Ingka Centre to open city centres at Gurugram & Noida

17 Aug 2022 CW Team

Ingka Centres, a subsidiary of Ikea's retail operator Ingka Group, has announced plans to invest 900 million euros (roughly Rs 72.45 billion) in India over the next few years to establish two centres for business, meeting, and shopping. According to reports, Ingka Group (which also includes IKEA Retail and Ingka Investments) began construction on its first centre recently with a 400 million euro investment. It also intends to open a similar facility in Noida. While the Gurugram centre is scheduled to open in late 2025, a timeline for the Noida location has yet to be finalised because it is awaiting approvals.

Also read:
IKEA to infuse Rs 3,000 crore in Karnataka
Shapoorji Pallonji launches luxury residential project in Thane

Infrastructure Energy

18 Sep 2025

L&T Secures Power Grid Orders in India, UAE and Oman

The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro (L&T) has secured multiple grid infrastructure orders in India and abroad, including Distribution SCADA systems and Dynamic Reactive Power Compensation devices.In India, the project involves modernising power distribution in two towns through SCADA integration and smart technology. The scope also covers distribution transformer station upgrades and the conversion of overhead lines to underground cabling.In the UAE, L&T will design, deliver and construct two ±300 MVAr STATCOM systems at existing 400 kV..

Mahindra Lifespace to Redevelop Two Societies in Chembur

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, has been selected to redevelop two societies in Chembur, Mumbai, with a combined gross development value of approximately Rs 17 billion.The societies cover around 2.6 acres and 1.8 acres respectively. The redevelopment plans include well-designed homes prioritising sustainability, modern amenities, and enhanced connectivity, aiming to offer residents a superior living experience while creating long-term value through environmentally responsible practices.Vimalendra Singh, Chief Business ..

Sterling Gtake Partners with China Firm for EV Tech

Sterling Tools, through its subsidiary Sterling Gtake E-Mobility (SGEM), has announced its entry into the electric vehicle (EV) segment with On-board Chargers and DC/DC converters.SGEM has signed a Technology License and Supply agreement with Landworld Technology Co., China, to locally manufacture On-board Chargers, DC/DC converters, and Multi-Function Units. These units combine On-board Chargers, DC/DC converters, and Power Distribution Units (PDUs), and are essential for the electrification of passenger and commercial vehicles. Manufacturing will take place at SGEM’s EV campus in Faridabad..