BUILDERS

Info Edge's Sanjeev Bikhchandani takes charge, assures continuity after Hitesh Oberoi

Info Edge (India) Ltd, the owner of Naukri.com, is reshaping its leadership, with founder Sanjeev Bikhchandani set to return to an executive role as managing director and group chief executive officer after Hitesh Oberoi steps down from the top operating job following nearly 27 years with the company.

Homebuyers’ body FPCE urges PM Modi to restructure RERA as consumer protection law

The Forum for People’s Collective Efforts has urged Prime Minister Narendra Modi to overhaul the Real Estate (Regulation and Development) Act. They emphasize the critical need to distinguish consumer protection from the promotion of the real estate sector, citing persistent enforcement challenges. The group reveals that many homebuyers are facing financial losses due to stalled projects.

85 homebuyers purchase flats in Ghaziabad society, two towers illegally constructed on defence land face demolition, Allahabad HC orders builder to refund residents with 10% interest

Allahabad High Court has ordered the demolition of two illegal 10-storey towers at Ghaziabad's Gulmohar Greens and extra floors in four other towers. It directed an FIR against Friends Land Developers, imposed a Rs 25 lakh penalty and ordered refunds to 85 ground-floor residents for common areas sold illegally, with 10% interest.

Possession delayed? Your rights as a homebuyer

Sam Altman, Sundar Pichai and Dario Amodei have one thing in common. Elon Musk has a cheeky response to 3 top tech CEO's diet choices

Elon Musk revealed that he starts his day with steak, eggs and coffee, contrasting his diet with vegetarian tech leaders Sam Altman, Sundar Pichai and Dario Amodei. While Altman prefers fasting and espresso, Pichai sticks to eggs, toast and chai. Dario became vegetarian after following his sister Daniela's example.

A janitor with a thick Indian accent was told he’d never be employed anywhere in USA. He later dropped out of Stanford, joined Goldman Sachs, built 3 billion-dollar ventures

Setbacks are inevitable. The best thing you can do for yourself is not giving up. Taking to Instagram, Acquisition.com CEO and managing partner Sharran Srivatsaa shared his incredible journey from being a janitor to making it as a tennis coach and later as an entrepreneur through a viral video.

Abundantia Entertainment and invideo announce first film of their co-production slate Beta Builder

Abundantia Entertainment and invideo have announced the commencement of production for the film Beta Builder. Directed by Hridaye A Nagpal, this innovative film blends live-action with AI-driven technology. The story follows Jai, a self-taught architect from Dharavi, as he navigates the virtual reality landscape. The film explores themes of ambition and community, highlighting the importance of belonging. With a talented cast, this production marks a significant step into AI-assisted filmmaking.

The next AI advantage for India's developers: Turning code into companies

In India's rapidly growing builder economy, AI is revolutionising software creation, allowing developers to generate code and build prototypes in minutes. But speed is only half the battle-code to deployment is the other half. Through tools like GoDaddy's Developer Platform, the real opportunity is achieving this next half of the challenge seamlessly and turning fast-built applications into viable, long-lasting products and thriving companies.

In 1835, Maryland built a curved railway bridge from 63,000 tons of granite - critics thought it would collapse, but trains still cross it today

The Thomas Viaduct, completed in 1835, stands as a testament to innovation in American railway engineering. Built with 63,000 tons of granite featuring a curved design, this bridge overcame early doubts about its strength. It was recognized as a National Historic Landmark in 1964, emphasizing its cultural importance. Today, it exemplifies how historic structures can be preserved while supporting contemporary transportation needs.

Delhi air force ground closure: Why govt is reclaiming prime Lutyens land near PM house including Race Club, Jaipur Polo Ground and Gymkhana Club

The closure of the Air Force Sports Complex on October 28 is the latest development in the government's drive to reclaim prime land near Lok Kalyan Marg. After taking over the Delhi Race Club and Jaipur Polo Ground and terminating the Delhi Gymkhana Club's lease, questions remain over the Centre's plans for these properties.

Nvidia's web of AI bets: smart strategy or bubble risk?

Nvidia's $3 billion investment in Meta's share sale, announced Tuesday, is the latest addition to a portfolio of stakes, loans and guarantees that has made the chip giant what some analysts describe as the central bank of the artificial intelligence boom. Nvidia also has around $36 billion in cloud backstops and a guarantee of up to $105 billion linked to an OpenAI data center, according to US media.

Christine Lagarde is leaving the ECB early, and Europe's economic future could look very different: What the region stands to lose — and gain

Christine Lagarde announced her resignation from the European Central Bank, set for February 7, 2027. Her departure is earlier than planned, as her term was due to end in October 2027. This resignation allows EU leaders to appoint her successor ahead of upcoming French presidential elections. Europe faces economic challenges, including inflation and high energy costs, which the ECB must address.

Jensen Huang lists three countries that may lead manufacturing and advanced technology, and neither US or India are in that list

Nvidia CEO Jensen Huang has named Germany, Japan and China as three countries with strong positions in advanced manufacturing, citing China’s integration of computing and industrial production. He also said US export restrictions had accelerated China’s semiconductor ambitions, while maintaining that American technology companies were prepared to compete globally.

Al Horford bought Brookline luxury estate for $14.8 million in 2023. 3 years later, NBA champion listed Massachusetts property for $14.995 million

Al Horford has put his 13,200 square feet property in Brookline, Massachusetts on the market for $14.995 million in June this year. He is selling the property nearly three years after purchasing it for $14.8 million in 2023. The home has six bedrooms and seven bathrooms. It also has a two-story walk-in cupboard, a gym, and three-car garage.

British homebuilder shares slump on lack of clarity over first-time buyer plan in budget

Shares of British homebuilders plummeted following finance minister John Healey's budget speech about housing initiatives. The delays surrounding the launch and funding of the awaited 'Your First Home' scheme have analysts worried that it won’t receive long-term financial support. Prominent companies like Barratt Redrow, Taylor Wimpey, and Persimmon experienced sharp declines, which could further hinder the timeline for new site developments that builders are eager to pursue.

Wabtec bags Rs 839 crore orders for Vande Bharat Sleeper trains

Wabtec Corporation has recently announced securing orders valued at approximately Rs 839 crore for Vande Sleeper trains. These agreements aim to enhance service availability and passenger safety for Indian Railways. Additionally, Wabtec will provide essential onboard systems including brake systems and doors. Indian Railways plans to manufacture 50 Vande Bharat Sleeper trainsets to expand long-distance overnight travel.

Redeveloping an old society? Be careful while signing the POA in builder’s favour; know what to look out for

Housing societies looking to redevelop must qualify under Development Control Regulations and pass a resolution during a meeting. After the resolution, a development agreement can be signed with a builder, and a Power of Attorney can be issued. The society must ensure transparency and due diligence in the redevelopment process to protect member interests. Legal aspects, such as compensation for delays and entitlement, should be clearly outlined in agreements.

Lata Mangeshkar bought a flat in 36-storey Pratibha tower in Mumbai, bulding was caught in a 1984 land scam, then demolished in 2019; now a 179-metre skyscraper is set to replace it

Lata Mangeshkar owned a flat in Mumbai's Pratibha building, a 36-storey tower that became infamous after a 1984 construction scam involving an inflated plot-area declaration. Eight illegal floors were demolished in the 1990s before the remaining building was razed in 2019. Now, a 179.4-metre skyscraper with 33 floors is planned for the site.

Homebuyer stops paying EMIs on Rs 39.92 lakh home loan after builder sells his flat to another buyer; Karnataka HC quashes bank’s criminal case

The Karnataka High Court has dismissed the criminal charges against homebuyer Mr. Bari, who stopped repaying his loan EMIs after learning that the builder had sold his booked flat to another buyer. The State Bank of India accused Bari of misusing the loan funds, but the court determined that the bank mishandled the situation by pursuing criminal charges. The fate of Bari's initial flat booking and investment remains unclear.

Builder missing or bankrupt? What homebuyers can do about the home loan, RERA and the IBC

PMS Talk: How Rs 50 lakh invested in Karma Capital in 2006 grew to Rs 5.4 crore

In this edition of ETMarkets PMS Talk, the co-founders discuss the lessons from their 20-year investment journey, how they identify companies before their growth stories become market favourites, and why valuation discipline, management quality and capital protection matter as much as returns. They also share their outlook on India's healthcare and auto component sectors, and explain what investors should evaluate beyond CAGR when choosing a PMS.

Halt water supply to construction projects, raise aid for drought-hit farmers: NCP (SP) to govt

NCP (SP) leaders are urging the Maharashtra government to prioritize water supply for farmers amid severe drought. They demand an increase in financial aid to Rs 25,000 per affected farmer before Diwali. Concerns were raised regarding the alleged political pressure affecting water allocation for construction projects. The party is also highlighting issues such as harassment of farmers by lenders during this crisis.

In 2016, AJ launched Carrd with just $500; by 2024, his one-page website builder was estimated to generate $1.5 million a year

AJ defines Carrd as a platform which allows people to create simple and single-page websites. Notably, people do not need to have coding skills to make websites for this. People can make personal profiles, portfolios and landing pages through it, according to the Starter Story report.