Thursday, Aug 22 2019 | Time 18:55 Hrs(IST)
  • Gutka worth Rs 24 lakh seized from tempo in Palghar, 1 held
  • Martyred Army Naik cremated at his native village
  • Union HRD Min does surprise visit to ICHR, ICSSR, UGC office
  • Ex-Finance Minister P Chidambaram remanded to five-day CBI custody in INX Media scam case
  • La Pegasus Polo renews partnership with Argentine Open
  • Assam asked to increase food grain storage capacity
  • BJP has no role in arrest of former Union Finance Minister P Chidambaram: Nirmala Sitharaman
  • Pakistan ready to push nearly 100 Afghan terrorists in Kashmir: Intel reports
  • SWR cancelled seven trains due to landslide
  • WTO reforms must be taken up by all member countries: Piyush Goyal
  • Int'l watchdog urges UN to set up panel to probe human rights violations in Venezuela
  • AAP lawmakers demand Ordinance to allot land for demolished Ravidas Temple; Ruckus in Assembly
  • Haryana govt issues transfer, posting orders of 24 IPS officers
  • India will not accept mediation or interference in its internal matters: Vice-Prez
Business Economy

Shriram Properties, Xander sign Rs 2290 Cr deal for Chennai SEZ

Bengaluru, May 2 (UNI) Shriram Properties and Xander Group, a global
investment firm, have signed a Rs 2290 Crore deal which allows
Xander acquire 100 per cent interest in Shriram’s Gateway SEZ in
Chennai for Rs 1250 Crore with a further commitment of Rs 1040 Crore
towards expansion of the IT SEZ.
According to a release here today the deal involves 1.7 mn sq ft
of occupied and operational SEZ, and a partnership with Shriram
Properties to deliver the under construction 1.9 mn sq ft.
Shriram Gateway, is a 58-acre integrated township project
including office space, a shopping mall and residential apartments.
Shriram will continue to develop and own the residential and retail
components comprising 2.6 mn sq ft while Xander will have the
ability to develop an additional One mn sq ft of office space.
Commenting on the deal, the Xander Group Senior Partner Tohan
Sikri said that "this acquisition demonstrates our continued
interest in large, well-positioned assets with growth potential
across gateway cities in India, and nicely complements our existing
office portfolio."
More News

WTO reforms must be taken up by all member countries: Piyush Goyal

22 Aug 2019 | 6:30 PM

New Delhi, Aug 22 (UNI) Union Commerce and Industry Minister Piyush Goyal said on Thursday that the time has come to take on the policies of protectionism and unilateral measures by some developed countries that are having an adverse effect on global free trade and if this continues there will be recession in the world and no country will escape it.

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Sensex tanks by 587 44 pts in single day on brisk sell-off amidst weaker global cues

22 Aug 2019 | 6:03 PM

Mumbai, Aug 22 (UNI) Extending the losing streak for the third day in a row on Thursday, the BSE Sensex tumbled by 587.

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Digit Insurance forays into Bancassurance with Karur Vysya Bank

22 Aug 2019 | 6:01 PM

Bengaluru, Aug 22 (UNI) Digit Insurance, one of the fastest-growing general insurance companies in the world, that is on a mission to make insurance simple, today announced its ‘First Bancassurance Tie-up’, with Karur Vysya Bank which has a legacy of 100 plus years with 750 plus branches spread across India.

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OYO Workspaces enters into Hyderabad market

22 Aug 2019 | 5:52 PM

Hyderabad, Aug 22 (UNI) OYO Workspaces, one of India’s fastest growing, multi-brand managed workspaces solutions provider is expanding its footprint in India and has forayed into the Hyderabad market with its ‘new Innov8 centre’ launched here on Thursday.

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Kottayam-Kochi Rubber Market Rates

22 Aug 2019 | 5:05 PM

Kottayam, Aug 22(UNI) Following were the Rubber Market ratesannounced by the Rubber Board here today per quintalKOTTAYAMRSS FOUR Rs 14100RSS FIVE Rs 13700ISNR TWENTY: Rs.

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