Real Estate
HSBC Sees 26% Profit Drop to $15.8B Due to China and Real Estate Challenges
HSBC Holdings reports a 26% decline in profit, largely due to losses in China and deteriorating real estate conditions in Hong Kong. CEO Georges Elhedery outlines strategic shifts to navigate the tough economic landscape.
Real Estate Mumbai
Mumbai Faces Rs 1,127 Crore Cyber Fraud Loss: A Call for Urgent Reforms
Mumbai residents lost a staggering Rs 1,127 crore to cyber fraud over a 15-month period, with 85% of the losses attributed to cyber-cheating. The city’s authorities are now urging for stricter measures to combat the rising tide of digital fraud.
Real Estate Mumbai
Aditya Birla Real Estate Reports Rs 27 Crore Loss in Q1, Income Plummets 55%
Aditya Birla Real Estate Limited (ABREL) reported a significant net loss of Rs 27.08 crore in the first quarter of FY26, a stark contrast to the Rs 17.35 crore profit recorded in the same period last year. The company’s total income also fell by 56.9%.
Real Estate
Aditya Birla Real Estate Reports Q1 FY26 Net Loss of ₹27 Crore
Aditya Birla Real Estate (ABREL) announced a net loss of ₹27 crore in the first quarter of FY26, a significant decline from the net profit of ₹17.35 crore in the same period last year. The company also reported a drop in total income.
real estate news
Aditya Birla Real Estate: Share Price Plummets 6% Following Net Loss in Q1FY26
Aditya Birla Real Estate (ABREL) shares fell sharply after the company reported a significant net loss in the first quarter of the fiscal year 2026. Despite long-term gains, the stock has faced recent volatility.
real estate news
Bengaluru: Construction Sector Slams the Brakes as OC Mandate Takes Effect
The Karnataka government's new mandate for an Occupancy Certificate (OC) for new water and electricity connections is causing a significant slowdown in the construction and real estate sectors. The rule is affecting thousands of buildings and construction sites, leading to concerns about job losses and economic impacts.