Business & Finance – Page 5 – Property World Global

May252024 by FWMNo Comments

Women Role Models in STEM Shine at myAvtar Career Conference, 2024

Avtar Group awards women in the STEM field at the myAvtar Career Conference (MACC), 2024  Companies open up more than 500 jobs for Women in STEM at MACC  More than 5000 women attendees participated in the hybrid conference Bengaluru, May 25, 2024: Avtar Group, India’s leading Diversity, Equity and Inclusion (DEI) Solutions firm, hosted the myAvtar Career Conference (MACC) at Karnataka Trade Promotion Organization (KTPO), Bengaluru today. myAvtar Career Conference (MACC), the career extravaganza brought together inclusive companies and a vast pool of women talent from the field of Science, Technology, Engineering, Mathematics (STEM) under one roof. Participating Companies included, Aditya Birla Group, Publicis Sapient, Broadridge Financial Solutions India Limited, Moody’s, Renault...

May202024 by FWMNo Comments

Varthana Secures 3 Million Euros (INR 27 Crores) Funding from Triodos Investment Management

Business & Finance, News

Bengaluru, 20, May 2024: Varthana, a leading Non-Banking Finance Company (NBFC) in the affordable education sector, has successfully secured 3 million Euros (INR 27 crores) funding from Triodos Investment Management through Non-Convertible Debentures (NCD). This funding marks a significant milestone in Varthana's mission to empower the education sector in India. Netherlands-based Triodos Investment Management, known for its commitment to sustainable and impactful investments, recognizes Varthana's dedication to providing accessible financing solutions to educational institutions across India. The funding – provided through Triodos Fair Share Fund - will enable Varthana to further expand its reach and support more schools and students in upgrading their infrastructure, facilities, and ...

May202024 by FWMNo Comments

Henderson Park Acquires Iconic Arizona Biltmore From Blackstone Real Estate for $705 Million

Business & Finance, News, World

Phoenix & New York – May 20, 2024 – Henderson Park, the international private equity real estate firm, announced today that it has completed the acquisition of the Arizona Biltmore resort in Phoenix, Arizona, from Blackstone Real Estate for $705 million. The iconic 705-key, luxury, full-service hotel has recently undergone a substantial renovation with broad appeal to premier leisure, corporate and group guests, underpinned by growing demand in the submarket. Originally opened in 1929, set on 39 acres of land and located in the heart of Phoenix a mere 15 minutes from Sky Harbor International Airport, the "Jewel of the Desert” resort boasts an impressive amenity offering including over 200,000 sq ft of meeting space; seven swimming pools; multiple food and beverage outlets; and a ...

May142024 by FWMNo Comments

Occupiers across major markets in India willing to pay higher rentals for quality office supply

Business & Finance, News

Ø Superior quality new office spaces command up to 20% higher rental premium over average quoted rentals in select premium micro markets Ø GCCs drive India office space demand, with 37% share in overall leasing activity of Q1 2024 INDIA, 9th May 2024 – Despite a cost-conscious mindset, occupiers across the Asia Pacific region are willing to pay higher rentals for superior quality offices, particularly in locations which facilitate talent acquisition, according to Colliers’ latest edition of Expert Insights | Asia Pacific Office Markets April 2024. The report highlights the rising priority of APAC business leaders across industries to optimise resources, maximise savings and drive growth as they navigate a dynamic business landscape in 2024. India's top office markets too have ...

May102024 by FWMNo Comments

RAK Ceramics Announces Q1 2024 Financial Results

Architecture, Business & Finance, Home Improvement, Lifestyle, News

May 2024 Group revenue: Experienced a decline of 11.4% to AED 781.6 million in Q1 2024, owing to ongoing geopolitical challenges and market conditions in core markets except the UAE market.  Gross profit margin: Robust improvement of 70bps year-on-year to reach 39.3% for Q1 2024, on account of production efficiencies, lower gas prices in the UAE and improved sales of premium and differentiated products.  EBITDA performance: Year-on-year decrease of 3.9% in Q1 2024 to reach AED 151.0 million, accompanied by notable margin growth of 150bps at 19.3%.  Net profit after tax: Q1 2024 net profit decreased 21.5% year-on-year to reach AED 62.9 million, with net profit margin decreasing to 8.0% compared to 9.1% in Q1 2023.  Financial health: Net debt decreased by AED 54.3 million in Marc...

May102024 by FWMNo Comments

Thermax Group posts consistent quarterly and annual growth in revenue and net profit

Business & Finance, News

For FY ‘24, operating revenue increased by 15% and PAT surged by 43% Pune: May 10, 2024 Thermax, a leading provider of energy and environment solutions and a trusted partner in energy transition, reported its results for the fourth quarter ended March 31, 2024. The company recorded a consolidated operating revenue of Rs. 2,764 crore in the fourth quarter of FY 2023-24, 20% higher as compared to Rs. 2,311 crore in the corresponding quarter of the previous fiscal year. The Company’s consolidated profit after tax (PAT) stood at Rs. 188 crore (Rs. 156 crore), an increase of 20% over the corresponding quarter of FY 2022-23. The order balance for the quarter was Rs. 10,111 crore (Rs. 9,752 crore), up by 4% from the corresponding quarter of the previous fiscal year. The order booking for t...

May92024 by FWMNo Comments

Key Order Wins in Renewables and Grid Systems reflect L&T’s dominance in Clean Energy Space

Business & Finance, News

Mumbai, May 08, 2024 : The Power Transmission & Distribution (PT&D) business of Larsen & Toubro has won multiple orders in India and abroad which stand testimony to its dominant position in the region’s clean energy space. The business has bagged orders to establish two Floating Solar Plants in India. The orders comprise a cumulative floating solar capacity of more than 150 MWac, in addition to a ground-mounted Solar PV of 120 MWac capacity. Floating Solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/ lake/ abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil works. There are other site-specific merits too, besides r...

May82024 by FWMNo Comments

“We are building futuristic digital solutions by integrating technology across all our customer touchpoints-Ms. Kavita Jagtiani, Chief Marketing Officer, L&T Finance Ltd. (LTF)

Architecture, Business & Finance, Home Improvement, Lifestyle, News

L&T Finance Ltd. unveils TV commercials for the launch of ‘The Complete Home Loan’ Also launches its sonic brand identity with a musical logo https://youtu.be/TIbMt8NnCCQ Mumbai/Delhi, May 07, 2024: L&T Finance Ltd. (LTF), one of the leading retail financiers, introduces its latest TV commercials, set to revolutionise the way people perceive home loans. Titled ‘The Complete Home Loan’, the TV commercials combine witty humour with relatable scenarios to create situations that are entertaining as well as informative, with the tagline, ‘Kum Nahi, Complete.’ The Company has launched a series of three TV commercials, with first commercial introducing the customers to ‘Home Décor Finance’ and the second and third introducing the customers to benefits such as ‘Digitized Pro...

May22024 by FWMNo Comments

Indegene IPO to open on May 6,2024

Business & Finance, News

BENGALURU INDIA 2 MAY 2024 The Initial Public Offering (IPO) of Indegene Limited is going to hit the Indian primary market on 6th May 2024 i.e. on Monday next week.The bidding period will extend for three days, concluding on Wednesday, May 8, 2024. The company, which provides digital services to the life science industry, recently declared the Indegene IPO price band at ₹430 to ₹452 per equity share The proceeds from the fresh issue of equity shares are said to be utilized for the repayment and prepayment of indebtedness of one of its principal subsidiaries, ILSL Holdings Inc, and for meeting capital expenditure requirements of Indegene Inc, another key subsidiary of the company.Additionally, the funds will also be used towards general corporate purposes and inorganic growth. ...

Apr292024 by FWMNo Comments

Technology Firm I Square Tek Sets Up India Offshore Development Centre for HPE Aruba Networking in Bengaluru

Business & Finance, News

Bengaluru, Karnataka, India Apr 29, 2024 16:30 IST The Offshore Development Centre will run global network support operations and cyber security services for HPE Aruba Networking. I Square Tek has Sony, HPE Aruba Networking, Mahindra Comviva, Lumen Technologies, Tata Communication among others as its clients. Bengaluru-based technology firm I Square Tek opened the India Offshore Development Centre for Hewlett Packard Enterprise Aruba Networking in Bengaluru on Sunday. Mr Prathap Rajendra and Ms Arunone Theer Shal from HPE Aruba Networking inaugurating the new ODC facility of I Square Tek in Bengaluru The Offshore Development Centre (ODC) of I Square Tek will provide 24x7 support for global Enterprise customers. I Square Tek is an emerging leader in Network...