[ad_1] Realty firm Lodha Developers Ltd plans to launch 21 housing projects by March next year with an estimated revenue potential of ₹24,000 crore, as it looks to expand business amid strong demand. During the first quarter of this fiscal year, Lodha Developers launched only one housing project in Mumbai Metropolitan Region (MMR) … Read more
[ad_1] Muthoot FinCorp, the flagship financial services arm of Muthoot Pappachan Group, has posted a nearly three-fold rise in net profit during the first quarter of FY27 to Rs 705.48 crore, as against Rs 179.3 crore during the April-June quarter of the previous financial year. The gold loan-focused non-banking financial company has … Read more
[ad_1] The primary market is set for another busy week, with six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise nearly ₹5,600 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped … Read more
[ad_1] Accel India IV (Mauritius) has offloaded a 1.3 per cent stake in home services platform Urban Company through an open market transaction. According to a regulatory filing with the stock exchanges, the Mauritius-based entity sold 2,00,00,000 (2 crore) equity shares of the company. Prior to the transaction, Accel held 9,47,13,868 shares, … Read more
[ad_1] LG Electronics India saw its net profit rise 27.2 per cent in Q1 FY27 to ₹653 crore on the back of revenue growth and margin expansion. Its revenue rose 15.5 per cent to ₹7,233 crore in the April-June quarter, led by premium demand across all categories. “Double-digit growth across every category … Read more
[ad_1] NB Holdings Corporation, a wholly owned subsidiary of Bank of America Corporation (BoFA), will acquire a 49.9 per cent stake in Jio Credit, the lending arm of Mukesh Ambani’s Jio Financial Services (JFS), for ₹18,268.22 crore, or $1.9 billion, through a preferential allotment of equity shares and warrants, Jio Financial Services said in … Read more
[ad_1] Vodafone Idea will hasten the pace of capital expenditure (capex) deployments, having secured ₹6,400 crore as the first tranche of funding from banks in the quarter ended June 2026. Chief executive Abhijit Kishore said on Tuesday the company was in discussions with half a dozen public sector banks (PSBs), led by … Read more
[ad_1] The Tamil Nadu government has issued an order allocating ₹828.36 crore for implementing the Member of Legislative Assembly Constituency Development Scheme (MLACDS) for 2026-27. A Government Order to this effect was issued by the Rural Development and Panchayat Raj Department. The amount sanctioned will be used for implementing the select list of works that … Read more
[ad_1] DBS Bank India has sanctioned a fresh construction finance facility of Rs 520 crore to a special purpose vehicle (SPV) of Mumbai-based real estate developer K Raheja Corp for the development of a commercial tower in Pune. Located in Balewadi, the tower spans 1.1 million square feet (msf) of Grade A … Read more
[ad_1] At 17, Pranav Ilango is taking a dream that began in Erode, Tamil Nadu, to the halls of Brown University, one of the world’s most prestigious institutions. Pranav Ilango has secured admission to Brown with a full scholarship worth Rs 3.55 crore, covering his tuition and living expenses for all four years. He will … Read more