Page 3 - Housing Com News Today

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.

Info Edge had pumped Rs 288 crore into 4B Networks, including Rs 276 crore as equity and Rs 12 crore in debt. The company announced in the Q3 FY23 financial results that it wrote off its investments in 4B Networks due to suspected financial irregularities.

Former Amazon executive Puneet Chandok, who left the Seattle-based etailers Amazon Web Services team as its India and South Asia head, in June, will now lead the India operations of Microsoft. This and more in todays ETtech Top 5.

FinBox has partnered with Housing.com for embedded finance in the real estate space.

The government has mandated the RBI to ensure CPI inflation at 4 per cent with a margin of 2 per cent on either side.

Navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.

As for his personal life, Rahul Yadav is married to Karishma Khokhar since March 12, 2016. The couple got married in Delhi. Karishma is an investment banker and belongs to an engineering background.

While 4B Networks 150 employees went unpaid since November 2022, founder Rahul Yadav reportedly moved around in a Mercedes-Maybach and rented a boardroom at Mumbai 5-Star Taj Land’s End for Rs 80,000 per day.

'Why would someone as astute as Info Edge's Sanjeev Bikhchandani get swayed into the Rahul Yadav mess,' asks a Twitter user