Avani Brand Debuts in India with Visakhapatnam Beach Resort

24 Apr 2025 CW Team

Minor Hotels has announced its entry into the Indian market with the launch of its Avani Hotels & Resorts brand. The flagship property, Avani+ Sunray Beach Visakhapatnam Resort, is a luxury new-build development set on Sunray Beach, featuring 117 hotel rooms and 58 branded residential villas.

Scheduled for completion by 2028, the resort will offer multiple dining options, including a speciality restaurant and an all-day dining space, along with leisure and wellness facilities such as an AvaniSpa, AvaniFit gym, a beach bar, and a nine-hole par-three golf course. Developed in partnership with Sunray Green Space Pvt Ltd, the project is expected to set a new hospitality standard in Visakhapatnam, a city seeing rapid growth in its commercial and tourism sectors. The resort will also cater to the meetings, incentives, conferences, and exhibitions (MICE) market.

Dillip Rajakarier, Group Chief Executive Officer of Minor International and Chief Executive Officer of Minor Hotels, noted that the Avani brand will bring contemporary design and premium hospitality to one of India’s most dynamic coastal cities.

Source: Minor Hotels

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..