In Splits

01 Aug 2014 CW Team

The Rs 20,600-crore Indiabulls group, which was recently in the news for purchasing a 87,444-sq ft property from Scottish Widows Investment in London, has split its empire. Now, Sameer Gehlaut, Chairman, Indiabulls will control and manage the group麓s flagship companies such as Indiabulls Housing Finance, Indiabulls Real Estate, Indiabulls Securities and Indiabulls Wholesale Services. The other promoters, Rajiv Rattan and Saurabh Mittal will control Indiabulls Power Ltd (IPL) and Indiabulls Infrastructure and Power Ltd (IIPL). However, they will be unable to use the Indiabulls brand name after December 31 this year. Gehlaut had earlier resigned as the chairman and director of IPL and IIPL. He will sell Rs 800 crore worth of shares in Indiabulls Power to Rattan and Mittal. In the group麓s total market capitalisation of Rs 20,600 crore, Indiabulls Housing Finance, Indiabulls Real Estate and Indiabulls Power account for Rs 11,902 crore, Rs 3,541 crore and Rs 3,470 crore, respectively. Now, all eyes are on what麓s next for Indiabulls after this break!

Products

19 May 2025

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..

Real Estate

19 May 2025

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Infrastructure Urban

19 May 2025

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India鈥檚 most significant scientific institutions and highlights the nation鈥檚 long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..