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Flutter Entertainment Invests $3.5 Million in Hyderabad GCC
Rs17.50 bn Tato-I Hydro Project Approved to Boost Arunachal's Power
The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, approved a Rs 17.50 billion investment for the Tato-I Hydro Electric Project (HEP) in Arunachal Pradesh's Shi Yomi district. As per an official release, the project is expected to be completed within 50 months. It will have an installed capacity of 186 MW (3 x 62 MW) and is anticipated to produce 802 Million Units (MU) of energy annually. The generated power is aimed at enhancing the electricity supply in Arunachal Pradesh and contributing to the stabilization of the national grid. The project will be executed th..
Noida Authority lodges EOW complaint against Logix Developers
The Noida Authority has lodged a complaint with the Economic Offences Wing (EOW) of the Delhi Police against the promoters of Logix City Developers. The complaint pertains to unpaid dues and delays in delivering units at the Blossom Zest housing project in Sector 143, Noida. The developer was allotted a one-lakh-square-meter group housing plot on April 8, 2011, and the lease deed was formalised on June 14, 2011. The Authority has accused the promoters, including Devendra Mohan Saxena, Shakti Nath, Vikram Nath, and Meena Nath, of creating third-party rights and misappropriating funds collecte..
State Street leases Brookfield office tower in Mumbai for GCC setup
Global financial services and investment management firm State Street Corporation has leased an entire commercial office tower near Mumbai’s Bandra-Kurla Complex (BKC) from Brookfield Properties for a long-term tenure of around 10 years, according to sources familiar with the matter. The company will pay a total rental of over Rs 3.50 billion for the office space, which spans approximately 250,000 sq ft, over the course of the lease. State Street, based in Boston, has taken the lease for the ground-plus-six-storey tower, part of the 10-acre Equinox Business Park complex, to establish its g..
