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By Agamveer Singh , 23 May 2025
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Anarock Group Posts Robust 33% Revenue Growth, Eyes Strategic Expansion Amid Rising Real Estate Demand

Anarock Group, a leading Indian real estate consultancy, reported a strong 33 percent revenue increase to Rs 755 crore in the 2024-25 fiscal year, driven by buoyant demand in residential and commercial sectors. Chairman Anuj Puri attributes this surge to India’s economic momentum and aggressive land acquisition and capital market activity by developers. The company’s diverse portfolio spans housing consultancy, commercial leasing, project management, and hospitality advisory, with recent forays into office leasing delivering promising results.

Tags

  • Real Estate
  • Company Results
By Amrita Bhatia , 23 May 2025
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VKC Launches World’s First Fully Recyclable Footwear Line, Unveils Over 1,000 Eco-Designs at Global Confluence

In a landmark move for sustainable fashion and Indian innovation, VKC, a leading footwear manufacturer, unveiled its new eco-conscious product line—Go Planet-D by Debongo—at an international event in Malaysia. Touted as the world's first 100% recyclable footwear brand, the initiative sets a global benchmark for sustainability in the footwear industry. With approximately 23 billion pairs of shoes produced annually and 22 billion discarded, often in landfills, VKC's solution offers a closed-loop recycling model.

Tags

  • Fashion & LIfestyle
By Manbir Sandhu , 23 May 2025
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India Tightens Apparel Import Rules from Bangladesh to Protect Domestic Industry and Curb Dumping

In a significant policy shift aimed at safeguarding domestic textile manufacturers, India has restricted the import of ready-made garments (RMG) from Bangladesh to just two sea ports—Kolkata and Nhava Sheva. This move is expected to increase import costs and reduce the influx of low-priced garments via land routes through the Northeast. The measure is being hailed by industry leaders as a strategic counter to Bangladesh’s earlier restrictions on Indian cotton yarn exports and a broader effort to promote self-reliance in India’s apparel sector.

Tags

  • Trade
By Kirti Srinivasan , 23 May 2025
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ITC Ltd Reports Steady Q4 Profit Growth Amid Rural Demand Revival and Strategic Expansion

ITC Ltd posted a modest 2% increase in standalone net profit for the fourth quarter of FY2024-25, driven by a resurgence in rural consumption and consistent performance in its core cigarette segment. The company’s gross revenue rose 9.2% year-on-year to Rs 18,266 crore, while EBITDA edged up 2.5% to Rs 5,986 crore. Despite inflationary pressures and competitive challenges in segments such as notebooks and paper, ITC’s strategic portfolio premiumisation and targeted acquisitions, including in FMCG and pulp and paper, underpin its growth trajectory.

Tags

  • Company Results
  • Business
By Amrita Bhatia , 23 May 2025
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Borana Weaves IPO Sees Stellar 149x Subscription, Signaling Robust Investor Confidence

In a resounding vote of confidence from the investing public, Borana Weaves’ initial public offering (IPO) closed with an extraordinary 148.77 times oversubscription. The Rs 144.89 crore public issue drew immense interest from retail investors, high-net-worth individuals, and institutional participants alike. With a price band set between Rs 205 and Rs 216 per share, the IPO offered up to 67.08 lakh equity shares. Market data from the National Stock Exchange revealed staggering demand, especially from non-institutional investors and retail buyers.

Tags

  • IPO Watch
  • Textile
By Nitin Mohan Mishra , 23 May 2025
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Balancing Stardom and Motherhood: Deepika Padukone’s New Chapter in Cinema and Life

In an evolving entertainment landscape, Deepika Padukone finds herself at the intersection of professional ambition and personal transformation. Recent industry chatter suggests her rumored exit from Sandeep Reddy Vanga’s high-octane film Spirit—starring Prabhas—may stem from scheduling demands and her commitment to new motherhood. While unconfirmed by official sources, reports allege the actor requested an eight-hour workday, a profit-sharing agreement, and linguistic accommodations.

Tags

  • Entertainment
  • Bollywood
  • Indian Celebrities
By Gurminder Mangat , 23 May 2025
Himadri Speciality

Himadri Speciality Bets on Next-Gen Energy with Strategic Stake in Lithium-Ion Battery Innovator

Himadri Speciality, a key player in the clean-tech space, has made a strategic move to strengthen its footprint in the energy storage and mobility sectors by acquiring a 16.24% stake in International Battery Company (IBC). The USD 4.43 million (approximately Rs. 37.47 crore) investment gives Himadri board representation and access to cutting-edge lithium-ion battery technologies.

Tags

  • Energy
  • Technology Sector
By Nimrat , 23 May 2025
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Keystone Realtors Eyes Rs 4,000 Crore Sales Target Amid Robust Demand and Strategic Expansion

Keystone Realtors Ltd, a prominent Mumbai-based real estate developer operating under the Rustomjee brand, has set an ambitious sales target of Rs 4,000 crore for the fiscal year 2025-26, aiming for a 32% growth from the previous year. Following a strong 2024-25 performance marked by a 34% rise in pre-sales to Rs 3,028 crore, the company plans aggressive project launches and strategic land acquisitions, primarily in the Mumbai Metropolitan Region.

Tags

  • Real Estate
  • Business
By Gurminder Mangat , 23 May 2025
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Lumax Auto Technologies to Acquire Full Ownership of IAC India in Rs. 221 Crore Deal

Lumax Auto Technologies Ltd. (LATL) is set to acquire the remaining 25 percent equity in IAC International Automotive India Pvt. Ltd. for Rs. 221 crore, consolidating its position as the sole owner of the interior automotive solutions provider. This move marks a strategic milestone for LATL, which initially acquired a 75 percent stake in IAC India in March 2023. Upon completion—expected by May 31, 2025—Lumax plans to explore a potential merger to unlock synergies.

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  • Automobiles
  • Business
By Nimrat , 23 May 2025
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IMF Tightens Pakistan Bailout Terms Amid Rising India-Pakistan Tensions and Fiscal Challenges

The International Monetary Fund (IMF) has imposed 11 new stringent conditions on Pakistan as a prerequisite for releasing the next tranche of its bailout package, bringing the total conditions to 50. These include parliamentary approval of a Rs 17.6 trillion federal budget, adjustments in energy tariffs, and reforms in agriculture taxation and governance. The IMF also cautioned that escalating India-Pakistan tensions pose significant risks to Pakistan’s fiscal stability and reform agenda.

Tags

  • Economy
  • Finance

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