Mixed-use real estate projects, integrating residential, commercial, retail, and hospitality segments, are gaining significant traction in India as developers seek to maximise returns, optimise land use, and diversify cash flows, with experts predicting 35-40% of urban real estate supply will be mixed-use by 2030.
The news that Welspun has run into trouble with one of its biggest US-based clients has stressed its suppliers and investors alike
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
The UK retailer earned an EBITDA of 2.7 million in the year ended June 2007 on the back of 17 per cent growth in sales, said Welspun India director Akhil Jindal in Mumbai on Monday. Christy's, which was losing money, customers and market share when it was acquired by Welspun, has reversed the tide by winning back customers, adding new ones and expanding its reach by opening more shop-in-shops.
The Welspun group's energy business has plans to set up solar energy parks across four states.
A sharp rise can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1, 2024.
With a specific aim on improving her fitness, Indian gymnast Pranati Nayak is hoping to garner success in four World Cup events and an Asian Championship to seal her berth in the Paris Olympics.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
It also asked why the data shared pertained to a period from April 2019 even though the scheme for anonymous political funding was introduced in 2017.
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
Backed by the China-plus-one policy, India's textile and apparel exports have seen a 53 per cent growth during the April-November period of the current fiscal year at around $26 billion. This compares to the figure of $17 billion during the same period in FY21. According to Wazir Textile Index, all major companies including Welspun, Vardhman, Trident, KPR Mills, Indo Count, RSWM, Filatex, Nahar Spg and Indorama have posted higher sales during the first half of the current fiscal year compared to the pre-pandemic year.
India Inc very keen to do business in Gujarat.
A video of the CEO dancing along with her staffers is winning the Internet and encouraging other leaders to make workplaces happier.
US-based Apollo Global has picked up stake in Indian firms which are not doing that well financially.
'India has a lot of potential, not just in commercial aspects, but also in hiring of people and sourcing of products.'
Through a series of structured investments -- in the form of convertible debt and equity -- Apollo will take exposure to Welspun's holding company and its steel and infrastructure subsidiaries.
'In the last few months, we have been pushing ourselves and training hard. Even in the pandemic, we continued to train under the guidance of Gaurav Khanna sir and never deterred from our focus.'
Suspended Indian Administrative Service officer Pradeep Sharma, who took on Narendra Modi over the snoopgate scandal when he was the Gujarat chief minister, was arrested on Tuesday in a corruption case, a day after the Enforcement Directorate attached his properties for alleged money laundering.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
It is expected to take a similar stand at the Mumbai and Delhi high courts, where Welspun Maxsteel, Ispat Industries and Essar Steel have challenged the petroleum ministry's decision to divert KG-D6s supply from steel and petrochemicals to power and fertiliser.
Akhil Jindal, President of Welspun Group and Rajendra Hinduja, Executive Director of Gokaldas Exports say that there has been significant improvement in cotton, home textiles, and the apparel segment.
Bombay Dyeing is betting on creating a range of unique, customised textile products, a route that is largely unexplored by the home textiles players although several industry reports and consumer behavior studies have talked about the potential for personalisation.
'The competition between the two is definitely going to be of great interest to the Indian market.'
Welspun India Ltd bought British towel manufacturer Christy in 2006. And since then they have been manufacturing all the towels for the tournament at their facility in Vapi, Gujarat.
Palak is certain to make the cut for Tokyo Paralympics in women's doubles as she is currently ranked fifth in the world. The top six in the list to be published by International Paralympic Committee will get automatic qualification.
In the apparel export segment, one of the biggest challenges is that UK has a size, US has a size, Europe has a size and a measure; but India does not. So a size India project will be rolled out in the entire country, the first of its kind in Indian history.
Some of these items of consumption include ultraviolet disinfectants and sanitising boxes, free-finger touch devices, do-it-yourself grooming kits, self-cleaning water bottles, smart tiffin boxes, hand-sanitizer wearables, antiviral fabrics, tiles, flooring and mattresses, and anti-fogging glasses.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Our governments are easily prone to arbitrary decisions but if you are dealing with international firms, such arbitrariness can turn back and bite you, says T N Ninan.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
She pocketed Rs 9.12 crore as remuneration in FY16
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
Stocks such as NIIT, Punj Lloyd, Gati, Welspun India and BEML are favourites of the trading community.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Markets ended at record closing highs for the second day in a row on institutional buying.
Delaying action on climate change will hurt growth: Global CEOs.
Promoters increasing stakes is definitely a positive signal for the market and investors.
Pranav Adani has come a long way since 1999, when he first got actively involved with the Adani Group's businesses, run by his uncle, Gautam Adani.
While such buying could indicate confidence in the business, investors should do a comprehensive evaluation before getting into the stock.
