Mon, Jun 17, 2024 7:32 PM
US stocks open lower with data, Fed comments in focus
A Flip by Riya Sharma
The KRERA has ordered Embassy One Developers Pvt Ltd to pay Rs 4.2 cr in delayed compensation to homebuyers for failing to deliver possession 5 years after the agreed handover date. The homebuyer had paid Rs 7.8 crore for the apartment in 2016, with a promised handover date of 2018. The developer will also pay interest for further delay in completing the project, as per Section 18 of the RERA Act.
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Two-wheeler stocks TVS Motor and Bajaj Auto have seen significant growth, with Bajaj outperforming TVS with a 39% year-to-date gain. Despite volatility, both stocks have hit record highs and given multibagger returns over the past year. TVS has emerged as the winner in the long term, with a 281% surge over three years, while Bajaj has rallied 125%. Earnings and revenue growth also favor TVS Motor.
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Satin Creditcare, a microfinance lender, plans to raise Rs 10,000 crore in debt in 2024-25, a 25% increase from the previous year. The lender also aims to expand its branch network by opening 300 new branches, focusing on northeastern states, and targets a 25% growth in assets under management (AUM) to reach Rs 13,000 crore. This comes after reporting a profit of Rs 430 crore in FY24 with return.
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