MUMBAI: US private equity firm Kohlberg Kravis Roberts & Co has made its entry in the country’s real estate sector by finalising investments of Rs 750 crore in two property projects. KKR has struck a structured debt transaction for Rs 400 crore for the Bhartiya Group’s integrated township project in Bangalore, two people with direct knowledge of the transactions said. It also agreed to provide a Rs 350 crore structured loan to the Wadhwa Group’s luxury home project in west central Mumbai, they said. The group will use the money to repay other lenders of the project, where the cost of apartments ranges from Rs 1.5 crore to Rs 10 […]

PUNE: The Pune Municipal Corporation (PMC) on Saturday demolished illegal constructions spread over 4,000 sq ft in Warje. Civic officials said these included residential and commercial establishments. The premises in the side and front margins were occupied without permission from the civic administration. In February, the civic administration had acted against encroachments in Ambegaon, Bavdhan and Yerawada. Illegal constructions over 1,432 sq ft, 9,000 sq ft and 4,632 sq ft, receptively were demolished in the drive. The civic body has acted against over 3,300 illegal constructions in the last year. As part of the drive, illegal sheds and houses built in concrete on an area of 22 lakh sq ft […]

PUNE: Across the city, the rush to pay the annual property tax in advance and avail the discount has swelled the Pune Municipal Corporation coffers. Over 4.50 lakh property owners, who paid the tax before May 31 and availed of the 10% discount, helped the civic body collect Rs 400 crore in two months. “More than 50% of property owners paid the tax in the first two months of the new financial year. The good response to the scheme is due to the awareness programmes the administration undertook. The efforts to provide bills at the doorstep of residents helped boost collection. A maximum number of bills were sent to the […]

Mumbai: Brookfield Asset Management Inc., a Canadian asset management company that manages investments worth $181 billion, is set to acquire all of Unitech Corporate Parks Plc (UCP), a London Stock Exchange-listed, India-focused real estate investment firm, paying `3,000 crore. A definitive agreement to this end is likely to be signed this week in London, said four persons directly involved in the deal. None of them wanted to be named. “We do not comment on market speculation,” said Brookfield Asset Management in an email response. Routhu Nagaraju, executive vice-President at Unitech Ltd, said, “UCP has announced that it will sell six projects and the process has not seen anything adverse. It […]

NEW DELHI: Realty firm Logix group plans to raise Rs 250 crore from foreign investors for the development of its ongoing mixed-use commercial project in Noida. The company is developing this commercial project at an investment of Rs 1,000 crore and is looking to raise FDI to complete this project. The 6-acre project ‘Noida City Center’ includes a 7 lakh sq ft shopping mall, 2.5 lakh sq ft office towers, two hotels with combined 400 rooms and 100 service apartments. “Total project cost of this commercial project is Rs 1,000 crore,” Logix group CMD Shakti Nath said. The investments are largely met through internal accruals, he said, adding that the […]

NEW DELHI: Unitech Corporate Parks, a Unitech group firm listed in London, has received bids of up to Rs 2,700 crore from six companies, including Blackstone, for sale of its IT Special economic Zone (SEZ) in Gurgaon. Listed on London’s Alternative Investment Market and set up to invest in commercial real estate of India, UCP has 60 per cent stake in the Gurgaon SEZ comprising 3.6 million sq ft commercial space. Unitech has remaining stake in the SEZ. UCP has given the mandate to property consultant Jones Lang LaSalle India to find out potential buyers. According to sources, UCP, which has put the Gurgaon SEZ on the block, has received […]

MUNICH, Germany – HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced the opening of its first Experience Store in Europe....

You heard it here first: in 2018, HARMAN received a record-breaking 53 product design and technology awards, bringing our six-year-total to more than 300 awards for 190 different products.   This unprecedented number is a direct reflection of our...

HARMAN charmed scores of musicians and audiophiles at the start of the new decade with yet another successful appearance at events like NAMM and CES 2020. From all-star meet and greets to the debut of HARMAN’s Professional Solutions latest and greatest...

From accurate sound to breakthrough technologies, JBL has a history of transporting superior audio experiences to fans across the globe; and its headphones are no exception. The team’s unwavering commitment to delivering unmatched experiences and unique...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced the AKG Lyra ultra-HD, multi-mode USB microphone will be making its 2020 tradeshow season debut at the 2020 NAMM show in...

Sensuous and unique, the smooth white structures of the John F. Kennedy Center for the Performing Arts new, 21st century The REACH complex promises a different sort of experience than its more formal neighbor. Featuring innovative indoor and outdoor...

All around the world, parents, students and professionals alike are adjusting to a new reality that involves strict quarantine, social distancing and work from home measures. Without a doubt, the COVID-19 pandemic has changed the way people lead their...

STAMFORD, CT – May 5, 2016 – Today, HARMAN International Industries, Incorporated (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, announced it will showcase the industry’s first  developer-ready ...

HARMAN Hacks TechCrunch Disrupt NY As one of the year’s premier tech events, TechCrunch Disrupt NY continues to attract the industry’s top innovators, startups and developers – this year was no exception. Today, developers can personalize everything...

STAMFORD, CT – September 14, 2016 –HARMAN International Industries, Incorporated (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, announced it will showcase additional sensor functionality for the...

Can we write any number as the sum of three cubes? It’s a puzzle that has perplexed mathematicians for centuries. Now we have finally have an answer for 42

The cartoonist and engineer talks time travel paradoxes, absurd interviews with astronauts, and how strange science can fix everyday problems

Weird liquid knots can self-assemble into crystals that are tough to untie, which could make for screens that use less energy to store and display information

When lead is quickly brought to extremely high pressures using 160 laser beams, it suddenly becomes 250 times stronger – and then it explodes

The defining feature of a crystal is that it is made from regular, repeating blocks, but a chance discovery in an old German book has turned that view on its head

Even a total vacuum is full of strange quantum fluctuations, which have now been caught making heat leap across empty space for the first time

Physicists are finally getting their heads round what information truly is – and using it to gain new insights into life, the universe and, well… everything

Graphene particles that seed ice formation in water only need to be 8 square nanometres to kick-start the freezing process – any smaller and they can stop ice forming

Hundreds of protesters gathered in front of a Georgia courthouse on Friday to decry the killing of an unarmed black man in February and the delay in charging two white men in a shooting captured on video that was released earlier this week. This report produced by Jillian Kitchener.

Stone by stone, digital artists and game developers from Mosul are rebuilding Nineveh's heritage sites in the digital world. Francis Maguire reports.

Artist Ryu Jong-dae experiments with various cornstarch-based bioplastic in the bid to protect the Earth. Rosanna Philpott reports.

CBS News anchor Walter Cronkite hosted a special broadcast on the very first Earth Day on April 22, 1970 to report on the nationwide protests that took place that day.

Sorry. A short dip in carbon emissions won’t save the planet after all. Things may even get worse, say the experts.

A recording studio in Virginia offers musicians battling cancer a chance to leave behind a musical legacy for their friends and family. Rough Cut (no reporter narration).

A Reuters examination has found that widespread crop damage covering millions of acres of Midwestern farmland has its roots in weak regulatory oversight and corporate secrecy.

The race among start ups to win the self driving car billions is heating up and the field is crowded with 75 of them in Silicon Valley alone and more than 240 around the world.

Olivia Colman and Helen Mirren have teamed up with the creators of Wallace & Gromit in a film called Turtle Journey to raise awareness about climate change and ocean pollution

Since the discovery of Asgard archaea in 2015, evidence has mounted that these peculiar single-celled organisms could be the source of all complex life – including us

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Modifying bacteria found in the guts of bees could help protect the insects against lethal infections affecting hives worldwide

Puzzling, slow-living microbes named after Loki, the trickster of Norse mythology, are helping solve one of evolution's biggest mysteries: the origin of complex life

Mudskippers are known for their unusual ability to climb trees, but now they have been spotted hopping across water. They are thought to be a living example of how fish transitioned to land

Amber from the Cretaceous period trapped a leaf-footed bug with extremely long and wide antennae, which may have helped disguise the insect or confuse predators

As the world gets warmer, animals whose sex is determined by temperature are finding cool ways to control their own fate. But can they adapt in time?

Some bacteria sacrifice themselves when their colony is attacked by rivals, to save their relatives and make sure their shared genes are passed on

Finding out how flight evolved or animals moved onto land is all about a collision of palaeontology and genetics, argue two new books

A shrimp-like creature found 6 kilometres down in the Pacific Ocean’s deepest trench has been named Eurythenes plasticus after the microplastics found in its gut

Ethereal photos of life’s building blocks, Earth’s toughest creature and a close-up of a gem win Olympus Global Image of the Year Life Science Light Microscopy Award regional prizes

For orangutans, scratching is contagious – but unexpectedly, the behaviour is transmitted more between individuals that do not know each other well

U.S. money market fund assets increased by $72.69 billion to $4.652 trillion in the week ended April 28, the Money Fund Report said on Wednesday.

U.S. money market fund assets increased by $37.80 billion to $4.690 trillion in the week ended May 5, the Money Fund Report said on Wednesday.

The planet’s largest areas of undisturbed wilderness in Siberia and tropical rainforests are under threat from huge waves of development. Here’s what it looks like

Radar surveys have revealed a crater left when a kilometre-wide asteroid hit Greenland – and the impact could explain a climate mystery