Author: xperthomez

Punjab & Sind Bank (PSB) has declared the non-performing asset (NPA) account of Lanco Infratech Ltd as a “fraud account” and reported the same to the Reserve Bank of India. Lanco Infratech had outstanding dues of ₹215.17 crore, PSB said in a filing with the stock exchanges. PSB has already provided 100 per cent ...

Nuvoco Vistas Corp Ltd, a cement manufacturing company, has launched Concreto CorroSafe, a corrosion-resistant concrete that extends the life of buildings. The advanced concrete mix design is reinforced with corrosion-resistant admixtures that act as inhibitors towards water seepage and rusting, protecting the lifespan of the structures. It is designed to increase the durability of ...

IKEA, the Swedish home furnishing retailer, has launched its e-commerce services and mobile shopping app in Bengaluru even as it committed a long-term investment of around ₹3,000 crore in Karnataka. This marked IKEA’s maiden entry into Karnataka, and customers in Bengaluru would now be able to choose from over 8,000 home furnishing products and ...

Godrej Housing Finance (GHF) has launched a ‘design your EMI’ home loan product to enable customers to customise their equated monthly installments (EMIs). This is aimed at optimising their cashflows and bring down the cost of home ownership. Manish Shah, MD & CEO, Godrej Housing Finance said EMIs can be tailored to suit customers’ ...

SoftTech Engineers Ltd, which provides solutions for architecture, engineering and construction (AEC) sector, has launched AmpliNXT, an incubator-cum-accelerator. “AmpliNXT aims to improve the AEC sector by supporting startups. The sector hasn’t seen much intervention of technology,” Vijay Gupta, Founder and Chief Executive Officer of SoftTech Engineers Ltd, said in a statement on Tuesday. “The ...

JSW Cement has entered the construction chemical business with the launch of a unique green product range in the category. The construction chemicals range includes Enduro Plast readymix plaster, Krysta Leakproof integral crystalline waterproofing compound and Duraflor floor hardner. The Enduro Plast readymix plaster is a cementitious overlay product for vertical walls and ceilings ...

Realty major DLF Ltd on Friday reported a consolidated net profit of ₹477 crore for the fourth quarter ended March 31. This was 6 per cent higher than the consolidated net profit of ₹449 crore recorded in the third quarter ended December 31, 2020. In the March quarter last year, DLF had reported a ...

Realty major DLF on Friday reported a consolidated net profit of ₹480.94 crore for the quarter ended March 31, 2021. It also appointed Ashok Tyagi and Devinder Singh as the new CEOs of the company. DLF had posted a net loss of ₹1,857.76 crore in the year-ago period. Total income rose to ₹1,906.59 crore ...

Till date, assets worth ₹2.1-lakh crore have been floated through InvITs (64 per cent) and REITs 36 per cent) and these platforms may see over ₹3.5-lakh crore assets getting monetised in next one year, according to ICRA Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) structures are expected to see healthy traction ...

The Ministry of Housing and Urban Affairs (MoHUA) has approved 708 proposals for construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana – Urban (PMAY-U). The decision was taken at the 54th Meeting of the Central Sanctioning and Monitoring Committee (CSMC). These houses are proposed to be constructed across Beneficiary Led Construction and ...