Tuesday, September 16News That Matters

News

KONE to equip Binghatti Skyrise in Dubai 

KONE to equip Binghatti Skyrise in Dubai 

Architecture, News
KONE Corporation,  September 1, 2025 PHOTO COURTESY-KONE CORPORATION. KONE Corporation, a global leader in the elevator and escalator industry, has won an order to provide a suite of People Flow® solutions for Binghatti Skyrise, a new three-tower residential development rising 250 meters in Dubai’s Business Bay. The project will bring premium apartments and accommodate over 3,500 people daily, adding to the city’s modern skyline. Developed by Binghatti, the Skyrise project will be completed in March 2027. The three towers will share a common podium and parking structure, contributing to Dubai’s reputation as a global hub for innovative high-rise living. KONE and Binghatti have a long-standing collaboration, working together on several landmark developments across Dubai. Bui...
Volvo Construction Equipment completes divestment of SDLG equity

Volvo Construction Equipment completes divestment of SDLG equity

Business & Finance, News
September 1, 2025 Volvo Construction Equipment (Volvo CE) has completed its previously communicated divestment of its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB). The transaction is expected to have a positive effect of approximately SEK 1 billion on operating income as of closing, subject to currency fluctuations. Going forward, Volvo CE will be targeting focused customer segments in China and enhance its utilization of the Chinese supplier eco system.
Navi Mumbai Steps onto the Global Stage with Raheja Universal’s World Trade Center Navi Mumbai at Raheja District, Vashi NX

Navi Mumbai Steps onto the Global Stage with Raheja Universal’s World Trade Center Navi Mumbai at Raheja District, Vashi NX

News
Scott Wang, VP – Asia Pacific, WTCA, inaugurates show office; marks milestone in the project's journey MUMBAI, India, Aug. 29, 2025 /PRNewswire/ -- A new chapter in Navi Mumbai's business story is being written with the pre-launch of the World Trade Center (WTC) Navi Mumbai at Raheja District, Vashi NX. Bringing the globally recognised brand to one of India's fastest-rising growth corridors, this landmark marks the city's first integrated WTC ecosystem, and positions it as a future gateway for global trade and enterprise. Scott Wang at Raheja District, Vashi NX More than an office project, WTC Navi Mumbai is envisioned as a business destination with lifestyle at its core, combining premium-grade office spaces, high-street retail, leisure, wellness, and residences wit...
UNIQLO OPENS FIRST STORE IN BENGALURU

UNIQLO OPENS FIRST STORE IN BENGALURU

LIFE & ARTS, Lifestyle, News
August 29, 2025, Bengaluru, India - Global apparel retailer UNIQLO today opened the doors to its first-ever store in Bengaluru, marking a significant milestone in its India journey. Cricket legend, and Bengaluru local, Rahul Dravid joined the launch celebrations at UNIQLO Orion Mall, Brigade Gateway, where he participated in the ribbon-cutting ceremony alongside UNIQLO India representatives, drawing a crowd of excited customers and fans. Spread across 9,012 square feet on the ground floor of the mall, UNIQLO Orion Mall Brigade Gateway, Bengaluru introduces the brand’s signature LifeWear philosophy to the city: high-quality, functional clothing designed to improve everyday life. This marks UNIQLO’s 17th store in India and its very first in South India. https://www.youtube.com/shorts/Z...
Insomniacs Unites India’s Top 10 Real Estate Voices on a First-Ever Road Trip from Mumbai to Gurugram

Insomniacs Unites India’s Top 10 Real Estate Voices on a First-Ever Road Trip from Mumbai to Gurugram

News, PROPERTY MATTERS
A Cross Country Caravan Redefining Real Estate and Infrastructure Storytelling Mumbai, Maharashtra, India -- The story of Indian real estate is no longer confined to boardrooms or brochures. It is written on highways, in bustling city streets, and through the voices of those shaping tomorrow. This September, Insomniacs is set to launch The Realty Drive 2025, a one of a kind road trip from Mumbai to Gurugram, with pit stops at Ahmedabad, Surat, Jaipur and Noida. Unlike a traditional event, The Realty Drive 2025 is a travelling caravan designed to decode India’s urban blueprint exploring real estate growth, infrastructure revolutions, cultural flavors, and heritage backdrops. The journey begins in Mumbai, India’s financial heartbeat and luxury benchmark, before moving to...
Signify Inaugurates Philips Smart Light Hub in Malappuram, Kerala

Signify Inaugurates Philips Smart Light Hub in Malappuram, Kerala

Architecture, Home Improvement, LIFE & ARTS, Lifestyle, News
Malappuram, Kerala, India-Aug 25, 2025 14:00 IST A one-of-its-kind experience store spread across 2500 sq. ft offering a wide array of over 500+ SKUs of innovative home lighting products In line with Signify’s #BrighterLivesBetterWorld vision, this is the latest addition to the growing network of Philips Smart Light Hubs across India. Tapping customers across India, Signify (Euronext: LIGHT), the world’s leading lighting company, announced the launch of Philips Smart Light Hub (SLH) in Malappuram, Kerala. Spanning an impressive 2500 square feet, the store features a vast selection of over 500+ SKUs, offering a holistic shopping experience to customers. Rajat Pahwa, Business Head India, Smart Homes, Signify Greater India inaugurating the Philips Smart light Hub i...
Only Eco-Friendly Ganesha Idols Allowed for Immersion at Halasuru Lake Kalyani: Snehal

Only Eco-Friendly Ganesha Idols Allowed for Immersion at Halasuru Lake Kalyani: Snehal

News
Bengaluru, August 21: In view of the upcoming Gauri-Ganesha festival, the manufacture, sale, and immersion of Ganesha idols made of Plaster of Paris (POP), thermocol, and chemical-based paints have been completely prohibited within the limits of the East Zone, stated Zonal Commissioner (East), Snehal At the Halasuru Lake Kalyani, immersion of only eco-friendly Ganesha idols will be permitted from August 27, 2025, to September 30, 2025. Furthermore, due to ongoing desilting operations at Halasuru Lake Kalyani, idol immersion will not be allowed on the following dates: September 1, 2025, September 2, 2025, September 8, 2025, and September 9, 2025. In the interest of environmental conservation and to maintain the purity of water bodies, the cooperation of the public is earnestly r...
Destination by Hyatt Expands the “Roots to Reunion” Program, Unveiling New Destinations that Invite Multigenerational Families to Reclaim the Art of Presence

Destination by Hyatt Expands the “Roots to Reunion” Program, Unveiling New Destinations that Invite Multigenerational Families to Reclaim the Art of Presence

News
Now spanning 10 resorts, the enhanced program offers personalized planning support, curated family experiences and destination-led stays designed to meet the evolving needs of today’s multigenerational travelers. CHICAGO (August 25, 2025) – Following a successful debut in 2024, the Destination by Hyatt brand is expanding its “Roots to Reunion” program, designed to help multigenerational families Discover Differently. Now available at 10 true-to-place properties from California to the United Kingdom, the program offers curated itineraries, on-site Family Travel Experts, and immersive experiences tailored to every kind of gathering. Whether celebrating milestones or simply reconnecting, families can now explore even more destinations together with intention and ease. “Families today are ...
Get Away to Go Within: World of Hyatt Launches Restorative Retreats for Personal Renewal

Get Away to Go Within: World of Hyatt Launches Restorative Retreats for Personal Renewal

News
New collection of immersive wellbeing experiences invites travelers to connect, inspire and explore across three tranquil, nature-rich destinations. CHICAGO (August 25, 2025) – Hyatt Hotels Corporation (NYSE: H) announces the debut of Retreats by World of Hyatt, a limited-time collection of immersive wellbeing journeys across several U.S. destinations. Rooted in Hyatt’s signature approach to care, each multi-day getaway is thoughtfully crafted to inspire community, discovery and rejuvenation through restorative settings and holistic programming – all offered in seamless, easy-to-book packages designed to nourish the mind, body and spirit. “Today’s travelers want more than just a relaxing getaway – they are seeking meaningful experiences that inspire and reconnect them to what matters m...
Square Yards Q1FY26: Revenue Up 45%; Gross Margins Double; EBITDA Swings 37 crore YoY

Square Yards Q1FY26: Revenue Up 45%; Gross Margins Double; EBITDA Swings 37 crore YoY

Business & Finance, News, PROPERTY MATTERS
Gurugram, Haryana, 25th August 2025 – Square Yards, India’s largest integrated real estate and mortgage platform, has announced its financial results for Q1FY26, reporting a revenue of INR 378 crore and EBITDA of INR 4.4 crore on the back of INR 70 crore gross profit. With these results, the company saw first ever profitable Q1 on the back of doubling of Gross Margins (Y-Y) to 18% and revenue growth of 45%. Key Q1FY26 Highlights: Square Yards reported a revenue of approximately INR 378 crore, marking a year-over-year growth of around 45% from INR 260 crore in Q1FY25. The company facilitated over 55,771 transactions and achieved a Gross Transaction Value (GTV) of INR 18,480 crore in Q1FY26. The Q1FY26 demonstrated the potential of operational leverage in the business, with gro...