New Delhi, Sunteck Realty Ltd on Friday reported a 30 per cent decline in its sales bookings to Rs 502 crore for the quarter ended June due to strong housing demand.The company had sold assets worth Rs 387 crore in the same period a year ago.“Our pre-sales in Q1FY20 were approximately Rs 502...
New Delhi, IBBI chief Ravi Mital on Friday urged insolvency professionals to be as transparent as possible, provide more information to stakeholders and ensure faster resolution of stressed assets for better recovery.He also stressed that no one will take action against insolvency resolution...
BENGALURU: Lokayukta officials on Thursday conducted raids at 56 locations across the state and found that 11 government officials and engineers have amassed assets worth Rs 45.14 crore which are disproportionate to their known sources of income, the Lokayukta office said.In an early morning...
Mumbai, July 11, 2024: 360 ONE has announced the appointment of Raghav Iyengar as Chief Executive Officer-designate of its asset management business (360 ONE Asset), subject to necessary approvals. Raghav has a rich experience of over three decades in the financial services sector. Prior to...
New Delhi: The Enforcement Directorate on Wednesday said it has attached assets worth Rs 2.5 crore of a former Bihar higher education department official in connection with a money laundering probe into his alleged disproportionate assets case.A provisional order has been issued by the federal...
Beed (Maharashtra), Anti-Corruption Bureau said Beed police have registered a case against a 51-year-old PWD engineer and his wife for possessing assets 200 per cent disproportionate to their known sources of income.In 2022, the ACB had caught the then executive engineer of the Public Works...
Mumbai, Investors pumped a record Rs 40,608 crore into equity mutual funds in June, up 17 per cent from May 2024, industry body Amfi said on Tuesday.Flows into systematic investment plans (SIPs) also touched a new high of Rs 21,262 crore during the month, higher than the previous high of Rs...
New Delhi: Passive mutual fund schemes cannot invest more than 25 per cent of their net assets in listed securities of the sponsor's group companies, according to new prudential norms notified on Monday by market regulator Sebi for such schemes.Sebi announced new measures to simplify...
Mumbai, Japan's Sumitomo Mitsui Banking Corporation and French lender BNP Paribas on Monday announced the start of operations of the Gujarat International Finance Tec-City - International Financial Services Center (GIFT-IFSC) branch.The Japanese lender said the branch will focus on the foreign...
JAMMU: The Jammu and Kashmir Anti-Corruption Bureau (ACB) on Friday registered a case and raided various properties allegedly worth crores of rupees of a junior engineer here in a disproportionate assets (DA) case. The officers provided this information.He said that the ACB is probing the DA's...
Rashid, who is jailed since 2019 after being accused by the NIA in a terror financing case, defeated former J&K Chief Minister Omar Abdullah from Baramulla Lok Sabha seat as an independent candidate by over 2 lakh votes in the recent elections.The ECI notification was given by the deputy...
Hyderabad, The Telangana government has decided to expand the disaster management wing of the Greater Hyderabad Municipal Corporation (GHMC) to offer various services, including protecting government assets like water bodies from the menace of encroachments.In a meeting held by Chief Minister...
New Delhi, Market regulator SEBI has cautioned the public against dealing in any property related to HBN Dairies & Allied Ltd.The warning came after the Supreme Court, in its order dated May 14, 2024, authorized the Securities and Exchange Board of India (SEBI) to sell the assets of HBN...
The defamation suit was filed following Gokhale's continuous tweets accusing Puri of buying disproportionate assets in Switzerland. He also took the name of Hardeep Puri in the tweet.According to a statement issued by solicitors Pharm Karanjawala & Co, representing Puri, Gokhale has been...
New Delhi/Kochi, The Enforcement Directorate on Saturday alleged that the CPI(M) in Kerala was retaining proceeds of money laundering as it seized a plot of land and bank deposits worth Rs 73 lakh from the political party in a probe linked to Karuvannur Service. Cooperative Bank "Scam".The...
Washington [USA], When Michael Jackson tragically passed away on June 25, 2009, he left behind a legacy that transcended music, but also a staggering financial burden.Recent court documents filed in Los Angeles and obtained by Deadline have revealed that, at the time of his death, Jackson was...
Mumbai, Decline in banks' non-performing assets to a 12-year low of 2.8 per cent and strong GDP numbers will help sustain growth momentum and withstand global shocks, the Financial Stability Report (FSR) said. ) from the Reserve Bank published on Thursday.Real gross domestic product (GDP) rose...
With improved balance sheets, the country's banks and financial institutions are supporting economic activity through sustained credit expansion, according to the RBI's Financial Stability Report released on Thursday.The gross non-performing assets (GNPA) ratio of scheduled commercial banks...
Mumbai, Commercial banks' gross bad assets or doubtful assets fell to a 12-year low of 2.8 per cent in March 2024 and may further decline to 2.5 per cent by the end of the current fiscal, according to the RBI Financial Stability Report (FSR). ) published on Thursday.The gross non-performing...
New Delhi [India], The global economy currently faces significant risks arising from ongoing geopolitical tensions, high levels of public debt and slow progress in reducing inflation, according to the Bank's 29th Financial Stability Report (FSR). Reserve Bank of India (RBI). released on...