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.
BUSINESS
UltraTech Cement Q1 results: Net profit rises 49% to Rs 2,226 crore on price, volume growth
UltraTech Cement on Monday reported an 18% growth in its consolidated revenue, driven by price increases and volume improvement
BUSINESS
JSW Steel says 'case for government' to extend, increase steel safeguard duties
JSW Steel's consolidated net profit for the April-June quarter nearly tripled year-on-year to Rs 2,209 crore, on the back of price support with the imposition of the safeguard duty, as well as improving costs, especially for coking coal and iron ore
BUSINESS
Adani Green's promoter entity converts remaining warrants into equity, raising shareholding to over 62 percent
The promoters infused funds through conversion into equity of warrants issued in January 2024, with the shares issued to the promoter group at Rs 1,480.75 apiece, a significant premium to the current traded price.
BUSINESS
JSW Steel Q1 results: Net profit surges 155% YoY to Rs 2,209 crore on price improvement, lower costs
The consolidated revenue increased marginally year-on-year to Rs 43,497 crore, with capacity utilisation for the quarter being 87 percent for the quarter
BUSINESS
Will look at Mumbai opportunities in "pragmatic" way: DLF after Westpark launch
Despite its stated aim to be a prominent player in Mumbai's real estate marker, DLF's management said at a media roundtable on Thursday that it would still choose pragmatism in securing new projects
BUSINESS
DLF enters Mumbai market with Rs 4.5–8 crore luxury project 'The Westpark' in Andheri West
The project, named The Westpark, is part of a 10 acre slum rehabilitation project. DLF’s partner, Trident Realty, is executing the slum rehabilitation component.
INDIA
Salman Khan sells Bandra apartment for Rs 5.35 crore, documents show
The apartment is located at the Shiv Asthan Heights redevelopment project, built by the late developer and politician Baba Siddique
BUSINESS
DLF debuts in Mumbai with 'The Westpark' launch on July 17, 'premium' homes for Rs 5.5-7.5 crore
The Gurugram-based real estate firm will launch The Westpark project at the Oshiwara neighbourhood of Mumbai's Andheri suburb.
BUSINESS
Realty Boom: Certus Capital completes early private credit deal exits worth Rs 250 crore
All the deals, which were in the form of structured credit, were extended to multiple developers in Mumbai, Pune and Chennai. Some of investments were made to take over the debt component of projects from other lenders.
