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SWAMIH fund infuses Rs 600 crore with Ramky group to revive stuck projects in Bengaluru
In a significant boost for the housing sector, the SWAMIH Investment Fund will invest as much as Rs 600 crore into Ramky Estates, focusing on resurrecting halted residential projects in Bengaluru. This investment will directly benefit more than 1,800 homebuyers who have been waiting for their homes. Ramky Estates is set to manage 4.
Bombay HC restrains Godrej from handing over Chembur space to Titan in Decathlon lease row
Bombay High Court has temporarily halted Godrej Projects from handing over a Chembur commercial property to Titan Company. The court appointed a receiver to take possession, citing Godrej's unilateral repudiation of a lease agreement with Decathlon Sports India. Decathlon had planned a significant store in the area, impacting other outlets.
Vedanta flags higher input costs as US-Iran war hits aluminium prices
Vedanta anticipates a $50-$100 per tonne increase in aluminium production costs by H1FY27 due to the US-Israel and Iran conflict. Despite this geopolitical pressure, the company projects a rise in aluminium output to 2.6–2.7 million tonnes and alumina production to 4–4.1 million tonnes in FY27.
Realty stock Man Infraconstruction jumps 7% after acquiring South Mumbai projects worth ₹2,000 crore
Realty stock Man Infraconstruction rose as much as 7% on Wednesday, 29 April. Here is what's behind the rally, along with share price trend.
Realty stock Man Infraconstruction jumps 7% after acquiring South Mumbai projects worth ₹2,000 crore - Mint
Realty stock Man Infraconstruction jumps 7% after acquiring South Mumbai projects worth ₹2,000 croreMint
Bajel Projects shares jump 11% after bagging ₹400 crore transmission orders in MENA region
Bajel Projects shares jumped 11% after winning EPC contracts for 500 kV transmission lines in the MENA region, totaling ₹400 crore. The project aims to strengthen the power infrastructure and is expected to be completed within 11 months.
County Group's rescue drive in Gurgaon to unlock Rs 4,000 crore potential
County Group has acquired two stalled housing projects in Gurgaon. This move brings relief to nearly 400 homebuyers who have been waiting for over a decade. The acquisitions add approximately 2.6 million sq ft of saleable area to the developer's portfolio. County Group also recently purchased land in Noida and Ghaziabad for new developments.
Bajel Projects jumps 13% on over ₹400 crore MENA transmission order win
Bajel Projects shares rose after winning ultra-mega EPC orders over ₹400 crore for 500 kV transmission lines in the MENA region, boosting its global presence and stock performance.
There is no future for petrol and diesel vehicles, Nitin Gadkari says
India is phasing out petrol and diesel vehicles. Union Minister Nitin Gadkari stated there is no future for these fuels. Manufacturers must switch to cleaner alternatives. Hydrogen and ethanol are highlighted as key fuels. India is already producing ethanol from various sources. Pilot projects for hydrogen trucks and buses are underway.
Cemindia Projects among 5 stocks closed above VWAP, signaling bullish shift
Five stocks including Force Motors, Chennai Petroleum Corporation, Cemindia Projects, Hitachi Energy India, and Afcons Infrastructure closed above VWAP on April 28, signaling bullish sentiment and potential upward price momentum.
Paras Defence partners Complus, JV Micronics for anechoic chamber projects
Paras Defence signs MoU with Complus Systems and JV Micronics to build anechoic chambers in India and abroad, leads consortium, shares rise 0.64% to ₹813.30.
Adani Energy Q4 Results: Cons profit rises 6% YoY to Rs 684 crore; revenue up 17%
Adani Energy Q4 Results: Adani Energy Solutions reported a 6% year-on-year increase in consolidated net profit to Rs 684 crore for the fourth quarter, with revenue from operations growing 17% to Rs 7,443 crore. The company's performance was bolstered by key transmission projects and strong growth in its smart metering segment.