DLF plans to lower debt to Rs 17,000 cr
DLF on Sunday, July 15, said it planned to cut its Rs 23,000-crore debt to about Rs 17,000 crore in this financial year and asserted that it was not unduly “perturbed” by the massive load.
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DLF’s KP Singh gets entrepreneurship award
DLF’s Chairman, K.P. Singh, has been conferred the “Indian Business Leader of the Year” award by Horasis: The Global Visions Community — an independent organisation that promotes sustainable future.
DLF sells hotel arm Adone for Rs 567 cr to cut piling debt
DLF, has sold its entire stake in Adone Hotels and Hospitality Limited (Adone) to Kolkata-based Avani Projects and Square Four Housing & Infrastructure for Rs 567 crore. This was in line with its strategy of divesting non-core assets to pare debt, DLF said in a statement.
DLF Q4 net falls 39%, gets Rs 457-cr tax demand notice
DLF has said its March quarter consolidated net profit fell 39 per cent on higher interest outgo and it had received an additional tax demand of Rs 457.4 crore from the Income Tax (I-T) Department for the 2009-10 assessment year (AY).
Competition Commission of India pulls up DLF yet again
The Competition Commission of India (CCI) has pulled DLF yet again in a recent order for cancellation of allotment of an apartment of a member of DLF’s Park Place RWA, stating that it was in “direct contravention” of its stay order of September 2010.
New Bench to decide DLF dispute over CCI fine
The Competition Appellate Tribunal (Compat) has said a new Bench will decide the DLF case wherein the realty major has challenged CCI’s Rs 630 crore penalty on it and the final hearing has been adjourned to July 18.
DLF & HUDA to build 16-lane corridor to ease Gurgaon traffic woes
A 16-lane dedicated corridor in Gurgaon will link DLF’s Gateway Tower in Cyber City to the Golf Course Road, offering some relief from crumbling infrastructure in Delhi’s suburb.
DLF to end partnership with Salvatore Ferragamo to exit luxury brands business
Less than a fortnight after ending its joint venture with Giorgio Armani, DLF said it is in the process of breaking its partnership with another Italian luxury brand Salvatore Ferragamo as part of a move to exit luxury brands business.
DLF gains after Goldman Sachs upgrade
India’s largest real estate developer DLF Ltd rose 3.2 percent to 188.10 rupees after Goldman Sachs upgraded its rating on the stock to “buy” from “neutral” and raised its 12-month target price to 264 rupees from 252 rupees.
DLF may not extend IPL’s sponsorship
Realty major DLF may not extend sponsorship to the Indian Premier League (IPL) after its first five-year deal expires this year. According to DLF sources, they have conveyed this to the Board of Control for Cricket in India (BCCI).