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Author Archives: Loknath Das

DHFL lent Rs 2,186 crore to Sunblink Real Estate with links to Iqbal Mirchi; under ED scanner

Dewan Housing Finance Limited has come under the scanner of Enforcement Directorate (ED) after the federal probe agency found that a loan given by them reached the D-company in Dubai. Top sources within the agency maintain that investigators are reviewing the documents and soon DHFL will be called for questioning for giving loans to Sunblink Real Estate Private Limited which ... Read More »

SBI launches contactless mobile payment facility for credit card holders

The SBI Card on Wednesday launched ‘SBI Card Pay’, a payment feature based on Host Card Emulation (HCE) technology for faster, convenient and more secure card payments using mobile phones. “SBI Card Pay is aimed at redefining the payments experience for our customers. Using cutting-edge technologies such as HCE. We want to provide seamless yet swift payments at a speed ... Read More »

Severe cash crunch in real estate leaves beleaguered banks exposed

India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks. A slump in the residential property market is leaving many builders struggling to repay loans to shadow lenders – housing finance firms outside the regular banking sector that account for ... Read More »

Post-paid mobile services likely to resume in Kashmir from Saturday

Travel association bodies had said that no tourist would like to come to the Valley where no phones are working. Tourists seen near the Dal Lake after the Centre withdrew its advisory asking tourists to leave, in Srinagar, Thursday, October 10, 2019PTI Post-paid mobile services in Kashmir are likely to resume from Saturday, 68 days after they were shut down ... Read More »

What to watch: Indiabulls Real Estate, IB Ventures: Buyback eyed

The respective boards of Indiabulls Real Estate and Indiabulls Ventures will meet on Friday to consider a buyback proposals. In the past three months, shares of Indiabulls Real Estate and Indiabulls Ventures tanked 64 per cent each. Shareholders would be keen to know the price (premium over current value), quantity and quantum of shares to be bought back. The mode ... Read More »

‘Call of Duty: Mobile’ smashes PUBG record with 100 million downloads in first week

The mobile version of videogame franchise “Call of Duty” racked up 100 million downloads in its first week, industry site Sensor Tower said on Tuesday, dwarfing the debuts of previous smashes including “Fortnite” and “PlayerUnknown’s Battlegrounds” (PUBG). PUBG, Fortnite and Electronic Arts’ “Apex Legends” scored 26.3 million, 22.5 million and 25 million respectively in their first week of release. “This ... Read More »

Samsung ends mobile phone production in China as it expands facility in India

Seoul: Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market. The shutdown of Samsung’s last China phone factory comes after it cut production at the plant in Huizhou in June and suspended another factory late last year, underscoring stiff competition in the country. ... Read More »

Commercial real estate defying the slowdown in small towns too

A significant role is being played by commercial real estate now for setting the pace for retail revolution in the country. Over the past 2-3 years, the real estate sector in India has undergone a massive transformation and we have witnessed upswing in the sector due to the introduction of various policies by the Central government and the arrival of ... Read More »

Stock market update: Realty shares dip; Indiabulls Real Estate tanks 10%

NEW DELHI: Realty shares were trading with losses in Monday’s morning session. Shares of Indiabulls Real Estate (down 10 per cent), Oberoi RealtyNSE -3.52 % (down 4.32 per cent), DLFNSE -3.95 % (down 2.43 per cent) and Sobha (down 2.26 per cent) were trading in the red. Sunteck Realty (down 2.24 per cent), Godrej Properties (down 2.08 per cent), Prestige Estates Projects (down 1.71 ... Read More »

Private banks, finance entities see no problem of liquidity: Nirmala Sitharaman

Finance minister Nirmala Sitharaman (File photo: PTI) NEW DELHI: Private sector banks have said that there is no problem of liquidity and enough demand for loans exists, finance minister Nirmala Sitharaman said on Thursday, while asserting that the economy will revive in second half of the financial year as consumption takes off and banks raise their lending. “On the whole, it was ... Read More »