Gold
CEO Assures Completion of Srinagar Smart City Projects in 45 Days
Solar financier Aerem acquired Spinkraft Ventures; establish platform
Aerem, an Indian solar financing firm, has acquired Spinkraft Ventures, a solar equipment distributor, to establish a comprehensive platform covering the entire solar energy value chain, aiming to become India's sole full-stack platform for solar solutions.
The financial details of the acquisition were not disclosed by the company. Founded in 2021, Spinkraft Ventures specialises in the sales and distribution of solar products across India. By integrating Spinkraft into its operations, Aerem seeks to utilise its distribution capabilities to offer complete solar solutions to customers.
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
Rains in Belagavi show shortfalls in the Smart City Project
The Smart City project in Belagavi has been affected by the continuous rain for one hour every day for three days. Mere hourly rain has exposed the state of infrastructure, with garbage disposal, roads, and drainage systems being affected the most. The torrential weather highlights citizens' concerns about the lack of a scientific drainage system.
For almost an hour, commercial complexes and houses in Belagavi were flooded. This included Maruti Galli, Kadolkar Galli, Khanjar Galli, Pangul Galli, Bhendi Bazaar, Old PB Road, and the Shahpur area. Immense damage elsewhere was reported...
Smart City work near Caculo Mall may miss May 31 target
The Imagine Panaji Smart City Development (IPSCDL) seems to be considering skipping the smart road work from Caculo Mall to the Tonca sewerage treatment plant (STP) due to practical challenges, despite the May 31 deadline for completing all ongoing smart city work in Panaji.
According to IPSCDL, the cumulative target for completing all road works and making the road functional is May 31. However, they mentioned that this particular stretch might take a "little longer" to finish. IPSCDL stated that major challenges have been encountered in drilling due to the depth of sewerage works al..
