Havells India Secures 50-Acre Site for New Factory in UP
Havells India announced on Thursday, 8 May, that it has received a Letter of Intent (LoI) from the Yamuna Expressway Industrial Development Authority (YEIDA) to establish a large-scale electronics manufacturing facility in Uttar Pradesh. The proposed unit will be developed on 50 acres of land located in EMC, Sector 10 of the YEIDA region.The company plans to utilise this site for the future expansion of its manufacturing capacity, with a particular focus on consumer goods and home appliances. The LoI is subject to compliance with the state’s policy framework and other regulatory guidelines.T..
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..
Latest Updates
