Latest news with #DLF
Bloomberg
6 hours ago
- Business
- Bloomberg
Top India Realtor's Mumbai Comeback Project to Roll Out in July
DLF Ltd. plans to start bookings in a premium residential project in Mumbai next month, marking the return of India's top developer to the financial capital after thirteen years as it seeks newer growth markets. 'We'll be launching the Mumbai project in July,' Aakash Ohri, joint managing director at DLF said in an interview, adding that the market held 'immense potential.' The developer plans to build eight towers in two phases, with apartments priced upwards of 50 million rupees ($577,480), according to its website.
Hindustan Times
12 hours ago
- Politics
- Hindustan Times
HC initiates PIL on ‘tree felling' by a realtor in Gurugram
The Punjab and Haryana high court has initiated suo motu public interest litigation (PIL) on a news report about environmentalists and locals opposing reported felling of trees in Gurugram by a realtor. The report carried on June 12 by an English daily had stated that residents and environmentalists have launched protests over allegations of the process of felling of nearly 2,000 trees on an estimated 40 acre of land in DLF Phase 5 in Gurugram. The report said representatives of the Aravali Bachao Citizen's Movement also staged a protest outside a Haryana minister's residence and have also written to chief minister Nayab Singh Saini and union minister for environment for their intervention. The report had also quoted a senior officer of forest department of Haryana government claiming that it was not a forest land and was owned by the DLF for years. The HC vacation bench of justice Anil Kshetarpal and justice Aman Chaudhary while issuing notice for June 26, said that the issue raised in the petition was being taken up as PIL and listed it for June 26 for responses from the commissioner, municipal corporation, Gurugram and managing director, DLF Limited.
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Stock Market LIVE: GIFT Nifty hints at lower open; Asia falls; Fed holds rates; Israel-Iran war eyed
Sensex Today | Stock Market LIVE on Thursday, June 19, 2025: Around 7:30 AM, GIFT Nifty futures were trading 60 points lower at 24,766, indicating a negative start for the bourses. 8:05 AM Stock Market LIVE Updates: Gold price climbs ₹10 to ₹1,00,920; silver up ₹100, trading at ₹1,11,100 Stock Market LIVE Updates: The price of 24-carat gold climbed ₹10 in early trade on Thursday, with ten grams of the precious metal trading at ₹1,00,920 according to the GoodReturns website. The price of silver rose ₹100, with one kilogram of the precious metal selling at ₹1,11,100. The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹92,510. The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹1,00,920. In Delhi, the price of ten grams of 24-carat gold stood at ₹1,01,070. 8:00 AM Stock Market LIVE Updates: Debt-ridden telecom operator Vodafone Idea (Vi) on Wednesday announced that it has joined hands with US-based AST SpaceMobile in a partnership aimed at delivering space-based mobile broadband services to smartphones across the country. Under the agreement, Vi will oversee terrestrial network integration, operating spectrum, and market access, while AST SpaceMobile will develop, manufacture, and manage the satellite constellation powering the system. 'This collaboration is poised to be the frontier of global space technology and both companies will use data and applications to connect. Together, Vi and AST SpaceMobile will explore and implement commercial offerings for diverse sectors,' Vi said in a stock exchange filing. READ MORE 7:52 AM Stock Market LIVE Updates: DLF sells 1,164 luxury units for ₹11,000 cr in Gurugram's Privana North Stock Market LIVE Updates: Realty major DLF said on Wednesday it has sold all 1,164 units in its luxury residential project Privana North in Gurugram, thereby earning ₹11,000 crore within a week. The 17.7-acre project in Sectors 76-77 includes six residential towers of up to 50 storeys, which are DLF's tallest buildings. It has 1,152 four-BHK units and 12 penthouses. The average ticket price for a unit was ₹9.5 crore, while the penthouses were priced at around ₹25 crore each, according to people aware of the sales. READ MORE 7:42 AM Stock Market LIVE Updates: Chalet Hotels may consider own brand in long term: MD & CEO Sanjay Sethi Stock Market LIVE Updates: K Raheja Corp's Chalet Hotels may look at bringing its own brand of hotels after having firmly established itself among the top-four players in India's hospitality space with a market cap of more than ₹19,000 crore. In an interaction with Business Standard in New Delhi, Sanjay Sethi, managing director and chief executive officer of Chalet Hotels, says the company's performance, its strategy to diversify into leisure hotels and expansion to more geographies provide a springboard to launch its own brand. READ MORE 7:33 AM Stock Market LIVE Updates: Real estate giant DLF aims to launch Mumbai project by next quarter Stock Market LIVE Updates: DLF will officially launch its Mumbai housing project in the next quarter as the company has received the RERA approval a day before, while the real estate major sold out all 1,164 units in its luxury residential project Privana North securing ₹11,000 crore revenue, DLF Homes joint managing director and chief business officer Aakash Ohri told Business Standard. About 25 per cent of the purchases have come from non-resident Indians (NRIs) and overseas buyers from Canada, Australia, and Jakarta, he said. Located in Gurugram's Sectors 76 and 77, the 17.7-acre project includes six residential towers rising to 50 storeys, which are DLF's tallest buildings to date. The project includes 1,152 4-BHK units and twelve penthouses. READ MORE 7:27 AM Stock Market LIVE Updates: Corporate India's revenue growth underperforms GDP expansion again Stock Market LIVE Updates: India's corporate sector continues to lag the broader economy, with top listed firms posting revenue growth well below the expansion in nominal GDP for a second straight year. The combined revenue of BS1000 companies rose 6.4 per cent in 2024-25 (FY25), sharply trailing the 9.8 per cent growth in GDP at current prices. A year earlier, revenues grew just 5.2 per cent versus 12 per cent GDP growth. The BS1000 is an annual listing of India's 1,000 largest non-financial companies, ranked by total revenues, including other income. The FY25 ranking is preliminary and yet to be officially published. In contrast, corporate revenues had surged ahead of GDP growth in the Covid-affected FY21 and FY22. READ MORE 7:20 AM Stock Market LIVE Updates: On the runway: GMR's ₹14,000 crore capex plan for Hyderabad airport Stock Market LIVE Updates: GMR Hyderabad International Airport Ltd (GHIAL) has drawn up a capital expenditure plan of nearly ₹14,000 crore to be implemented by 2030–31 (FY31) for a major expansion of Rajiv Gandhi International Airport (RGIA) in Telangana's capital city, Business Standard has learnt. The plan includes enhancing the capacity of the existing terminal, constructing a new terminal and second runway, improving road access and metro connectivity, and scaling up parking and cargo infrastructure to meet rising demand. Hyderabad airport — India's fourth largest— has witnessed rapid growth over recent years, with passenger traffic increasing from 18.3 million in FY18 to 29.5 million in FY25, at a compound annual growth rate (CAGR) of 7.1 per cent. This growth, GHIAL noted, has brought the airport close to its current design capacity of 34 million passengers per annum (mppa), necessitating urgent upgrades. 7:13 AM Stock Market LIVE Updates: G7 Summit: India, Canada re-engage, revive trade talks after 2 years Stock Market LIVE Updates: India and Canada on Wednesday decided to take 'calibrated' and 'constructive' steps to reset their relationship and restore stability in bilateral ties. As a first move, the two sides agreed to resume negotiations on an interim trade agreement after a nearly two-year pause and to appoint new high commissioners to each other's capitals. Indian Prime Minister Narendra Modi and his Canadian counterpart Mike Carney met on the sidelines of the G7 Summit in Kananaskis, Alberta, where they also agreed to restart senior ministerial and working-level engagements across various domains to 'rebuild trust' and 'bring momentum' to the relationship, said the Ministry of External Affairs (MEA). The Canadian government said the early return of high commissioners was aimed at serving citizens and businesses in both countries. READ MORE 7:11 AM Stock Market LIVE Updates: Reverse-flipping and startup IPOs get boost as Sebi relaxes norms Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) on Wednesday announced a slew of measures to ease the compliance burden in the stock markets ecosystem, encourage more companies to list on the bourses after reverse flipping to India, and facilitate greater foreign fund flows into government bonds. The market watchdog also decided to drop the norm that makes start-up founders and promoters ineligible to hold Employee Stock Options (ESOPs) and other share-based benefits at the time of filing their draft red herring prospectus (DRHP) for a public issue of shares. Sebi has allowed promoters to hold on to their ESOPs granted a year prior to the filing of their DRHP, while disallowing fresh ESOP issuances in the run up to the filing. READ MORE 7:07 AM Stock Market LIVE Updates: Expansion positives factored into the valuations of Hindustan Zinc Stock Market LIVE Updates: The board of Hindustan ZincLtd (HZL) has approved a capital expenditure (capex) plan of ₹12,000 crore to be funded through internal accruals and debt to expand zinc smelting capacity by 250 kilo tonnes per annum (KTPA) at Debari in Rajasthan along with a mine capacity expansion of 330 KTPA. At an investor meet held by the company, the management announced that the expansion is expected to be completed in the next 36 months, with capex across FY26-FY28. The guidance is ₹3,500 crore capex in FY26, ₹5,000 crore in FY27, and the remaining in FY28. READ MORE 7:06 AM Stock Market LIVE Updates: Stocks to buy today: Avenue Supermarts, KPIT Tech on MOFSL's watch list Stock Market LIVE Updates: Stock recommendations by Motilal Oswal Financial, June 19: Buy DMart | CMP: ₹4,228 | Stop loss: ₹4,100 | Share price target: ₹4,450 Avenue Supermarts share price has given a breakout from 'Cup & Handle' pattern on the daily chart which is a positive sign. The breakout is supported by surge in volumes which has bullish implications. RSI indicator is rising, which confirms the upwards momentum. Buy KPIT Tech | CMP: ₹1,421 | Stop loss: ₹1,380 | Share price target: ₹1,500 KPIT Tech share price has given a trend line breakout on daily scale. It is perfectly respecting the 20-DEMA and inching higher. The MACD indicator is rising, which confirms the positive momentum. READ MORE 7:03 AM Stock Market LIVE Updates: US Fed keeps rates steady for 4th straight meeting, remains open for cuts Stock Market LIVE Updates: The US Federal Reserve's Federal Open Market Committee (FOMC) has once again opted to maintain its benchmark interest rate, keeping it at 4.25 per cent to 4.5 per cent. This marks the fourth straight meeting where rates have remained unchanged. The decision was backed unanimously by voting members of the committee. In a statement released after the meeting, the Fed said, 'Inflation remains somewhat elevated' and noted that 'recent indicators suggest economic activity has continued to expand at a solid pace.' It added that the 'unemployment rate remains low' and that 'labour market conditions remain solid,' signalling continued confidence in the overall strength of the economy. READ MORE 7:03 AM Stock Market LIVE Updates: Market Outlook Today Markets traded lackluster and ended marginally in the red on Wednesday, extending the ongoing consolidation phase. After a flat start, the Nifty edged higher initially, but failed to sustain the momentum, primarily due to pressure from heavyweight stocks. It then moved within a narrow range and eventually settled at 24,812.05. Markets will react to the outcome of the US Fed policy meeting during early trades on Thursday. The US Federal Reserve maintained their policy rates for a fourth straight policy, but signalled two more rate cuts in 2025. We recommend maintaining a cautious approach until there is more clarity. In the meantime, participants can consider selectively accumulating stocks that are showing relative strength amid the volatility, with a preference for large-cap and stronger mid-cap names. READ MORE 7:02 AM Stock Market LIVE Updates: Breakout stocks to buy: Maruti, DMart, Bandhan Bank form bullish patterns Stock Market LIVE Updates: Breakout stocks: Stocks to buy today, June 19 Maruti Suzuki India Ltd CMP: ₹12,748 Stop Loss: ₹12,300 Target Price: ₹13,700 Maruti share price has formed a falling parallel channel, and a shortfall in the pattern suggests a potential breakout on the upside. The stock recently took support at its long-term 200 EMA and has bounced back above the short-term 20 EMA, signaling a shift toward a bullish trend. An increase in volume during this move reflects growing buyer interest. Additionally, the Relative Strength Index (RSI) has formed a Higher High and Higher Low (HH-HL) structure, indicating strengthening momentum. As long as Maruti shares sustain above ₹12,300, they are expected to move higher towards ₹13,700. REDA MORE Connect with us on WhatsApp
Perth Now
2 days ago
- Entertainment
- Perth Now
Rory reveals why he's coming to Australia
Masters champion Rory McIlroy has spoken glowingly about the Australian Open ahead of his sandbelt comeback this year, revealing new explorations could be key to rediscovering his mojo amid a post-Augusta haze. Since slumping to his knees on the 18th hole, tears streaming from his face as he finally completed the career grand slam by collecting his maiden green jacket in April, McIlroy has failed to fire as a major champion should. The world No.2 has delivered just one top-10 finish in four events since the Masters, two of which were majors, ending up in a tie for 19th as the world's best players battled the course and the elements at Oakmont Country Club in last week's US Open. Plenty have suggested that by reaching his own personal Mount Everest in taking the coveted trophy at Augusta, McIlroy was left with no more golfing mountains to climb. The Ryder Cup in September looms large as Europe look to topple the USA on home soil but McIlroy, who took a break after the Masters and has been loathe to talk much about his future plans, slotted in a return to Australia for the Open at Royal Melbourne in December and pointed to it now being a key entry on his calendar. McIlroy said taking the opportunity to explore the world of golf, rather than be drilled down on PGA Tour ambitions, could provide him the joy he's looking for in a career that already sits alongside some of the best ever. 'I've always wanted to go to India, and the European Tour and DP World created a new event there,' he said ahead of the Travellers Championship, the last of eight PGA Tour Signature events for 2025. 'I was asked at the start of the year would I be interested in going, and I said 'yeah, that sounds amazing'. 'The Hero Indian Open is like March-April time. I'd love to play DLF (Golf and Country Club in India) and figure out my way around that place, but this one in Delhi in October made more sense.' McIlroy then turned his attention to his Australian visit and said memories of playing the Australian Open as an amateur two decades ago, then winning it in 2013, made him excited about his return where he'll be the headline act as the event returns to a stand-alone men's tournament. 'I've always loved the Australian Open,' he said. 'I've won there before. I played there as an amateur in the Australian Open, qualified for it, went through a qualifier in 2005, got through like a nine-man playoff to get in, so I've always had a huge affinity for that part of the world. McIlroy defeated Adam Scott to win the 2013 Australian Open. Phil Hillyard Credit: News Corp Australia 'So to go back, especially Royal Melbourne this year, Kingston Heath next year, two of the best golf courses in the world on the sandbelt, that's awesome too. 'It's that part of the year where we have the ability to travel and to do these things, and if it makes sense for the schedule – there's never been a green jacket in India before, so to bring the green jacket to India is something that's going to be really cool. 'To go back to the Australian Open, I won that in 2013. Adam (Scott) and I had a great battle down the stretch on the last day, he was the Masters champion at that point. 'I don't know, I like to travel. I like to play in different parts of the world. I haven't been to Australia in 10 years, so it's nice to go back to these places.'
The Hindu
2 days ago
- Business
- The Hindu
Arihant buys three-acre prime space in Perungudi
A Chennai-based real estate player, Arihant Foundations and Housing Ltd., has chosen a three-acre land parcel on MGR Salai in Perungudi to develop a residential project. According to industry sources, the land value alone was around ₹300 crore. A Chennai-based real estate player, Arihant Foundations and Housing Ltd., has chosen a three-acre land parcel on MGR Salai in Perungudi to develop a residential project. According to industry sources, the land value alone was around ₹300 crore. 'Arihant has signed a joint development, and this project will have a gross development value of approximately ₹1,200 crore,' the source said. It is learnt that Arihant is planning to come up with a high-rise residential project featuring 35 to 40 floors. Upon completion, it is poised to become the tallest building in the area. 'The project will cater to the IT and start-up crowd in that area, which is surrounded by major IT parks, such as DLF, RMZ and SP Infocity,' the source added. Hundreds of start-ups have mushroomed in this area, which also houses consulting firms and digital marketing companies.
