Latest news with #Rs42
Hans India
4 days ago
- Business
- Hans India
DLF-Trident Realty sells 416 flats in Mumbai for Rs 2,300cr
New Delhi: India's largest realty firm DLF Ltd and Trident Realty have sold all 416 flats for around Rs2,300 crore in a luxury residential project in Mumbai on high demand. In a regulatory filing on Friday, DLF said that the entire 416 units launched in the first phase of 'The Westpark' project has been sold for Rs2,300 crore in less than a week. DLF arm DLF Home Developers Ltd is developing this project at Andheri West in partnership with Trident Realty. 'Our entry into Mumbai represents a significant strategic milestone for DLF,' said Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd. 'Mumbai has always been a key component of our national growth strategy, and with the launch of The Westpark, we are proud to offer a development that resonates with the aspirations of the city's discerning residents,' he added. DLF and Trident Realty will invest around Rs900 crore to develop this luxury housing project at Andheri (West). The company launched the first phase of this 5-acre project in a price range of Rs42,000 per sq ft to Rs47,000 per sq ft. It sold flats in a range of Rs4 crore to Rs7.5 crore. In July 2023, DLF had announced its re-entry in Mumbai market by partnering with NCR-based builder Trident group. Then, DLF had said that the company would hold a 51 per cent stake in the special purpose vehicle (SPV) which will develop this project.
Time of India
5 days ago
- Politics
- Time of India
City to Get New DCP, 2 ACPs To Police Zone 6
Nagpur: With an eye on Nagpur's expanding city limits and rapidly growing population, the state government has approved the formation of a new police zone — Zone six — under the Nagpur city police commissionerate. While the demarcation of zone six is awaiting govt nod, the additional posts were created this year. The proposal, initiated by commissioner Ravinder Singal, aims to improve law and order enforcement across the city's eastern belt, particularly in the Kalamna and Pardi divisions, which will now fall under this new zone. At present, city police have posts of 10 DCPs and 21 ACPs. The Maharashtra government has sanctioned the creation of three new posts to support the formation of Zone 6 — one deputy commissioner of police (DCP) and two assistant commissioners of police (ACP) each for Kalamna and Pardi divisions. The government has also approved a recurring expenditure of Rs42 lakh and non-recurring expenditure of Rs40.9 lakh for these posts, with the directive that the amount be drawn from the existing sanctioned grant for the financial year.
Hans India
6 days ago
- Business
- Hans India
Big-ticket deals help Infy raise guidance for FY26
Infosys posted a sound set of first quarter numbers as it recorded strong sequential growth in revenues with robust deal Bengaluru-headquartered company increased the lower end of its revenue growth guidance for FY26 to 1-3 per cent from 0-3 per cent earlier. In the April-June quarter, Infosys reported an 8.7 per cent increase in its consolidated net profit to Rs6,921 crore. Its revenue stood at Rs42,279 crore, a rise of 7.5 per cent over the same period of last year. In dollar term, revenue was at $4.94 billion, an increase of 2.6 per cent sequentially in constant currency term. 'Our growth in Q1 was broad-based. Our large deal wins stood at $3.8 billion. A large driving factor is our success in enterprise AI (implementation). The economy worldwide has come to a stable situation, but it is not fully settled. As we get closer, we narrowed our guidance keeping in mind the changes seen in the US and Europe,' Salil Parekh, CEO of Infosys, said in the post results press conference. 'We have benefited from deployment of AI agents and from consolidation (deals) that clients have looked at us and being positive,' he added. For the quarter, operating margin of Infosys was at 20.8 per cent, a dip of 20 basis points from previous quarter. The company maintained its operating margin guidance of 20-22 per cent for the whole financial year. 'We continue to leverage Project Maximus to make investments in strategic priorities to drive profitable growth,' JayeshSanghrajka, Chief Financial Officer of Infosys, said. During the June quarter, financial services vertical grew 5.6 per cent YoY basis, while manufacturing vertical rose 12.2 per cent. Energy vertical saw a growth of 6.4 per cent, while retail grew marginally at 0.4 per cent.
Express Tribune
18-07-2025
- Business
- Express Tribune
NED gets new boys, girls' hostels
Sindh Chief Minister Murad Ali Shah emphasised his government's dedication to higher education, digital empowerment, and youth development through pioneering initiatives such as the People's Information Technology Programme (PITP). He said this while addressing inauguration ceremony of newly constructed buildings at NED University and distribution of Chromebooks for top performers of PITP on Friday. CM Shah announced that Sindh has allocated Rs42 billion for public sector universities in the current financial year — the highest among all provinces — to support operational needs, research, infrastructure, and innovation. The CM also inaugurated two major infrastructure projects at NED University — the new building for the Department of Food Engineering, equipped with advanced laboratories for Rs96.48 million, and the International Boys Hostel, which accommodates 112 students and was funded with Rs67.11 million. Additionally, a dedicated Girls Hostel block for 52 female students, funded with Rs98.52 million, was recognised as a step towards promoting gender inclusivity in engineering and technical education. PITP PITP has succeeded in partnership with NED University, Mehran University of Engineering & Technology (MUET), and Sukkur IBA. Notably, 13,565 students trained under PITP-I surpassed expectations, exceeding targets, the CM said. Of these, 4,353 graduates have secured employment, contributing Rs49 million in direct income to the provincial economy. CM Murad appreciated the notable female participation, being 40 per cent at Sukkur IBA, 36 per cent at NED, and 33.6 per cent at MUET, with 62 per cent of MUET students coming from rural backgrounds, underscoring the programme's inclusive approach. The CM distributed 300 Google Chromebooks / laptops to the top-performing PITP students through a transparent and merit-based selection criterion. He stressed that the selection process was completely merit-based, transparent, and tailored for each institution.
Time of India
11-07-2025
- Time of India
Complainant's aide among 4 held for Rs1.5 crore robbery in Dhule
Nashik: The Dhule police have arrested four people, including the associate of the complainant, in connection with the robbery of Rs1.5 crore that occurred in the early hours of Sunday on Mumbai-Agra Road. A search is under way for five more suspects. Two drivers, Kalpesh Patel and Bharatbhai Bhalia, employed by a Surat-based businessman dealing in agriculture and spices, were responsible for collecting cash from various parts of the country and delivering it in Mumbai in an SUV. While en route to Mumbai from Lucknow, the duo was allegedly robbed of Rs1.5 crore in cash by eight unidentified individuals at Purmepada village under the jurisdiction of Dhule Taluka police station around 5am on Sunday, police said. Patel filed a complaint with the Dhule Taluka police, following which an FIR was registered for the offences punishable under sections 310 (dacoity), 126 (wrongful restraint), and other sections of the Bharatiya Nyaya Sanhita. "We rushed to the incident spot and started the investigation under the guidance of SP Srikant Dhivare. Two separate teams were sent to Mumbai and Lucknow," police inspector Dhananjay Patil said. At the time of taking statements from Patel and Bhalia, the latter suddenly left the police station and went somewhere, he said. "The next day, we got information that Bhalia was at his home in Surat. We went there and conducted an enquiry during which he confessed to his involvement in the robbery and gave away the names of three robbers he knew. Bhalia was arrested," Patil said. Police then traced the other three accused in Surat, arrested them, and recovered Rs42 lakh from their homes. The arrests were made on Wednesday and, upon being produced before a court, the four were remanded in police custody until July 16, Patil said.
