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Aditya Birla Group proposes $1.26 billion expansion of Odisha alumina refinery
Aditya Birla Group plans a significant expansion for its Odisha alumina refinery. The company will invest an additional $1.26 billion to triple its current capacity. This substantial investment will bring the total proposed expenditure to about $2.1 billion. The expansion project will be managed by the group entity Hindalco Industries. This development aims to significantly boost alumina production in the region.
Realty stocks extend rally as easing Fed rate concerns boost sentiment
Real estate stocks witnessed broad-based buying on Friday, with the Nifty Realty index climbing 3.13% to 935.30 as improving global sentiment lifted the sector.
AI redraws office demand dynamics as GCCs power India's leasing market
Global Capability Centres and flexible workspaces are now driving India's office real estate demand. Third-party IT services firms are reducing their office space leasing significantly. Overall office transactions remain strong despite global economic uncertainties and disruptions. AI is transforming occupier requirements, shifting focus to capability over cost. India's deep talent pool and favorable business environment support sustained office demand.
Prime Offices Fund closes first round at Rs 4,000 crore, commits 45% of capital
Prime Offices Fund has successfully raised Rs 4,000 crore in its initial funding round. The fund has already committed nearly half its capital to acquire three office properties. This expanded corpus reflects strong investor demand for Indian commercial real estate opportunities. The fund's portfolio now spans approximately four million square feet of office space. It houses over seventy occupiers, including many Global Capability Centres.
Info Edge shares surge 11% after Q1FY27 billings rise 14% YoY
Info Edge shares rose sharply after the company reported a 14.4% year-on-year rise in Q1FY27 standalone billings, led by strong growth in its recruitment and real estate businesses. Investor sentiment was also supported by the Coding Ninjas acquisition and additional commitment to its startup investment fund.
Panattoni appoints Sharad Gohil as India CEO, MD
Panattoni, a global industrial real estate leader, has appointed Sharad Gohil as CEO and MD for its India operations. With over 25 years of experience and a track record of significant transactions, Gohil will spearhead Panattoni's expansion in India's industrial, logistics, and data centre sectors.
Poly Medicure among 4 stocks that closed below VWAP
Four Nifty500 stocks, Poly Medicure, Aditya Birla Real Estate, Siemens Energy India, and Onesource Specialty Pharma, closed over 2% below their VWAP on July 3, indicating potential bearish momentum and heightened selling pressure, according to technical scan data.
Lenders temper Vi business plan, seek group's guarantor for massive loan
Lenders are prevailing upon the company to scale back its financial projections, while also demanding a corporate guarantee from another Aditya Birla Group firm, according to two people aware of the development.
Buy Lodha Developers, Aditya Birla Real Estate; organised players to benefit from housing market consolidation: Siddhartha Khemka
India's real estate market is seeing a K-shaped recovery, with major developers outperforming smaller ones. Leading companies are gaining market share due to strong finances and execution, while new project launches are consolidating among well-capitalised players.
India real estate attracts USD 2.9 billion in Q2 Calender Year 2026; Chennai, Bengaluru drive 27% inflows
The report said domestic investments more than doubled to USD 1.33 billion during the quarter, accounting for 46 per cent of the total inflows. Foreign investments stood at USD 1.54 billion, contributing 54 per cent of the total despite global trade and capital deployment uncertainties arising from the West Asia crisis. The inflows were supported by select large transactions.
India's private credit market doubles to $25 billion AUM in five years: Report
India's private credit market is booming, nearly doubling to $25 billion in assets under management over five years, fueled by strong business demand. The Insolvency and Bankruptcy Code has boosted lender confidence, enabling financing for stressed firms. Real estate and infrastructure sectors are key beneficiaries. While global investors are increasing their participation, potential liquidity risks loom, as highlighted by past crises. Despite challenges, significant growth is anticipated.
Lodha, Aditya Birla Real Estate Preferred Over DLF, Godrej Properties — Check Target Prices, Ratings by Motilal Oswal
Most real estate players in the sector are now trading at a 10-35% discount to their respective NAVs