Business

Real estate major Puravankara Limited has announced that it has bagged redevelopment rights worth ₹2,100 crore gross development value (GDV) for a major project in Mumbai’s western suburbs. This strategic deal marks the Bengaluru-based developer’s significant push into Mumbai’s lucrative redevelopment market, which is increasingly attracting pan-India players eyeing high-value growth opportunities. Project details The…

In a historic transaction reflecting Mumbai’s evolving film and real estate landscape, Filmistan Studios, one of India’s oldest and most iconic film studios, has been sold for a whopping ₹183 crore. Founded by Sashadhar Mukherjee, grandfather of Bollywood stars Kajol and Rani Mukerji, Filmistan has been central to India’s cinematic journey for over seven decades….

In a major boost to Mumbai’s urban renewal landscape, Adani Properties and Maharashtra Housing and Area Development Authority (Mhada) have formally entered into an agreement to undertake one of the largest redevelopment projects in the city’s history. The project is expected to transform thousands of aging tenements into modern, high-rise residential and commercial complexes, enhancing…

Castrol India, one of the country’s leading lubricant companies, has appointed Mrinalini Srinivasan as its new Chief Financial Officer (CFO) effective immediately. This strategic appointment comes as Castrol India looks to consolidate its market leadership while navigating evolving sectoral dynamics, electric mobility transitions, and digital transformation priorities. Who is Mrinalini Srinivasan? Mrinalini Srinivasan is a…

Siemens Energy India reported a robust performance for the latest quarter, registering a 36.34% year-on-year rise in net profit to ₹246.1 crore, driven primarily by strong revenue growth from its power transmission and generation segments. The announcement, made after the Board meeting held recently, signals a strengthening of India’s energy infrastructure sector amid rising domestic…

HDFC Bank, India’s largest private sector lender by assets, has reported robust growth in its Q1 FY26 business update, with significant expansion in deposits and advances, highlighting sustained retail credit demand and strong corporate lending momentum despite a high interest rate environment. Key Highlights HDFC Bank Q1 FY26 Snapshot Particulars June 2024 (₹ lakh cr)…

In a significant development for India’s cement industry, Ultratech Cement’s Chief Legal Officer (CLO) has tendered his resignation amid the ongoing Competition Commission of India (CCI) investigation into alleged cartelisation practices among top cement producers. The resignation comes at a time when the sector is under intense regulatory scrutiny, with implications for corporate governance, compliance…

Bank of India (BoI) has reported robust growth in its Q1 FY26 business update, with domestic advances rising by 11% year-on-year to ₹5.64 lakh crore as of June 30, 2025. The state-owned lender’s growth was primarily driven by strong traction in the retail and agriculture segments, reflecting improved credit demand amidst a recovering economic backdrop….

Godrej Consumer Products Ltd (GCPL), one of India’s leading FMCG players, has stated that its India margins are expected to remain below the normative range in the near term, even as the company continues to witness sequential improvements in sales volumes across its key product categories. The company shared this operational update in its quarterly…

In a strategic move to consolidate its dominance in India’s fast-growing lubricant and speciality oil sector, Shell, which is also a key investor in mobility startup Rapido, has completed the acquisition of Raj Petro Specialities. This acquisition is set to significantly enhance Shell’s manufacturing capacity, product portfolio, and customer reach across industrial, automotive, and speciality…