Infosys Employees May Receive 80% Performance Bonus in Q1 FY26, Reports Suggest
According to reports, employees in Band 6 and below, which includes junior to mid-level staff, are expected to receive quarterly bonuses. Last year, the average payout for the same quarter was around 65%.
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Hindustan Times
28 minutes ago
- Hindustan Times
Landmark Group to invest ₹400 crore in low-density luxury project on Gurugram's Dwarka Expressway
Gurugram-based Landmark Group will invest nearly ₹400 crore in its low-density luxury housing project 'Landmark SKYVUE' at Sector 103 on Dwarka Expressway, the company said on August 20. Landmark's Group chairman Sandeep Chillar (second from left) said that the new project, located in Gurugram's Dwarka Expressway, is spread across 4 acres and will feature just 240 apartments. Spread across 4 acres, the project will feature just 240 apartments and has a revenue potential of around ₹1,200 crore. Scheduled for delivery in four years, SKYVUE has been launched at ₹17,500 per sq ft, with apartments priced between ₹4.99 crore and ₹6.78 crore, the company said. 'We will invest ₹400 crore in the construction of our new project 'Landmark SKYVUE',' Landmark Group chairman Sandeep Chillar told reporters. 'It is a low-density development with 60 apartments per acre compared to the conventional 90–100.' He said the company has owned the land parcel since 2009 and has already cleared all approval charges with the government. He said the demand in the Gurugram market remains strong, driven by new infrastructure developments, including the opening of the Dwarka Expressway. The project forms part of an 11-acre land parcel, with Phase I delivered in 2013 and Phase III planned for FY2026. Phase II, spread across 4 acres, will offer 240 three-side-open residences in 3BHK + utility and 4.5BHK + utility formats. The towers will rise 40 floors above a three-level podium that will house retail, a 1-lakh sq ft club, and wellness facilities. The project will also feature a rooftop observatory. Also Read: Gurugram's affordable housing projects face residents' ire as missing 24-metre road becomes symbol of deeper crisis 'Our aim is to craft a community that combines design but doesn't compromise on comfort. We aim to put special emphasis on the modern-day needs of Indian families, including digitally forward amenity zones, skypad pickleball court, Japanese restaurant 'Sora', and a wellness-oriented club called 'Skydome' offering a meditation zone, plunge pool, and USFDA, CE, and ISO approved cryotherapy,' he said. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Also Read: Is Gurugram's luxury real estate boom sustainable? Experts weigh in on price and demand trends The company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR. It has other projects in its pipeline for FY2025-26, including the largest single tower commercial project measuring 2.2 million sq. ft. on Golf Course Extension Road, a high street retail project, and a large mixed-use project, both situated on Dwarka Expressway.
News18
39 minutes ago
- News18
AI-powered ponzi scheme busted, two held in Rs 850 cr fraud
Agency: Hyderabad, Aug 20 (PTI) A large-scale organised financial fraud operated through advanced AI-powered investment platforms and Ponzi scheme tactics through which over 3,000 individuals across multiple states were 'cheated", was dismantled here with the arrest of two persons, police said on Wednesday. The accused lured investors with false promises of steady monthly returns based on deceptive stock market prediction software, they said. In the investment fraud, a total amount of Rs 850.59 crores was collected from 3,164 victims across multiple states during 2022–25 with fraudulent retention of Rs 232.36 crores, a release from Cyberabad Police Commissionerate said. An amount of Rs 618.23 crore was partially returned. A case was registered on July 29 and two persons—Director of a company and an employee — were arrested in Hyderabad on August 19, it said. Four fraudulent entities (Primary Companies) and eight fraudulent websites were identified, police said adding the fraud network involved over 20 consultants and agents across major cities with technical developers and website administrators part of it. On the modus operandi, police said the accused projected fake NSE/BSE certifications and organised investment seminars in Andhra Pradesh and Telangana and maintained premium offices to project legitimacy. They targeted middle-class families, retired individuals, and working professionals in fraudulent investment operations and promised 7 per cent monthly returns through fake AI-based predictions. Fake dashboards displaying fabricated profits were designed and they adopted a Ponzi structure with 20-30 per cent for limited trading, 40–50 per cent was used to pay earlier investors, and the balance 'siphoned" for personal gain, police said. The accused managed 21 mule bank accounts across different banks and converted illicit deposits into real estate, gold, and luxury vehicles. They also operated international laundering channels, including Dubai-based operations. The accused systematically deleted digital records, threatened victims who attempted to complain and shut down websites under regulatory scrutiny, they added. Two vehicles, 11 laptops, three mobile phones, and flats were seized among others. PTI VVK VVK ROH view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
Economic Times
an hour ago
- Economic Times
Karnataka to consider extending Yellow Line to Attibele, says DK Shivakumar
Synopsis The Karnataka government plans to extend the Namma Metro Yellow Line. It will go beyond Bommasandra towards Attibele. RV Associates will prepare a detailed project report. Many residents requested the extension. The extension will improve connectivity to Jigani and Attibele. A 90,000-seat stadium is planned near Attibele. Agencies Representative Image Deputy Chief Minister DK Shivakumar said the state government has tasked Hyderabad-based RV Associates with preparing a Detailed Project Report (DPR) on extending the Namma Metro Yellow Line beyond its current Bommasandra terminus toward Dy CM who also handles the portfolio of Bengaluru Development addressing the ongoing state assembly session said many MLAs and residents have been making persistent appeals to his office to extend the line. 'We have to take the metro another 11-12 km to link Jigani. It is a potential place. We will take suitable measures,' Shivakumar deputy CM made the statement in the Assembly during the Question Hour while replying to Congress member B Shivanna, who demanded that the recently inaugurated Yellow Line be extended till Attibele. Shivakumar highlighted the planned 90,000-seat Karnataka Housing Board stadium near Attibele as a major reason to improve connectivity to that region. Attibele is located about 32 km from Bengaluru on NH-7 and serves as the Karnataka state border to Tamil Nadu. It lies near Jigani which hosts a cluster of industrial and warehousing facilities. Bühler (India) Pvt. Ltd., headquartered in the area, manufactures machinery and plants for diverse industrial applications, while Schneider Electric President Systems Ltd operates multiple units in the local KIADB industrial estate. The region has also emerged as a logistics hub, with brands such as Nike and Flipkart maintaining large warehouses Yellow Line was inaugurated by Prime Minister Narendra Modi on August 10, 2025 which spans 19.15 km with 16 elevated stations and carries a construction cost between ?7,160 crore and ?7,610 per reports on its first day alone, the Yellow Line transported over 83,000 passengers.
