DLF launches its LCL service

DHL has declared the launch of the new direct ‘Less than Container Load’ (LCL) service, which will be facilitated from Nhava Sheva in India to Los Angeles. DLF is the leading global logistics handler of the country. Moreover, US is the second largest export partner of India. It is the third largest import partner of the nation as well.

DHL’s in-house carrier, Danmar Lines will be operating this new service, which plans to enable and make easy the trade between India and USA. It will also offer dependable and pocket friendly services to its customers.

According to DLF officials the transit time has been reduced to 26 days between Nhava Sheva and Los Angeles.

The debut of this direct LCL route is further expected to help make foreign trade between the India and USA easier, thereby aiding in meeting the ever increasing demands of small and medium enterprises.

Long Term Buy Call For Unitech

Technical Analyst Sharad Avasthi of SKP Securities has maintained 'hold' rating on Unitech Ltd stock to achieve an intraday target of Rs 100.

CGT changes hitting the majority

According to the experts, approximately out of 1 million buy-to-let investors and 250,000 second home owners shall be coming under the queue for CGT at the higher rate of 28 per cent, making them liable to pay the same even if they come under the basic rate taxpayer’s slab.

In the announcement made by George Osborne, the CGT shall ground at 18 per cent for the one, falling under the slab of basic rate taxpayers and inclining to 28 per cent for the higher-rate taxpayers. Further, he announced that the tax-free porch shall remain at £10,100 after the substantial pressure from the Conservative backbenchers.

However the changes are being embraced by many as they are less sharp as it was expected and partly defended the long-term shareholders. While on the other hand, the accountants have swayed the alarms regarding the basic-rate taxpayers which could be mislead and contradicted by Mr. Osborne's statement during the Budget.

Sales of new home go down by 32.7 percent

The U. S. Commerce Department has that said that sales of new single-family homes fell sharply in May compared to April.

Homeowners asked to stay indoors due to ammonia leak

Officials have said that Fire department personnel responding to an ammonia leak near Rochester, N. Y., told local homeowners to close windows and doors and stay indoors.

Home prices show slight improvement

It has been reported that the monthly S&P/Case-Shiller Home Price Indiexes showed U. S. home prices rose in April over March, but still show modest improvements from a year ago.

Sell Indiabulls Real Estate With Target Of Rs 145

Stock market analyst Hitesh Chotalia has maintained 'sell' rating on Indiabulls Real Estate Ltd stock with target of Rs 145.

According to analyst, the investors can sell the stock with stop loss of Rs 157.

Today, the stock opened at Rs 152 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 298.10 and a low of Rs 143 on BSE.

Indiabulls Real Estate Ltd has declared that, upon exercise of stock options, vested in terms of Indiabulls Real Estate Ltd ESOS 2008 (II), by certain entitled employees, and upon receipt of full consideration therefore, the company's directors at its meeting on June 17, 2010, has apportioned an aggregate of 1,04,500 equity shares of face value Rs 2/- each to such employees.

With a pan-India presence, Indiabulls Real Estate Ltd has joined hands with Farallon Capital Management LLC of USA to take the first FDI into property.