Omaxe's net loss widens to Rs 2.39 billion in Q2 FY25

18 Nov 2024 CW Team

Omaxe reported a consolidated net loss of Rs 2.39 billion for the quarter ending September 30, 2024, significantly higher than the Rs 843.5 million loss recorded in the same period last year, according to a BSE filing.

Despite the widened loss, the company's total consolidated income grew by 47.62% to Rs 3.98 billion in Q2 FY25, up from Rs 2.69 billion in the corresponding quarter of the previous fiscal.

During the quarter, Omaxe acquired 2,10,000 equity shares of Rs 10 each in Parshwa Veer Builders and Developers, making it a wholly-owned subsidiary. Similarly, it acquired 10,000 equity shares of Rs 10 each in Khushiyon Ka Ghar, which has also become a wholly-owned subsidiary. (ET)

Infrastructure Transport

16 Jun 2025

Delhi鈥揗eerut Rapid Rail To Be Fully Operational By July

Commuters between Delhi and Meerut are set to benefit from a major leap in urban transport, as the 82-kilometre Delhi-Ghaziabad-Meerut Rapid Rail Transit System (RRTS) is likely to become fully operational by late June or early July, according to officials from the National Capital Region Transport Corporation (NCRTC).The RRTS corridor, which has already seen 55 kilometres of its length鈥攕tretching from New Ashok Nagar to Meerut South鈥攐pen to the public, will soon be complete with final trial runs nearing conclusion. Pending a crucial inspection by the Commissioner of Metro Rail Safety (CMR..

Infrastructure Urban

16 Jun 2025

NDMC Approves Key Projects to Advance Smart City Goals

In a decisive step towards sustainability and improved civic services, the New Delhi Municipal Council (NDMC) has approved a series of high-impact initiatives focused on renewable energy, utility upgrades, sanitation, flood prevention, and cultural development.At its latest council meeting, NDMC sanctioned the procurement of 120 MW of renewable energy from NHPC Ltd at Rs 4.62 per unit for a 25-year period, aligning with its transition to green energy and targeting peak electricity demands.To strengthen smart infrastructure, the council approved projects exceeding Rs 400 million (approx. USD 48..

Infrastructure Urban

16 Jun 2025

NVIDIA Unveils AI Blueprint to Aid Indian Smart Cities

As India undergoes unprecedented urban expansion, global technology leader NVIDIA has launched its Omniverse Blueprint for Smart City AI, a comprehensive model designed to support future-ready Indian cities. The initiative merges four of NVIDIA鈥檚 cutting-edge platforms鈥擮mniverse, Cosmos, NeMo, and Metropolis鈥攊nto a unified system that enables governments and developers to simulate, plan, and optimise urban services using AI-powered digital twins.With India projected to add over 400 million urban residents by 2050, the need for smart, data-driven infrastructure is increasingly urgent. NVI..