Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans
NEW DELHI: Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans. Under this strategic co-lending agreement, they will offer home loans to homebuyers at competitive interest rates, Yes Bank and Indiabulls Housing Finance said in a joint release on Wednesday. The partnership aims at […]
Basavaraj Bommai to take oath as Karnataka Chief Minister at 11 am on Wednesday
NEW DELHI: Newly appointed leader of the BJP legislature party Basavaraj Bommai on Tuesday said Governor Thaawarchand Gehlot has invited him to form the government and he will take oath as Chief Minister at 11 AM on July 28. “I have informed the Governor about my election as the leader of the legislature party. He has […]
Lok Sabha sees repeated adjournments amid Opposition protests over Pegasus, farm laws
NEW DELHI: Lok Sabha on Tuesday witnessed a series of brief adjournments amid uproar created by opposition members over various issues, including the Pegasus spying controversy and the three contentious agri laws. While no legislative business could be transacted, the House for the first time in the Monsoon session took up “matters of urgent public […]
Kirloskar family feud: Brothers’ firms spar over 130-year-old legacy
NEW DELHI: Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, on Tuesday accused four firms under his brothers Atul and Rahul of trying to “usurp” its legacy of 130 years and trying to mislead the public, which has been refuted by the other side. As the family feud simmers, KBL in a letter to capital […]
DLF’s Q1 sales bookings jump nearly 7-fold to Rs 1,014 crore despite Covid-19
NEW DELHI: Realty major DLF Ltd’s sales bookings jumped nearly 7-fold year-on-year to Rs 1,014 crore during the April-June quarter of this fiscal, on strong demand for its independent floors and luxury homes in Gurugram. The company’s sales booking stood at Rs 152 crore in the April-June quarter of the 2020-21 fiscal year because of […]
HDFC Bank’s Aditya Puri highest paid, ICICI Bank Sandeep Bakshi forgoes salary in Covid-19 year
NEW DELHI: HDFC Bank’s Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore. His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed […]
Found Rs 2,200 crore fictitious transactions: CBDT after raids on media group
NEW DELHI: The CBDT on Saturday claimed to have detected “fictitious transactions” of Rs 2,200 crore after the Income Tax Department carried out multi-city raids against the Dainik Bhaskar media group early this week. It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some […]
Forex reserves zoom to record high of $612.73 billion
NEW DELHI: The country’s foreign exchange reserves rose by USD 835 million to touch a record high of USD 612.73 billion in the week ended July 16, 2021, RBI data showed. In the previous week ended July 9, 2021, the reserves had surged by USD 1.883 billion to USD 611.895 billion. In the reporting week […]
Sensex ends 139 points higher; Nifty tops 15,850
NEW DELHI: Equity benchmark Sensex rose 139 points on Friday following gains in ICICI Bank, ITC and SBI amid a largely positive trend in global markets. The 30-share BSE index ended 138.59 points or 0.26 per cent higher at 52,975.80, while the broader NSE Nifty advanced 32 points or 0.20 per cent to 15,856.05. ICICI […]
Gorakhpur most favoured industrial destination after Noida
LUCKNOW:Gorakhpur is now emerging as the most favoured destination in Uttar Pradesh for industrialists after Noida. Gorakhpur, which is the home of Chief Minister Yogi Adityanath, has seen 259 small and big industrialists of the country acquiring land from Gorakhpur Industrial Development Authority (GIDA) to set up their factories in the district. According to the […]
Kisan Sansad: Farmers plan to carry on protest till August 13
NEW DELHI: Protesting farmer leaders said on Thursday that they intend to continue with the ‘Kisan Sansad’ at Jantar Mantar in the heart of the national capital till August 13, the day the ongoing Monsoon Session of the Parliament comes to an end. On Wednesday, Delhi Lieutenant Governor Anil Baijal had given permission to the […]
CCI accuses Amazon of concealing facts in deal for Future Group unit
By Aditya Kalra NEW DELHI: India’s antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed. The letter complicates Amazon’s bitter legal battle with Future Group over the […]
Byju’s acquires Epic for USD 500 million
NEW DELHI: Edtech major Byju’s on Wednesday said it has acquired Epic, a digital reading platform for kids, for USD 500 million (about Rs 3,729.8 crore). The company will invest an additional USD 1 billion in North America to accelerate its vision of “helping students fall in love with learning”, a statement said. The acquisition […]
Bajaj Finserv Q1 consolidated net profit declines 31% to Rs 833 crore
NEW DELHI: Bajaj Finserv Ltd on Wednesday reported an over 31 per cent decline in consolidated net profit at Rs 833 crore for the first quarter ended June 2021. The company had reported a net profit of Rs 1,215 crore in the same quarter of the preceding fiscal. The consolidated total income also fell to […]
AAI committees find Adani group in violation of branding, logo pacts
NEW DELHI: Three committees of the Centre-run Airports Authority of India (AAI) in January found the Adani group to be in violation of branding norms, prescribed in the concession agreements, at the airports in Ahmedabad, Mangaluru and Lucknow that the conglomerate took over last year. Consequently, the Adani group companies — which are operating these […]
US based Colliers appoints Ramesh Nair as CEO for India business
NEW DELHI: US-based property consultant Colliers on Wednesday announced the appointment of Ramesh Nair as the Chief Executive Officer (CEO) for India business, as part of its strategy to accelerate growth in the country. Nair, an industry veteran, will also be the Managing Director, Market Development for Asia, Colliers said in a statement. In January […]