KONE's Q1 Operating Profit Soars
KONE, a leading global provider of elevators, escalators, and related services, has reported a significant increase in its operating profit for the first quarter of 2024. According to the latest financial report released by the company, KONE's operating profit surged by 10.1% to reach a staggering ?280 million, showcasing robust performance and strong operational efficiency amidst challenging market conditions.
The impressive growth in operating profit reflects KONE's continued focus on innovation, customer-centric solutions, and operational excellence. Despite the ongoing economic un..
NMC adjusts lease rates following state government notification
Logistics Platform Shipsy Acquired by StockOne
Indian logistics platform, Shipsy, has recently been acquired by StockOne, a leading player in the logistics industry. The acquisition signifies StockOne's aim to expand its presence in the logistics market and enhance its service offerings.
Shipsy, known for its technology-driven logistics solutions, has gained prominence in the industry due to its innovative approach. Its platform provides end-to-end visibility and streamlines operations for businesses across various sectors. With this acquisition, Shipsy will be able to tap into StockOne's extensive network and resources.
T..
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..