SC order on land row drags Aditya Birla realty shares
Financial Express Kolkata|January 09, 2025
THE SHARES OF Aditya Birla Real Estate (formerly known as Century Textiles and Industries) fell 4.57% on Wednesday after the Supreme Court overturned a 2022 ruling by the Bombay High Court, which had favoured the company in a land dispute with the Municipal Corporation of Greater Mumbai (MCGM).
RAGHAVENDRA KAMATH

The dispute pertains to 6.31 acres of land in Worli. The land was leased by the Improvement Trust Transfer Board (now MCGM) for the welfare of workers. As per the company, after the expiry of the 28-year period of lease, the said land was to be under the ownership of Century Textiles and Industries (CTIL), as the firm had paid the full cost of the scheme (including the cost of land) and had constructed the accommodation for poorer classes at its cost.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS KOLKATAView all
Financial Express Kolkata

Zee Q3 profit jumps 180%; revenue falls

ZEE ENTERTAINMENT reported a 179.7% year-on-year rise in its consolidated net profit at ₹163.6 crore for the third quarter of the financial year 2024-25 (Q3FY25).

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

Meta's revised paid ad-free service may breach EU privacy regulations

META PLATFORMS' REVISED no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

Grade A warehousing mkt to hit 700 mn sq ft

THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

CCPA Notices to Ola, Uber Over Price Disparity Complaints

The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

Call Grows for Action on AI, Reforms

LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

UltraTech Cement Q3 profit at ₹1,473.51 cr; stock surges 7%

ADITYA BIRLA GROUP firm UltraTech Cement on Thursday reported a consolidated net profit of ₹1,473.51 crore for the third quarter ended December 31, 2024.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

West Asia and North Africa Top Market for Engineering Exports

WEST ASIA AND North Africa (WANA) emerged as the biggest buyer of engineering products from India for the first time ever in December, pushing North America to the second slot, the commerce ministry data showed.

time-read
1 min  |
January 24, 2025
Financial Express Kolkata

In Dalit colonies, AAP schemes outrank Constitution issues

THE OPEN DRAIN outside the chaupal at Nai Basti, a Dalit-dominated colony in South Delhi's Deoli, is overflowing.

time-read
2 mins  |
January 24, 2025
Financial Express Kolkata

Musk, Altman spar over $100-bn AI venture hyped by Prez Trump

TESLA CEO QUESTIONS FUNDING NEED, WHILE OPENAI BOSS DEFENDS PROJECT

time-read
2 mins  |
January 24, 2025
Financial Express Kolkata

Infra.Market Raises $126 Million

CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.

time-read
1 min  |
January 24, 2025