Unitech plans to sell 6 land parcels to tide over crisis

2017-10-18 livemint
Bengaluru/New Delhi: Realty firm Unitech Ltd needs to make arrangements for repayments to its customers and continue construction of its many delayed projects even as both managing directors Sanjay Chandra and his brother Ajay Chandra remain in custody.
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Mahindra Lifespace, HDFC to jointly invest Rs500 crore in affordable housing projects

2017-10-18 livemint
Bengaluru: Mahindra Lifespace Developers Ltd, the real estate arm of Mahindra Group, has partnered with HDFC Capital Advisors Ltd to jointly invest Rs500 crore over the next three years to develop affordable housing projects across cities.
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US investor community hears strong case for Sri Lanka in New York

2017-10-18 lankabusinessonline
The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE Member Firms, Listed Companies and supported by Asia Securities (Event Sponsor) and the Oxford Business Group (Exclusive Publication Partner) drew a strong interest among the investor community in New York. A Sri Lankan delegation including senior representatives of the CSE, SEC, Stock Broker Firms and Listed Companies attended the Forum to make a collective case on the Sri Lankan capital market as an investment destination.
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Duo World Inc., to Introduce FaceTone Contact Centre Solution for Dialog SME Customers

2017-10-17 marketwired
HENDERSON, NV--(Marketwired - Oct 17, 2017) - Duo World, Inc., (OTC PINK: DUUO) -- Offering a comprehensive and technologically advanced Contact Center Solution for Small and Medium Scale Enterprises (SMEs) has been challenging for any Telecommunication service provider, until now. FaceTone is a new communication and collaboration platform designed to operate Contact Centers and Customer Service Operations efficiently whilst providing better customer experiences.
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Sri Lanka’s CIC buys specialty fertilizer firm for Rs.238Mn

2017-10-17 lankabusinessonline
Oct 17, 2017 (LBO) – Sri Lanka’s CIC Holdings, a subsidiary of CIC Holdings said it acquired a 70 percent stake in  Unipower (Pvt) Limited, a firm that specializes fertilizers.
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Sri Lanka’s LAUGFS Gas celebrates 2 years in Bangladesh

2017-10-16 lankabusinessonline
From Left to right: General Manager-Sales and Marketing - Nazeer Latiff, General Manager- Operations - Dr. Mayura Neththikumarage, Director / Chief Executive Officer - Mohammed Saidul Islam, LAUGFS Holdings Group Chairman - W.K.H. Wegapitiya, Chief Operating Officer - Ranjith Jayawardena, General Manager-Finance - Sujeewa Vidanapathirana
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Redemption of Non-Convertible Debentures of Housing Development Finance Corp. Ltd.

2017-10-16 indiainfoline
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Fitch rates first Sri Lanka Basel III sub debt; Sampath final A(lka)

2017-10-16 lankabusinessonline
Oct 16, 2017 (LBO) – Fitch Ratings has assigned Sampath Bank’s proposed Basel III-compliant subordinated debentures a National Long-Term Rating of ‘A(lka)’.
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Dialog launches South Asia’s First NB-IoT service

2017-10-16 lankabusinessonline
Oct 16, 2017 (LBO) – Sri Lanka’s Dialog Axiata PLC, has launched on it’s 4G network the Narrowband Internet of Things (NB-IoT) enabling seamless connectivity amongst devices using Low Power Wide Area (LPWA) technology.
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The Bond Robbery & Loss Of CB Reputation: Yahapālana Govt. Should Stop Playing Hide & Seek

2017-10-15 colombotelegraph
Immediately after the Treasury bond auction on 27 February 2015, the news of a massive impropriety that had taken place in the auction spread across the market like a wildfire. The news said that the Central Bank had offered to borrow Rs. 1 billion through a 30-year Treasury bond, but ended up in borrowing 10 times of that, amounting to Rs. 10 billion.
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Tribeca Creators partners with HDFC to build affordable homes in Mumbai suburbs

2017-10-11 livemint
Kolkata: Tribeca Creators LLPp, the real estate developer building Trump Towers in India, has formed a partnership with Housing Development Finance Corp. Ltd (HDFC) to build affordable homes in the suburbs of Mumbai.
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