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Hans India
an hour ago
- Business
- Hans India
Raymond to list property biz on stock markets
New Delhi: Raymond Ltd will list its real estate business on the stock exchanges in the second quarter of this fiscal year as it has demerged this vertical to tap immense growth opportunities. Raymond Ltd has successfully demerged the real estate business after getting all regulatory approvals and will now focus on engineering vertical. 'We have successfully demerged our real estate business and received all necessary approvals, and we expect to be listing the real estate business in the second quarter of FY26,' Raymond Ltd Group CFO said Amit Agarwal told analysts. According to a transcript of management discussion with markets analysts, Agarwal said the demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business. Mumbai-based Raymond Ltd is one of the leading real estate firms in the country. It sold properties worth Rs2,310 crore in the last fiscal year as against Rs2,249 crore in the preceding year. The demerger scheme has become effective from the May 1, 2025, and the record date is May 14, 2025 for the purpose of determining the eligible shareholders of demerged company, Raymond Ltd, to whom the equity shares of the resulting company, Raymond Realty Ltd, would be allotted in terms of the scheme.
The Star
20-05-2025
- The Star
Hong Kong woman selling electric toothbrush online loses HK$800,000 in scam
Purported buyer gives her link to complete transaction and woman later realises money missing from her account. — SCMP A Hong Kong woman trying to sell an electric toothbrush on a popular online marketplace fell victim to a scam that cost her HK$800,000 (RM438,310 or US$102,370). The victim, a 38-year-old living on Bonham Road in Mid-Levels, had listed the item on Carousell and was approached by a supposed buyer expressing interest. The buyer claimed the payment would be completed online and a link was provided for the transaction. The seller clicked the link and followed the instructions and later realised HK$800,000 (RM438,310) had been withdrawn from her account without her authorisation. She reported the incident to police on Monday. The case is being handled by the Western district investigation team. – South China Morning Post
Time of India
19-05-2025
- Time of India
Masked gang assaults, robs students in hostel
Trichy: A group of nine unidentified assailants attacked students staying at a polytechnic college hostel in Samayapuram and robbed them of mobile phones and cash on Sunday. Police said at least twelve students were staying at the hostel during the incident. On Sunday evening, the masked assailants arrived at the hostel in motorcycles. They barged into the rooms and assaulted students. They then threatened the students at knifepoint and snatched their mobile phones, cash and other valuable items. They later fled in their motorcycles. The Samayapuram police registered cases under BNS Section 310 (dacoity) on Monday. Lalgudi DSP M Dinesh Kumar told TOI that there was no surveillance camera on the hostel premises. "We suspect that the students and the assailants might have known each other, and the dacoity could be the result of a past issue between them. We are still investigating and looking out for the suspects," he said.
