MIXED USE DEVELOPMENT
BCD Group bags 1.5 mn sft of residential development in Bengaluru
BCD Group secured a 1.5 million sqft residential project in Bengaluru from Ramsons Trendsquares for Rs 660 crores, their first collaboration. The mixed-use development spans 6.5 acres with 600 units in phase 1 and 5 million sqft in phase 2. With the first phase sold out, BCD aims to begin phase 2 soon. The project capitalizes on Bengaluru's premium real estate market, especially in Sarjapur's thriving tech hub.
How IT companies are using acquisitions to build engineering prowess
IT companies like Cognizant are acquiring engineering services companies to expand their competencies and fend off competition from pure-play firms. Cognizant's recent $1.3 billion acquisition of Belcan marks its largest in this segment, signaling a trend in the industry.
Apple brings ChatGPT and more AI to devices, Wall Street unimpressed
In the nearly two-hour long presentation at Apple's annual developer conference, executives including CEO Tim Cook touted how voice assistant Siri would be able to interact with messages, emails, calendar, as well as third party apps. Siri will be able to write emails and change the tone of voice to suit the occasion.
Apple shows off updated, mixed-reality headset at AI-focused event
Apple showcases AI integration at developer conference, including revamped Siri and possible tie-up with OpenAI's ChatGPT for iOS 18.
Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders
The widely anticipated display of AI to be embedded in the iPhone and other Apple products will be the marquee moment at an event that traditionally previews the next version of software that powers the company's hardware lineup.
Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%
Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.
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Puravankara acquires 12.75-acre land parcel on Thane’s Ghodbunder Road
Realty developer Puravankara's subsidiary, Purva Oak, acquired 12.75 acres in Thane's Patlipada for a premium residential project with an estimated potential of 18.20 lakh sq ft. The project, adding to Mumbai Metropolitan Region portfolio, has a potential gross development value of Rs 4,000 crores. Puravankara aims for strategic expansion and increased revenue contribution in the western region.
Agnikul test launches world’s first rocket with 3D printed engine
Agnikul official statement said, the vehicle was completely designed in-house and was powered by the world's first single piece 3D printed engine which is also India's first flight with a semicryo engine. The mission was successful after four failed attempts.
Climate tech has a promising future in India: Hisham Mundol, Chief Advisor, Environmental Defense Fund, India
Environmental Defense Fund (EDF) wants India to become the first major economy to industrialise without carbonising, says Hisham Mundol, Chief Advisor, Environmental Defense Fund, India.
Best hair colour developers for vibrant and long-lasting results
Achieve vibrant and long-lasting hair colour with the best hair colour developers. This guide highlights top developers known for enhancing colour intensity and ensuring even application while maintaining hair health. Ideal for both salon professionals and home users, these products deliver superior results, making your hair colour experience seamless and stunning. Discover the best hair colour developer for a bold, enduring look that stands out.
Shahid Kapoor buys sea-view luxury apartment in Mumbai’s Worli for Rs 60.4 cr
The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
Sacred Games: How Indian mythology is taking over gaming consoles
Indian gaming enthusiasts now have access to games rooted in Indian history and culture, like managing the Ayodhya Ram Temple's functioning and building the Vande Bharat Express. Players can immerse themselves in the world of the legendary Tamil emperor Rajendra Chola and experience high-speed chases and stealth attacks.
RBI's record dividend invites mixed reactions from economists
The Reserve Bank of India's (RBI) decision to declare its highest-ever dividend of Rs 2.11 lakh crore has sparked mixed reactions from economists. Noted economist Suman Mukherjee views it as a sign of economic strength, attributing the windfall to various factors such as a surge in foreign exchange reserves and proactive government management. Mukherjee believes that maintaining low interest rates will counter potential recessionary effects.
Infrastructure stocks: Stay bullish, hedge to participate in next round of re-rating: 6 infra stock with an upside potential of up to 39%
Among the sectors which have seen a strong re-rating in the last five years, probably infrastructure is amongst the top ones. Like many other sectors here also the re-rating has been largely due to policy push and government spending. If one looks at the performance of the companies in the last five years, there has been clearly strong growth across the board. So, policy continuity becomes critical for this sector and the stocks. The
Cera Sanitaryware is this week's stock pick; why analysts are bullish
Cera Sanitaryware emphasises innovation, introducing 218 new products in 2023-24, which accounted for 30-35% of its total sales.
Migsun group to invest Rs 500 crore across four projects in Greater Noida
Realty developer Migsun Group plans to invest Rs 500 crore in four mixed-use commercial projects covering 2 million sq ft, with RERA approval. Three projects are in Yamuna Expressway and one in Greater Noida, set for completion by 2028. Funding will come from company sources and customer advances, targeting the upcoming Jewar Airport to boost development. MD Yash Miglani asserts a commitment to bring international experiences to the Noida Expressway region. Additionally, the group has launched a mix-use project in Lucknow, investing Rs 426 crore on a 5-acre land parcel acquired from Medanta Group.
Higher ability to withstand sudden headwinds: 5 largecap stocks with right mix of RoE & RoCE
There are two kinds of risk in equity markets, first the overall market or asset class risk. Second is individual risk. First risk is not under control of anyone, because it can hit the market due to any reason, right from any geopolitical uncertainty to any monetary event in any part of the world. Probably the first kind of risk got played recently with the flip flop of the US and development in the middle east. The second risk which is individual risk is about the choice of the stock which one buys. In equities after a point of time it is more important to manage individual risk than to take risk. In equities the risk is more in the short term, over longer term, it is not very high. One way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
Growth momentum stays strong for large residential developers, CRISIL Ratings
Large residential developers are set for growth with doubled market share. Inventory management and real estate prices improve. Per capita incomes impact prices, interest rate cuts expected. Cash accruals, downcycles resilience, leverage maintenance are crucial.
IHG Hotels & Resorts and Brigade Group ink deal for maiden InterContinental hotel in Hyderabad
IHG Hotels & Resorts has partnered with Brigade Group to develop a 300-room InterContinental brand hotel in Telangana, India. The InterContinental Hyderabad Neopolis will be the first InterContinental property in Kokapet, Hyderabad, and will be part of Brigade's mixed-use development project. The hotel will offer five dining options, conferencing facilities, a fitness center, spa, swimming pool, outdoor recreation area, and retail outlet.
Meta opens Quest operating system to third-party device makers
Meta Platforms partners with Microsoft to share Meta Horizon OS for customized headsets. Zuckerberg aims to dominate VR and MR industry. Google and Apple pose competition in the space, with Meta Horizon OS based on Android.
Coal keeps powering India as booming economy crushes green hopes
India's energy dilemma at Tuticorin plant showcases the struggle to shift from coal to renewables. Despite global pressure, the country leans on coal, hindering efforts to reduce greenhouse gas emissions and ensure reliable electricity for its growing population.
Corrections are opportunities for long term investors: 5 midcaps with right mix and upside potential of up to 46%
For the next couple of weeks, what will dominate the narrative on the street would be the action and expectation from the US Fed and Iran’s attack on Israel and whether it escalates further or not. At a time when events where no one has any control are hitting the street, two things are most important, first, don't react in panic. Now panic is not only about selling because the news is negative, but also about buying just because stock prices have fallen from its recent high. It is time to remember that there is not even a single year in the last 25 years, when there has not been an issue which made it appear that the world is going to crumble. But the fact is good businesses have still grown, valuations have still risen and broader markets have moved higher. So, these geopolitical tensions are part of life only if one focuses on what one is investing into and puts more checks and balances so that one is able to bring in the element of margins of safety.
Migsun Group to invest Rs 426 crore on mix-use project in Lucknow
"This is our second commercial project in Lucknow," said Yash Miglani, managing director of Migsun Group. "Our first project, Migsun Janpath, is also successful, and the prices have appreciated almost two-fold. We hope to repeat this performance again with Migsun Central."
Asia Pacific markets mixed, China supports Yuan
Asian equities steady as investors await economic data. China's currency gains, US futures stable. Treasuries, bond yields show little change. Premier addresses economy concerns. Yen strengthens, dollar weakens. Global inflation data monitored.
Meta rebuffs Google's virtual reality tie-up proposal: report
Google had suggested that Meta partnered with its new software platform that is being developed for virtual reality, augmented reality and mixed-reality headsets, the report said, citing a source involved in the talks.
NBCC to develop mixed-use project worth Rs 2,000 crore in Kerala
The Kerala state government has approved the development of a 17.9-acre land parcel at Marine Drive, Kochi by the Kerala State Housing Board. The Rs 2000 crore project will involve the phased development of a mixed-use commercial and residential complex on a self-sustainable model. NBCC, in collaboration with KSHB, will execute the project, which includes the construction of a commercial/office facility, residential complex, and a convention center.
Apple Vision Pro US debut confirmed, but India will have to wait
Apple's mixed-reality headset, the Vision Pro, is set to debut in the US on February 2, with pre-orders starting on January 19. Priced at $3,499, the headset introduces spatial computing, allowing seamless interaction through eye, hand, and voice commands.
IISc develops technique to encapsulate tiny droplets used for cell culture
At the Indian Institute of Science, researchers devised a pioneering method using capillary forces to encapsulate liquid droplets for various applications. This technique involves coating droplets with a composite shell, allowing precise control over shell thickness and accommodating droplets of different sizes. Lead by Prosenjit Sen, the team achieved reduced evaporation rates by up to 200 times, extending droplets' lifespans significantly.
Sindhu Trade Links to invest Rs 200 cr for development of a mixed-use township in Chhattisgarh
Sindhu Trade Links Limited (STLL), which offers spectrum of support services required for mining and allied activities, logistics and transportation, will invest Rs 200 crore for the development of a mixed-use township at Bilaspur, Chhattisgarh.
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