BUSINESS
Cement firms count costs, US-Iran truce offers little comfort amid energy price shock
The industry relies on coal and petcoke to meet its fuel requirements, prices of which have risen by 18% and 28%, respectively, amid shipping disruptions and a forced shift back to coal due to LNG constraints
BUSINESS
Neo Alternative Asset Managers plan real estate foray, eyes Rs 1,500-crore credit fund
Neo Alternative Asset Managers is the alternative investments arm of the Neo Group, that has been backed by entities such as MUFG, Peak XV, and TVS Capital, among others
BUSINESS
US-Iran ceasefire: Morbi tilemakers heave sigh of relief, indicate price rises in coming weeks
The local tile manufacturing association had earlier declared a shutdown of manufacturing units till May 1 due to the fuel crisis. Some of the units, manufacturers said, are expected to reopen soon, with the Union government also allowing more gas supply to the ceramic sector on April 8
BUSINESS
Housing market showing signs of slowdown, Iran war weighs on sentiment: Knight Frank
Sales in eight markets declined 4% to 84,827 units in the March quarter and launches were down 2% at 94,855 houses
BUSINESS
Solar, renewable energy players see surge in inquiries as manufacturers, exporters seek alternatives
Energy-intensive industries, including steel, aluminium, pharmaceuticals and chemicals, are ramping up renewable energy sourcing through on-site installations as well as grid-scale procurement
BUSINESS
Birla Estates announces redevelopment entry with Rs 1,700 cr-Khar project
Birla Estates, which has a gross development potential pipeline of nearly Rs 70,000 crore, has long been eyeing an entry into the redevelopment space in Mumbai
BUSINESS
Shubman Gill buys Rs 20.7 crore luxury home in Mumbai's Juhu
Gill paid a stamp duty of Rs 1.24 crore for transaction. The effective per-square foot rate for the purchase is Rs 61,442, similar to upcoming projects in the area.
BUSINESS
Berger hikes prices as crude spikes; CEO Roy says demand steady
A number of petroleum products are used in decorative and industrial coatings, such as solvents and binding agents. Around 30% of the cost of producing paints is linked to crude oil products
BUSINESS
Dubai's real estate sales dive 40% as war spooks investors
From February 28 to March 22, 8,059 property sales were registered. Despite the decline in sales volumes, home prices are down only 4-5% from the year-ago period
BUSINESS
L&T seeks to reassure investors over Middle East pressures, says work, payments remain smooth
L&T's deputy managing director and president, Subramanian Sarma, responsible for the energy vertical, said at a select media briefing that the company had prepared for geopolitical eventualities such as the ongoing crisis, and much of its work remains on schedule
BUSINESS
L&T sees post-war Middle East opportunities in alternative energy routes
The middle east accounts for nearly 36% of L&T's total order book as of 2026. Its operations focus heavily on energy transition, power infrastructure, and hydrocarbon projects (offshore and onshore), particularly in Saudi Arabia, the UAE, Qatar, and Kuwait.
BUSINESS
Shipping minister Sonowal says industry participation needed to manage Gulf crisis
According to media reports, more than 20 vessels of various sizes have been attacked by Iranian missiles, drones, and explosive-laden boats, while trying to cross the Strait of Hormuz
BUSINESS
Navi Mumbai's fringes are the next frontier for Mumbai's offices
A report from real estate data analytics firm CRE Matrix shows that the Navi Mumbai area has significantly lower office rentals, compared to the rest of Mumbai, at around Rs 75-Rs 80 per square foot per month.
BUSINESS
Adani Group's Rs 2 lakh crore per year greenfield infra capex to cover renewables, ports, airports
The investments, according to a statement from the Adani Group, spans core businesses such as renewable energy, thermal power, ports, airports, cement, as well as emerging businesses such as energy storage, metals, and defence
BUSINESS
India may corner more of global data centre market amid Gulf crisis
Recent attacks on data centres in the Gulf by Iran, which regards them as legitimate wartime targets due to their technical and data support for some American defence suppliers, have damaged the region's data centre ambitions
BUSINESS
Hindustan Copper says on track to have more than 12 MTPA production by 2031
Despite its status as the only pure-play copper miner in India, state-owned Hindustan Copper remains a small-scale supplier, with India's copper consumption growing every year due to increased demand from electric vehicles, renewable energy, data centres, and infrastructure
BUSINESS
Despite war, big money continues to flow into Dubai's real estate
From February 28, the day hostilities broke out, to March 12, more than 4,800 real estate transactions were reported in the Dubai, according to data from the Dubai Land Department, with the transactions worth nearly AED 16 billion
BUSINESS
Tata Sons leases Ratan Tata's former home from subsidiary for Rs 17.6 lakh a month
The lease was effective from October 10, 2024, being valid for a five year-period. Ratan Tata took up residence at the property after he stepped away from an active role at Tata Sons in 2012
BUSINESS
Up and running: Mumbai is growing taller, BMC wouldn’t mind
Development charges, which include FSI, are the civic body’s second biggest revenue stream now. For FY26, against a projected Rs 9,700 crore, the BMC has already earned Rs 8,138 crore till January.
BUSINESS
Supply shock: Fertiliser, city gas, trucking firms scramble for alternatives as Iran war chokes LNG supplies
Given the significant supply disruption, the industry is poised to face difficulties in meeting the gap in supplies through the spot LNG market as spare supplies may be limited.
BUSINESS
Amitabh Bachchan buys 2.67-acre Ayodhya plot from House of Abhinandan Lodha for Rs 35 cr
The plot is located near HoABL's flagship Sarayu development at the temple town in Uttar Pradesh, where Bachchan owns two more plots
BUSINESS
ICICI Prudential Alts steps up real estate play, acquires fourth office property for Rs 520 crore
The deal was signed in February, the fourth such transaction by ICICI Prudential AMC’s Rs 2,000 crore-ICICI Prudential Office Yield Optimiser Fund
BUSINESS
How Indian EPC firms with Middle East exposure are evaluating the current crisis
Indian engineering firms, such as Larsen & Toubro (L&T), RPG Group-promoted KEC International, Kalpataru Projects International Ltd (KPIL), as well as others, have actively sought business development in the Gulf countries, particularly Saudi Arabia and the UAE
BUSINESS
Indian developers in UAE expect 'temporary' disruption as US-Iran war spills over, say Dubai story intact
The conflict has created temporary uncertainty but underlying fundamentals remain resilient, say developers who see the crisis as a ‘one-off event’
