BUSINESS
Repo rate cuts may drive HNI investors towards Real Estate AIFs, say experts
AIFs are privately pooled funds that invest in non-traditional assets like private equity, hedge funds, and real estate. They offer niche, high-risk, high-reward opportunities suited for experienced investors.
BUSINESS
RBI's 50 bps rate cut may finally give an impetus to affordable housing, say experts
The central bank started its rate-cutting cycle from its February policy meeting, when the repo rate stood at 6.5 percent. However, the cuts did not translate into an immediate impact on EMIs
BUSINESS
Apple India leases space in Borivali mall for second Mumbai store
The electronics giant will pay a starting rent of Rs 17.35 lakh a month, translating to Rs 138 per square foot a month
BUSINESS
How China’s grip on rare earth magnets hurts Indian manufacturing — and the way out
In FY24, India imported around 460 tonne of rare earth magnets, almost all from Chinese manufacturers, according to industry sources. While figures for FY25 are awaited, imports are expected to rise to around 700 tonne.
BUSINESS
‘Star-studded’ Sri Lotus Developers to hit the IPO Street
Under its Lotus Developers brand, the company has completed three projects, is in the process of building six more, and has seven projects in the pipeline, including both residential and commercial projects
BUSINESS
Actor Jeetendra Kapoor and family sell Andheri plot for Rs 855 crore to NTT Global Data Centers
The deal includes two contiguous land parcels measuring a total of 9,664.68 sq metres, or around 2.4 acres. The land parcel currently houses Balaji IT Park, which includes three constructed buildings.
BUSINESS
Trump's 50% steel tariff to have limited direct impact but China dumping a worry: Analysts
Trump has signed an order that has from June 4 raised tariffs on imported steel and aluminium to 50 percent, up from the 25 percent rate introduced in March
BUSINESS
Tesla India leases 24,000 sq ft warehousing space in Mumbai's Kurla at monthly rent of Rs 37 lakh
Tesla India lease period runs for five years starting April 20, 2025, and the rent is expected to increase by 5 percent per annum
BUSINESS
Adani Group seen eyeing Diwali timeline for first phase of Dharavi free-sale launch
Initial launches to focus on affordable-to-mid segment housing; premium offerings likely in later phases near BKC.
BUSINESS
US tax bill won’t hurt solar in medium term, says Waaree Energies CEO
The so-called One Big Beautiful Bill Act, passed by the US House of Representatives, eliminates key tax credits introduced under earlier legislation such as the Inflation Reduction Act, and also accelerates the phase-down of incentives. Despite this, Waaree’s management remains confident about its prospects in the US, citing continued investments in artificial intelligence and its manufacturing base in Texas.
BUSINESS
Kanakia inks deal with Hines, Mitsubishi, Sumitomo for 1.5 million sq ft BKC project
The project is expected to come up on a three acre land parcel in BKC, now the city's main financial district, with an estimated investment of around Rs 3,000 crore.
BUSINESS
Hiranandani Group firms up redevelopment play, signs up two societies in Bandra and Versova: Sources
The Niranjan Hiranandani-led firm is expected to remain focused on the township segment, with any redevelopment projects likely to be opportunistic in nature.
BUSINESS
USV Chairperson Leena Gandhi Tewari buys Worli flats for Rs 639 crore; Godrej’s Tanya Dubash also strikes major property deal
At Rs 2.83 lakh per square foot, excluding stamp duty and registration charges, observers said that Leena Gandhi Tewari deal has become the most expensive in terms of home prices
BUSINESS
Kotak Alts-managed fund sells Delhi office space to Nuvama-Cushman fund, deal valued at Rs 700-750 cr
The Prime Offices Fund, managed by a joint venture, Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW), has a targeted raise of Rs 3,000 crore, of which it announced its first close of Rs 1,700 crore in January 2025
BUSINESS
Steel exports down 30% in Jan-April, sluggish demand weighs on JSW, Tata
Continued global economic uncertainties as well as pressures from Chinese exports created pressure on Indian exporters, who largely export flat steel overseas
BUSINESS
DLF may launch its first Mumbai housing project in next two weeks
DLF is expected to price the apartments in its Mumbai the project, located in the suburb of Oshiwara in Andheri (West) between Rs 5.5 crore to Rs 7.5 crore.
BUSINESS
Have full control over Bhushan Power and Steel, 'strong grounds' for legal remedies: JSW Steel
The management noted its continued control over BPSL, in response to investors' questions on whether the Union government's Enforcement Directorate (ED) may seek to attach part of BPSL's assets
BUSINESS
JSW Steel Q4: Net profit rises 16% to Rs 1,503 cr on lower cost, no provisions relating to Bhushan Power
JSW Steel Q4 results: Consolidated sales volumes for the quarter were up 11 percent year-on-year. However, sluggish pricing caused a decline in the company's consolidated revenues
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.
