CHENNAI PRESS NEWS

Chennai, 1 st May 2020: Confederation of Real Estate Developers' Associations of India (CREDAI) recently announced Mr. Padam Dugar , as the president of CREDAI, Chennai for next two year (April 2020 to March 2022). Mr. Dugar, took over the charge from April 1, 2020 from Mr. W.S.Habib to become the new president of the CREDAI Chennai. Speaking on this announcement Mr. Padam Dugar said, “It gives me immense joy in being bestowed with a chance to lead the body at this level. With this being said, we at CREDAI are extremely eager and honored to work closely with the Government to achieve in the goal of providing HOUSING FOR ALL. CREDAI as a body is working in the interest of the home buyers, we would be focusing on customers delight in buying their dream home and put forward all the hurdles and easing of costs with the Government to ensure our “customers’ requests are achieved.” Further adding to this, Mr. Dugar said, “The foremost priorities of the committee this year wo...

April, 2020: The Board of Directors of air conditioning and commercial refrigeration major Blue Star Limited, in its meeting held today, April 30, 2020, has approved issuance of Non-Convertible Debentures (NCD) up to Rs 500 crore through private placement on such terms and conditions to be agreed with the eligible investors. Based on this approval, the Company intends to issue NCD amounting to Rs 300 crore in the near term to primarily finance working capital and capital expenditure subject to the terms of the issue. Mr Vir S Advani, Vice Chairman & Managing Director adds, “We have always met our working capital as well as capital expenditure requirements by and large through internal accruals. The current National Lockdown, especially during the peak summer season, has impacted our cash flowand consequently the working capital cycle is likely to get lengthened. We have just resumed production partially in our Wada and Dadra plants and the other operations are set to resume...