Tag: Reliance Industries

Trump Jr. Plans $1 Billion Fund for India Property Acquisitions

July 22, 2008 – 4:29 am

Donald Trump Jr., whose father built a multi-billion dollar fortune in real estate, plans to set up a fund of as much as $1 billion to buy property in India, betting on the nation’s economic growth. New York-based Trump Organization Inc. also plans a residential and hotel project in Mumbai with a local partner to [...]

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BSE Sensex Below 15000

June 9, 2008 – 4:30 am

As oil prices continue to rise, stock markets across the world are finding it difficult to find any support. The recent fall in Indian market has been very quick. Market experts were expecting technical bounce, but the markets lost further ground. On 9th june(today), Stock markets opened lower and BSE benchmark Sensex dropped below 15,000. [...]

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Realty stocks gain ground

April 29, 2008 – 5:49 am

Realty stocks, which opened on a subdued note this morning, are among the prominent gainers in afternoon trade. Mirroring investor interest for these stocks, the BSE Realty index has spurted 3.7% now. Sector heavyweight DLF has gained nearly 7% at Rs 715. Unitech, a Nifty component, has posted a gain of 4.6%. Penland, HDIL, Sobha [...]

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Marks And Spencer Confirms Joint Venture With Reliance Retail

April 19, 2008 – 6:32 am

Marks & Spencer is to enter into a joint venture aimed at establishing itself as a major retail brand in India. The JV is with Reliance Retail, part of the Reliance Industries Group. Marks & Spencer will take a 51% interest in the venture, with Reliance Retail taking the remaining 49%.

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BCCL Picks Up Stake In Mantri Realty

April 8, 2008 – 5:42 am

Bennett, Coleman & Co Ltd (BCCL) has picked up Rs 60 crore worth preference shares in Mumbai-headquartered real estate major Mantri Realty Limited, which has operations in both Mumbai and Bangalore. Mantri Realty is an associate concern of Mantri Enterprises. The company, which has so far completed over 35 residential and commercial projects with over [...]

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RIL Vornado Joint Venture

February 19, 2008 – 1:54 am

Reliance Industries is in advanced discussion with the New York-based Vornado Realty Trust. It is one of the world’s top five real estate asset managers. Main aim of this discussion is to float a $1-billion plus fund. The proposed fund will acquire and manage properties, mainly in the retail space, across India. People familiar with [...]

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