Google buys a New York building for $2.1 bn to build an office campus

Cement Sector Posts Strong Q1 on Price Hikes, Demand

Cement companies ended the June quarter on a strong note, supported by higher realisations from price hikes and robust volume growth. Most players reported double-digit gains in volumes, aided by last year’s low base during the election period, rising commercial activity, and faster execution of government projects. Lower operating costs also lifted EBITDA per tonne sharply.Volume growth was led by Ambuja (up 16.5 per cent), UltraTech Cement (15.3 per cent), JK Cement (14.3 per cent), and Sagar Cements (11.5 per cent), reflecting a rebound in demand. Shree Cement’s volumes fell 7.2 per cen..

IHCL to Cross 550 Hotels With New Acquisitions

Tata Group-owned Indian Hotels Company Limited (IHCL) announced on Tuesday that its portfolio is set to exceed 550 properties with 55,000 rooms, following definitive agreements to acquire controlling stakes in ANK Hotels and Pride Hospitality. The company has also signed a distribution agreement with Brij Hospitality Pvt Ltd.IHCL CEO Puneet Chhatwal said the acquisitions position its midscale Ginger brand as a market leader in India, with nearly 250 hotels, and on track to double this to 500 within the next 5–7 years. “They also take our presence to 250 cities in India,” Chhatwal added.T..

Amaravati Projects Worth Rs 813.17 Billion Proposed

The Andhra Pradesh Capital Region Development Authority (CRDA) has proposed projects worth Rs 813.17 billion for the development of the greenfield capital city of Amaravati, with tenders already issued for works valued at Rs 505.52 billion.Chief Minister N Chandrababu Naidu reviewed the progress of Amaravati’s construction at the Secretariat in a meeting attended by Municipal Minister P Narayana, senior officials, and contractors. Officials informed him that construction had begun on 74 projects, covering housing, public buildings, roads, ducts, flood control, and other key infrastructure.Na..