,617 crore as of March 31, as against the goal of Rs 4,800 ... Read More »