Arkade Buys Thane Land for Rs 1.7 Billion Project

17 Jun 2025 CW Team

Arkade Developers Ltd has entered the Thane real estate market with the purchase of a 6.28-acre freehold land parcel for Rs 1.72 billion, including stamp duty. The Mumbai-based real estate company announced the acquisition in a regulatory filing on Friday, marking its strategic expansion beyond central and western Mumbai.

The acquired site will house a mixed-use residential and commercial development, with a gross development value (GDV) of Rs 20 billion (USD 240 million). The planned development will offer a total saleable area of approximately 926,000 square feet, and is scheduled to launch in early 2026.

The project is expected to enhance Arkade’s growing portfolio and bring new housing and commercial options to the fast-growing Thane region, which has become a hub for urban expansion in the Mumbai Metropolitan Region.

With this foray into Thane, Arkade Developers, one of India’s prominent real estate firms, strengthens its position in the western India property market, targeting the demand for integrated living spaces combining residential and commercial facilities.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..