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Tag: report

Mumbai Achieves Best: Mumbai achieves best in 11-year property sale registrations in 2023: Report
31Dec By adminNo Comments
Business

Mumbai Achieves Best: Mumbai achieves best in 11-year property sale registrations in 2023: Report

NEW DELHI: Mumbai recorded the best in 11 years the total property sale registrations in 2023. This resulted in the best year since 2013 for property sales for this region surpassing last year's peak by 4 per cent, data compiled by real estate consultant Knight Frank India showed.In 2023, the Mumbai city area which falls under Brihanmumbai Municipal Corporation (BMC) jurisdiction, recorded total registrations of 127,139 real estate properties.According to Knight Frank India, the total value of stamp duty collected in 2023 was to the tune of Rs 10,889 crore, which was also a new 10-year high recording and a year-on-year growth of 22 per cent. Over 12,487 property registrations, contributing to Rs 952 crore to the state government revenues were recorded in December.While registrations showe...
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Union Territories: 13 states, UTs among ‘achievers’ in logistics performance index: DPIIT report
16Dec By adminNo Comments
Business

Union Territories: 13 states, UTs among ‘achievers’ in logistics performance index: DPIIT report

NEW DELHI: Andhra Pradesh, Karnataka, Tamil Nadu, Chandigarh, and Gujarat are among the 13 states and Union Territories that have again been categorised as "achievers" in the logistics index chart 2023, according to a report released by the commerce and industry ministry on Saturday. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. As against 15 states and UTs, this year the number has reduced to 13 as Himachal Pradesh and Uttarakhand have slipped into "aspirers" and "fast movers" categories, respectively, this year. Steps taken by Sikkim and Tripura have helped them move up the ladder to the "achievers" category from "fast movers" in 2022. The other states and UTs in the "achievers" category are Delhi, Assam, Hary...
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FIR filed in Mahadev betting case, Dabur Group’s Burmans deny charges
14Nov By adminNo Comments
Business

FIR filed in Mahadev betting case, Dabur Group’s Burmans deny charges

The Burman family, which runs Dabur Group, has denied any involvement or role in an illegal cricket-betting app as alleged by the Mumbai police in a complaint filed last week. The family said vested interests were behind the police complaint and they wanted to scuttle their (Dabur’s) move to acquire Religare Enterprises, a financial services company. “We have not received any formal communication on any such FIR (first information report). However, we have seen the FIR, which is being circulated to media houses. The FIR is patently false and baseless. Nothing could be further from the truth than what has been wrongly stated in the FIR,” said a spokesperson for the family, referring to the police document. According to the FIR, file...
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New report shows scrapping of UK tax-free shopping deterring two million tourists a year – Business Traveller
5Aug By adminNo Comments
Travel

New report shows scrapping of UK tax-free shopping deterring two million tourists a year – Business Traveller

A new report by the Centre for Economics and Business Research (CEBR) shows what it says are the “clear economic benefits associated with a VAT refund scheme”. The report concludes that the scrapping of the UK tax-free shopping scheme in 2021 following Brexit is having the effect of deterring two million tourists a year, resulting in £10.7 billion in annual lost GDP. In September last year, then UK Chancellor Kwasi Kwarteng confirmed plans to reintroduce tax-free shopping for overseas visitors, as part of his doomed “mini budget”. But this was quickly scrapped by his replacement Jeremy Hunt, who said “not proceeding with this scheme is worth around £2 billion a year”. The Digital, Culture, Media and Sport (DCMS) Committee subsequently published its own report calling the move “short-sigh...
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ICICI Q1 profit zooms 40% to Rs 9,648 crore, Kotak jumps 67%
23Jul By adminNo Comments
Business

ICICI Q1 profit zooms 40% to Rs 9,648 crore, Kotak jumps 67%

MUMBAI: ICICI Bank has reported a record net profit of Rs 9,648 crore in Q1-2024—a 39.7% increase from Rs 6,905 crore in Q1-2023.Meanwhile, Kotak Mahindra Bank exceeded analyst estimates to report a 67% jump in standalone net profit at Rs 3,452 crore for the June quarter. On a consolidated level, the profit grew 51% to Rs 4,150 crore. Another private lender, Yes Bank, said its net profit rose 10.3% to Rs 342 crore.ICICI Bank’s jump in profits followed an 18.1% year-on-year growth in total advances to Rs 10,57,583 crore on June 30, 2023. Despite the first quarter being slow for loan growth, the bank’s advances book has grown 4% sequentially.The bank’s deposits grew 17.9% year-on-year and 4.9% sequentially to Rs 12,38,737 crore. The share of fixed deposits increased, rising 25.8% year-on-ye...
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