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IIFL Capital Services consolidated net profit declines 3.76% in the June 2025 quarter

IIFL Capital Services consolidated net profit declines 3.76% in the June 2025 quarter

Sales decline 3.52% to Rs 617.37 crore
Net profit of IIFL Capital Services declined 3.76% to Rs 175.34 crore in the quarter ended June 2025 as against Rs 182.19 crore during the previous quarter ended June 2024. Sales declined 3.52% to Rs 617.37 crore in the quarter ended June 2025 as against Rs 639.92 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 617.37639.92 -4 OPM % 35.8146.81 - PBDT 243.74259.41 -6 PBT 227.54247.64 -8 NP 175.34182.19 -4
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Music varsity gets new campus after 16 yrs
Music varsity gets new campus after 16 yrs

Time of India

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  • Time of India

Music varsity gets new campus after 16 yrs

Mysuru: City-based Karnataka state Dr Gangubai Hanagal Music and Performing Arts University is getting its full-fledged campus on 5 acres near Nadanahalli on T Narasipura Road, after 16 years. The varsity has taken up the construction of 8 kuteeras in a Gurukul model, four new classrooms to conduct theory classes, a seminar hall, toilets, and several other facilities at the cost of Rs 4.8 crore funded by its internal resources. It also plans to conduct classes for its students on the new campus from this academic year and is making preparations in this regard. The university struggled to find land for construction of its new campus, it even searched for land at various locations including near Varakodu on T Narasipura Road, HD Kote Road, Hunsur, and Nanjangud Road. Finally, the then Mysuru Urban Development Authority sanctioned 5.5 acres for the new campus. Currently, the varsity operates from Lakshmipuram in the city, focusing on research, documentation, and preserving experts in music and performing arts. It aims to contribute to intellectual development and interact with society since its establishment in 2008-09. It also conducts undergraduate, postgraduate, certificate, and diploma courses. It entered into an MoU with KSOU. It is initiated to use the new campus to nurture and develop rich cultural heritage of the state. The varsity also plans to open regional centres in Dharwad, Kalaburgi, Mangaluru, Bengaluru, and Belagavi. Speaking to TOI, vice-chancellor Nagesh V Bettakote said that the govt has sanctioned 5.5 acres of land and a new campus is also coming up after identifying land starting from 16 years ago after the establishment of the university. As the construction of kuteeras and other works are in the final stages, it is also making preparations to conduct classes from this academic year, he said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

‘RISE Haat' in Jhansi: Product-based startups set up permanent stalls
‘RISE Haat' in Jhansi: Product-based startups set up permanent stalls

Time of India

time19 minutes ago

  • Time of India

‘RISE Haat' in Jhansi: Product-based startups set up permanent stalls

Jhansi: In order to boost young entrepreneurs towards innovative startups, the RISE Jhansi Incubation Centre, a project under Jhansi Smart City, launched 'RISE Haat' by setting up permanent stalls for eighteen selected product-based startups on Independence Day, blending patriotism and entrepreneurship. These selected ventures, which are among seventy registered startups with RISE Jhansi, will have their permanent stalls and sales counters at the multi-storied incubation centre situated in the Nagar Nigam campus. The launch was conducted by the commissioner Bimal Kumar Dubey in the presence of mayor Bihari Lal Arya and municipal commissioner Satya Prakash. According to the officials, some of the prominent startups having their stalls include Organic Care India, TARA, Karnika Organics, Chatkara, Happy Pot, Rachnatmak Arts, Manupra Foods, Khula Dibba, Nirhari Handicrafts, Dhanush Digital, Bekar ko Aakar, Occult House, and Anjan Appliances. They will be displaying their products for sale. Commissioner Dubey said, "Recently, RISE Incubation Centre received official recognition from the state government under the StartUP initiative. Under this, several RISE startups achieved remarkable success and also received grants. In order to promote women entrepreneurs, a special SHE RISE is also being launched under the WEDC (Women Entrepreneurship Development Cell), which will provide a strong business foundation for women entrepreneurs. " Two startups, 'Hostel Near Me' and 'Rachnatmak Arts', received Rs 40 lakh each, while 'Bekar ko Aakar' received Rs 30 lakh as government grants. Other startups have also applied for funding and are expected to get the sanction in the coming time under the StartInUP scheme, Dubey said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

TDR scam: Bengaluru zonal office of Directorate of Enforcement issues provisional attachment order for assets worth Rs 4 crore
TDR scam: Bengaluru zonal office of Directorate of Enforcement issues provisional attachment order for assets worth Rs 4 crore

Time of India

time19 minutes ago

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TDR scam: Bengaluru zonal office of Directorate of Enforcement issues provisional attachment order for assets worth Rs 4 crore

Bengaluru: The Bengaluru zonal office of the Directorate of Enforcement (ED) Thursday issued a provisional attachment order for assets worth over Rs 4 crore in connection with the Transferable Development Rights (TDR) scam allegedly involving Valmark Realty Holdings Private Limited (VRHPL) and certain BBMP officials. The attached assets include land and flats belonging to TDR brokers and fake owners, ED said. TDR refers to an award specifying the built-up area an owner of a site or plot can sell or use elsewhere in exchange for land surrendered free of cost to an urban local body for public purposes such as road widening or recreation zones. The investigation is based on an FIR registered by the now-defunct Anti-Corruption Bureau (ACB). As per the chargesheet, VRHPL, represented by its director, Ratan Lath, obtained development right certificates and sold the TDRs to real estate companies and individuals, making an illegal gain of Rs 27.7 crore. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru | Gold Rates Today in Bengaluru | Silver Rates Today in Bengaluru Earlier, ED searched nine premises, including VRHPL's office, the director's residence, and properties linked to builders, brokers, and fake TDR applicants. These searches revealed the role of TDR brokers and previous owners. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Under the Prevention of Money Laundering Act (PMLA), 2002, ED seized materials showing the distribution of the proceeds: VRHPL retained nearly Rs 17.5 crore, while brokers BS Surendranath, K Gautham, and K Suresh received Rs 3.5 crore, Rs 3.4 crore, and Rs 3.3 crore, respectively. The heirs of the late Revanna, a previous owner, received about Rs 2.7 crore from VRHPL's share. The funds were routed through multiple accounts before being used for real estate purchases and business expenses. ED said the probe so far points to a conspiracy involving brokers, VRHPL, and BBMP officials, who facilitated mutation in favour of previous owners despite the land already being converted into a revenue layout and occupied by third-party buyers. BBMP allegedly issued grossly inflated TDRs based on fabricated mahazars and valuation reports, without taking possession of the land, in violation of its own circulars. Similar fraud is suspected at other sites notified for public purposes, which ED is now examining. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

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