Sensex 29681.77 122.59 0.41%
Nifty 8952.35 38.05 0.43%
DLF Ltd is planning to launch projects on 8.5 million sq ft in Gurgaon by March. according to reports.
Galaxy Mercantile (GML) is a joint venture company of DLF Home Developers (DHDL), a wholly owned subsidiary of DLF, has received the first tranche of infusion of capital from IDFC as part of a process for IDFC to acquire 100% stake in the joint venture company, according to reports.
DLF reported that an amount of Rs 2bn has been received by the joint venture partners including DHDL, with the balance to be received from IDFC linked to leasing milestones.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.