Loans
Godrej Properties partners with Axis Bank for home loans

Axis Bank will accept 10% amount as margin for home loan from customers of Godrej Properties. The customers can pay rest 10% margin money during thier re-payment schedule


Godrej Properties Ltd, the real estate development arm of the Godrej Group said it signed a memorandum of understanding with Axis Bank to offer a special scheme on home loan to its customers.
 
Under the scheme, GPL customers will be able to get a home loan from Axis Bank after paying only 10% from their own resources as against the traditional 20%. They will have the flexibility to pay the balance 10% during the term of payment schedule, the company said in a release.
 
"We are sure that our customers will immensely benefit from this unique offering that will make their home purchase more affordable. This offer will also benefit young customers as the initial contribution becomes half what it would have otherwise been,” said Girish Shah, vice president (marketing & sales), Godrej Properties.

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Dish TV Q1 net loss almost doubles on forex loss

Dish TV's sales rose to Rs519.9 crore from Rs462.8 crore, however due to forex losses of Rs13.8 crore its net loss widened to Rs32.3 crore


Mumbai: direct to home (DTH) services provider Dish TV on Thursday said its net loss steeply shot up by over 76% to Rs32.32 crore for the first June quarter, mainly due to forex losses of Rs13.8 crore, reports PTI.
 
Dish TV, from the media conglomerate Zee Group, had posted a net loss of Rs18.32 crore in the same period previous fiscal, the company said in a statement.
 
"Net loss of Rs32.3 crore was adversely impacted by foreign exchange loss of Rs 13.8 crore," Dish TV managing director Jawahar Goel said.
 
The net sales, however, rose to Rs519.95 crore in the quarter compared to Rs 462.83 crore in the corresponding period a year ago.
 
"The first quarter witnessed a partial comeback after a sluggish Q4. However, enhanced consumer demand owing to digitisation is yet to fully reflect in acquisition numbers," Goel said, adding that with digitisation on the anvil, the subscription revenues are likely to increase.
 
The company added 5.0 lakh new subscribers in the quarter, taking its subscriber base to 13.4 million gross and 9.8 million net subscribers at the end of the period.

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Maruti Small Car: The new old maruti

Will Maruti Suzuki have the gumption to change the way cars are sold in India?

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