Author: AU News Bureau

Tata Realty, the Tata Group’s real estate development arm, has secured Rs 825 crore loan from the International Finance Corporation (IFC) for its Ramanujan Intellion Park in Chennai, the company said on July 8. This funding is earmarked for the strategic refinancing of the business park and is part of Tata Realty’s commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India. The company said that Ramanujan Intellion Park, sprawling 4.67 million sq ft, has achieved a complete reduction of emissions through renewables or carbon off-sets, saving more than 20 percent on water and…

The April – June quarter is expected to be a difficult one for the cement industry. Demand has been moderate (or flat depending on micro-markets) in Q1FY25 – a departure after eight consecutive quarters of strong growth. Prices on the other hand were muted with previously announced hikes being rolled back. Market sources said, at least two attempts were made to increase prices, once each in April and May; and a third one was mulled in June. But these recoveries did not sustain. Due to the persisting softness in demand, cement prices in the East and South regions were down…

Worldwide Realty announced the launch of 178 HRERA (Haryana Real Estate Regulatory Authority)-approved industrial plots in Manesar, spanning 112.5 acres land recently. This strategic initiative aims to meet the growing demand for industrial spaces in the region, offering robust infrastructure and unparalleled connectivity. These plots are part of the larger 118+ acre industrial township, The Golden City, which is strategically located near expressways and highways, providing excellent connectivity to Gurugram and other cities. The new development is poised to benefit significantly from both existing and upcoming infrastructure improvements in the area. “Our decision to launch industrial plots in The Golden…

Ultratech Cement’s middle east subsidiary – UCMEIL – has acquired additional 25 percent stake in UAE-based Ras Al Khaimah Company for White Cement (RAKWCT), taking the stake in the company to 54.39 percent, making it a subsidiary. The company informed exchanges through an exchange filing about the share acquisition, for which Baker McKenzie acted as legal adviser and Abu Dhabi Commercial Bank acted as the sole manager for the transaction. As recently as in April, UltraTech had announced UCMEIL’s plans to invest and acquire 29.39 percent of equity shares of RAKWCT, which is a listed company on the Abu Dhabi…

Luxury faucet manufacturer GRAFF presented impressive levers and finishes designs ‘SENTO’, created by the Italian studio Angeletti Ruzza Design. The Sento collection redefines faucet design with its impressive levers and exquisite finishes. Available in 25 stunning finishes, including the latest additions such as Tuscan Bronze, warm Bronze, and Satin Gold, all treated with advanced PVD coating for exceptional durability and resistance to household elements. The collection includes 15 faucet elements and a comprehensive range of accessories in polished chrome, Steelnox, and matte black and white textures. The entire collection can be viewed at www.graff-designs.com. The PVD finish features an innovative…

LIXIL, the maker of pioneering water and housing products, recently appointed Priya Rustogi as the Leader for LIXIL Water Technologies (LWT)—India and Subcontinent. LIXIL has been in the Indian market for over a decade through its American Standard and GROHE brands. In this pivotal role, Priya will oversee the operations of these sanitaryware brands in India and the Subcontinent according to a press release. With a sharp focus on leveraging innovation and disruptive business models, Priya aims to realize LIXIL’s goal of transforming end-to-end bathroom solutions in India. As a visionary leader, Priya will drive regional growth and development while…

RKN Enterprises, part of the Godrej Industries Group, sold its stake in Godrej Properties and Godrej Agrovet for Rs 1,652 crore. This sale is part of the Godrej family settlement announced in April. The shares were purchased by members of the Godrej Industries Group. In April, the founding family of the 127-year-old Godrej Group agreed to split the conglomerate. Adi Godrej and his brother Nadir will keep Godrej Industries, which includes five listed firms. Meanwhile, cousins Jamshyd and Smita will get unlisted Godrej & Boyce and its affiliates, along with prime property in Mumbai. RKN Enterprises sold 41.46 lakh shares,…

The Nemetschek Group, a global leader in software solutions for the AEC/O and media industries, inaugurated its Mumbai office. The launch event, ‘Architecting India’s Future,’ took place at the Taj Mahal Palace in Mumbai, marking a significant milestone in the company’s global expansion. Attended by key industry leaders and over 150 delegates, the event featured visionary discussions on the future of architecture in India. The event was followed by the signing of a Memorandum of Understanding (MoU) between the Nemetschek Group and JJ College of Architecture in Mumbai. This partnership aims to foster innovation and skill development in the Indian…