India's Top Challengers award at 19th Construction World Annual Awards 2021

L&T Posts Rs 15 Bn Q4 Profit, Orders at Rs 89.6 Bn

Engineering and construction giant Larsen & Toubro (L&T) reported a 25 per cent increase in consolidated net profit attributable to shareholders for the January–March quarter of FY2024–25, driven by strong revenue growth and an exceptional gain. The company posted a net profit of Rs 54.97 billion for the quarter, while revenue rose by 10.9 per cent year-on-year to Rs 743.92 billion.Order inflow during the March 2025 quarter stood at Rs 896.13 billion, marking a 24 per cent year-on-year rise. International orders accounted for Rs 627.39 billion or 70 per cent of the total.For the fu..

Minimalist Hotels Plans 20 New Properties in Two Years

Minimalist Hotels has announced plans to expand its presence by launching 20 new properties over the next two years. The lifestyle hospitality brand aims to raise Rs 200 million to fund this phase of growth, with a focus on culturally rich and high-potential destinations such as Varanasi, NCR, Rajasthan, Goa, Mumbai, Uttarakhand, and Chandigarh.This strategic expansion comes amid a positive outlook for the Indian hotel industry, which is projected to grow from USD 15.67 billion in 2024 to USD 22.41 billion by 2030, at a compound annual growth rate (CAGR) of 9.32 per cent. Boutique and mid-scal..

MahaRERA Crosses 50,000 Housing Projects Milestone

Marking its seventh anniversary, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has registered over 50,000 housing projects, becoming the only state in India to reach this milestone. Maharashtra now accounts for more than 35 per cent of all residential projects registered under RERA across the country.According to data from the Ministry of Housing and Urban Affairs, India has a total of 144,617 housing projects registered with RERA bodies. Maharashtra leads with 50,162 projects, followed by Tamil Nadu with 27,609 and Gujarat with 15,322.Manoj Saunik, Chairman of MahaRERA, stated, ..