UP RERA has taken suo moto action against Investors Clinic for contravention of rules in the promotion of the M3M Group project without proper registration and valid RERA registration number. The regulatory authority has issued notices to all real estate agents engaged in the project's promotion and marketing, excluding the promoter. Investors Clinic has been given an opportunity to provide clarification, failing which legal action will be taken against them. It is important for real estate agents and promoters to adhere to the regulations set forth by RERA to ensure transparency and protect the interests of stakeholders in the real estate sector., Real Estate News, Times Now
According to Vikas Ecotech's exchange filing, the committee determined and approved, in accordance with the SEBI ICDR Regulations, the issue price at Rs 2.80 per equity share (including a premium of Rs 1.80 per equity share), which is at a discount of Rs 0.12 per equity share i.e. 4 per cent to the floor price of Rs 2.92 per equity share to be allotted to the eligible qualified institutional buyers in the present tranche., Markets News, Times Now
More than 90% of the freshers have accepted lower salary options at Wipro in order to fast-track onboarding, according to Wipro’s Chief Financial Officer Jatin Dalal. Wipro Salary Cut: Over 90% Freshers Accepted to Join Company At Lower Salary, Says CFO Jatin Dalal.
This development comes a day after Uncademy laid off 12% of its workforce in job cuts in an effort to increase the profitability of its primary business.