Government to entities accountable for unsolicited calls
The government has proposed holding accountable banks, insurance firms, real estate developers, brokers, and other entities, including agencies engaging in 'pesky calls' on their behalf, for contacting individuals through unregistered telephone numbers regulated by the Telecom Regulatory Authority of India (Trai). This represents the latest effort by the government and the telecom regulator to tackle the persistent issue that they have struggled to control for over two decades, despite previous initiatives such as the now-defunct 'do not disturb' service. Although Trai has discussed measures t..
South Korea Boosts Real Estate Restructuring
South Korea has intensified its scrutiny of real estate transactions as part of efforts to expedite the restructuring of the sector. This move reflects the government's determination to address long standing issues in the real estate market and promote stability and transparency.
The increased scrutiny aims to identify irregularities and speculative activities that may undermine the stability of the real estate market. By enhancing monitoring and enforcement measures, South Korea seeks to create a more transparent and efficient real estate environment conducive to sustainable growth.
DLF's Q4 FY24 Net Profit Surges
DLF, one of India's leading real estate developers, has announced a significant surge in its net profit for the fourth quarter of fiscal year 2024, marking a substantial growth of 61.49%. This robust financial performance underscores DLF's resilience and effective management amidst challenging market conditions.
The surge in net profit reflects DLF's successful implementation of strategic initiatives and prudent financial management, contributing to its bottom line growth. The company's ability to adapt to evolving market dynamics and capitalise on emerging opportunities has played a p..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..
Warburg Pincus Acquires Shriram Housing Finance
Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.
Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..