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Time of India
11 hours ago
- Business
- Time of India
Omaxe raises Rs 500 crore from Oaktree as growth capital
New Delhi-based real estate developer Omaxe has raised Rs 500 crore from funds managed by Oaktree Capital Management , a global investment managers specializing in alternative investments. In January 2024, the builder had raised Rs 450 crore from Kotak Mahindra Bank Limited. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership healthcare MCA others Product Management Cybersecurity Operations Management Degree Digital Marketing Finance Project Management Others Design Thinking MBA Artificial Intelligence Public Policy PGDM Healthcare Technology CXO Management Data Science Data Science Data Analytics Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details As part of the fund raise, approximately Rs 290 crore was allocated for repaying the loan obtained from Värde Partners in April 2022. The remaining Rs 160 crore was dedicated to the development of projects. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Struggling With Belly Fat? Try This at Home Home Fitness Hack Shop Now Undo The current funding is growth capital for Omaxe's ongoing projects across key markets such as New Chandigarh , Lucknow, Ludhiana, and Faridabad , along with flagship developments like Omaxe State in Dwarka, the upcoming integrated township in Amritsar , and a new township project in Indore. 'This fund infusion enables us to move faster on construction, reduce market dependence, and strategically invest in new opportunities that align with our core markets,' said Mohit Goel, Managing Director, Omaxe Ltd. Live Events In the last two financial years, Omaxe has repaid net Rs 1285 crore to lenders as principal payment, reducing overall net debt to Rs 300 crore. The company sold properties over Rs 3000 crore in FY25. 'With no immediate liability to repay, most of the funds would be used for faster execution and create additional headroom to explore expansion in select markets,' said Atul Banshal, Director – Finance, Omaxe Ltd. Omaxe has delivered over 140.17 million sq. ft. of real estate and construction contracting projects to date as of March 31, 2025, with presence in 8 states and 31 cities. Its portfolio includes integrated townships, group housing, shopping malls, office spaces, and infrastructure-led developments, with a focus on timely delivery and long-term value creation for customers and investors alike. Recently, Omaxe acquired 450-acre land in Indore to develop an integrated township with an investment of Rs 1,200 crore. The company is expected to generate Rs 2,500 crore in revenue over the next three years. Earlier, the company had said that it is investing Rs 1,000 crore in developing a township in Amritsar, Punjab. Omaxe has acquired 260 acres of land for this township, and in the first phase, it is developing 127 acres.


Time of India
18 hours ago
- Business
- Time of India
SC quashes FIR against shuttler Lakshya Sen in birth certificate forgery case
The Supreme Court on Monday quashed an FIR against badminton player Lakshya Sen , his family members, and coach in the birth certificate forgery case . A bench of Justices Sudhanshu Dhulia and Aravind Kumar said the continuation of criminal proceedings against Sen is unwarranted and amounts to abuse of the process of court. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership CXO MCA PGDM Degree Data Science Healthcare Artificial Intelligence Digital Marketing Finance MBA Public Policy others Product Management Operations Management healthcare Others Technology Project Management Design Thinking Data Analytics Management Data Science Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details The top court had earlier issued notices to the Karnataka government and complainant M G Nagaraj , who alleged that birth certificates of Lakshya Sen and his brother Chirag Sen were forged. The top court was hearing a plea challenging the February 19 order of the Karnataka High Court which rejected the petitions filed by Sen, his family members, and his coach U Vimal Kumar . The high court ruled there was prima facie evidence warranting an investigation into the case. Live Events The case stems from a private complaint filed by Nagaraj, who alleged Sen's parents Dhirendra and Nirmala Sen, along with his brother, coach, and an employee of the Karnataka Badminton Association , were involved in "falsifying" the birth records. Economic Times WhatsApp channel )


Time of India
20 hours ago
- Business
- Time of India
26th batch of 1635 pilgrims leaves Jammu for Amarnath Yatra
Braving heavy rains, more than 1600 pilgrims left Jammu on Monday for the twin base camps of the cave shrine of Amarnath in the south Kashmir Himalayas amid tight security arrangements. The 38-day pilgrimage to the 3,880-metre-high shrine, which commenced on July 3 from the valley, has recorded darshan of the ice lingam of Lord Shiva by more than 3.77 lakh pilgrims. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership others Public Policy Degree Data Science Cybersecurity MCA Technology Design Thinking Digital Marketing Healthcare Operations Management CXO Data Analytics Finance Project Management Others Product Management Artificial Intelligence PGDM MBA healthcare Data Science Management Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Escorted by CRPF and police personnel, the 23rd batch of 1,635 pilgrims, which included 1,303 men, 286 women, four children, and 42 sadhus and sadhvis, left the Bhagwati Nagar base camp here in 59 vehicles for the twin base camps in Kashmir between 3:25 am and 4:00 am, the officials said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo The first convoy, carrying 374 pilgrims in 17 vehicles, left for the shorter but steeper 14-km Baltal route in the Ganderbal district, followed by the second convoy of 1,262 pilgrims in 62 vehicles, who are undertaking the yatra via the 48-km traditional Pahalgam route in the Anantnag district, they said. Chanting "Bum Bum Bhole" and ''Har Har Mahdev'' with enthusiasm, pilgrims braved heavy rains while leaving for the cave shrine. Live Events With this, a total of 14,12,95 pilgrims have departed from the Jammu base camp for the valley since July 2, when Lieutenant Governor Manoj Sinha flagged off the first batch. Last year, more than 5.10 lakh pilgrims paid obeisance at the cave shrine, which houses a naturally formed ice lingam. The pilgrimage is scheduled to end on August 9, coinciding with the Raksha Bandhan festival .


Time of India
a day ago
- Business
- Time of India
Mann ki Baat: PM Modi lauds rising interest of youth in space, start-ups
Prime Minister Narendra Modi on Sunday lauded the growing interest among students and the youth in the field of space, science, sports and start-ups, saying the space journey of Subhanshu Shukla and the earlier launch of Chandrayaan-3 has created a new curiosity among children about space science while the stellar performance of our sportspersons has encouraged more young people to excel. These developments have led to the rise of start-ups in the two areas, he said. In his monthly 'Mann ki Baat' address, the Prime Minister said that in the last few weeks, a lot of events have taken place in the field of sports, science and culture which have made every Indian proud. "Recently, there was a lot of talk in the country over Shubhanshu Shukla's return from space. As soon as Shubhanshu landed safely on earth, people jumped with joy... a wave of happiness rippled through every heart. The entire country was filled with pride. I remember, when Chandrayaan-3 successfully landed in August 2023, a new ambience was created in the country. A new curiosity also arose among children about science and space," Modi said. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Digital Marketing Others healthcare Data Science MBA Artificial Intelligence CXO Project Management Product Management Data Analytics Design Thinking Operations Management PGDM Healthcare Finance Cybersecurity others MCA Public Policy Degree Management Technology Data Science Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details


Time of India
2 days ago
- Business
- Time of India
Udit Raj compares Rahul Gandhi to Babasaheb Ambedkar
Congress leader Udit Raj on Saturday said that Leader of Opposition (LoP) Lok Sabha Rahul Gandhi will prove to be the "second Ambedkar" for the Other Backward Classes (OBCs) if they listen to what he said during the Bhagidari Nyay Sammelan. Raj compared Rahul Gandhi to Babasaheb Ambedkar and said that the Other Backward Classes (OBCs) must support the statements made by the LoP. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Product Management Project Management MBA Management Healthcare PGDM Finance Digital Marketing Data Science Cybersecurity Data Science Others Operations Management CXO Technology Design Thinking MCA healthcare Degree Artificial Intelligence Public Policy others Data Analytics Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details " Caste census in Telangana is an X-ray of society. Rahul Gandhi aims to replicate it nationwide. His views are visionary. If Dalits and backward classes come forward, our economy will boost. The inequality that prevails in society will be reduced. If OBC understands what Rahul Gandhi said, he will prove to be the second Ambedkar for them," Raj told ANI. "OBCs will have to think that history does not give opportunities for progress again and again. They should follow and support what Rahul Gandhi said in the Talkatora Stadium conference. If they do so, then Rahul Gandhi will prove to be the second Ambedkar for them," Raj posted on X. On Friday, Rahul Gandhi acknowledged that not conducting a caste census during the UPA government was a mistake, and said he was determined to correct it. Live Events Speaking at the 'Bhagidari Nyay Sammelan' of OBC at Talkatora Stadium in Delhi, he said he failed to understand the issues of the Other Backward Classes (OBC) community earlier, unlike those of Dalits, tribals, and women, where he claimed the Congress had done commendable work. "I think about my work, where I did well and where I fell short, and I see two to three things. Land Acquisition Bill, MNREGA, Right to Food, Tribal Bill, and Niyamgiri struggle -- all these things I did well. As far as the issues of tribals, Dalits, and women are concerned, I should get good marks there. I did good work," he said. "One shortcoming remained in the Congress Party and my work, I didn't protect the OBC community the way I should have. The reason is that I didn't deeply understand the OBC issues at that time. Ten to fifteen years ago, I understood the difficulties faced by Dalits. Their issues are visible, they are easily understood, but the problems of OBCs remain hidden. If I had known about your issues and problems at that time, I would have conducted a caste-based census right then. That was my mistake, which I am going to correct," he said, adding that in a way, it's good that it happened, because if I had conducted a caste-based census back then, it wouldn't have been like it is today. He added that Dalits, backwards classes, tribals, and minorities make up 90 per cent of the country's population, yet remain excluded from key decision-making processes, including the Union Budget. Meanwhile, Congress President Mallikarjun Kharge on Friday reiterated the party's demand for a nationwide caste-based census and the removal of the 50 per cent cap on reservations. He also launched an attack on Prime Minister Narendra Modi , accusing him of denying rights to backward communities and misleading the country. "I am happy that a large number of people have gathered here and they understand their rights. Conducting a caste-based census in the country and abolishing the 50 per cent reservation limit is our demand. Narendra Modi does not want to give reservations to those who are educationally backwards, but we stand with them," Kharge said. He stressed that the voice of the OBC community will only be heard when they are elected to power.