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.
Billionaire Gautam Adani's conglomerate, the Adani Group, has put its $10 billion semiconductor joint venture with Israel's Tower Semiconductor on pause, reported sources.
Japan's Rakuten aims to invest at least $100 million and increase its headcount by 8 per cent in India this year to strengthen its global operations, a top executive of the internet conglomerate told sources.
The finance ministry on Tuesday said that India has an opportunity to strengthen its position in international trade and manufacturing amid global uncertainties, but the private sector and policymakers should be cautious that these challenges do not lead to capital formation being put on hold.
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