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BCC fines L&T Rs 210 mn for delayed Belagavi Water Project
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PNB Housing Reports 43% Profit Surge in Q3 FY25
NB Housing Finance has posted a robust 42.79% growth in its net consolidated profit for the quarter ending December 31, 2025. The company reported a profit after tax (PAT) of Rs 4.83 billion in Q3 FY25, compared to Rs 3.38 billion in the same quarter of the previous fiscal, according to a BSE filing. Its net consolidated total income rose by 10.66% to Rs 19.43 billion from Rs 17.56 billion recorded in Q3 FY24. Highlighting the growth in the affordable segment, Girish Kousgi, Managing Director & CEO, said, "Our affordable segment is performing well and has delivered robust disbursement growth o..
YEIDA Plans 10 Sectors, Fintech City, Global Hubs
The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a massive land acquisition initiative to support residential, industrial, and international development projects. The acquisition spans 10 new sectors in the Yamuna region and key areas in Aligarh, aiming to establish a fintech city, logistics park, and dedicated zones for Japanese and Korean cities. YEIDA has proposed acquiring over 3,500 hectares in Gautam Buddha Nagar (GB Nagar) and 1,600 hectares in Aligarh. A social impact assessment (SIA) will be conducted for the Aligarh acquisition, with Gautam Buddha Universit..
CBIC Eliminates 18% GST on Rent for Small Taxpayers
In a relief for small taxpayers under the composition scheme, the Central Board of Indirect Taxes and Customs (CBIC) has eliminated the 18% GST on rent when leasing premises from property owners not registered under GST. This decision, applied retrospectively from October 10, 2024, is set to significantly benefit restaurants, small traders, and service providers in the sector. Previously, tenants registered under GST had to pay 18% GST through the reverse charge mechanism (RCM) when renting from unregistered property owners. Industry experts criticized the move, highlighting the strain it plac..
