Mumbai – The News Desk

Virgin Atlantic launches Bengaluru route and goes double daily on Mumbai – Business Traveller

4Apr

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Travel

Virgin Atlantic launches Bengaluru route and goes double daily on Mumbai – Business Traveller

Virgin Atlantic is increasing its services to India, launching a new route to Bengaluru and confirming a second daily service to Mumbai from October 2024. While Virgin celebrates its 40th anniversary in June, next year will mark another milestone – 25 years of operations to India. The airline added that it will offer over one million seats to the country from 2025, representing a 350 per cent capacity growth since 2019. The Bengaluru route was first announced in June 2023, with the carrier aiming to meet burgeoning business travel demand from India’s Silicon Valley as well as connecting families, friends and students. Virgin competes with British Airways’ existing daily service, while Air India is also set to launch a route from Gatwick in May. Business Traveller flew with Virgin Atlanti...

Registration of properties in Mumbai city may rise 33% in Dec: Report

30Dec

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Business

Registration of properties in Mumbai city may rise 33% in Dec: Report

Of the overall registered properties, residential units constitute 80 per cent. Registration of properties in Mumbai municipal area is likely to rise by 33 pc annually to around 12,500 units during this month on better demand, according to Knight Frank. As many as 9,367 properties were registered in Mumbai city (area under BMC jurisdiction) during the same month last year. Real estate consultant Knight Frank India has compiled the data of registration of properties from Department of Registrations and Stamps, Maharashtra government. As per the latest data of December, 12,134 units were registered till 12 noon and the number is set to reach around 12,500 units by late evening. "Homebuyers in Mumbai continue to demonstrate confidence in the property market,...

Vistara strengthens international connectivity from Mumbai – Business Traveller

23Dec

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Travel

Vistara strengthens international connectivity from Mumbai – Business Traveller

Vistara, a joint venture of Tata group and Singapore Airlines, will boost international connectivity from Mumbai by increasing frequencies to two popular international destinations – London Heathrow and Singapore. The airline will increase the flight frequency between Mumbai and London Heathrow, from 4x weekly to daily flights, starting 1 March 2024. Additionally, Vistara will introduce a second daily flight between Mumbai and Singapore from 1 February 2024, using its A321neo aircraft. Vistara also operates daily flights between Delhi and London Heathrow, and flies daily to Singapore from Delhi and 6x weekly from Pune. Bookings for the flights are open on all channels, including Vistara’s website, mobile app, and through travel agents. Vistara connects Mumbai to a total of 14 internation...

India’s construction sector levels up as housing demand spurs economy

2Dec

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Business

India’s construction sector levels up as housing demand spurs economy

If India needed any more proof that it was in the midst of a huge housing boom, it got in this week's GDP data, heightening expectations that the industry will continue to power the economy for years to come. The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed. That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies. In contrast, Western economies have been squeezed by high interest rates and energy prices, while China has been hobbled by a debt crisis in its property sector. The long-awaited boom - which has created millions of jobs - comes after about six years of d...

India Remains a Bright Spot in Global Economy

30Nov

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World

India Remains a Bright Spot in Global Economy

NEW DELHI—India continues to outperform other major economies, economists said, thanks to continued strength in services and industry even as weak rainfall hurts agricultural harvests.Gross domestic product in the three months ended Sept. 30 rose 7.6% from a year earlier, according to government data issued Thursday. That was only slightly lower than the 7.8% expansion recorded in the preceding quarter.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Capacit’e Infraprojects bags project worth Rs 101 cr from Tridhaatu Aranya

29Nov

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Business

Capacit’e Infraprojects bags project worth Rs 101 cr from Tridhaatu Aranya

Capacit'e Infraprojects on Wednesday said that it has bagged a project worth Rs 101 crore from Tridhaatu Aranya Developers LLP. The company said in a BSE filing that it "has received a work order from Tridhaatu Aranya Developers LLP for total contract value of Rs 101 crore (excluding GST) for project Aranya Phase-II at Chembur". Managing Director and Chief Executive Officer Rahul Katyal said that the order inflow for the current financial year, along with existing order book gives the company confidence to deliver good growth in the coming quarters. "At Capacit'e, it is our continuous endeavour to add quality orders from existing and new clients and we are confident on the growing execution capabilities of the company," Katyal said. Headquartered in Mumb...

21Nov

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Business

Rs 73.50 Cr Deal: Everest Group Promoter Buys Luxurious Worli Apartment

Published By: Business DeskLast Updated: November 21, 2023, 17:26 ISTVadilal Bhai Shah started the Everest Food Products firm in 1967. (Representative image)Everest Group promoters paid Rs 73.50 crore for a 6,294-square-foot sea-facing property at Oberoi Realty's upscale project Three Sixty West in Worli.The Everest Food Products promoter group, well-known for its Everest brand of spices, recently paid Rs 73.50 crore for a sea-view luxury apartment in a super-luxury residential building on Dr Annie Besant Road in Mumbai’s affluent Worli locality.Reportedly, the apartment, purchased by Everest Group promoter Sanjeev Vadilal Shah and wife Malati, has a carpet area of 6,130 square feet and is located on the 37th habitable floor of the Oberoi Three Sixty West skyscraper.According to a report...

IHCL unveils its flagship Ginger at Mumbai Airport

17Nov

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Travel

IHCL unveils its flagship Ginger at Mumbai Airport

IHCL announced the opening of Ginger Mumbai, Airport. The 371 keys flagship Ginger hotel, strategically located near the domestic airport will introduce the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests. Speaking on the occasion, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “The opening of Ginger Mumbai Airport is a significant milestone in the transformation journey of the brand which now has over two third of its operating hotels in the upgraded new lean luxe identity.” He added, “India’s economic growth and rapidly expanding infrastructure presents a significant opportunity for the mid-scale segment. Having pioneered the segment in India, IHCL is set to launch simila...

1Nov

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Business

Nita Ambani at Jio World Plaza launch

Founder and chairperson of Reliance Foundation Nita Ambani on Tuesday arrived at the grand launch of Jio World Plaza in Mumbai. Expressing her excitement at the event, Nita Ambani said, "Jio World Plaza is not only going to be the best mall in India but I hope it will become the best mall in the world. Definitely, we are really looking forward to it...Today is an ode to all the Indian designers and our arts & artisans also." According to a press release by Reliance Jio, located strategically in the bustling Bandra-Kurla Complex (BKC) at the heart of Mumbai, Jio World Plaza opened its doors to the public on November 1. The Plaza seamlessly integrates with the Nita Mukesh Ambani Cultural Centre, the Jio World Convention Centre, and the Jio World Garden, makin...

Net profit jumps 36% to Rs 10,261 cr, NII up 24%

21Oct

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Business

Net profit jumps 36% to Rs 10,261 cr, NII up 24%

Interest earned by the bank improved to Rs 34,920 crore from Rs 26,033 crore in the September 2022 quarter | Photo: Bloomberg Private sector lender ICICI Bank on Saturday reported a 36 per cent rise in standalone net profit to Rs 10,261 crore for the September 2023 quarter, aided by an improvement in interest income. The Mumbai-based lender had posted a net profit of Rs 7,558 crore in the year-ago period. The total income in the second quarter of the current fiscal rose to Rs 40,697 crore from Rs 31,088 crore in the same period a year ago, ICICI Bank said in a regulatory filing. Interest earned by the bank improved to Rs 34,920 crore from Rs 26,033 crore in the September 2022 quarter. Its net interest income (NII) increased by 24 per cent year-on-year to...