DEVELOPMENTS
Godrej Properties to develop 11-acre project at Pune with revenue potential of Rs 1,800 cr
The newly acquired land is situated in a prime area near the upcoming Megapolis Metro Station, enhancing its accessibility to major IT hubs in Hinjewadi. The location is anticipated to draw substantial interest from both residential and commercial investors due to its proximity to essential amenities such as schools, hospitals, shopping malls, restaurants, and premium hotels.
Must accelerate action for sustainable development goals: UN Secy General
The Sustainable Development Goals face challenges due to the COVID-19 pandemic, conflicts, and climate change. Urgent global cooperation is needed to address rising poverty, conflict casualties, and displacement. Despite progress in renewable energy, more action is crucial for a just energy transition to achieve the SDGs by 2030.
Centre should have state-specific financial approach for development, says Kerala FM
Kerala Finance Minister urges Centre for state-specific financial approach and flexibility in borrowing, demanding Rs 24,000 crore package due to reduced funds. The state faces challenges like coastline erosion and aging population, requiring resource allocation for elderly care.
MMRDA inks Rs 850-crore urban infra financing pact with German development bank KfW
The funds procured from KfW and MMRDA's resources will be primarily allocated towards various sustainable development projects within and around the Mumbai Metropolitan Region. These initiatives include the development of green corridors, solid waste management systems, recycling and reuse facilities, and the promotion of renewable energy solutions to address environmental concerns and enhancing the quality of life for residents in the bustling metropolitan area.
High-speed expendable aerial target 'ABHYAS' successfully completes development trials
ABHYAS, designed by DRDO, is designed for autonomous flying with the help of an auto pilot, a laptop-based Ground Control System for aircraft integration, pre-flight checks, and autonomous flight.
Rich nations should provide climate finance to developing countries: Bhupender Yadav
"Temperature rise is a global problem. IPCC reports clearly say the increase in carbon emissions is driving average global temperatures up. Countries have prepared their Nationally Determined Contributions. India has achieved its climate targets, be it in the renewable energy sector or reducing carbon emissions," Yadav said at the India Climate Summit.
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Gates’ climate firm sets sights on developing world
Breakthrough Energy advances global innovation, emphasizing cost reduction and universal innovation for sustainable development.
View: India's path to developed economy status hinges on natural resource management
India's natural resources sector faces import challenges but holds potential for growth and self-sufficiency. Strategic management, revenue reinvestment, and resource diversification can drive economic development and sustainability, aligning with global trends towards renewable energy and efficient resource utilization.
DEE Development Engineers makes a robust debut. What should investors do?
Analysts attribute DEE Development's impressive debut to its robust competitive position, well-established client base, diverse range of products, strong order book, and consistent financial performance.
Homes develop cracks in Srinagar's Rainawari due to land subsidence
The area was hit by land subsidence in 1999-2000, after which a case study was done by a team of experts led by Bikram Singh Bali from the Department of Earth Sciences at the University of Kashmir.
DEE Development Engineers stock debuts with 67% premium over IPO price
DEE Development Engineers, specializing in process piping solutions, listed with a 67% premium. The company, with over three decades of manufacturing experience, offers a range of high-quality piping products and is supported by prominent book running lead managers SBI Capital Markets and Equirus Capital.
US trade body approves funding to develop integrated aviation hub in Hissar
The US Trade and Development Agency supports the establishment of an integrated aviation hub at Hisar Airport in Haryana, aiming to strengthen India's supply chain network through enhanced cargo and logistics infrastructure. The agency's collaboration with the Haryana Airports Development Corporation reflects a shared commitment to advancing aviation capabilities in the region.
AI startup Etched raises $120 million to develop specialised chip
The San Francisco-based company aims to make a specialised processor tuned to run a specific kind of AI model that is widely used by OpenAI's ChatGPT and Google Gemini.
DEE Development Engineers GMP: Will there be a listing pop at the bourses tomorrow?
DEE Development Engineers, specializing in process piping solutions, is set to list with a 47% premium. The IPO saw strong demand, especially from QIB investors.
China's ByteDance working with Broadcom to develop advanced AI chip
China's ByteDance collaborates with U.S. chip designer Broadcom to develop a 5nm AI processor, ensuring a stable supply of high-end chips for TikTok and other apps amid U.S.-China tensions.
Dee Development Engineers to finalise share allotment tomorrow. Check status, GMP, listing date and other details
The net proceeds from the fresh issue will be used towards funding working capital requirements, repayment of debt, and other general corporate purposes
Noida extends rehab package offer for projects facing insolvency; Supertech, ATS, Logix Group among defaulters
The Uttar Pradesh government has extended the rehabilitation package for housing project developers facing insolvency proceedings by two weeks. The package offers incentives such as interest waivers and penalties during the pandemic in exchange for withdrawing cases with the NCLT or courts. The package aims to assist developers like Supertech, ATS, and Logix Group who have stalled projects and owe significant dues.
DEE Development Engineers IPO gets subscribed 99.56 times
The portion for qualified institutional buyers received a whopping 201.91 times subscriptions while the category for non-institutional investors got subscribed 144 times. The part for retail individual investors (RIIs) received 23.42 times subscriptions.
BJP leaders link development funding with party poll success
After winning 25 of the 26 Lok Sabha seats in Gujarat, BJP leaders in Gandhinagar are becoming more aggressive. The Vadodara BJP president emphasized not spending development funds in areas where the party lacks support, while Junagarh MP Rajesh Chudasma vowed to take action against those who opposed him during elections.
Buy DCB Bank, target price Rs 175: Motilal Oswal
DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 4301.69 Crore).
Karnataka committed to developing rural areas through cluster development initiatives, says Siddaramaiah
The Global Investor Meet - Invest Karnataka 2025 was a flagship investor event for the state of Karnataka, he added. “Through this event, we seek not only to showcase Karnataka’s technological prowess and manufacturing excellence, but also to position Karnataka on the global stage as a leading player in the global supply chain,” he said. The state, Siddaramaiah added, was a premier destination for global investments, being the second-highest recipient of FDI inflows in India, with 22% in the last 5 years cumulatively.
DEE Development Engineers IPO sails through on Day 1 on robust retail, NII demand
The net proceeds from the DEE Development Engineers IPO will be used towards funding working capital requirements, debt repayment, and other general corporate purposes. Analysts suggested investors to subscribe to the IPO as the company is the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential.
Dee Development Engineers IPO opens for subscription: Should you bid?
Analysts advised investors to subscribe to Dee Development Engineers IPO as the company emerged as the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential. SBI Capital Markets and Equirus Capital are the book-running lead managers to the issue.
Buy Macrotech Developers, target price Rs 1770: Motilal Oswal
Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 154846.78 Crore) operating in Real Estate sector.
Investing in youth-led community development for lasting change
Technology serves as a powerful enabler in pushing youth-led community development to achieve sustainable change in our communities.
China promoting authoritarian governance in developing world: Report
China has organized seminars and training courses for officials in African and Latin American countries to promote its single-party system and President Xi Jinping's worldview. The Belt and Road Initiative (BRI) is a central pillar of Xi's rule, which China uses to expand its clout overseas by handing out loans to developing countries.
Road contractors relieved from developing wayside amenities
The step is aimed at attracting global expertise for creating wayside amenities (WSAs) in the country with a stronger focus on design and product innovations to boost return on investment while scaling up the experience of highway users.
DEE Development IPO Opens June 19
DEE Development Engineers, headquartered in Haryana, unveils its 418 crore IPO with a price band of 193-203 per share, opening for subscription on June 19 till June 21. The offering comprises a fresh issue of 325 crore and an offer for sale of 93.01 crore by existing shareholders, allowing investors to subscribe for a minimum of 73 equity shares.
Best Electronic Early Development Toys for Kids and Toddlers
As the internet is getting more and more prevalent, we must keep a check on our kids’ screen time. We must make sure that they are engaging in playful, educational, and interactive activities instead of watching cartoons and other content on screens. One way of doing so is to get them electronic early development toys so that they are engaged in educational learning.
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