Mango farmers in Mancherial district are cutting down orchards due to poor yields caused by unseasonal rains. Cultivation has drastically reduced over the past few years, forcing many to shift to alternative crops or sell land for real estate.
Indiabulls Limited reported a 46.4 per cent rise in March quarter profitability, supported by strong real estate performance and business restructuring. The company also recorded healthy sales bookings, steady financial services growth and a robust project pipeline with long-term revenue visibility
A growing trend of selling houses and plots through lucky draws in Telangana has taken a darker turn in Khammam. Police arrested Alasyam Vinay Kumar and 13 associates for running an unauthorised lottery scheme, offering a plot as a prize without permission.
Nalgonda police have arrested four agents linked to a Rs 57 crore Ponzi-style scam led by Ramavath Balaji Naik. Over 2,500 tribal wage earners were defrauded through false promises of high returns.
