Emami Ltd, one of the fastest growing FMCG Company in India, is presently in the process of exiting from the real estate business by selling 100% stake of its wholly-owned subsidiary, Emami Realty Ltd.
A top company official stated that Emami is currently in talks with other parties for selling the stake of the company in the realty firm.
According to them, it could be one of the various group companies of Emami to buy out the stake, or any other entity outside the group.
Unitech, country's second largest real estate firm has informed that it has decided to divest 26% to 45% stake in its telecom venture to a strategic partner, within a month.
Presently, the company is scouting for a strategic partner who can help it, to build the telecom business.
Unitech is among the few companies, which had recently bagged telecom licences along with Swan, Datacom and Shyam Telelink. The company has secured licences for 22 circles and spectrum in 13 circles.
Hurt by the recession fears, Parsvnath Developers, one of the leading real estate company has revealed that it would sack under-performing employees as part of its cost cutting measures that would begin in the next 15-20 days.
The company however, did not specify the number of people who will be retrenched. The company currently employs 1,400 people and about 30,000 people are indirectly employed.
Pune-headquartered DS Kulkarni Developers has notified that the board of directors of the company at its meeting has decided to pick 51% stake in DSK Global Education & Research.
With the acquisition of shares, DSK Global Education & Research will become a subsidiary of the company.
D.S. Kulkarni Developers Limited engages in the civil construction and real estate development primarily in India. It operates principally in Pune and Mumbai cities of Maharashtra state.
Washington - US sales of existing homes climbed 5.5 per cent in September to the highest level in a year as ongoing price declines have apparently begun peaking the interest of buyers, according to new data released Friday.
The National Association of Realtors (NAR) said home resales stood at 5.18 million in September, up from 4.91 million in August and 5.11 million a year earlier. The average price of homes dropped 9 per cent from September 2007.
Real estate developer—CHD Developers has formally announced the launch of its much anticipated project, the Silver County, an integral part of CHD Developers’ Rs 1000 crore mega project, CHD City at Karnal.
According to the company, Silver County will feature 200 expandable stand-alone villas with excellent facilities and amazing conveniences to be constructed with an investment outlay of Rs 75 crore.
Emami Ltd, one of the fastest growing FMCG Company in India, is presently in the process of exiting from the real estate business by selling 100% stake of its wholly-owned subsidiary, Emami Realty Ltd. 
Unitech, country's second largest real estate firm has informed that it has decided to divest 26% to 45% stake in its telecom venture to a strategic partner, within a month.
Hurt by the recession fears, Parsvnath Developers, one of the leading real estate company has revealed that it would sack under-performing employees as part of its cost cutting measures that would begin in the next 15-20 days. 
Pune-headquartered DS Kulkarni Developers has notified that the board of directors of the company at its meeting has decided to pick 51% stake in DSK Global Education & Research.
Washington - US sales of existing homes climbed 5.5 per cent in September to the highest level in a year as ongoing price declines have apparently begun peaking the interest of buyers, according to new data released Friday.
Real estate developer—CHD Developers has formally announced the launch of its much anticipated project, the Silver County, an integral part of CHD Developers’ Rs 1000 crore mega project, CHD City at Karnal.
