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Godrej Properties partners Tata Projects for Rs 1,100 crore luxury construction contracts in Gurugram
Godrej Properties has awarded Tata Projects construction contracts worth ₹1,100 crore. These projects are for three luxury residential developments on Gurugram's Golf Course Road. This marks the largest single construction contract for Godrej Properties. The collaboration aims to enhance execution quality and delivery timelines. Tata Projects brings its large-scale execution capabilities to these premium projects.
Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over
Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.
Diageo India bets big on premium demand
Demand for premium alcohol in India remains robust despite global challenges, says Diageo India's managing director Praveen Someshwar. However, increasing costs for packaging and energy are impacting profit margins, he adds.
Buyback alert! Welspun Living announces Rs 252-crore share buyback at 30% premium. Check details
Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.
Simca Advertising IPO allotment in focus today; latest GMP, 6 steps to check status
Simca Advertising IPO allotment will be finalised on 13 May. Investors can check the status on MUFG Intime India Pvt. Ltd. 's portal. The IPO opened on 8 May and closed on 12 May, with a current grey market premium indicating a listing price of ₹192.
Schaeffler India opens computational research infrastructure at FSID, IISC
Schaeffler India has announced the opening of a computational research infrastructure at the Foundation for Science Innovation and Development (FSID), Bengaluru. Part of Schaeffler India's purposeful engagement with IISC, premium research academia, this supported facility strengthens research capabilities by enabling HPC (High- Performance Computing) large-scale simulations, data-intensive modelling and advanced analytics across materials, energy systems, and sustainable mobility. Additionally, these improvements will foster stronger industry collaborations, improved research quality and efficiency, and increased relevance of research in industry projects.
Godrej Properties to expand premium real estate footprint
The real estate developer has lined up high-value projects across Gurugram, Delhi and Mumbai as premium housing demand strengthens.
Gujarat Cotex to raise nearly Rs 43 cr through rights issue
Gujarat Cotex is set to raise approximately Rs 43 crore through a rights issue to fund its expansion projects, including a new premium hotel. The issue, offering six shares for every one held, opened on April 10 and closes May 8. Proceeds will also bolster the company's financial standing as it diversifies into real estate, hospitality, and agri-commodity trading.
Amara Raja plans to begin bulk production of EV cells in 2027
India is building a lithium-ion cell manufacturing ecosystem. EV makers should anticipate a price premium on locally produced cells in the near future. Companies like Amara Raja and Tata Group's Agratas are investing heavily. Bulk production is expected to commence around 2027. This development aims to support the growing electric vehicle and energy storage sectors.
Physical oil premium signals shortage, volatility ahead: SVB Energy’s Sara Vakhshouri
Global oil markets are showing a sharp disconnect, with physical crude trading at a steep premium, signalling a supply crunch. Sara Vakhshouri, Founder & President of SVB Energy International, says tight supply, geopolitical tensions, and uneven inventories are driving volatility. While prices could fall if US–Iran peace talks progress, continued disruptions may keep markets unstable.
Stocks to Watch for April 17: Wipro, HDFC Life, Axis Bank, RVNL and more
From Wipro expecting to grow between -2% to 0% in constant currency terms for the first quarter of FY27 on a sequential basis to HDFC Life reporting a total annualised premium equivalent of ₹5,254 crore for Q4FY26, these are some stocks to track ahead of Friday's trading session.
Brent crude spot prices drop but still at a hefty premium to futures; Here's why
Amrita Sen, founder of Energy Aspects, told CNBC that the spot price for actual cargo reflects the reality on the ground and the high seas. Middle East oil producers have shut down 13 million barrels per day of production because tanker traffic through the Strait of Hormuz has plunged, Sen said.