Realty firm Godrej Properties on Monday said it has acquired a 7-acre land in Bengaluru to develop a luxury housing project with an estimated revenue of Rs 1,200 crore.

In a regulatory filing, the company informed about the acquisition of around 7 acres of land in Thanisandra, North Bengaluru on an outright basis.

The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of the withdrawn notes are still with the public.

On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation.

Beginning July 1, credit card users will be unable to make repayments on third party fintech applications for banks that have not come on board Bharat Bill Payments System (BBPS).

Many players that Business Standard spoke to said they will pause credit card payment for banks that have not gone live.

Some of the fintechs that will get impacted include Cred, Paytm, Phonepe and Amazon Pay, among others.

Maharashtra Deputy Chief Minister Ajit Pawar on Friday announced a financial assistance scheme entailing a monthly allowance of Rs 1,500 to eligible women in the age group of 21 to 60 years in the state Budget for 2024-25.

Pawar, who holds the finance portfolio, said in his budget speech in the assembly that the scheme, "Mukhyamantri Majhi Ladki Bahin Yojana", will be implemented from July, four months ahead of the state polls which are due in October.

ITC Ltd has achieved a significant milestone, surpassing Britannia Industries to claim the title of India's second-largest listed packaged foods company by sales, trailing only behind Nestle, reported The Economic Times (ET).

According to its latest annual report, ITC's foods business recorded consolidated sales of Rs 17,194.5 crore for the fiscal year ending March 31, 2024.

Consumer spending on telecom services, including taxes, is set to surge by around Rs 47,500 crore annually, spurred by substantial tariff hikes from India's leading telcos and elevated rates for users embracing 5G services, reported The Economic Times (ET).

Reliance Jio and Bharti Airtel have taken decisive measures to effectively monetise 5G, significantly raising costs for consumers seeking premium next-generation mobile broadband.

Former Andhra Pradesh (undivided) Congress president D Srinivas died here on Saturday, his son and Nizamabad MP D Arvind said. He was 76.

Srinivas had been unwell for the past few days, family sources said.

He was the PCC president during the 2004 and 2009 assembly and general elections. He was also a minister in former Chief Minister YS Rajasekhar Reddy's cabinet.

Byju Raveendran, the founder of the beleaguered ed-tech firm Byju's, put himself on a pedestal and stopped listening to anyone, said Gaurav Munjal, the chief executive officer of edtech firm Unacademy.

Munjal highlighted the importance of ‘blunt feedback’. In a post on X, he alleged that Byju’s founder stopped listening and failed to have people who could give him the right feedback.

To boost participation of small investors in the securities market, Sebi on Friday increased the threshold for the basic service demat account to Rs 10 lakh from the current Rs 2 lakh.

The new guidelines will come into force from September 1, the Securities and Exchange Board of India (Sebi) said in a circular.

The Economic Offences Unit (EOU) of Bihar Police on Thursday arrested four persons, including three from West Bengal, in connection with the constable recruitment examination question paper leak on October 1, 2023, leading to its cancellation by the Central Selection Board of Constables (CSBC) on October 3.

The arrested persons are Kaushik Kumar Kar and Sanjay Das, both residents of North 24 Parganas, West Bengal, and Suman Bishwas from Kolkata. Another arrested person, Saurabh Bandhopadhay, hails from Lucknow, Uttar Pradesh.

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