Tag: Business news today

Godrej Properties buys 4-acre land parcel in North-West Bengaluru
Business

Godrej Properties buys 4-acre land parcel in North-West Bengaluru

"Yeshwanthpur is an important micro market for us, and we are happy to add this land parcel to our portfolio," said Gaurav Pandey, MD & CEO, Godrej Properties | File image Real estate developer Godrej Properties announced that it has purchased a 4-acre land parcel. The land is located in Yeshwanthpur abutting National Highway - 75, one of the prime locations in Bengaluru. The recent project by Godrej Properties is estimated to have a developable potential of approximately 0.7 million square feet of the saleable area comprising primarily of premium residential apartments of various configurations with an estimated revenue potential of Rs 1,000 crore (based on current business assumptions) with scope to increase to Rs 1,250 crore basis additional 1-acre land acquisition, making ...
World entering a highly disruptive green energy era, says Mukesh Ambani
Business

World entering a highly disruptive green energy era, says Mukesh Ambani

Reliance Industries (RIL’s) annual report released on Sunday highlighted the company’s focus on new energy solutions, with Chairman and Managing Director (MD) Mukesh Ambani stating that the age of fossil fuels will not conti­nue much longer. RIL has sought shareholders’ approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which “will leverage the prowess of digital and retail businesses”, was expected to be listed soon.  Reliance Jio has received a $2.2 billion fund support from Swedish Export Credit Agency (EKN) to finance equipment for the 5G rollout, according to the report. The company has largely procured telecom gears from Swedish firm Ericsson and Finnish company Nokia to deploy its 5G netwo...