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Brookfield India REIT Raises Rs ~2,305 Crore via Private Placement, Eyes Gurugram and Mumbai Assets Acquisition

Brookfield India REIT Raises Rs ~2,305 Crore via Private Placement, Eyes Gurugram and Mumbai Assets Acquisition

Brookfield India REIT is among four listed Real Estate Investment Trusts (REIT) on Indian stock exchanges. Its portfolio comprises five large campus format office parks located in Mumbai, Gurugram, Noida, and Kolkata. The portfolio consists of 18.7 million square feet comprising 14.3 million square feet of completed area, 0.6 million square feet of under construction [...]
Godrej Board approves Rs 155 crore for housing repair in Gurugram; offers relief via buybacks

Godrej Board approves Rs 155 crore for housing repair in Gurugram; offers relief via buybacks

Godrej Properties, which is part of business conglomerate Godrej Group, is one of the leading real estate firms in the country. It has a major presence in Mumbai-Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru. Godrej Properties on Wednesday said its board has approved Rs 155 crore for repair work in its completed housing project 'Godrej [...]
CRED Launches RuPay Credit Card UPI Payments, Completes a Full Suite of Payments Services

CRED Launches RuPay Credit Card UPI Payments, Completes a Full Suite of Payments Services

CRED is a Bangalore based fintech company that offers short term credit lines and peer-to-peer payments service. CRED now extends the power of credit cards to a seamless, secure and rewarding UPI experience Bengaluru, Karnataka, India. CRED, in collaboration with NPCI has launched RuPay credit card-based UPI payments on CRED for members. CRED currently supports [...]
TVS Motor Company Reported Sale Growth of 4% in July 2023; Domestic sales grew by 17%

TVS Motor Company Reported Sale Growth of 4% in July 2023; Domestic sales grew by 17%

The TVS Motor Company is a well-known two- and three-wheeler manufacturer with four cutting-edge production sites in Hosur, Mysuru, Nalagarh, India, and Karawang, Indonesia. The company promotes progress through Sustainable Mobility. Based on the J.D. Power IQS and APEAL surveys, the company's products are at the top of their respective categories. For four years running, [...]
Redington Ltd Posted a Q1FY24 consolidated profit of Rs. 255.20 Cr

Redington Ltd Posted a Q1FY24 consolidated profit of Rs. 255.20 Cr

Technology-related goods and services are offered by Redington Ltd (Redington). Offerings from the company's IT division include PCs, laptops, tablets, notebooks, smartphones, desktop computers, printers, wearables and accessories, solar energy devices, and lifestyle goods like gaming and consumer audio items. It conducts business through a network of sales offices, warehouses, own service centres, partner service [...]
Aeroflex Industries to get SEBI nod for IPO of Rs 350 Cr

Aeroflex Industries to get SEBI nod for IPO of Rs 350 Cr

Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has received capital markets regulator SEBI's go ahead to raise funds through an initial share-sale. The IPO consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities -- Sat [...]
Ambuja Cement’s Jun quarter profit increased by 31.2%, revenue by 8.46%

Ambuja Cement’s Jun quarter profit increased by 31.2%, revenue by 8.46%

Among the top cement producers in India is Ambuja Cements Ltd. It's part of the Adani Group, which has the largest and fastest-growing portfolio of sustainable enterprises. It has become the most trusted brand in the Indian cement sector mainly to its distinctive products that are specifically designed for the country's climatic conditions, sustainable operations, [...]
Sundaram Home Finance’s Q1 2024 Net Profit Surges 21.4%, Targets Self-Employed Segments for Steady Growth

Sundaram Home Finance’s Q1 2024 Net Profit Surges 21.4%, Targets Self-Employed Segments for Steady Growth

Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance Ltd, would continue to pivot around self-employed customer segments as part of its growth strategy, a top official said on Wednesday. The city-based company reported a 21.4 per cent rise on its net profit for the April-June 2023 quarter at Rs 57.42 crore, from Rs [...]