BUSINESS
Indiqube bets on Indian corporates, GCCs to drive leasing demand, says CEO
Indiqube has signed leasing deals with six Tata group entities, including the group's super-app Tata Neu, as well as Air India. Besides, Indiqube also plays host to companies such as Mahindra Logistics, Aditya Birla Group's UltraTech Cement and the TVS group
BUSINESS
UltraTech Cement to meet 200 MTPA capacity target in FY26, a year ahead of schedule: Kumar Mangalam Birla
In FY25, India's largest cement maker added 42.6 MTPA in capacity, with a large part through acquisitions such as India Cements and Kesoram Industries' cement operations
BUSINESS
Explained: How a Supreme Court judgment unlocks nearly 500 real estate projects across Mumbai and Pune
The Supreme Court last week held that the State Environment Impact Assessment Authority and the advisory body State Expert Appraisal Committee will remain the "competent authorities" to seek environmental clearance for Category B projects in the EIA notification of 2006.
BUSINESS
Backed by price support, cement sector looks at earnings upturn in ongoing fiscal after damp FY25
Cement prices in southern India, a highly fragmented and competitive market, rose the highest, followed by the east, driven by higher infrastructure spending by states like Andhra Pradesh as well as stability after a frenetic year of mergers and acquisitions
BUSINESS
Grasim Q1 net loss widens to Rs 118 crore, revenue up 34 percent at Rs 9,223 crore
Grasim's standalone revenue rose while June quarter operating margin declined to 4.41 percent as against 5.07 percent in the same quarter a year ago.
BUSINESS
REITs push for bank loan access, cite parity with InvITs but govt split on proposal
At present, REITs, rely heavily on equity markets, bond issuances, and other debt instruments like commercial papers, which can be pricier and more susceptible to market fluctuations
BUSINESS
World Bank-backed IFC to invest $150 million in HDFC Capital realty fund, $1 billion corpus targeted
The fund is targeting the development of at least 25,000 homes in the affordable and mid segments, while keeping with green building and sustainability standards
BUSINESS
Trump’s tariff threat could deflate his brand’s appeal in India’s luxury real estate market
While the Trump Organisation does not own any Indian assets directly, its brand licensing model via Tribeca Developers could face short-term sentiment risks as geopolitical rhetoric sharpens.
BUSINESS
K Raheja Corp buys 7.4 acre land parcel for Rs 195 crore to develop residential project in Pune
The company has multiple residential and office projects in Pune. The land has been earmarked for residential construction, and is part of an integrated township project
BUSINESS
Have lined up three projects in Mumbai with Rs 10,000 cr GDV, says Sattva Group MD
Bijay Agarwal said in an interaction with Moneycontrol that while there are no immediate plans for an IPO for the residential business, it may opt for the public listing route for Simpliwork, its in-house co-working spaces brand.
BUSINESS
Can't yet challenge cement majors in M&A, says JSW Cement's Parth Jindal, instead will focus on organic growth
JSW Cement's Parth Jindal said the company would focus on greenfield projects as well as brownfield expansion to reach its near-term capacity target of 41.85 million tonne per annum (MTPA), compared to 20.60 MTPA at the end of FY25.
BUSINESS
Tata Steel is largely expected to be immune from US tariff threats to its Indian operations
The Tata group firm exports no steel from its Indian operations to the United States, and the company expects any secondary impact- from exporter-manufacturers using its steel, to be limited, MD and CEO TV Narendran told Moneycontrol
BUSINESS
In good position to secure third-party acquisitions for REIT: Knowledge Realty Trust
The REIT will have a portfolio of 46 million square feet, including around 9.5 million square feet under construction or in the pipeline. The trust, whose IPO opens on August 5, reported a net operating income of Rs 3,432 crore for FY25, an increase of 19 percent year-on-year.
BUSINESS
Trump imposes 25% tariff: Textiles, jewellery, pharma, electronics face threat; India Inc hoping for relief in trade deal
The 25 percent tariff is higher than the tariffs for countries that have reached some agreement with the US on tariffs and trade barriers such as European Union (15 percent) and UK (10 percent) and some of the south east Asian nations such as Indonesia (19 percent), Philippines (20 percent) and Vietnam (20 percent), which compete with India.
BUSINESS
Tata Steel Q1 results: PAT rises 116% to Rs 2,078 crore with safeguard duty support
The Tata Group firm's consolidated revenue decreased by 3 percent to Rs 53,178 crore. Despite lower volumes and revenues, price support from safeguard duty and cost trims helped improve profitability
BUSINESS
TCS layoffs unlikely to trigger immediate real estate impact: Experts
Analysts believe the growing expansion of GCCs in India may help offset any temporary impact caused by layoffs in traditional IT firms
BUSINESS
DLF to expedite plans for second phase of Andheri project
On July 25, DLF announced that the first phase of its maiden project in Mumbai, The Westpark in Andheri (West), has been 'sold out' at a premium compared to other projects in that category nearby
BUSINESS
SRK, Bachchan-backed Sri Lotus Developers sticks to pre-IPO prices for its public issue, for parity among investors
Most of the funding is expected to be spent on completing a set of luxury real estate projects across Mumbai’s western suburbs.
BUSINESS
Wired For Growth: Copper scrap imports rise in Jan-June on cable sector demand
Incumbents have stepped up their expansion plans in order to preserve market share, as large corporates prepare to enter the sector.
BUSINESS
CPP Investments to exit mall and offices platform with Phoenix Mills, to receive Rs 5,449 crore
Phoenix Mills and CPP Investments formed the platform, Island Star Mall Developers Ltd, in 2017, with CPP Investments initially committing Rs 720 crore. The platform has three malls across India, including two mixed mall-and-office developments
BUSINESS
Tata Group annual report: Chairman N Chandrasekaran cites 'financial transformation journey' in FY20-FY25 profit, topline growth
In its annual report, Tata Sons, the holding company of the group, said that chairman N Chandrasekaran is expected to be paid a total compensation of Rs 155.81 crore for FY25, compared to Rs 135.32 crore in FY24
BUSINESS
Motilal Oswal Alternates closes sixth realty fund with Rs 2,000 crore raise, eyes offices next
The IREF-VI is significantly larger than MO Alts' previous real estate fund, which closed at Rs 1,200 crore. The current fund announced its first close of around Rs 1,250 crore in February 2024
BUSINESS
IPO-bound Brigade Hotel eyes 17% revenue growth in FY26, to launch five hotels by FY29
The company has announced its initial public offering with a price band of Rs 85 to Rs 90 per share. The Rs 759.6 crore issue is entirely a fresh offer and will open for subscription on July 24, closing on July 28.
BUSINESS
UltraTech plans extensive capex for India Cements to boost efficiency
The projects under the capital expenditure programme will primarily focus on efficiency measures, particularly in energy consumption, with the ultimate goal of enabling India Cements to meet most of its power requirements through renewable energy or waste heat recovery systems.
