Related Posts

Ludhiana Civic Body Set to Take Over GLADA Colonies and Sites

LUDHIANA: The Ludhiana municipal corporation (MC) is currently pursuing plans to take over colonies and sites from the Greater Ludhiana Area Development Authority (Glada), even as efforts to acquire areas from the Ludhiana Improvement Trust (LIT) continue. Glada has been attempting to complete the takeover for over ten years but has faced numerous challenges. MC officials have stated they are holding discussions and will soon make a decision at the house level. The Greater Ludhiana Area Development Authority has proposed to transfer several schemes and areas, including Sector 32A, Sanjay Gandhi Colony (25 acres), sectors 33 and 38, Chandigarh Road…

Ashiana Housing Q2 FY26 Net Profit at ₹27.54 Crore

NEW DELHI: Ashiana Housing has reported a consolidated net profit of ₹27.54 crore for the quarter ended September 30, 2025, rebounding from a loss of ₹7.55 crore recorded in the same period last year, according to the company’s filing with BSE. The company’s consolidated total income reached ₹176.18 crore in Q2 FY26, marking a remarkable increase of 195.95% from ₹59.53 crore in the corresponding quarter of the previous year. As of September 30, 2025, Ashiana’s net worth was recorded at ₹790.42 crore, with a debt-equity ratio of 0.42, and a current liability ratio of 0.87. Additionally, total debts to total…

LIC Targets Higher Returns from Real Estate Investments

MUMBAI: Life Insurance Corporation (LIC) plans to enhance the yield on its real estate assets, valued at Rs 16,000 crore post-revaluation and over Rs 45,000 crore in market value. While officials noted that real estate generally provides a yield of 3-4%, capital gains remain significantly higher. Additionally, LIC has paused its plans to acquire a strategic stake in a health insurance company. During a press conference following the board meeting, MD & CEO R Doraiswamy stated that LIC will take a cautious approach towards its previous intention to enter the health insurance market, a plan initiated by his predecessor. “We…