News: Unitech Ltd (UNTE.NS)
21 Nov 2014
Thu, Oct 30 2014
Reuters Market Eye - Unitech up 2.2 percent, DLF gains 3.3 percent while Sobha Developers advances 5.9 percent.
* Unitech up 0.8 percent, DLF gains 0.9 percent while Sobha Developers advances 2.7 percent. * Hindustan Construction Company gains 2.7 percent while NCC is up 1.1 percent. * India relaxes rules for foreign investment in construction. * Move seen providing funding to companies to cut debt, fast track projects. (email@example.com / firstname.lastname@example.org)
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Chris Peters in Bangalore)
NEW DELHI - Foreign private equity funds and pension funds are among investors that over the last 12 months have committed to invest more than $1 billion to buy or build commercial property in India as the government works to finalise rules governing real estate investment trusts (REITs).
Reuters Market Eye - Unitech Ltd shares fall as much as 4.8 percent after posting a wider-than-expected 515.5-million-rupee($8.76 million) loss in the January-March quarter.
* Shares in India's Unitech Ltd fall as much as 4.8 percent after posting a wider-than-expected 515.5-million-rupee($8.76 million) loss in the January-March quarter. * Unitech shares have more than doubled since the end of February on expectations policy reforms from the new Modi government would lead to a rally in the sector. * "As the stock has ran up sharply, we advice clients to encash existing positions," said an analyst with a domestic brokerage. * Shares in Unitech were down 4.3 percen