Max Estates, M3M Group Lead Noida Commercial Land Auction

24 Jan 2025 CW Team

Max Estates and M3M Group have emerged as top bidders in the Noida Authority's commercial land auction, which generated over Rs 15 billion.

Max Estates secured the largest plot of 41,835 square meters for Rs 7 billion. Notably, 40% of the plot is designated for residential development. Meanwhile, M3M India acquired a 23,570-square-meter plot for Rs 4 billion.

The auction also saw Mangalam Group winning a 24,000-square-meter plot for Rs 4 billion, while Vertex Construction secured a smaller 812-square-meter parcel.

The auction highlights the growing demand for commercial land in Noida, driven by prominent developers aiming to capitalise on the city's development potential.

(ET)

Infrastructure Urban

17 Jun 2025

Former RBI Deputy Governor B.P. Kanungo Joins IIFL Finance Board

IIFL Finance Ltd, one of India鈥檚 leading retail-focused non-banking financial companies (NBFCs), has announced the appointment of Shri B.P. Kanungo, former Deputy Governor of the Reserve Bank of India (RBI), as an Independent Director on its Board. With nearly four decades of distinguished service at the RBI, Shri Kanungo brings extensive experience across core areas of central banking, including currency management, foreign exchange regulation, payment and settlement systems, debt and reserve management, financial inclusion, IT governance, and consumer protection. During his tenur..

Infrastructure Urban

17 Jun 2025

Tanla Strengthens Board with Appointment of Audit and Governance Expert Sunil Bhumralkar

Tanla Platforms Limited (NSE: TANLA; BSE: 532790), a leading global CPaaS provider, today announced the appointment of seasoned audit and governance professional Sunil Bhumralkar as an Independent Director. This strategic move underlines Tanla鈥檚 commitment to strengthening corporate governance as it accelerates its global growth. With nearly 40 years of experience, Mr. Bhumralkar brings deep expertise in assurance, financial reporting, and governance. He spent over two decades as Senior Audit Partner at S R Batliboi & Associates LLP, the EY India member firm, leading the..

Infrastructure Urban

17 Jun 2025

TCS, CEB Partner to Modernise Bank Reconciliation with AI Tools

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global IT services leader, has partnered with the Council of Europe Development Bank (CEB) to modernise its operations and enhance process efficiency. Through this collaboration, TCS will implement its flagship solution, TCS BaNCS鈩� for Reconciliations, to help the bank automate reconciliation processes using artificial intelligence and intelligent automation. The platform will enable CEB to automate its entire reconciliation workflow鈥攆rom transaction matching and exception handling to investigations and reporting. It is design..