BENGALURU: WeWork Inc on Thursday said it turned a core profit in December for the first time since it went public, helped by cost cuts. The office-sharing firm, which went public in 2021, said for the “first time in WeWork’s history”, the company achieved an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) profitability […]
GURUGRAM: Kanika Roy, an IT professional, was excited when she booked her dream home in Ansal Esencia project in Sector 67 in 2012. But even after 11 years, the Roys have not been able to shift to their apartment despite getting the possession in September 2020. The reason — no new power connection in the […]
The Noida International Airport Limited (NIAL) on Thursday sent a proposal to the state government to acquire 2,050 hectares from 13 villages for the third and fourth phases of the international greenfield airport in Jewar, officials said. The move comes a day after the government increased the area of land required to rehabilitate farmers displaced […]
The department of town and country planning on Thursday issued directions to Chintels India Limited to get towers E and F of the condominium in Sector 109 evacuated at the earliest, as both structures have been declared unsafe for habitation in the structural audit report submitted by Indian Institute of Technolgy (IIT), Delhi, in January. […]
BENGALURU: Asset manager Brookfield Corp’s subsidiary is defaulting on loans related to two buildings in Los Angeles, California, a regulatory filing with the U.S. Securities and Exchange Commission showed on Tuesday. The value of commercial office real estate has dropped since the pandemic as companies shift towards remote work, leading to heavy vacancies at full-scale […]
NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has raised a term loan of Rs 1,000 crore from Bajaj Housing Finance, a subsidiary of Bajaj Finance, the company said in a BSE filing. The company will use the proceeds of this debt raise primarily to repay existing construction debt and for general corporate purposes. With […]
Safdarjung Hospital on Wednesday inaugurated a dedicated haemodialysis unit, which will be the first central government facility in the national capital to be equipped with online hemodiafiltration (HDF) machines, considered a better technique of dialysis. Dr Himanshu Verma, head of the department of nephrology, said that the new haemodialysis unit was running on pilot for […]
The Union environment ministry will consider granting retrospective forest clearance approvals to hundreds of approach roads in Haryana that involved the clearance of trees and so-called strip plantations and which the state government cleared despite these not meeting the requisite criteria. In a letter written in early February, the ministry has asked the Haryana government […]
MUMBAI: India will continue to be Blackstone Inc’s biggest market in Asia and the private equity giant may consider infrastructure investments there in the future, a top company executive said on Tuesday. The U.S-based firm, which manages nearly a trillion dollars in assets globally, said India is one of its best-performing markets. It is bullish […]
GURUGRAM: Two more towers in the Chintels Paradiso society, where two persons died last year after its Tower D partially collapsed, have been declared unsafe, officials said on Tuesday citing a structural audit report by IIT-Delhi. Towers E and F of the society in Sector 109 are not fit for habitation, Additional Deputy Commissioner (ADC) […]
The structural audit reports of towers E and F of Chintels Paradiso condominium, prepared by IIT-Delhi, have deemed the towers structurally unsafe, the district administration said on Tuesday, adding that residents in both towers will have to vacate their homes and they will be rehabilitated as per rules. Addressing a press conference on Tuesday, additional […]
The Greater Noida authority is developing eight sectors to be set up as industrial units as part of various developmental agreements signed at the global investors’ summit, officials said on Monday, adding that the body has expedited the land acquisition process in this regard. The Uttar Pradesh government organised a global investors’ summit from February […]
