Business & Finance – Property World Global

Feb62025 by FWMNo Comments

PNB Launches “Home Loan Expo 2025” to Empower Homebuyers with Exclusive Offers

Bengaluru, 6th February 2025 : Punjab National Bank (PNB), nation’s leading public sector bank, is hosting the PNB “Home Loan Expo 2025”, a two-day premier event aimed at helping homebuyers and real estate investors explore exclusive financing solutions. The PNB Home Loan Expo 2025 will bring together leading real estate developers, financial experts, and aspiring homeowners under one roof, offering a range of exclusive benefits to make homeownership more accessible, affordable, and convenient. Attendees can take advantage of customised home loan solutions at competitive interest rates, along with on-the-spot consultations with PNB loan officers for instant eligibility checks and approvals. In addition, expert financial guidance will be available to help homebuyers make informed decisi...

Jan292025 by FWMNo Comments

Embassy REIT Grows Distributions by 13% YoY and Delivers Highest-Ever Quarterly Revenues and NOI for 3Q FY2025

Business & Finance

Wednesday, January 29, 2025 7:34PM IST (2:04PM GMT) Bengaluru, Karnataka, India: Leases 1.1 msf in Q3 and 5.0 msf YTD FY2025; On track to achieve FY2025 guidance GCC demand continues to dominate, accounting for ~70% of leasing activity Grows Revenue and Net Operating Income by 9% YoY to a quarterly record of Rs. 1,022 crores and Rs. 829 crores, respectively Delivers a quarterly record of Rs. 559 crores in gross distributions, up 13% YoY Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the third quarter ended December 31, 2024. Ritwik Bhattacharjee, Chief Executive Officer* of Embassy REIT, said, "We are delighted to report another strong qua...

Jan212025 by FWMNo Comments

‘Advantage Assam-2.0 Conference’ in Guwahati on February 25 and 26: Ashok Singhal,Minister of Health and Family Welfare and Irrigation of Assam

Business & Finance

Bengaluru, January 21 (Karnataka News): PHOTOS BY P.K.ANANTH KUMAR Ashok Singhal, Minister of Health and Family Welfare and Irrigation of Assam said that 'Advantage Assam-2.0' Summit-2025 was organized in Guwahati, Assam on February 25 and 26 to promote investment and infrastructure in Assam. Addressing a 'road show' and preliminary meeting organized in this regard at a private hotel in the city today, he said that 'Advantage Assam - 2.0' organized by the Government of Assam and the Assam Industrial Development Corporation will focus on semiconductor, electronics, defence, renewable energy, technology and He said that there are ample opportunities for investment in areas like mobility and fragrances and flavors and companies should utilize this to make Assam a developing state. As...

Jan162025 by FWMNo Comments

Strong growth of 6.1% YoY in CC, 80 bps YoY operating margin expansion

Business & Finance

https://youtu.be/Tb9DSxuqRi0 Bengaluru, India – January 16, 2025: Infosys (NSE, BSE, NYSE: INFY), a global leader in next- generation digital services and consulting, delivered strong and broad-based performance with $4,939 million in Q3 revenues, growth of 1.7% sequentially and 6.1% year on year in constant currency. Operating margin for Q3 was at 21.3%, increase of 0.2% sequentially. Free cash flow for Q3 was highest ever at $1,263 million, growing 90% year on year. TCV of large deal wins was $2.5 billion, with 63% net new growing at 57% sequentially. Headcount increased for second consecutive quarter. Revenues for YTD Dec’24 grew at 3.9% year on year in constant currency and in reported terms. Operating margin was at 21.2%, increase of 0.3% year on year. “Our strong revenue g...

Jan92025 by FWMNo Comments

Puravankara Expands Land Portfolio with Strategic Acquisition in Kanakapura Road, with a potential GDV of over Rs 700 crore

Business & Finance, News

Thursday, Jan 09, 2025 14:01:28 Bengaluru, 09 January 2025: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real estate developers, has acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru. This acquisition aligns with the company’s strategic vision to expand its footprint in key Bengaluru micro-markets with robust infrastructure, connectivity, and residential demand. The recently acquired land parcel in Vajrahalli, Kanakapura Road, spans an area of 3.63 acres, with a saleable area of 5.42 lakh sq ft and a total estimated Gross Development Value of Rs 700+ crore. Commenting on the acquisition, Ashish Puravankara, Managing Director, Puravankara Limited, said: "We are excited to announce the acquisition of this land parcel at a p...

Jan92025 by FWMNo Comments

DPIIT Partners with JK Cement to Support Product Startups, Innovators, and Entrepreneurs

Architecture, Business & Finance, News

New Delhi, India Jan 09, 2025 13:41 IST DPIIT joins Hands with JK Cement to prop up Product Startups, Innovators, And Entrepreneurs A Step Forward to Boost Manufacturing Sector towards Innovation and Global Leadership A Memorandum of Understanding (MoU) has been signed between the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry and JK Cement, a leading manufacturer of grey and white Cement, to usher innovation, empower entrepreneurs, and strengthen India’s manufacturing ecosystem. DPIIT join Hands with JK Cement According to DPIIT, this strategic collaboration aims to transform India into a global manufacturing hub by nurturing product startups, innovators, and entrepreneurs. The partnership will enable ...

Dec132024 by FWMNo Comments

Rajiv Bajaj’s Rishabh Family Trust Buys Land in Pune for Rs. 72 crore: Square Yards

Business & Finance

Thu, Dec 12, 2:14 PM In a significant real estate transaction, Rishabh Family Trust, with Rajivnayan Bajaj as one of its trustees, has acquired a land parcel in Pune’s upscale Koregaon Park locality for Rs. 72 crore, according to a report by Square Yards. Koregaon Park is renowned for its luxury bungalows, trendy cafes, boutique stores, and vibrant lifestyle, making it a sought-after destination for high-end real estate investments. Its central location, proximity to Pune’s airport, and robust connectivity further enhance its appeal. The purchase includes a 4,667.30-square-meter (approximately 1.15 acres) plot, along with a bungalow and an outhouse situated on the property, according to Square Yards. The built-up area amounts to 1,493.70 square meters (approximately 16,079.68 square fee...

Nov292024 by FWMNo Comments

DBS Bank Leverages Asian Network, Digital Expertise to Enhance Wealth Offering for HNI and NRI customers

Business & Finance, News

DBS Bank launches digital account opening for Non-Resident Indians (NRIs) that lets new customers complete the account opening process, besides document submission, in an industry-leading 60 minutes[1] DBS opens new flagship branch in Indiranagar, Bengaluru designed for High-Net-worth Individuals (HNIs) and Non-Resident Indians (NRIs) to service both onshore and offshore banking needs DBS high net worth customers can now avail premium banking in all of DBS’s six key markets in Asia; being a DBS Treasures customer in one market gives them the same DBS Treasures privileges in all DBS markets Bengaluru, 28 November, 2024 – DBS Bank has announced a significantly enriched wealth proposition for its customers in India, building on its existing offering and introducing new, digitally e...

Nov292024 by FWMNo Comments

Bank of Baroda raises Rs. 3,500 crore at a coupon of 7.41% p.a. through the issuance of Basel III Compliant Tier II Capital Bonds

Business & Finance

Mumbai, November 28, 2024: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced that it has raised Rs. 3,500 crore through the issuance of Basel III Compliant Tier II Capital Bonds. The Bank received a strong response from investors, which allowed it to price the issue at a very competitive coupon of 7.41% p.a. The Bank received a total of 120 bids amounting to Rs. 9,500 crore against the base issue size of Rs. 1,000 crore and a Greenshoe option to retain oversubscription up to Rs. 2,500 crore (total issue size of Rs. 3,500 crore). This translates to oversubscription of 9.5 times of the base issue size and ~2.7 times of the total issue size. The Bank accepted bids for Rs. 3,500 crore at a coupon of 7.41% p.a. The bonds are rated ‘AAA’ with a Stable outlook...

Nov202024 by FWMNo Comments

BFSI and Flex Spaces Emerged as Key Demand Drivers for Office Spaces: Vestian

Business & Finance, News

Delhi, 19th November 2024: In the third quarter of 2024, BFSI and Flex Spaces emerged as key demand drivers for office spaces. . These sectors account for 39% of the pan-India absorption in Q3 2024, an increase of 20% from the previous quarter. Conversely, the share of IT-ITeS sector declined from 38% in Q2 2024 to 23% in the current quarter. This demand shift may alter the demand-supply dynamics across the country. Q3 2024 recorded the highest quarterly absorption rate in 2024, totalling 18.61 million square feet amid heightened geopolitical tensions in the Middle East. Moreover, an increase of 17% over the previous year and 9% compared to the last quarter in absorption could be attributed to India’s robust GDP growth compared to other major economies of the world which lured several ...