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India's L&T Forecasts Lower Revenue Growth
India's prominent engineering and construction conglomerate, Larsen & Toubro (L&T), has recently forecasted a tempered revenue growth trajectory and order inflow for the fiscal year 2025. This projection comes amidst a complex economic landscape both domestically and globally.
L&T, often seen as a bellwether for India's infrastructure and construction sector, anticipates challenges in sustaining its growth momentum. The company, with its diverse portfolio spanning infrastructure, power, hydrocarbon, and heavy engineering sectors, plays a significant role in the nation's development lan..
Anarock's FY24 Net Revenue Rises 36%
Anarock, a leading real estate services firm, has reported a significant increase in net revenue by 36% for the fiscal year 2023-24. This surge in revenue underscores the company's robust performance amidst the dynamic real estate market landscape.
The substantial growth in net revenue reflects Anarock's resilience and adaptability in navigating market challenges and capitalising on emerging opportunities. The firm's strategic initiatives and customer-centric approach have contributed to its strong financial performance despite the evolving market conditions.
Anarock's impressive..
BCD Group strengthens services with interior design launch
Construction and design company BCD Group has expanded its offerings by launching Casadilusso, a new interior design arm. This move strengthens their vertical integration strategy, allowing them to provide a comprehensive solution for real estate developers and home buyers. The decision reflects a growing trend in the industry. Developers are increasingly seeking ?one-stop-shop? contractors who can handle everything from design and engineering to construction, all under one roof. This approach improves efficiency and productivity for developers. ?With over seven decades of experience in develo..
NCLAT Halts ATS Projects' Insolvency
The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.
The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..
IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer
IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.
The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..
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