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Puravankara's real estate scheme not a CIS: Sebi

Last Updated: Tuesday, June 03, 2014, 14:56

A commercial real estate scheme floated by Puravankara Projects does not fall under the collective investment scheme (CIS) category as there was no pooling of funds involved offering any assured returns.

Unitech posts Rs 51.55 cr loss in Q4; sales up 22%

Last Updated: Wednesday, May 28, 2014, 22:52

Realty firm Unitech on Wednesday reported Rs 51.55 crore consolidated loss for the quarter ended March, dragged down by the provision to write off Rs 103.02 crore investment in its erstwhile telecom business.