Shriram Properties Q1 profit down 46% to Rs 11 cr

Shriram Properties faced a significant profit decrease of forty-six percent in the June quarter, largely affected by rising operational expenses and taxes. Nevertheless, the company recorded a slight increase in total income to Rs 271.04 crore and experienced a ten percent rise in sales bookings to Rs 484 crore. Their project pipeline remains strong, extending…

Black Box Q1 net profit up 18% to Rs 56 crore

Black Box has announced a remarkable eighteen percent rise in profits for the June quarter, attributed to a solid order book and growth in its Brazilian sector. Revenue from operations surged to Rs 8,986 crore, a significant eighty-three percent increase, achieving a record quarterly revenue of Rs 1,719 crore. Plans are underway for Black Box…

RBI issues directions on fixed, floating rate loans: What changes for home, personal, MSME loans and existing borrowers

The Reserve Bank of India has proposed a new framework for loan interest rates. This framework aims to bring more uniformity and transparency to lending practices. Floating rate loans will see increased transparency and stricter reset periods. Personal and MSME loans from commercial banks must link to external benchmarks. These proposed changes are expected to…