Casa Grande: New villa project in Coimbatore

The Chennai based Casa Grande announcing the launch of a luxury villa project in the Coimbatore city. It looks at Kovai as a lucrative market and expects to garner a turnover of about Rs. 200 crore over the next 2 years. Mr. M Arun Kumar, MD, Casa Grande said, ''Sta…

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Housing project for elderly in Hyderabad : Pragati, Serene tie up

Pragati Group & Serene Retirement Community,  part of Covai  Property, had announced the launch of  Serene Pragati, a speciality villa project that focuses on elderly care. It is proposed to develop 328 affordable  and  yet luxurious villas about 25  km  from Hyderabad…

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Share Review - Consolidated Construction Consortium

Consolidated Construction Consortium (CCCL) posted a disappointing set of numbers for 3Q FY 2012, as expected. The CCCL reported a decline in revenue, with continued dismal performance at EBITDAM level, which along with interest cost burden led to loss at the earnings fron…

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Income Tax Department : Total deals under the probe lens are 22.52 Crore

In a major crackdown, the Indian Income Tax department has under its scanner above 22 crore instances of High Value transactions in the country and abroad which include unreported credit card operations and deals in real estate. The Income tax department has obtained, throu…

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Coming Soon PF Pass Book

The retirement fund body Employees' Provident Fund Organisation's (EPFO's) trustees are likely to approve this February (2012) month a proposal to provide 'Contribution Card' similar to a bank pass book to its about  5 crore subscribers from April 1, 201…

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Budget 2012: Income Tax Slab Relief Go Up to Rs. 3 lakh..!

The Unoin Budget draft report suggests increasing the income tax exemption limit to Rs. 3 lakh a year against Rs. 2 lakh proposed in the Bill. Tax rates the standing committee is expected to propose are 10% for the slab of Rs 3 lakh to Rs 10 lakh, 20% for up to Rs. 20 lakh…

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Indian Stock exchanges for abolition of STT

The Indian Stock exchanges on recently pitched for abolition of the securities transaction tax (STT) on equity trades at their meeting with finance ministry officials. The issue of removal of STT was raised by representatives of many stock exchanges, including BSE, NSE, MCXS…

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India Per Capita Income may cross Rs. 60,000

India's per capita income is estimated to grow above Rs. 60,000 per annum. According to  Advanced Estimates of National Income released by the Central Statistical Office, “The per capita income at current prices in 2011 - 12 is estimated to be Rs. 60,972 compared with R…

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MSE: Investors Awareness Programme on 18th February 2012

The Investors Awareness and Education Programme to be held on Saturday, the  18th February 2012 at 4.00 PM at the Madras Stock Exchange's Registered Office of the Exchange, Exchange Building, IV Floor, No.30, Second Line Beach, Chennai- 600 001. Mr. B. Krishnakumar, Tech…

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Godrej Properties: Launch first project in Chennai

The Mumbai-based real estate developer, Godrej Properties Ltd. (GPL),  the real estate development arm of the Godrej Group, has announced the launch of its first residential project, Godrej Palm Grove, in Chennai. Spread across 12.5 acres, this premium residential project …

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