New York Life Invests in Max Estates

03 May 2024 CW Team

In a strategic move, New York Life Insurance Company has injected Rs 3.88 billion into Max Estates, acquiring a 49% stake in two office properties. This significant investment underscores the confidence of global investors in India's real estate sector despite prevailing market conditions.

Max Estates, a subsidiary of Max Group, has been steadily expanding its footprint in the commercial real estate segment. The infusion of funds from New York Life will bolster Max Estates' growth trajectory and further strengthen its position in the market.

The two office properties, located in prime locations, are poised to benefit from this partnership. With New York Life's backing, Max Estates aims to enhance the value proposition of these properties and attract high-quality tenants.

This collaboration not only reflects the attractiveness of Indian real estate assets to international investors but also highlights the potential for further investment in the sector. The infusion of capital will enable Max Estates to pursue its development plans and explore new avenues for growth.

New York Life's investment in Max Estates reaffirms the long-term prospects and resilience of India's commercial real estate market. It signals a vote of confidence in Max Estates' capabilities and strategic vision to deliver value to its stakeholders amidst evolving market dynamics.

Overall, this partnership between New York Life and Max Estates is poised to drive innovation, growth, and sustainability in the commercial real estate landscape, setting a positive precedent for future collaborations in the sector.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..