HDFC exits Bengaluru project with Rs 2.98 bn return

ArisUnitern Joins Essem 18 to Boost Real Estate

ArisUnitern has announced a strategic partnership with real estate developer Essem 18 to offer comprehensive development management services. This collaboration aims to bolster Essem 18's expansive portfolio of real estate projects with a focus on securing last-mile financing and enhancing sales and marketing efforts.

In the initial phase of the partnership, ArisUnitern will support Essem 18's 18-acre plotted development project in Shettigere, Bengaluru. This effort will include securing Rs 400 million in working capital to ensure the project's expedited completion.

This collabor..

Bengaluru Civic Body Chases Rs.7.111 Bn in Unpaid Property Taxes

The Bengaluru civic body is actively pursuing unpaid property taxes amounting to ?7.11 billion from more than 3.60 lakh properties across the city. This massive sum reflects a substantial accumulation of outstanding dues owed to the municipal authorities.

According to recent reports, despite repeated reminders and notices, a large number of property owners have yet to settle their tax obligations. This delay has prompted intensified efforts by the civic body to recover these funds, crucial for sustaining urban infrastructure and service provisions.

Officials have underscored the ..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm

The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.

The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..

KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support

The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.

According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..