Representative image NEW DELHI: Co-working firm EFC (1) Ltd has clocked a nearly 5-fold jump in its consolidated net profit to Rs 15.77 crore in the June 2024 quarter on higher income. Its net profit stood at Rs 3.17 crore in the year-ago period. Total income rose to Rs 105.28 crore in the April-June quarter …
EFC (I) net profit jumps to Rs 16 crore in Q1 FY25, , – Homevior Read More »
File photo BENGALURU: Arming itself with more teeth to tackle delinquents, Bruhat Bengaluru Mahanagara Palike (BBMP) is now empowered to attach the bank accounts of property tax defaulters as part of its arrears-recovery process. A notification to this effect was issued on Monday as part of the BBMP (property tax assessment, recovery and management) Rules-2024. …
Bengaluru civic body to attach bank accounts of property tax defaulters, – Homevior Read More »
NEW DELHI: The Enforcement Directorate has initiated the process of restitution of flats worth more than Rs 20 crore to homebuyers of a Gurugram realty project who were allegedly cheated by the builder company, official sources said Wednesday. The case pertains to flats constructed by the SRS Group as part of projects like SRS Pearl, …
ED restitutes 78 flats to buyers of SRS Group’s Pearl, City & Prime projects, – Homevior Read More »
Representative Image LONDON: Private equity giant Blackstone announced on Tuesday it had sold 3,000 shared-ownership homes to Britain’s biggest private pension fund, in a sign of growing dealmaking by big money managers in the UK housing sector. Blackstone sold the portfolio to academia pension fund, the Universities Superannuation Scheme (USS), which manages more than 75 …
Blackstone sells 3,000 homes to Britain’s Universities Superannuation Scheme, – Homevior Read More »
NEW DELHI: NBCC (India) has reported a growth of 38.47 per cent in its net consolidated profit during the quarter ended June 30, 2024. It had registered profit after tax of Rs 107.19 crore in Q1 FY25 as against Rs 77.41 crore it recorded in the corresponding quarter of the previous fiscal, the company said …
NBCC (India)’s net profit up 38.47% in Q1 FY25, , – Homevior Read More »
Representative image PUDUCHERRY: Chief Minister N Rangasamy announced in the assembly on Tuesday that the subsidy given to beneficiaries of the Kamaraj Housing scheme has been hiked to Rs 5 lakh. While wrapping up the debate on the demands for grants to departments looked after by him, he said that the beneficiaries would also get …
Puducherry CM hikes subsidy given to Kamaraj Housing scheme beneficiaries, – Homevior Read More »
File photo NEW DELHI: The Municipal Corporation of Delhi (MCD) on Tuesday informed the Delhi High Court that it will not demolish any illegal structures in northwest Delhi’s Bhalswa Dairy colony till August 16, when the court is scheduled to take up a related matter. The statement was made by the MCD’s counsel when a …
MUMBAI: The Reserve Bank of India on Monday imposed penalties on five entities, including CSB Bank, Union Bank of India and Muthoot Housing Finance for contravention of various regulatory norms. A penalty of Rs 1.86 crore has been imposed on CSB Bank for non-compliance with certain directions issued by the RBI on ‘Guidelines on Managing …
RBI penalises Muthoot Housing Finance, Nido Home Finance, others, – Homevior Read More »
MUMBAI: The Reserve Bank on Monday said non-banking financial companies (NBFCs) will pay 100 per cent of deposit amount within the first three months of accepting the fund, if the depositor seeks an withdrawal citing an emergency. In its review of regulations governing NBFCs, the central bank said no interest will be paid for such …
RBI reviews regulations applicable to housing finance companies, – Homevior Read More »
Max Estates, the property arm of the MaxGroup, has received approval from the Noida authority to overtake a commercial project in sector 16B Noida, by clearing Rs 613 crore dues of the authority. In February 2023, the National Company Law Tribunal (NCLT) approved the resolution plan of Max for the development of a commercial plot …
