JSW Steel reports 29% YoY rise in crude steel production in Q2 JSW Steel Ltd reported a 29% YoY increase in crude steel production at 5.07 million tonnes (MT) for the quarter ended Sept (Q2 FY22). The capacity utilisation at the standalone level was at 91% during the quarter. For the six months ending September […]
Adani Ports gets approval to acquire 10.4% stake in Gangavaram Port Adani Ports and Special Economic Zone Ltd (APSEZ) has received approval from the Andhra Pradesh government to acquire a 10.4% stake in Gangavaram Port. The consideration to be paid for the acquisition is Rs 644.78 crore. The transaction is expected to be completed within […]
HDFC Bank Q4 Results: Net profit rises 18% YoY to Rs 8,186 crore HDFC Bank reported an 18.2% year-on-year (YoY) rise in standalone net profit to Rs 8,186.5 crore for the quarter ended March (Q4). On a quarterly basis, net profit has declined 6.5%. Net interest income (NII) increased by 12.6% YoY to Rs 17,120 […]
Supreme Court upholds Tata Sons’ decision to sack Cyrus Mistry as chairman The Supreme Court (SC) on Friday upheld the Tata Group’s decision to sack Cyrus Mistry as chairman of the group. A three-judge bench of SC, led by CJI Justice S A Bobde, set aside the National Company Law Appellate Tribunal (NCLAT) order that […]
Barbeque Nation IPO subscribed 1.33 times on first day of bidding The Rs 452.87-crore initial public offering (IPO) of Barbeque Nation Hospitality Limited was subscribed 1.33 times on the first day of bidding. The IPO has received bids for 66.46 lakh equity shares against an offer size of 49.99 lakh shares. The portion reserved for […]
Prestige Estates sells assets worth Rs 7,467 crore to Blackstone Group Prestige Estate Properties Ltd has sold assets worth Rs 7,467 crore to investment firm Blackstone Group as part of the first phase of a Rs 9,160 crore deal. Phase-1 of the transaction included the sale of 12 assets comprising of completed retail, office, and […]
Adani Ports to develop West Container Terminal at Colombo Port Adani Ports and Special Economic Zone Ltd (APSEZ) will develop the West Container Terminal (WCT) at Colombo Port. The Sri Lankan cabinet, on Tuesday, approved the plan through a tripartite understanding with India and Japan. WCT will have a 1,400-metre quay wall, terminal area of […]
With the removal of lockdown restrictions, the real estate sector has been witnessing a strong sales growth. Developers feel that India's present economic conditions are highly favourable for them. In this article, find out what the 'real estate cycle' is all about. Also, read more about the listed companies that could beneift in the current scenario.