Yadav, who had founded housing.com a few years ago, and Saini had applied for a pre-arrest bail last week days after a Look Out Circular was issued against them, and their plea came up for hearing before the session court and was rejected.
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Meanwhile, Yadav’s delaying tactics continue as 4B Networks asks for more time in its arbitration proceedings with Innov8 and Info Edge. He was also questioned twice by the Mumbai Police this week.
Melbourne-based REA Group, the owner of Australian real estate sites realestate.com.au, realcommercial.com.au and spacely.com.au, stated that it experienced a 46% surge in revenue from India for the financial year that ended in June 2023. By comparison, Australian revenue only saw a 1% uptick during the same period. REA India posted a revenue of AUD 79 million ($57 million) in the fiscal year, up from AUD 54 million the previous year.