Raymond Limited (RL) has announced the vertical demerger of its Real Estate (RE) Business. RE business will be first demerged into its wholly owned subsidiary, Raymond Realty Limited (RRL). Upon completion of this demerger, Raymond Ltd and Raymond Realty Limited (RRL) will operate as separate listed entities within the Raymond Group post all statutory approvals. … Read more
In the last couple of years, the demand for retail real estate in India has been vibrant. In 2023, it touched an all-time high of 7.1 million square feet across the top eight cities in India, 47 per cent higher than in 2022, as per data shared by CBRE. With this, several global luxury brands … Read more
HDFC Bank will undertake a system upgrade on July 13, wherein it will migrate its core banking system (CBS) to a new engineered platform to enhance customer experience, the bank said on Monday. The migration will allow the bank to improve performance speed, expand capacity to handle high traffic volume, and boost reliability and scalability, … Read more
Indian health insurer Niva Bupa has filed for an initial public offering (IPO) to raise up to Rs 3,000 crore (nearly $360 million), draft papers showed on Monday. Â The company, majority owned by British United Provident Fund (Bupa), said it will issue fresh shares worth up to Rs 8 crore as part of the offering. … Read more
Modi in Space! Prime Minister Narendra Modi can fly to space when India’s first human mission, ‘Gaganyaan’ will become operational, said Indian Space Research Organisation (ISRO) Chairman S Somnath while expressing pride in taking the head of state to space. “While he (PM Modi) certainly has many other, more critical responsibilities, developing a human spaceflight … Read more
Strong buyer confidence has kept property registrations in Mumbai above the 10,000 mark for the first six months of the 2024 calendar year | Photo: Shutterstock 2 min read Last Updated : Jun 30 2024 | 1:06 PM IST The registration of properties in the Mumbai municipal region rose 12 per cent annually in June … Read more
India has initiated an anti-dumping probe into the import of glass fibre from China, Thailand, Bahrain following a complaint by a domestic player. The duty is aimed at protecting the domestic industry from cheap imports. The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of glass fibres and … Read more
Investment holding companies (IHC) rallied on Friday following the announcement of an alternative framework for their delisting. Shares of Kalyani Investment, Bombay Burmah, and Summit Securities surged between 7 per cent and 11 per cent. The Securities and Exchange Board of India (Sebi) on Thursday announced that with the entire public shareholding being extinguished, the … Read more