BUSINESS
CapitaLand Investment to double India funds under management by 2028, to enter real estate private credit business
CapitaLand Investment's current funds under management in India, is at nearly Rs 46,000 crore. It plans to more than double this by 2028, and is looking to expand into data centres, renewables, private credit, and expand its office parks business.
BUSINESS
MC Exclusive | Arbour Investments picks up a stake in prop-tech firm Justo Realfintech for $7 mn
Arbour Investments founder Chirag Mehta told Moneycontrol that the acquisition of the stake unlocks multiple synergies with the company's ongoing and upcoming investments
BUSINESS
Ajay Devgn leases out Mumbai office space for Rs 7 lakh per month
The property has been leased by Kabir Khan Entertainment LLP, according to the documents. The lease is for a period of five years, secured with a deposit of Rs 30 lakh.
BUSINESS
Raymond chairman Singhania says receiving 'massive' enquiries after Bangladesh crisis
Singhnia said that Raymond has "no other competitor" elsewhere to offer across-the-board price points, or end-to-end fabric-to-garment-to-export capabilities.
BUSINESS
Prestige Group subsidiary buys 4.57-acre land parcel in Pune for Rs 200 crore
The seller has been identified as BU Bhandari M&M Realtors LLP. The buyers paid a stamp duty of around Rs 14 crore for the transaction
REAL-ESTATE
Actor Kartik Aaryan rents out Juhu property for Rs 4.5 lakh per month
Kartik Aaryan bought the apartment measuring 1,912 sq ft at the Siddhi Vinayak Presidency society in Juhu with his mother Mala Tiwari in June 2024 for Rs 17.5 crore.
BUSINESS
Mumbai TDR policy may derail current real estate cycle: Mahindra Lifespace MD
As part of the Dharavi redevelopment project, the Maharashtra government has mandated that developers in Mumbai must source at least 40 percent of their transferable development rights (TDR) requirements from the Dharavi project at 90 percent of ready reckoner rates
BUSINESS
Real estate transparency improving, more needs to be done on land records, data: JLL
Work needs to be done to clean up land records, performance indicators and data sources as well as an expansion in the size and scope of listed vehicles, especially REITs, A JLL report has said
REAL-ESTATE
MHADA slashes prices of some units under ongoing lottery, extends registration deadline
The costliest apartment in the lottery, located in Tardeo, earlier priced at more than Rs 7.5 crore, will now be priced at Rs 6.8 crore, while an unit in Vikhroli, earlier priced at around Rs 38 lakh, will now be available at around Rs 29 lakh.
BUSINESS
Kangana Ranaut buys office space in Andheri for Rs 1.56 crore
The purchase was registered on August 23, with a stamp duty of Rs 9,37,500 being paid.
BUSINESS
Tribeca Developers planning up to 5 Trump Tower projects in India
Tribeca is developing Trump Tower residential properties in Gurugram and Kolkata. The Trump brand was earlier licensed to Panchshil Realty and Lodha, which developed Trump Towers in Pune and Mumbai
BUSINESS
Smartworks leases 6 lakh sq ft office space in Pune for Rs 4.48 cr per month
The starting rent of Rs 73 per sq ft per month has a 4.77 percent escalation built in every annum.
BUSINESS
Mumbai: Actor Manoj Bajpayee sells Mahalaxmi property for Rs 9 crore
The actor had purchased the apartment, located in the Minerva residential tower, in 2013 with his wife Shabana for Rs 6.40 crore.
BUSINESS
JSW Cement aims to double cement grinding capacity to nearly 41 MTPA
The board-approved expansions include six greenfield units in Rajasthan, Punjab, Madhya Pradesh, Uttar Pradesh, Odisha, as well as another greenfield unit in Dolvi, Maharashtra, and a brownfield expansion in Vijayanagar, Karnataka.
BUSINESS
Raymond Realty aims to maintain 20% growth rate in bookings, profit each year, says CEO Sahni
Redevelopment projects would remain key drivers for Raymond Realty, constituting 30% of its new Mumbai projects, said its CEO Harmohan Sahni.
BUSINESS
New mining tax could influence metal prices, consumer costs, PSUs to feel the pinch
The ruling directly impacts companies having large-scale mining operations across mineral-rich states like Jharkhand, Odisha, and Chhattisgarh, which means public sector entities like Coal India, Steel Authority of India (SAIL), National Mineral Development Corp (NMDC) and Tata Steel could face higher payouts due to their extensive and long-standing mining operations.
BUSINESS
Plan to have 5,000 homes under lottery over the next year in Mumbai, says MHADA CEO
Additionally, the tender for the Kamathipura cluster redevelopment project is expected to be floated later in August, according to Sanjeev Jaiswal.
BUSINESS
Grasim slips into red in Q1, posts Rs 52-crore loss due to paints investment, weak fibre demand
Grasim Q1 results: Standalone revenue came in at Rs 6,894 crore, up 10.5 percent from the previous year
BUSINESS
Tata Motors banks on launch of FAME-III scheme, festive season to boost EV sales
FAME-III scheme should be announced at the earliest, says Vivek Srivatsa, chief commercial officer of Tata Passenger Electric Mobility Ltd, the EV arm of Tata Motors.
BUSINESS
LTCG Tax Rollback: Major relief for middle-class homeowners, property prices may be impacted
This comes after a major backlash from the real estate sector, including the middle-class homeowners, for higher tax liability without the indexation benefit to factor in the market inflation.
BUSINESS
Rustomjee to focus on Rs 1-3 crore ticket size for residential launches, says MD Boman Irani
Despite weakness on some counts, Irani sounded positive on the Q1FY25 financial results, particularly pre-sales during the quarter. The company's collections during the quarter were slightly lower in Q1 year-on-year.
BUSINESS
1,700 Tata Steel UK employees have opted for voluntary redundancy scheme, says MD
In an interaction with Moneycontrol, Tata Steel's MD and CEO said that the company and the government are approaching negotiations in a "collaborative" fashion.
BUSINESS
Tata Steel expects Netherlands govt support package to be larger than UK's, says MD Narendran
Tata Steel's MD and CEO T V Narendran said that the company aims to conclude negotiations with the Dutch government by the end of the year.
BUSINESS
Tata Steel Q1: Net profit rises 51% to Rs 960 crore, misses estimates; recovery in Netherlands negated by India and UK struggles
The firm's revenue from operations declined 8 percent to Rs 54,771 crore in Q1FY25 as against Rs 59,490 crore in Q1FY24. Sluggish steel prices remained a drag on the balance sheet.
