Newsmakers: Reliance Jio soft launch, LIC to auction Unitech's land and more - Photos-1
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Newsmakers: Reliance Jio soft launch, LIC to auction Unitech's land and more

Key business news events for the day
LIC to auction Unitech's Noida land to recover dues
Insurance firm LIC will next month auction Unitech's 14 lakh sq meter plot of land in Noida if the real estate company does not repay the entire dues of Rs 184 crore before that date. Unitech had borrowed money from LIC by mortgaging the plot but with the real estate company defaulting on repayments, Life Insurance Corporation of India (LIC) issued an e-auction notice for sale of the plot on May 6 at a reserve price of Rs 2,660.56 crore.
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