Mumbai, February 29: The Bombay Stock Exchange benchmark Sensex fell by 189 points in early trade on Friday as funds and general investors reduced their holdings ahead of the Budget 2008-09.
Indiabulls Real Estate (IBREL) has decided to buy majority stake in the London-listed property fund Dev Property Developers (DPD) to gain majority control over two of its valued properties in Mumbai.
IBREL has acquired more than 90% in Dev for about Rs 1,100 crore. The stake has been purchased from the three major shareowners of Dev Property, which includes Fidelity, Government of Singapore and HSBC.
New Delhi, Feb 28 : Union Finance Minister P Chidambaram will on Friday unveil the much-awaited General Budget for the next fiscal.
After a widely accepted Rail Budget, it is likely that the Finance Minister will come out with a please-all budget.
Political analysts believe that as this would be the last full budget of the United Progressive Alliance (UPA) Government, Chidambaram can give relief to almost all section and segment of the society.