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Govt may hike limit for ‘affordable homes’ classification to Rs 75 lakh

Nov 4, 2023

New Delhi, Nov 3 (IANS) Government is considering a proposal to raise the price limit for classifying homes in the “affordable housing” segment for cities like Delhi and Mumbai to Rs 75 lakh from the Rs 45 lakh cap that is in place at present. “Classifying affordable housing as units up to Rs 45 lakh is unrealistic given the high price of land in…

India’s forex reserves rise by $2.6 billion

Nov 4, 2023

Mumbai, Nov 3 (IANS) India's foreign exchange reserves increased by $2.579 billion to $586.111 billion during the week ended October 27, the RBI said on Friday.The country's foreign exchange reserves had fallen by $2.36 billion to $583.53…

Business

SC permits Unitech to start construction, issues directions to home buyers

Nov 4, 2023

New Delhi, Nov 3 (IANS) The Supreme Court on Friday permitted the new Unitech management to start construction activities by allowing the management to award 49 contracts as recommended by former SC judge A.M. Sapre. The court also issued…

Business

New API lets brands create FB Stories directly from 3rd-party desktop, web apps

Nov 3, 2023

New Delhi, Nov 3 (IANS) Meta has introduced a new "Facebook Stories API" (Application Programming Interface), which will allow developers, creators, and brands to create and share a Facebook Story directly from a third-party desktop or web…

Business

After UK, India summit to pave the way for global framework on AI risks: MoS IT

Nov 3, 2023

New Delhi, Nov 3 (IANS) After the successful AI Safety Summit in the UK, the Global Partnership on Artificial Intelligence (GPAI) in New Delhi next month will further deliberate upon the risks associated with artificial intelligence (AI) --…

Business

RBI fines PNB, Federal Bank, Mercedes Financial Services for breach of rules

Nov 3, 2023

Mumbai, Nov 3 (IANS) The Reserve Bank of India (RBI) said on Friday that it has imposed monetary penalties on Punjab National Bank, Federal Bank, Mercedes-Benz Financial Services India and Kosamattam Finance for violating the central bank's…

Business

New WhatsApp spy mod attacks Telegram users over 340K times in Oct: Report

Nov 3, 2023

New Delhi, Nov 3 (IANS) Cybersecurity researchers have discovered a new malicious "WhatsApp spy mod", which has attacked messaging platform Telegram users more than 340,000 times in October alone, a new report said on Friday. According to…

Business

Blinkit’s quarterly contribution margin turns positive for 1st time: Zomato CEO

Nov 3, 2023

New Delhi, Nov 3 (IANS) Zomato-owned quick commerce platform Blinkit's business turned contribution positive in Q2 FY24 for the first time for the entire quarter, the company said on Friday, adding that Blinkit's gross order value (GOV)…

Business

Titan Company books Rs 940 cr PAT for Q2

Nov 3, 2023

Chennai, Nov 3 (IANS) Watches, wearables and jewellery company Titan Company Ltd on Friday said it closed the second quarter of FY24 with a higher net profit of Rs 940 crore.In a regulatory filing, Titan Company said for the quarter ended…

Business

Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr

Nov 3, 2023

New Delhi, Nov 3 (IANS) Online food delivery platform Zomato said on Friday that it registered Rs 36 crore as profit after tax (PAT) in the quarter ending September 30, as its revenues surged 71 per cent to Rs 2,848 crore. The online…

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