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.
BUSINESS
Home prices rise 3.5% in April–June sequentially, new supply slows: data
On a year-on-year basis, home prices grew by nearly 24 percent during the reported period, according to a report from Magicbricks.
BUSINESS
Mumbai's runaway rents cool down as supply increases, redevelopment slows in most suburbs
According to brokers, rent increases in western suburbs such as Andheri, Goregaon, Malad, and Borivali have gone down to levels mirroring regular inflation, while those in Bandra, Khar, and Santacruz remain slightly higher.
BUSINESS
A Yen For India: Japan steps up as US, Canada pull back from Indian realty
Over the past three to four years, most major Japanese conglomerates have lined up extensive investments, mainly in equity, but with some debt as well.
BUSINESS
Adani Group may raise another $2 billion in coming quarters, FY26 fundraising could hit $5 billion
The funds are being mobilised across a mix of instruments, including non-convertible debentures, equity infusions and project-level refinancing
BUSINESS
IPO-bound flex space firm Smartworks to focus on mid-large corporates on growth path, say founders
Smartworks is slated to be the second major flex space player to head to a public listing, after Awfis Space Solutions listed last year
BUSINESS
Amid US uncertainty, HNIs choose Caribbean, Gulf, EU residency programmes
Statements by US administration officials regarding suspension of the EB-5 visa-by-investment programme has triggered apprehension in the minds of investors.
BUSINESS
CCI orders UltraTech, Dalmia, major cement dealer to furnish finances in ONGC tender case
The original complaint was filed by ONGC against the three cement makers in 2020. After its investigation, CCI also ordered Agarwal to be arrayed as a party in the matter.
