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Securities Appellate Tribunal upholds $7.5 billion refund order against PACL

Last Updated: Tuesday, August 18, 2015, 12:24

In its order, SEBI said PACL was selling fixed-return investment products disguised as land-for-fund schemes. It told the firm to return 491 billion rupees ($7.52 billion) it raised from 58.5 million customers.

HDIL eyes Rs 750 crore from sale of non-core assets

Last Updated: Monday, March 23, 2015, 16:51

To reduce its debt by nearly 25 percent, Mumbai-based property developer HDIL hopes to monetise all its non-core assets in coming fiscal and expects to garner around Rs 750 crore which will be utilised for paring debt, a top company official said.