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Business Standard

NBCC, MTNL sign pact for Rs 1,600 cr worth housing-cum-commercial project

State-owned NBCC (India) Ltd has signed an initial pact to develop a Rs 1,600-crore worth housing-cum-commercial project on a 14-acre land parcel owned by MTNL on Pankha Road in the national capital. In a statement on Thursday, NBCC said that it has signed a Memorandum of Understanding (MoU) with Mahanagar Telephone Nigam Ltd (MTNL) to collaborate and "develop a prominent land parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi." This project aims to transform the land into a state-of-the-art residential/ commercial space, leveraging the expertise and resources of both organizations. "The project is valued at Rs 1600 crore approximately," NBCC said. The MoU was signed in the presence of K P Mahadevaswamy, CMD, NBCC, A Robert J. Ravi, CMD, MTNL. MTNL, a leading public sector telecommunications company and NBCC, a Navratna enterprise under the Ministry of Housing & Urban Affairs, have committed to this development project. "NBCC will act as the ...

The Economic Times

Bajaj Housing Finance IPO frenzy enters day 3! Check out top performing HFC stocks with up to 227% returns in a year

The Rs 6,560 crore IPO of Bajaj Housing Finance is receiving strong investor interest. As the stock prepares for its market debut next week, top-performing housing finance stocks over the past year include Hudco with a 227% gain, Mehta Housing Finance up 169%, and Parshwanath Corp nearly tripling investors' wealth.

The Economic Times

RBI imposes penalties on Housing and Urban Development Corporation, 2 others

The Reserve Bank of India has imposed penalties on three entities, including Housing and Urban Development Corporation Ltd, for non-compliance with specific regulatory provisions. Housing and Urban Development Corporation Ltd faces a penalty of Rs 3.5 lakh, while Godrej Housing and Aadhar Housing Finance Ltd have been fined Rs 5 lakh each.

CNBC TV18

HUDCO announces a positive development, chartists see stock rising to ₹330

HUDCO shares have nearly quadrupled over the last 12 months.

Business Line

Stocks that will see action today: August 6, 2024

Buzzing stocks: MTNL, Lupin, RITES, Hudco, Sandhar Tech, Power Mech Projects, New India Assurance, VA Tech Wabag

Business Line

HUDCO Share Price Today Live Updates: HUDCO stock climbs 7%

HUDCO Stock/ Share Price Today Live Updates for July 4, 2024: HUDCO hits 52-week high

Mint

Budget 2024: D-Street experts recommend L&T, Wipro, HAL, among 18 top picks ahead of Modi 3.0's first Union Budget

Budget 2024: The Indian market is surging with record highs, driven by strong investor confidence and economic indicators. Ahead of the Union Budget 2024-2025, experts recommend stocks like Larsen & Toubro, Hindustan Aeronautics, HUDCO, IREDA, BHEL, and Godrej Agrovet.