Indiabulls Housing Finance’s net profit dips 40% to Rs 329 crore in Q3 FY21
MUMBAI: Mortgage lender Indiabulls Housing Finance on Friday reported a 40.4 per cent dip in its consolidated profit after tax to Rs 329 crore in the December 2020 quarter, due to higher provisioning. The lender had registered a profit after tax of Rs 552 crore in the corresponding quarter of the previous fiscal. Its Deputy […]
Embassy REIT’s profit falls 15% to Rs 215 crore in Q3 FY21
NEW DELHI: Embassy Office Parks REIT on Friday reported a 15 per cent decline in consolidated net profit to Rs 214.79 crore for the third quarter ended December and announced Rs 2,300 crore investment over the next three years to develop nearly 6 million sq ft of commercial space. It also declared a distribution of […]
Rose Valley Group official sent to seven years jail in money laundering case
NEW DELHI: A Special PMLA court has sent Rose Valley Group official Arun Mukherjee to seven years imprisonment with a fine of Rs 2.5 lakh in connection with a money laundering probe. An ED official here said that the Special PMLA court on Friday evening sentenced Mukherjee to seven years imprisonment with a fine of […]
Odisha to identify more locations for nature & eco-tourism
NEW DELHI :The Odisha government has decided to identify more locations for nature and eco-tourism as the eco-retreat sites set up in the state have become quite popular with tourists, an official said. This was decided at a meeting chaired by Chief Secretary S C Mohapatra, who directed the departments of tourism, forest and environment […]
Uttar Pradesh will be next economic, business hotspot of country: Siddharth Nath Singh
NEW DELHI: Siddharth Nath Singh, Minister for MSME, Khadi & Investment Promotion of Government of Uttar Pradesh had an interactive session with industry representatives today at Hotel Trident BKC, Mumbai. The session was attended by more than 40 industry representatives including Ashok Goel, Chairman & Managing Director of BLR Logistics, Ajay Thakur, SME Head of […]
Parliament approves Jammu and Kashmir reorganisation amendment bill
NEW DELHI: A bill to merge the Jammu and Kashmir (J&K) cadre of all-India services officers with the Arunachal Pradesh, Goa, Mizoram Union Territory (AGMUT) cadre was passed by Lok Sabha on Saturday by a voice vote. The Jammu and Kashmir Reorganisation (Amendment) Bill, 2021 has already been passed by Rajya Sabha. The statutory resolution, […]
Punjab becomes the 13th state to complete One Nation One Ration Card system reform
NEW DELHI: Punjab has become the 13th State in the country to successfully undertake “One Nation One Ration Card system” reform stipulated by the Department of Expenditure, Ministry of Finance. Thus, the State has become eligible to mobilise additional financial resources of Rs.1,516 crore through Open Market Borrowings. Permission for the same was issued by […]
Amit Shah approves Rs 3,113.05 crore of additional central assistance to five States and Union Territories
NEW DELHI: The High Level Committee (HLC) under the Chairmanship of the Union Home Minister,Amit Shah, has approved additional Central Assistance under the National Disaster Response Fund (NDRF) to five states, which were affected by floods/ cyclones (Nivar and Burevi)/ Pest attack during 2020. While approving the additional Central Assistance,Shah said the Union Government under […]
Jharkhand gets new DGP, State Election Commissioner
NEW DELHI: Jharkhand on Friday got a regular Director General of Police (DGP) and State Election Commissioner after the gap of nearly a year. Niraj Sinha, a 1987 batch IPS officer, who was named as new DGP replacing M V Rao assumed office at the State police headquarters. The State home prison and disaster management […]
Former SBI chief appointed exclusive advisor to Kotak Groups $1 billion stressed assets fund
NEW DELHI: Former SBI chairman Rajnish Kumar was on Friday appointed as the exclusive advisor to a USD 1 billion-stressed assets fund floated by the Kotak Mahindra Bank group. Kumar retired as the chairman of the country”s largest lender in October last year after an over four-decade career. Earlier this week, there were reports of […]
India gifting 2,000 metric tonnes of rice to Syria: MEA
NEW DELHI: India is gifting 2,000 metric tonnes of rice to Syria following a request from the Arab republic, the Ministry of External Affairs (MEA) said on Friday. The first consignment of 1,000 metric tonnes of rice was handed over by Indian ambassador to Syria Hifzur Rahman to Syrian Minister of Local Administration Hussain Makhlouf at […]
Forex reserves down by USD 6.24 billion to USD 583.945 billion
MUMBAI: The country’s foreign exchange reserves declined by a massive USD 6.24 billion to reach USD 583.945 billion in the week ended February 5, RBI data showed on Friday. In the previous week, the reserves had touched a record high of USD 590.185 billion after rising by USD 4.852 billion. In the reporting week ended […]
Twitter to add more labels to identify accounts of government leaders, institutions
NEW DELHI: Social media giant Twitter has said it will add labels to identify more government leaders and associated institutions from the next week to provide people with context to what they see and have a “more informed experience” on the microblogging platform. Twitter said the roll-out will begin in Canada, Cuba, Ecuador, Egypt, Germany, […]