Housing Sales Forecasted to Drop 2% in Top 9 Cities

24 Jun 2024 CW Team

In a significant development for Maharashtra's automotive sector, Mercedes-Benz has revealed plans to invest ?30 billion in the state. This investment aims to bolster local manufacturing capabilities and enhance production capacities at its facilities. The announcement was made by the state's Industries Minister, highlighting the strategic importance of Maharashtra as a hub for automotive manufacturing and innovation. The investment by Mercedes-Benz is expected to create employment opportunities and stimulate economic growth in the region. It underscores the company's commitment to expanding its footprint in India and leveraging local resources and talent. This move also aligns with broader efforts to strengthen the automotive manufacturing ecosystem in Maharashtra, fostering a conducive environment for industrial development. The investment comes at a crucial time as the automotive industry navigates through evolving market dynamics and technological advancements. It signals confidence in India's market potential and underscores Mercedes-Benz's long-term vision for sustainable growth and innovation in the country.

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..