BUSINESS
Casagrand, Blackstone to co-develop 4.2 mn sqft industrial, warehousing park with Rs 700-cr investment
Blackstone is expected to invest around Rs 700 crore towards building the facilities, expected to be ready for operations in around 30 months
BUSINESS
Adani Group readies Rs 7,000 crore war chest to dominate India's ammunitions market
At its 500 acre facility near Kanpur, Adani Defence is currently manufacturing small caliber ammunition of multiple dimensions, with a current capacity of 150 million rounds per annum, scalable to 500 million rounds
BUSINESS
Can Tata Steel make Vande Bharat's wheels? MD says a business case is a must
The continuous supply of railway wheels has become crucial for the Indian Railways, which is planning to expand the network of its flagship Vande Bharat Express service
BUSINESS
Interview: Comfortable with current debt position, says Tata Steel management, even as prices may drop in Q3
Executive director and chief financial officer Koushik Chatterjee noted during the interaction that the company remains in the comfort zone regarding the debt as well as key metrics such as the net-debt-to-EBITDA ratio
BUSINESS
Tata Steel Q2 results: Net profit rises 272% to Rs 3,102 crore; EBITDA, sale volumes increase
Revenue rises 9% to Rs 58,689 crore. Steel deliveries on a consolidated basis increased to 7.91 million tonne for the reported quarter, against 7.52 MT
BUSINESS
Kalpataru sells 93,000 sft Vikhroli office space to German shipping giant for Rs 304 cr
The buyer has been identified as global shipping firm Bernhard Schulte Shipmanagement's India unit, which purchased units from the 15th to the 20th floors of the under-construction property.
BUSINESS
Tech IPO boom to unleash a wave of luxury real estate buying
As stock market euphoria turns many first-generation entrepreneurs and startup employees into crorepatis, wealth managers say this liquidity surge could reshape demand in India’s premium housing segment, particularly in tech-heavy hubs such as Bengaluru, Gurugram, Pune, and Hyderabad.
BUSINESS
Festive season sales grew 13% during festive season, sales growth broad-based: Nexus Select Trust
Rajesh Deo, chief financial officer of the real estate investment trust (REIT), said that besides an increase in footfall, the trust has also seen an increase in spends per customer, at a time when urban consumption remains sluggish
BUSINESS
Indian Metals and Ferro Alloys aims for accelerated expansion after Tata Steel plant buy
IMFA is implementing the first phase of its expansion plant at its own, greenfield project in Kalinganagar, that will add around 100,000 TPA in terms of capacity. It is expected to be commissioned in phases from June 2026
BUSINESS
Rakshit Hargave quits as Birla Opus CEO, heads back to FMCG with Britannia
Aditya Birla Group veteran Himanshu Kapania, who is the managing director of Birla Opus, will now oversee day-to-day operations at the paints division, Grasim announced in a stock exchange filing
BUSINESS
Smartworks signs deal with Hiranandani Group for India's largest flexible office campus in Mumbai
According to market sources, Smartworks will pay the Hiranandani Group a starting lease rental of Rs 121.55 per square foot, with the lease running for five years after the delivery of the office campus, expected in the second half of 2026
BUSINESS
Lodha plans data centre development in Palava, cites 'humongous opportunity' for cash flows
The company's executive director- finance, Sushil Kumar Modi, said in an interaction with Moneycontrol that with India still underserved with data centre capacity, the data centre play is expected to provide significant topline and profits for the company in the longer term
BUSINESS
Electronics manufacturing push towards communications, light engineering segments: L&T management
L&T said that private sector investments are showing signs of a pickup, with orders from real estate, data centres, hospitals, and airport projects picking up in Q2
BUSINESS
Redevelopment will not flood Mumbai housing market: Birla Estates CEO
Asked about the relative slow pace of project additions in the ongoing financial year, Birla Estates CEO KT Jithendran said that the company has a 'healthy pipeline' of projects, with additions of a total gross development value of Rs 10,000 crore to Rs 15,000 crore expected by the end of FY26
BUSINESS
IKEA to open first physical store in Pune, rents space in Viman Nagar mall for Rs 38 lakh/month
The documents state that the lease is valid for 59 months, located on the ground floor of the property. IKEA will also pay an enhanced lease rent of Rs 42.70 lakh per month from the 37th month of the lease
BUSINESS
To continue US investments, AI data centres driving renewables demand: Waaree Energies
US power producers have added 12 GW of utility-scale solar power in the first half of 2025, according to a report from the Energy Information Administration
BUSINESS
UltraTech confident of increasing market share with large scale capacity expansion plan
While the company's previous organic capacity addition, and acquisitions, were centred around the southern and eastern markets, it has now definitively pivoted to the northern and western markets in its expansion drive
BUSINESS
Hospitality chain Chalet Hotels to use global tie ups even as it adds properties under premium brand Athiva
Around 900 rooms are expected to be added under the Athiva brand - across six properties - with the first one under the brand opening on October 16, at Khandala, near Mumbai.
BUSINESS
Amitabh Bachchan buys three plots at HoABL's Alibaug project for Rs 6.6 cr
The three agreements were registered on October 7, according to the documents. Bachchan also paid Rs 39.58 lakh as stamp duty for the transactions
BUSINESS
CRISIL moves Mumbai headquarters to Saki Vihar Road, to pay nearly Rs 600 cr rent over 15 yrs
CRISIL's lease on the new property, spanning the tenth to the 15th floor, started on August 31, with the firm paying a monthly rent of Rs 2.35 crore, translating to a starting per square foot per month rate of Rs 94
BUSINESS
One Euro homes in Italy? Not quite, say experts, with second home purchases in Europe for Indians easier elsewhere
Most of the 'one euro' properties are dilapidated and located in far-off areas. Besides, Indians need to form a limited liability company to buy property in Italy, with complex bureaucratic requirements. Easier options for second homes are available in countries like France, UK, Portugal, and in eastern Europe
BUSINESS
Dharma Productions leases 5,500 sq ft office space in Andheri with starting rent of Rs 15 lakh
Dharma is expected to pay around Rs 7.75 crore in rent over the lease tenure. Besides the rent, the deal also includes a security deposit of Rs 1 crore, as well as stamp duty of Rs 2.04 lakh
BUSINESS
Flat quarter for residential properties, office leases trend lower, shows Knight Frank report
For residential properties, much of the "stress" and inventory build-up has been in the luxury and ultra-luxury categories, especially in the Rs 20-50 crore and Rs 50-100 crore segments, with low supply in the affordable categories also keeping volumes in check.
BUSINESS
Festive season expected to drive real estate surge, inquiries up by 10–15%, but developers keep incentives
Market observers said that developers and brokers are continuing to attract customers using incentive schemes, including discounts, white goods (electronic items), and payment plans.
