Sunday, June 1News That Matters

Business & Finance

Bollywood Actor Akshay Kumar Sells Apartment in Mumbai for Rs. 4.35 Crore: Square Yards

Bollywood Actor Akshay Kumar Sells Apartment in Mumbai for Rs. 4.35 Crore: Square Yards

Business & Finance, News
Mon, Mar 10, Bollywood star Akshay Kumar has sold his apartment in Borivali East, Mumbai, for Rs. 4.35 crore, according to property registration documents reviewed by Square Yards on the website of Inspector General of Registration (IGR) https://igrmaharashtra.gov.in. The transaction was registered in March 2025. Borivali, on Mumbai's northwestern edge, is known for attractions like Sanjay Gandhi National Park, Kanheri Caves, and amusement parks like Water Kingdom and Essel World. Borivali East is favoured for its greenery, proximity to parks, and connectivity to Kandivali East, Dahisar East, and Borivali West. The property is located in Sky City, developed by Oberoi Realty and spread across 25 acres. It is a ready-to-move-in residential project offering 3BHK, 3BHK+Studio, and Duple...
Delhi-NCR Enters Rs 1 Lakh Crore Housing Sales Club in 2024, Pips Mumbai & Hyderabad: PropEquity

Delhi-NCR Enters Rs 1 Lakh Crore Housing Sales Club in 2024, Pips Mumbai & Hyderabad: PropEquity

Business & Finance, News
The sales value in India’s top 9 cities rose by 12% to Rs 6.73 lakh crore in 2024. Sales value in Delhi-NCR grew by 63% in 2024 to Rs 1.53 lakh crore with Gurugram alone crossing Rs 1 lakh crore threshold in 2024. Sales value in Mumbai grew by 13% and declined by 18% in Hyderabad in 2024. Delhi-NCR, Mumbai and Hyderabad account for 60% share of total sales value in top 9 cities in 2024. Sales value in Gurugram at Rs 1.07 lakh crore has surpassed Hyderabad. Hyderabad saw four consecutive years (2020-23) of rising sales while declining to its lowest sales since 2021 in CY 2024.  New Delhi, March 11, 2025: Delhi-NCR has pipped Mumbai and Hyderabad to emerge as the top selling housing market in 2024 owing to 66% growth in sales value in Gurugram alone. With this, Delhi-NCR ...

Wonderchef Expands Southern Presence with 30th Exclusive Store, Plans to Double EBOs by 2026

Architecture, Business & Finance, LIFE & ARTS, Lifestyle
PHOTOS BY P K ANANTH KUMAR Bengaluru 11th March 2025 : Wonderchef, the premium kitchen appliance brand co-founded by Chef Sanjeev Kapoor and Ravi Saxena, reinforced its strategic focus on the southern market with the grand inauguration of its 30th Exclusive Brand Outlet (EBO) at Garuda Mall, Bengaluru. This expansion aligns with Wonderchef’s aggressive plans to double its EBO count in the coming financial year, with a strong emphasis on strengthening its footprint across southern India. Addressing media and customers at the event, Chef Sanjeev Kapoor highlighted the region’s rapidly growing demand for innovative kitchen solutions. “Southern India is a pivotal market for Wonderchef. With Bengaluru at its heart, we’ve witnessed remarkable traction for our smart kitchen appliances and heal...
Aditya Birla Housing Finance Launches ‘Khushi’ – Customised Home Loans Offerings for Women Borrowers

Aditya Birla Housing Finance Launches ‘Khushi’ – Customised Home Loans Offerings for Women Borrowers

Business & Finance
Simplifying women’s journey to homeownership with flexible financing solutions of loan amounts ranging from Rs. 5 lakh to Rs. 1 crore Mumbai, Maharashtra, India  Saturday, Mar 08, 2025 13:03:38  Aditya Birla Housing Finance Limited (“ABHFL”), a wholly owned subsidiary of Aditya Birla Capital, India’s leading diversified financial services company, has launched ‘Khushi’, a customised home loan offering for women borrowers to help them on their path to homeownership. For many women, owning a home symbolizes independence and financial security. ‘Khushi’ makes this aspiration a reality by offering flexible financing solutions tailored to diverse needs, with loan amounts ranging from Rs. 5 lakh to Rs. 1 crore. The initiative integrates ABHFL’s existing offerings, such as Pragati Home Loan an...
INDIAWOOD 2025: 25 Years of Driving Innovation in Woodworking & Furniture Manufacturing

INDIAWOOD 2025: 25 Years of Driving Innovation in Woodworking & Furniture Manufacturing

Architecture, Business & Finance, LIFE & ARTS, Lifestyle, News
NEW DELHI, March 4, 2025 /PRNewswire/ -- Marking a quarter-century of industry advancements & growth, INDIAWOOD 2025, the leading trade fair for woodworking and furniture manufacturing, will take place from March 6-9, 2025, at India Expo Mart & Centre (IEML), Greater Noida, Delhi NCR. As part of NuernbergMesse global woodworking portfolio, this milestone edition reflects India's emergence as a manufacturing powerhouse and a key global player in the furniture and woodworking industry. INDIAWOOD's 25-Year Legacy: From Local Showcase to Global Influence Since its inception, INDIAWOOD has shaped the industry's growth, bringing together manufacturers, suppliers, technology leaders, and professionals on a single platform. Over the past two and a half decades, it has played a pivo...
PNB Launches “Home Loan Expo 2025” to Empower Homebuyers with Exclusive Offers

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

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

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

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

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

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...