Author: AU News Bureau

C.F. Møller Architects has just been declared the winner of the urban competition to develop the Luna District in Södertälje, Sweden. Their proposal, “The Sky is Our Roof” outlines the transformation of the Luna District, known as Lunagallerian, representing one of the most extensive urban development projects in Södertälje’s history. Set to be reimagined into several open urban districts, the project was selected out of 35 architectural firms. The Luna District is one of Södertälje’s most well-known districts. Combining “gentle demolition with low-impact construction,” the architects’ approach was to create value through thoughtful actions impacting the landscape, the city, the…

The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed a whopping 96.25 times on the last day of subscription on Tuesday. The Rs 537 crore initial share-sale received bids for 985,697,520 shares against 10,241,507 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched 222.10 times subscription while the quota for non-institutional investors got subscribed 118.65 times. The quota for Retail Individual Investors (RIIs) attracted 18.13 times subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454…

Cement major UltraTech Cement Ltd., has decided to pick up 23% stake in the India Cements Ltd (ICL). On June 27, UltraTech Board approved the move to purchase up to 7.06 crore equity shares of ICL for ₹267 per share, it said in a regulatory filing. This non-controlling financial investment constitutes around 23% of the equity share of ICL. The transaction is expected to be completed within a month. Shares of ICL gained ₹24.85 or 9.45% and was trading at ₹287.80 on the BSE on Thursday, while UltraTech shares gained ₹324.40 or 2.91% and was quoted at ₹11,474.15. Source: thehindu.com

The Danish design brand Georg Jensen launched its first electric kettle and toaster as part of the Bernadotte collection, inspired by the former Prince of Sweden, Sigvard Bernadotte Georg Jensen’s new kitchen appliance collection is an ode to the brand’s long time collaborator and former Swedish Prince Sigvard Bernadotte. Playfully known as the Design Prince of Sweden, Bernadotte worked closely with the Danish brand throughout his life, and now the iconic Bernadotte collection, created in his name, welcomes the perfect breakfast accompaniments; a carefully crafted electric kettle and toaster. The appliances are built on two foundational elements. The first nods…

Eternia, a manufacturer of WiWA-certified and Durnanium (patented aluminium alloy) doors and windows, has recently announced the development of a numerical framework for for effective aluminium window profile design. This breakthrough results from a collaborative study between Eternia and the prestigious IIT Delhi at its Higher Performance Computing (HPC) Facility. Windows play a significant role in residential, commercial, and industrial buildings, significantly impacting indoor comfort, energy efficiency, and environmental impact. However, it is often ignored and not considered equally critical. While previous research has focused on aspects like thermal, visual, and acoustic comfort, there has been a lack of comprehensive…

The Uttar Pradesh Cabinet on Tuesday approved a proposal from the Tata Sons to build a ‘museum of temples’ in Ayodhya at a cost of INR 650 crore. Sharing details about the decision, Tourism Minister Jaivir Singh said the Tourism Department would provide the company land for the international-level museum on a 90-year lease for a token money of INR 1. “Tata Sons had proposed the project through the Central government, offering to build the museum at a cost of INR 650 crore under its corporate social responsibility fund,” Singh said at a press meet here after the Cabinet meeting…

Hafele has recently unvieled a new range of Fully Automatic Front-Loading washing machines – the Amara Series, where timeless endurance meets contemporary sophistication according to a press release. Derived from the word “Amara,” meaning “eternal” or “everlasting,” the premier range of washing machines embodies the essence of longevity and reliability. Just as the name suggests, the Amara Series is synonymous with durability and endurance, promising to stand the test of time in the realm of household appliances. With sleek design elements and cutting-edge technology, each machine in the Amara Series is a testament to Hafele’s commitment to excellence and belief…

In the face of Bangalore’s growing water crisis, Aranyakaa Farms announced its most ambitious project, “Code Name #H2o Handle with Care.” This innovative self-sufficient farmland aims to achieve complete independence from external water sources within ten years, utilizing a network of lakes, advanced rainwater collection systems, and a diverse range of plant and animal life. Building on their successful use of artificial lakes, Aranyakaa Farms demonstrates its unwavering commitment to sustainable farming, biodiversity, and future generations according to a press release. Their innovative practices are already making a significant impact. The Vrindavan project features a massive 45 lakh litre artificial…