NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
DUBAI: Dubai residential property prices rose in April-June for a second straight quarter as demand picked up after the pandemic, consultancy Knight Frank said on Tuesday, although average prices are still 26% below the last market peak six years ago. Average transacted prices rose by almost 1% in the second quarter of this year, following […]
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Introduction Construction activities lead to remarkable impacts on the global economy (Ahmad et al. 2019; Wells 1985), environment (Huang et al. 2018), and society (Zhang et al. 2019). Accordingly, these impacts have often been assessed from the holistic point of view of sustainability since this concept was defined as the coexistence of economic, environmental, and social issues (Kaur
The Uttar Pradesh chapter of the National Real Estate Development Council (NAREDCO) said that real estate projects in the state could be delayed by two years due to COVID-19. According to R K Arora, Chairman Supertech Group and President of NAREDCO-UP, real estate projects provide employment and consume products of about 250 types of industries
Real estate projects face delay of two years: NAREDCO-UP Read More »
SpiceJet and Go First airlines have borrowed Rs 127.51 crore and Rs 25.65 crore, respectively under the Emergency Credit Line Guarantee scheme started by the Centre to provide assistance to Covid-affected businesses, Minister of State for Civil Aviation V K Singh said on Wednesday. While Go First, previously known as GoAir, borrowed the amount under
SpiceJet borrowed Rs 127.51 crore Go First Rs 25.65 crore under ECLGS scheme: Govt Read More »
About 65.5 per cent of second dose eligible beneficiaries aged 18 years and above have received the second dose of Covid vaccine as per CoWIN portal, the health ministry said on Wednesday. Responding to a question of Rajya Sabha MP M V Shreyams Kumar, Minister of State for Health Bharati Pawar said as on July
The Indian beer industry has yet again been negatively impacted with the onset of the second wave of COVID-19 and the outlook is volatile, according to leading player United Breweries. After the second wave of the pandemic, several state governments and local authorities had imposed lockdowns to contain the spread of COVID-19 and restrictions started
Second COVID wave hits Indian beer industry outlook is volatile: UBL Read More »
More than 70% of people in eight of India’s large states are estimated to have COVID-19 antibodies, a government survey showed on Wednesday, suggesting that a second surge in infections affected many more people than the reported figures. The survey, which tested a sample of the population for the presence of COVID-19 antibodies, was conducted
Majority in India’s big states with COVID-19 antibodies: Survey Read More »
JSW Cement, part of the USD 13 billion JSW Group, on Wednesday announced a deal to raise Rs 1,500 crore from two global private equity investors – Apollo Global Management Inc and Synergy Metals Investments Holding. The company will issue convertible preference shares (CCPS) to the two global equity investors to raise the amount, which
JSW Cement to raise Rs 1500 cr from Apollo Global Management Synergy Metals Read More »
Provisions and contingencies stood higher at Rs 641.83 crore, against Rs 394.62 crore in the year-ago period. The provision coverage ratio (including technical write-offs) was strengthened substantially and stood at 78.66%. Federal Bank on Friday reported an 8.3 % year-on-year (y-o-y) decline in its net profit to Rs 367.29 crore for the first quarter of
Federal Bank Q1 net falls 8.3% on higher provisioning Read More »
Provisioning declined 41% year on year (YoY) and 88% sequentially to Rs 644 crore. The net interest income (NII) fell 26% YoY to Rs 1,908 crore, but rose 42% sequentially. Yes Bank on Friday reported a 360% year-on-year jump in its net profit to Rs 207 crore for the June quarter, on the back of lower provisions and higher
Yes Bank June quarter net jumps 360% on lower provisions higher other income Read More »
Our provisioning policy continues to be very conservative so that the balance sheet remains strong. Federal Bank reported an 8.3% year-on-year decline in its net profit for the first quarter. Following are excerpts from a post-result virtual press meet by Shyam Srinivasan, MD & CEO. Provisioning is seen higher for the quarter. Are the slippages
No lumpy slippage gives us confidence: Shyam Srinivasan MD & CEO Federal Bank Read More »
The bank claims to have made higher than required provisioning due to change in policy for non-performing advances. Private lender ICICI Bank on Saturday reported a 78% year-on-year (y-o-y) jump in its net profit to Rs 4,616 crore during the June quarter (Q1FY22). The bank was able to report a strong bottomline mainly on account
Q1 Performance: ICICI Bank net profit surges 78% to Rs 4616 crore Read More »