Sri Lanka restaurant EBITDA margin improved by 250 basis points year-on-year to 14.8 per cent. Sales grew 19 per cent in LKR (Sri Lankan rupee) terms and 31 per cent in rupee terms. This quarter marked the culmination of a strong turnaround for the Sri Lanka business over the year.
The report comes amid Subramanian's recent exit from his post as India’s executive director at the International Monetary Fund (IMF), six months ahead of schedule.
Union Telecom Minister Jyotiraditya Scindia has said that Apple will manufacture all iPhones in India in the coming years.
The housing finance company faced challenges in two of its major markets — Karnataka and Telangana — in FY25. Business in Karnataka was affected by delays in the registration of property sale transactions.
Realty firm Macrotech Developers Ltd plans to launch housing projects worth Rs 19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties.
This deal, executed through a share purchase agreement, involves TMLL acquiring 100 per cent shareholding in MRUK for a cash consideration of GBP 1.2 million (approximately Rs 13.5 crore).
The seasonally adjusted index signalled the strongest improvement in the sector’s health since June 2024, driven by faster growth in employment, production, and stocks of purchases.
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