Nexus Select Trust's Q1 Net Income Rises 7% to Rs 4.13 Bn

02 Aug 2024 CW Team

Nexus Select Trust has reported a robust performance in the first quarter of FY25, with its net operating income rising by 7% to Rs 413 crore. This growth reflects the trust?s strong position in the retail real estate sector and its effective management strategies during the period.

The increase in net operating income is attributed to higher rental income and improved occupancy rates across its retail properties. Nexus Select Trust, which focuses on investing in high-quality retail assets, has seen enhanced performance driven by higher footfalls and increased consumer spending.

The trust's diversified portfolio, including premium shopping malls and retail spaces, continues to attract major brands and retailers, contributing to its financial success. The strategic locations of its assets and the trust's focus on maintaining high standards of property management have played a crucial role in driving growth.

Nexus Select Trust's CEO highlighted that the positive financial results are a testament to the resilience of the retail real estate market and the trust's commitment to delivering value to its investors. The trust remains optimistic about sustaining its growth trajectory in the coming quarters, supported by a strong pipeline of leasing deals and ongoing property enhancements.

As the retail sector continues to recover and expand, Nexus Select Trust is well-positioned to capitalise on market opportunities and deliver steady returns to its stakeholders. The trust?s solid performance in Q1 FY25 underscores its role as a leading player in the retail real estate investment space.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..