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.
BUSINESS
CREDAI’s new leadership pitches for hike in Rs 45 lakh affordable housing cap, better home sales data
The new president of CREDAI, Shekhar Patel, said that the Rs 45 lakh cap on affordable housing should be increased or removed so that more people can get tax benefits and sales can increase in the segment.
BUSINESS
BCCL buys 66,000 sq ft space at Kalpataru Infinia for Rs 460 crore
Media company BCCL and its vice-chairman Samir Jain have acquired seven commercial units between themselves, with each unit priced at around Rs 66 crore, measuring around 9,500 sq ft each. The total deal also includes 98 parking spaces. All the transactions were signed in March 2025, documents show.
BUSINESS
ArcelorMittal Nippon Steel to invest Rs 60,000 crore to lead green steel transition in India
AM/NS India's management said the approach will include expanding steel production capacity to around 15 million tonnes per annum (MTPA) from the current 9 MTPA, along with expanding its scrap production facilities.
BUSINESS
Lodha brothers settle brand dispute after three-month mediation
Abhishek Lodha and Macrotech had filed a brand infringement suit in January 2025 against Abhinandan and HoABL, after years of wrangling. Abhishek and Abhinandan, sons of real estate magnate Mangal Prabhat Lodha, both worked at the Lodha Group till Abhinandan's exit in 2015.
BUSINESS
Blackstone, CapitaLand power Jan-Mar PE surge in realty, but FY25 deals dip
The residential segment, with 51 percent of the investment pie, underscores the confidence in this space.
BUSINESS
Malabar Hill regains its marquee address status as supply quality, infrastructure improve
In recent years, luxury homebuyers looked elsewhere in south Mumbai, and even in the suburbs, as the area lost some of its sheen due to its ageing supply, falling behind in terms of quality.
BUSINESS
InterGlobe and Accor deepen hotel ties, partner with Treebo for third-largest hospitality platform
The companies said that they plan to have 300 hotels under the platform by 2030 and announced a partnership with budget hotel network Treebo
BUSINESS
Tribeca launches rental housing platform, co-founder says can consider residential REIT
Tribeca has partnered with its sister firm Housr, a dedicated co-living platform, as well as with the developer Starwing group, for the first project under the platform at the Marol neighbourhood in Andheri (East), Mumbai.
BUSINESS
After Macrotech alleges fraud in trademark usage, House of Abhinandan Lodha approaches cops, seeks probe
Macrotech's filing earlier this month gave a fresh twist to the ongoing feud between brothers Abhishek Lodha's Macrotech and Abhinandan Lodha's HoABL. Macrotech sued HoABL for violations for intellectual property rights and alleged unauthorised use of the "Lodha" brand
BUSINESS
NaBFID expands warehousing presence, extends Rs 2,300-crore loan to Welspun One's JNPA project
The project, coming up in the special economic zone adjacent to the Jawaharlal Nehru Port, will be the largest single-location warehousing project in the country
BUSINESS
As Trump slaps 25% tariffs on auto parts, industry urges mitigation measures
A number of Indian auto component makers have significant exposure to the US. Their customers include Ford, General Motors, Stellantis, Tesla, and others.
BUSINESS
Adani, Birla enter wires and cables market, but cracking distribution holds the key
The share of branded players increased to around 74 percent in FY23 from 61 percent in FY14 and is expected to rise to 80 percent by FY25, according to Motilal Oswal Financial Services.
BUSINESS
Current paints slowdown part of a cycle, slow sales more pronounced in cities: Birla Opus
Grasim Industries-owned Birla Opus paints' CEO Rakshit Hargave said that the business aims to finish FY25 with a high single-digit market share in the decorative paints business, while its first year in the business has turned out "more or less" on how it was envisaged
BUSINESS
Kalpesh Mehta, the man behind Trump Towers in India, sees early bet on luxury real estate pay off
With deep ties to the Trump family, Kalpesh Mehta built Tribeca Developers into India's leading luxury brand licensor—expanding its Trump-branded footprint as the real estate boom continues.
BUSINESS
Welspun One's promoter stake sale enters bidding phase; PAG, Kotak, others in the race
The bids are in the range of $100 million-$120 million. It is not clear if the promoters will completely exit Welspun One or retain a stake
BUSINESS
Analysts mixed on steel duties; EBITDA/tonne may rise, but price hike window limited
Analysts said that as a result of the duties, which are still to be approved by the Union Ministry of Commerce, the earnings before interest, taxes, depreciation, and amortisation (EBITDA) per tonne for steel, a key competitive metric, may increase for steelmakers. However, they also noted that prices had already been increasing for various steel products in anticipation of DGTR's safeguard duty investigation wrapping up
