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Housing FinanceLatest Stories

LIC Housing Finance Q3 FY26 Net Profit Drops 2.55%

NEW DELHI: LIC Housing Finance has reported a 2.55% decline in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax was ₹1,398.27 crore for Q3 FY26, down from ₹1,434.89 crore in the same quarter last year, according to a BSE filing. The company recorded a net consolidated total income of ₹7,214.28 crore for Q3 FY26, reflecting a 2.04% increase from ₹7,069.99 crore in the corresponding quarter of the previous fiscal year. Tribhuwan Adhikari, Managing Director & CEO, stated, “Our Q3 FY26 performance has been consistent, showing sequential improvement in both margins and asset quality.…

Latest StoriesRegulatory

Firms with higher profits must bear more environmental costs: SC

NEW DELHI: The Supreme Court stated on Friday that companies benefiting from their scale must also face greater environmental responsibilities, affirming an NGT ruling that fined a builder Rs 5 crore for breaching environmental regulations. A bench led by Justices Dipankar Datta and Vijay Bishnoi remarked that, in cases concerning environmental protection, the scale of a company’s operations—such as revenue or production volume—can significantly influence the determination of compensation for environmental damage. The court noted that larger operations typically result in a greater environmental footprint, leading to increased resource consumption, emissions, and waste production, ultimately intensifying environmental strain. “If a…

Latest StoriesRegulatory

FIR Filed Against Builder for Open Waterlogged Pit in Greater Noida

NOIDA: An FIR has been filed against a builder and his project manager in Greater Noida’s Rabupura district for allegedly creating a hazardous situation by leaving a large pit filled with contaminated water near a public road, which endangers public health and safety, officials reported on Friday. The FIR was registered after a sub-inspector patrolling Sector 22D of Star City on January 28 discovered a “very large and wide pit” that had been excavated close to the road leading to Kherlibhav village. According to the FIR, the pit was dug using heavy machinery and had remained filled with stagnant water…

Latest StoriesRegulatory

ED Files Supplementary Complaint Against Unnati Fortune in PMLA Case

LUCKNOW: The Lucknow zonal office of the Directorate of Enforcement (ED) has filed a supplementary prosecution complaint under Sections 44 and 45, alongside Sections 3, 4, and 70 of the Prevention of Money Laundering Act (PMLA), 2002, against Unnati Fortune Holdings Ltd (UFHL) and its promoters and directors in the court of the Special Judge for Anti-Corruption, CBI, Ghaziabad. The ED initiated its investigation based on multiple FIRs filed by the UP Police concerning UFHL and its key promoter, Anil Mithas, along with Madhu Mithas and other officials. The investigation revealed that Anil Mithas allegedly diverted around Rs 126 crore…

Latest StoriesRegulatory

Punjab & Haryana HC to Measure Road Width After PIL on S+4 Policy

GURUGRAM: On Thursday, the Punjab and Haryana High Court ordered a physical inspection of internal roads in planned residential sectors of Gurugram to assess their actual width and condition. This decision follows a public interest litigation (PIL) challenging Haryana’s stilt-plus-four (S+4) construction policy. A bench comprising Chief Justice Sheel Nagu and Justice Sanjiv Berry established a three-member panel to conduct inspections and submit a report in ten days, with the case next scheduled for hearing on February 17. The commission will include an additional advocate general (or nominee), the petitioner’s counsel, and the secretary of the district legal services authority,…

IndustryLatest Stories

Founder of Confident Group self-shoots during I-T raid in Bengaluru

BENGALURU | KOCHI: C J Roy, founder and chairman of the Confident Group real estate firm, tragically took his own life on Friday afternoon, as confirmed by Bengaluru Police Commissioner Seemant Kumar Singh. Singh stated that Income Tax (I-T) searches had been ongoing in Bangalore for the past three days. At the age of late 50s, Roy suffered a gunshot wound from his licensed firearm at his office near Richmond Circle. Staff rushed to his aid after hearing the gunshot, only to find him in critical condition. Despite immediate efforts to transport him to a hospital, he was pronounced dead…

Latest StoriesResidential

No OTS Extension: 7,200 Plot Allottees Face Recovery by March 2026

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has declined to extend the deadline for its one-time settlement (OTS) scheme. As a result, approximately 7,200 plot allottees who defaulted are at risk of recovery actions unless they settle their dues by February 28. This decision was made during YEIDA’s 88th board meeting on Friday, presided over by Chairman Alok Kumar, who is also the additional chief secretary for industrial development. Officials noted that YEIDA has previously conducted the OTS scheme seven times, and the latest opportunity, which commenced on December 1, is the final one. Of the total outstanding dues…

IndustryLatest Stories

Eldeco Infrastructure Wins SEBI Approval for IPO

NEW DELHI: Eight companies, including real estate firm Eldeco Infrastructure and Properties and Associated Power Structures, have received approval from Sebi to raise funds via initial public offerings (IPO), as reported by the market regulator on Friday. Other companies that gained regulatory consent include HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd. The eight firms filed their preliminary IPO applications with Sebi between September and October, obtaining the regulator’s observations from January 28 to 30. In regulatory terms, this observation signifies clearance to proceed with a public issue. Eldeco Infrastructure and…

Latest StoriesRegulatory

Gurugram Properties Registered Despite Ban; Officials Investigated

Sure! Here’s a rewritten version of the content in a more concise format: GURUGRAM: Revenue officials in Gurugram have been accused of violating laws and official directives by conducting questionable property registrations despite a ban imposed by the Town and Country Planning Department (TCP). The case involves the Bristol Hotel-cum-commercial complex on MG Road, where a property registry was executed on December 29, 2025, allegedly against TCP instructions. As a result, TCP Director Amit Khatri has suggested legal action against Naib Tehsildar Narendra for registering the deed with malicious intent, as outlined in a letter dated January 29 addressed to…

CommercialLatest Stories

WeWork India Adds 3,300 Desks in Hyderabad with ₹100 Cr Investment

NEW DELHI: WeWork India Management has signed a lease agreement to enhance its footprint in Hyderabad, adding a total of 250,348 sq ft. This planned expansion aims to introduce approximately 3,300 desks, with operations anticipated to begin by June 2026. The initiative involves an estimated investment of ₹100 crore, which will be sourced from a mix of debt and internal funds, according to the company. The company currently runs 121,638 desks with an impressive overall utilization rate of 83.9%, highlighting robust occupancy levels in its portfolio. The firm reported a revenue of ₹640.3 crore for Q3 FY26, reflecting a 27%…