BUSINESS
Despite paints slowdown, Grasim 'positive' about Birla Opus break-even timelines, market share
The company's management also noted that Birla Opus has reached a "high-single digit" market share in the paints segment, and has touched 10 percent including the group's wall putty business
BUSINESS
Grasim Industries Q4: Bottomline remains in the red as expenses up; revenues up 32% YoY
EBITDA slumped 58.1 percent to Rs 221 crore compared to Rs 527 crore a year ago.
BUSINESS
Adani Group posted 8% EBITDA growth across listed entities, riding on strong cash balances
The Adani Group said 84 percent of group EBITDA and 88 percent of investments in core businesses is providing 'multi-decadal' visibility in terms of cash flow. Of the total EBITDA, 42 percent came from Adani Enterprises and Adani Ports and SEZ.
BUSINESS
Temporary blip due to Indo-Pak tensions, but luxury hotels to recover soon: Brookfield ahead of Leela IPO
Brookfield Asset Management-promoted Leela Palaces, Hotels, and Resorts is preparing to list as Schloss Bangalore Ltd in a Rs 3,500 crore initial public offering
BUSINESS
Listed developers log record pre-sales in FY25 despite dip in market sentiment
Both DLF and Macrotech Developers, the top listed developers by market capitalisation, reported significant increases in booking value, crossing their guidance for the year and reaching new records.
BUSINESS
Sri Lotus Developers, backed by film stars and ace investors, gets SEBI nod for Rs 792-crore IPO
The firm is largely focused on the luxury-to-ultra luxury sector, primarily through redevelopment projects, and the company has also received attention due to its onboarding prominent investors, including actors Shah Rukh Khan, Amitabh Bachchan, Hrithik Roshan, and other investors such as Ashish Kacholia.
REAL-ESTATE
Four listed REITs distribute more than Rs 1,500 cr in Q4, says industry body
The four REITs that are part of the Indian REITs Association are Embassy Office Parks REIT, Mindspace Business Parks REIT, Brookfield India Real Estate Trust, and Nexus Select Trust
BUSINESS
Lodha Ventures rebrands itself into Abhinandan Ventures after settlement with Macrotech
In a clarification to the release, the company added that it has applied for a cancellation of the "Lodha Ventures" trademark, in accordance with the settlement that Abhinandan Lodha reached with his elder brother Abhishek, the managing director of Macrotech Developers
BUSINESS
Q4 results: Tata Steel profit jumps on cost declines, higher volumes, but pricing hurts topline
The company’s revenue fell 4.2 percent to Rs 56,218.11 crore in the reported quarter compared to Rs 58,687.31 crore in the year-ago period, the filing said. Tata Steel recommended a dividend of Rs 3.60 per share for FY25
BUSINESS
Wider sourcing and shipping, better emergency preparedness: what India Inc learnt from conflict with Pakistan
Industry experts say that while there are practical considerations regarding logistics and warehousing and their spread across India, companies may try to broaden their sourcing and shipping bases in anticipation of any future crises
BUSINESS
Indo-Pak Standoff: How the real estate sector fares in times of war
Experts said that past wars and conflicts have taught us that war can temporarily slow down market sentiment and freeze decisions, but they cannot break India's real estate market. Due to the Indo-Pak tension, there may be some short-term sluggishness in the market, but there is no question of an outright plunge.
BUSINESS
India Inc steps up security near border, coastal establishments after cross-border strikes
India has multiple renewable power projects along the country's border with Pakistan, especially in Gujarat and Rajasthan, as well as key ports on the western coast
BUSINESS
UK-India FTA to drive India's auto component exports, industry groups say
In FY24, India exported $21.2 billion worth of auto components all over the world, 3 percent of which was to the United Kingdom, according to data from ACMA.
BUSINESS
Distressed deals fuel Adani Realty and Prestige’s hold on Mumbai realty market
Real estate developers like Prestige Estates and Adani Realty, among others, are leveraging stalled projects to make a mark in their non-native market.
BUSINESS
US-China trade tensions will not impact our ports: APSEZ MD Karan Adani
Even if the tariffs impact trade between the US and China, other forms of trade will compensate for that, he said.
BUSINESS
Ambuja Cements Q4 results: Net profit falls 9% to Rs 956 crore, sluggish prices hurt margins
Ambuja Cements Q4 results: Revenue rises 11.5% to Rs 9,802 crore. The company announced dividend of Rs 2 per share
BUSINESS
UltraTech says subsidiary India Cements' performance to improve with efficiencies, price increases
UltraTech, after receiving approvals from the National Company Law Tribunal, took control of India Cements in late-December 2024, marking Q4 as the first full quarter of the latter being a subsidiary of the Aditya Birla Group firm
BUSINESS
UltraTech Cement Q4 results: Net profit jumps 10% to Rs 2,482 crore, but realisations sluggish
UltraTech Cement Q4 results: Revenue rises 13% to Rs 23,063 crore. The Aditya Birla Group company declared dividend of Rs 77.5 per share
BUSINESS
Price growth in FY25 lower than expected, focusing on profitability, sales: Abhishek Lodha
As part of the outlook, Macrotech's MD said the company will stick to its medium-term strategy of delivering price growth in the range of 2 percent below wage growth.
BUSINESS
Macrotech Developers Q4 profit rises 38.5% to Rs 921.7 crore, declares dividend Rs 4.25 per share
For the financial year 2024-25, the Mumbai-based real estate firm's consolidated net profit increased by 71 percent to Rs 2,764 crore, while its topline grew by 34 percent to Rs 13,780 crore
BUSINESS
Macrotech expands Pune footprint with pact to develop a five-acre land parcel
As part of the development agreement, Macrotech is expected to share 22.5 percent of the revenue with Goel Ganga Developments, from the project that is expected to come up at the site.
BUSINESS
After legal truce, House of Abhinandan Lodha enters vertical development business
The projects include a commercial development on the site of the former American Center in Marine Lines, one residential project near Girgaon Chowpatty in south Mumbai, and an affordable-to-mid-priced development in Naigaon.
BUSINESS
Capital inflow picture in a flux due to tariffs, real estate has underlying strength: CBRE
Rami Kaushal, CBRE's managing director for consulting and valuation services in India, Middle East and Africa, said that India has a lot of appetite for real estate, across all asset classes, including residential, offices, and logistics and industrial.
BUSINESS
Steel imports surge to a 9-year high amid bargain shipments
After peaking at 18.51 million tonnes in FY22, India's steel exports have been on a decline, falling more than 60 per cent over three years to 6.95 million tonnes in FY25.
