Author: AU News Bureau

The Kempegowda International Airport, Bengaluru – Terminal 2 in India was awarded Best in Competition in the 2024 AIANY ( American Institute of Architects, New York) + ASLA-NY( American Society of Landscape Architecture, New York) Transportation + Infrastructure Design Excellence Awards. The terminal, designed by Skidmore, Owings & Merrill and Grant Associates, integrates extensive greenery and natural elements to reflect Bengaluru’s garden city heritage. The project features a 123,000-square-meter transit hub, increases annual passenger capacity to 50 million, and emphasizes sustainability with LEED Platinum certification. The terminal’s design includes lush landscapes, renewable energy systems, and efficient, adaptable structural engineering to…

Home furnishing startup Vaaree is looking to raise INR 20.78 Cr ($2.5 Mn) in Pre-Series A funding. The round will be led by Bengaluru-based venture capital firm Capier Investments. Peak XV’s Surge Ventures, which has backed Indian startups like Ethereal Machines, InCore, Mindgrove and ZeroK among others, also participated in the round. While Capier Investments will be infusing INR 12.47 Cr, Peak XV’s Surge is looking to invest INR 8.31 Cr in the round. The board of directors of the company had passed a resolution in March to issue 3,063 Pre-Series A cumulative compulsorily convertible preference shares to raise INR…

Net loss of Kolte Patil Developers reported to Rs 27.11 crore in the quarter ended March 2024 as against net profit of Rs 117.43 crore during the previous quarter ended March 2023. Sales declined 33.95% to Rs 526.38 crore in the quarter ended March 2024 as against Rs 796.93 crore during the previous quarter ended March 2023. For the full year,net loss reported to Rs 69.35 crore in the year ended March 2024 as against net profit of Rs 104.06 crore during the previous year ended March 2023. Sales declined 7.86% to Rs 1371.48 crore in the year ended March…

Zanuff Industries LLP, a leading manufacturer in the kitchenware industry, has unveiled ambitious plans for growth, bolstered by the strong foundation provided by its parent company, Jyoti India Kitchensink Private Limited. This strategic partnership positions Zanuff for significant expansion in the coming years. Analysts anticipate Zanuff’s growth plans to encompass several key areas: • Market Expansion: The company is poised to broaden its reach by entering new markets both domestically and internationally. This may involve establishing new distribution channels, participating in industry trade shows, or even launching targeted marketing campaigns in specific regions. • Product Diversification: Zanuff is expected to…

JSW Paints broke even for the first time in financial year 2024 (FY24) after entering the business in May 2019. The conglomerate’s paints business gross revenue crossed over Rs 2,000 crore in the previous financial year while its Ebidta (earnings before interest, depreciation, tax and amortisation) margin came in at 3 per cent (approximately 67 crore). It also targets a 2.5 times revenue growth as it targets its revenue to reach Rs 5,000 crore by FY26. The company said that the rise in gross revenues was supported by a significant ramp-up in both decorative paints and industrial coatings businesses. Parth…

India’s highway construction slowed in the past two months as national elections started, stalling land acquisition approvals. About 483 km of national highways were constructed in April and 600 km built till May 20, data from the Ministry of Road Transport and Highways of India showed. The pace of road construction in the first two months of FY25 was the slowest since the pandemic, according to the data seen in the media reports. “Highway construction has fallen due to a slowdown in land clearance after the Model Code of Conduct kicked in and voting began on April 19,” a senior…

Ikea collaborated with Woodgreen Pets Charity recently to launch their pet collection ‘Utsadd’. This new collection offers a range of objects for cats and dogs imagined for ‘eating, sleeping, playing, and hiding’, and developed in collaboration with a team of veterinarians and pet experts. Cats and dogs which need to be rescued for re-settlement model this new collection. The Utsådd range all pets essentials: in the 29-piece collection that includes striped bowls, a rattan dog bed and cushion, a tepee-like cat house and a series of soft dogs toys as well as a scratching board for cats. Each of the…

LAPP India, a leading supplier of cable and connectivity solutions for the transmission of data, signal and power, will be showcasing their products and solutions at ELASIA 2024, India’s premier electrical and electronics exhibition. The event will be held from May 24th to 26th, 2024, at the BIEC – Bangalore International Exhibition Centre. LAPP India will be highlighting a diverse range of products, including their well-known brands ÖLFLEX® – Power & Control Cables, UNITRONIC®- Data & Communication Cables, ETHERLINE® – Industrial Ethernet Cables and a range of accessories like glands, conduits, and connectors. One showcase will also be the newly…