Gold
Net absorption to dip 10% in FY24 for office leasing segment
ICRA predicts 4-6% growth in FY25 tyre sales
Icra stated that domestic tyre sale volumes are expected to experience a moderate growth of 4-6 per cent in this fiscal year, following an estimated pace of 6-8 per cent in the previous financial year. The growth in the last fiscal, it was said, had been driven by factors such as elevated base and subdued growth in the commercial vehicle (CV) segment. However, Icra anticipated that domestic demand from original equipment manufacturers (OEMs) in certain consumer segments like PV (passenger vehicle) and two-wheeler, as well as for replacement, would remain healthy, supporting overall tyre volume..
Construction Sector Revenues to Grow 12-15% by FY25: ICRA
According to ICRA, entities in the construction sector are poised to experience a significant revenue growth of 12-15% by the fiscal year 2025. This optimistic projection reflects the sector's potential for expansion and recovery in the coming years.
The forecasted revenue growth underscores the construction sector's resilience and adaptability, despite facing challenges such as the COVID-19 pandemic and economic uncertainties. The sector's ability to rebound and achieve double-digit revenue growth indicates its fundamental strength and vitality.
ICRA's projection is based on v..
Construction Sector Revenues to Grow 12-15% by FY25: ICRA
According to ICRA, entities in the construction sector are poised to experience a significant revenue growth of 12-15% by the fiscal year 2025. This optimistic projection reflects the sector's potential for expansion and recovery in the coming years.
The forecasted revenue growth underscores the construction sector's resilience and adaptability, despite facing challenges such as the COVID-19 pandemic and economic uncertainties. The sector's ability to rebound and achieve double-digit revenue growth indicates its fundamental strength and vitality.
ICRA's projection is based on var..
Q4 profit: Keystone Realtors' profit falls 60%
A 60 % fall was seen in realty firm Keystone Realtors Ltd net profit to Rs 0.3 billion for the March quarter. Last year in the same period. The company?s net profit stood at Rs 0.76 billion.
In addition, total spending increased to Rs 7.81 billion from January to March of the previous fiscal year from Rs 2.71 billion the previous year. In the fourth quarter of the most recent fiscal year, total income increased to Rs 8.26 billion from Rs 3.57 billion during the same period the previous year.
The company's net profit increased to Rs 1.12 billion in the 2023?24 fiscal year from Rs..
Brookfield India Real Estate Trust will acquire a 50% stake
50% of the four Grade A assets from Bharti Enterprises (Bharti) will be acquired by Brookfield India Real Estate Trust (BIRET) as per an agreement between the two. The 3.3 million square feet of commercial real estate included in the deal have an enterprise value of about Rs 60,000 million. The whole equity payment for the 50% interest would be satisfied by giving Bharti first dibs on BIRET units, which are valued at Rs 300 each. After that, Bharti will retain an 8.53% ownership position in BIRET, making it the second-largest unitholder.
The portfolio of properties consists of the op..
