2022-10-22
The overall investment would be approximately Rs 550 crore, to be invested over the next two years. The cost of the project would be funded through a combination of equity funding by Asian Paints & the other parties and external debt financing. Manufacturing plant setup will be in Fujairah, United Arab Emirates (UAE).
2022-10-22
Dehradun Municipal Corporation has sent notices to 82 government departments for failing to pay property taxes and has given them a month's time to submit necessary documents. DMC is in the process of identifying tax defaulters and had sent notices to individuals as well earlier this month. Few government departments had also been notified a couple of months ago.
2022-10-22
Hong Kong is cutting property taxes and easing visa rules for non-permanent residents to attract global talent and revive the city as an international financial hub. The property rule will refund extra stamp duties that non-permanent resident property buyers have to pay after they have stayed in the city for seven years.
2022-10-22
Aditya Birla group firm UltraTech Cement reported 42.09 per cent fall in its consolidated net profit at Rs 758.70 crore for the second quarter of FY23, citing higher operating costs due to inflationary headwinds. Its revenue from operations rose 15.61 per cent to Rs 13,892.69 crore during the quarter under review as against Rs 12,016.78 crore in the corresponding period of the last fiscal.
2022-10-22
Banking and financial intelligence solution provider Karza Technologies’ founder and CEO Omkar Shirhatti has purchased a luxury duplex apartment in Mumbai’s Khar locality for Rs 47.70 crore. Shirhatti has bought the apartment in Samarpan Building, Off Carter Road, directly from the developer Raghuleela Estates, a subsidiary of the Wadhwa Group.
2022-10-21
Realty firm Prestige Estates Projects Ltd's sales bookings rose 66 per cent year-on-year to Rs 3,511 crore in the second quarter of this fiscal on higher demand despite a rise in home loan interest rates. During the April-September period of this fiscal, Prestige Group's sales bookings more than doubled to Rs 6,523.1 crore from Rs 2,845.9 crore in the corresponding period of the previous year.
2022-10-21
Asian Paints has registered 32 per cent growth in its net consolidated profit during the quarter ended September 2022. Its profit after tax stood at Rs 803.83 crore in Q2 FY23 as against Rs 605.17 crore it recorded in the corresponding quarter of the previous fiscal. company's total consolidated income stood at Rs 8,553.04 crore in Q2 FY23.
2022-10-21
National Consumer Disputes Redressal Commission (NCDRC) has ordered the developer in Ghaziabad to refund the paid-up amount with interest to buyers for failing to deliver their homes despite several extensions in deadline. In June this year, UP-RERA cancelled the registrations of the three projects - Raksha Vigyaan Sanskriti Phase-2, Antriksh Sanskriti Phase-2 & 3 located adjacent to NH-9 in Pratap Vihar, for the delay in delivery.
2022-10-21
Realty firm Unitech Ltd announced the appointment of Uma Shankar as nominee director on the company's board. She has extensive working experience of 37 years with the Reserve Bank of India. Presently, Shankar is associated with EbixCash and IDBI Capital Markets and Securities Ltd as independent director and with Karnataka Bank as an additional director.
2022-10-21
Members from Nashik chapter of Confederation of Real Estate Developers’ Association of India (CREDAI) want the Nashik Municipal Corporation to reduce the property tax levied on commercial properties. The business of renting out commercial properties has been adversely affected in Nashik due to Covid-19 and the higher property tax rates that came into force from the 2018-19 fiscal.
