(PTI) Realty firm Godrej Properties Ltd has acquired 14-acre land in Bengaluru to develop a premium housing project with an estimated revenue of Rs 1,500 crore. In a regulatory filing on Monday, the company informed it will develop a premium residential project on a strategically located 14-acre land parcel in Hoskote, East Bengaluru. “The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore,” it added.
Author: Aruna Sharma
(PTI) Terming Cyprus a “reliable partner” for India, Prime Minister Narendra Modi on Sunday called for strengthening bilateral cooperation, which has “immense potential for growth”. Modi, who arrived here on the first leg of his three-nation tour, made the remarks while attending a business roundtable along with Cypriot President Nikos Christodoulides. Addressing business leaders, Modi highlighted the “immense potential for growth” in bilateral ties. Cyprus has been a “reliable partner to India for a long time now,” he said. In a post on X after the meeting, he said, “Boosting business linkages! President Nikos Christodoulides and I interacted with leading CEOs in order…
(FE) Household items such as toothpaste, detergent bar and shampoo could become dearer if crude oil prices continue to rally the way they have, following an escalation in tensions between Iran and Israel. Crude touched $78.5 to a barrel on Friday, up 13% versus Thursday’s close – the single-biggest rise in over three years – data from Bloomberg showed. For now, there seems to be no signs of a thaw in tensions between the two nations. And this could become a point of concern for user industries, including fast-moving consumer goods (FMCG) and paint companies, top executives said, as it will result…
(FE) Delhi’s water crisis has taken a severe turn with the Yamuna river’s water level at the Wazirabad pond falling to a record low of 668.7 feet—well below the normal 674-foot mark. This alarming drop has led to a 25-30% reduction in water production at two major treatment plants Chandrawal and Wazirabad causing daily supply to fall by 100-150 MGD, according to an India Today report. Delhi water crisis. The impact of this shortage is being felt in major parts of Delhi, including central and south Delhi. Localities such as ITO, Defence Colony, Greater Kailash, Civil Lines, ISBT, Shalimar Bagh, South Extension,…
(FE) Finance Minister Nirmala Sitharaman will meet senior officers from the income tax, goods and services tax (GST), and customs departments to assess their performance across areas, including taxpayer services, litigation management, refund processing, and trade facilitation, official sources said. The minister is scheduled to meet principal chief commissioners of the income tax department on June 23, with a focus on enhancing service delivery, reducing litigation, and improving accountability within systems. The minister will review age-wise pendency of appeals and push for faster disposal of legacy cases to reduce litigation burden, sources said.The meeting will also address delays in issuing refunds,…
(FE) At the invitation of the Prime Minister of Canada, Mark Carney, Prime Minister Narendra Modi will travel to Kananaskis in Canada on June 16-17 to participate in the G-7 Summit. This would be Prime Minister’s 6th consecutive participation in the G-7 Summit. At the Summit, Prime Minister will exchange views with leaders of G-7 countries, other invited outreach countries and Heads of International Organisations on crucial global issues, including energy security, technology and innovation, particularly the AI-energy nexus and Quantum-related issues. Prime Minister will also hold several bilateral meetings on the side-lines of the Summit.
(ET) NTPC Ltd. has signed a foreign currency loan agreement worth $ 750 million with the IFSC Banking Units (IBUs) of Bank of Baroda and HDFC Bank, located in GIFT City, Gandhinagar. A NTPC statement said this unsecured, syndicated External Commercial Borrowing (ECB) facility comprises a base amount of $ 500 million and a greenshoe option of $ 250 million. NTPC said proceeds from the facility will be utilized by the company to fund capital expenditure for ongoing and upcoming capacity addition programs, flue gas desulphurisation (FGD) projects, renewable energy and hydro-based projects. The power producer will also refinance existing…
(ET) India’s biofuel sector is slowly moving from a stage of promise to partial implementation, supported by strong government policies, rising need for decarbonization, and the push for rural value creation, according to a report by YES Securities. The report highlighted that while government support through initiatives like SAMARTH (for biomass), E20 (for ethanol), and SATAT (for compressed biogas or CBG) remains strong, the actual progress in building the required infrastructure is uneven across different segments. It said “India’s biofuel sector is transitioning from promise to partial implementation, driven by policy tailwinds”. Among all segments, ethanol blending has shown significant…
(AU) प्रदेश में पारे में बढ़ोतरी के साथ ही बिजली कटौती का दौर भी तेज हो गया है। शहरों में ट्रिपिंग और लो वोल्टेज से लोग परेशान हैं, वहीं ग्रामीण इलाकों में रोस्टर से करीब एक घंटे कम बिजली मिल रही है। बिजली कटौती बढ़ने की वजह से उमसभरी गर्मी में उपभोक्ताओं में हाहाकार मचा है। प्रदेश के विभिन्न स्थानों पर उपकेंद्र घेरने और धरना- प्रदर्शन की भी सूचनाएं आ रही हैं। बिजली कटौती से ग्रामीण इलाकों के कल-कारखाने भी ठप हो गए हैं। सिंचाई न हो पाने की वजह से सब्जी की खेती भी प्रभावित हो रही है। ग्रामीण…
(AU) हाईकोर्ट से स्टे हटने के बाद म्योरपुर एयरपोर्ट के निर्माण की कवायद तेज हो गई है। एयरपोर्ट अथारिटी ऑफ इंडिया से इसका निर्माण कराया जा रहा है। इसके साथ ही इस एयरपोर्ट पर उड़ान का प्रशिक्षण भी देने की तैयारी है। इसकी जिम्मेदारी रेड रुल कंपनी को मिला है। कंपनी के अधिकारियों ने पिछले दिनों एयरपोर्ट का निरीक्षण कर संभावनाएं भी देखी हैं। अब इसकी प्रक्रिया आगे बढ़ रही है। म्योरपुर में स्थित हवाई पट्टी का रिजनल कनेक्टिविटी स्कीम के तहत एयरपोर्ट के रूप में विस्तार किया जा रहा है। यह काम पहले वर्ष 2022 तक पूरा कर लिया…