Day: 12 October 2023

SignatureGlobal reports 113.92% growth in Q1FY24 pre-sales at INR 8,797.8 million

Vijay Raman

·         Company reported 73.99% growth in Q1FY24 collections at INR 6,038.56 million ·         Area rose 62.50% to 0.91 million sq. ft. for Q1FY24 compared to 0.56 million sq. ft. in Q1 FY23   Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR focusing on affordable and mid housing segments, today announced its un-audited financial results for the first quarter ended on June 30th, 2023 (Q1FY24) and the KPI numbers for Q1FY24 and H1FY24. The information mentioned in this release…

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PE Investments in Indian RE Register Decline of ~12% in 1H FY24 – ANAROCK Capital

Vijay Raman

Decline primarily due to lower investments in the residential space   The average ticket size of private equity investments into the Indian real estate sector has increased to USD 117 Mn in 1H FY24, from USD 100 Mn in 1H FY23, finds the ANAROCK Capital report FLUX – 1H FY24.   Shobhit Agarwal, MD & CEO – ANAROCK Capital, says, “This is largely due to a large deal in which Brookfield India Real Estate Trust REIT and Singapore’s sovereign wealth fund GIC together acquired 2 commercial assets – one in Mumbai…

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Cabinet approves establishment of an autonomous body Mera Yuva Bhara

Vijay Raman

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved establishment of an autonomous body Mera Yuva Bharat (MY Bharat) to serve as an overarching enabling mechanism powered by technology for youth development and youth led development and provide equitable access to youth to actualize their aspirations and build Viksit Bharat across the entire spectrum of the Government.   Mera Yuva Bharat (MY Bharat), an autonomous body will benefit the youth in the age group of 15-29 years, in line with the definition of ‘Youth’ in the…

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Luminous Power Technologies launches “India Full Power”festivecampaign on its diverse range of energy solutionsavailable on Amazon & Flipkart India

Vijay Raman

This initiative aims to spark cricket fever and elevate festive fervor by ensuring uninterrupted power   With the Cricket World Cup set to take place during the festive months, Indians have an electrifying celebration planned ahead. Offering a promise of uninterrupted watching experience to the cricket enthusiasts and fans, Luminous Power Technologies, the leading energy storage solutions company, has associated with Amazon & Flipkart India to introduce the “India Full Power with Luminous,” offering festive discounts onLuminous inverter and battery range. These offers will also be available on Luminous E-shop…

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ORKLA INDIA ANNOUNCES REORGANISATION WITH THREE BUSINESS UNITS – MTR, Eastern, and International Business

Vijay Raman

Earlier this year, Orkla ASA the Norwegian industrial investment company, transformed itself into a leading industrial investment company with twelve autonomous portfolio companies. Orkla ASA, announces the reorganization of its Indian operations under one business entity – Orkla India, which is now one of the portfolio companies. Orkla Indiais being reorganized by creating three business units: MTR, Eastern, and International Business (IB). This marks Orkla's presence as a distinct entity in the country, bringing together the rich heritage and expertise of two iconic brands, MTR, and Eastern. This move will…

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