Company Overview and News
Unitech says that it has repaid `264 crore out of the `300 crore loan and the remaining would be paid shortly
Commenting on Sun Pharma’s results, Amar Ambani, Head of Research, IIFL, said, “Sun Pharma Q3 revenues rose 3.6% qoq, +2.2% yoy and were ahead of estimates. Margin at 30.6% came in much better than expectation on lower staff and other expenses; gross margins, however, declined 200bps qoq. Reported PAT beat estimate even as tax payout declined qoq and higher other income aided Q3 profit.”
The stock tanked 10.51 percent to Rs 3.66 on BSE. At NSE, shares of the company dived 12.19 percent to Rs 3.60...
Shares of realty firm Unitech today plunged by more than 12 per cent after the company
Net sales of Unitech fell 42.17 per cent year-on-year to Rs 408.75 crore in October-December 2015 against Rs 706.81 crore in the same quarter last year.
It is committed to delivering the ongoing projects and has raised sufficient resources to complete them, it said
Real estate major Unitech Ltd top bosses, facing charges of alleged cheating, on Tuesday walked out of Tihar Jail here after spending a night in prison despite succeeding to get an interim bail on Monday.
Company said it is delivering over 300 units a month and expect to increase the pace further substantially
The Unitech case has jolted real estate developers on the need to speed up delivery of office and residential property after the company’s directors spent a night in jail on the orders of a court before they obtained bail.
Real estate major Unitech Ltd top bosses, facing charges of alleged cheating, today walked out of Tihar Jail here after spending a night in prison despite succeeding to get an interim bail yesterday.
Unitech shares were trading 4.67 per cent down at Rs 6.33 (9.37 am) after a Delhi court on Monday sent Unitech Ltd chairman and its two managing directors to 14-day judicial custody in alleged cheating cases filed by two investors.
At 10.38 am, Sensex was down 114 points at 24,710.93. US crude tumbled below $31 a barrel on Tuesday, extending a sell-off that has sent the commodity to more than 12-year lows.
The relief came after they moved the District Judge against the order of the Additional Chief Metropolitan Magistrate Gaurav Rao who had refused them bail and ordered their judicial custody for 14 days...
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