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L&T Finance Holdings' Merger: Cost Reduction and Rs 3000 Cr Fund Release
ECONOMY & POLICY

L&T Finance Holdings' Merger: Cost Reduction and Rs 3000 Cr Fund Release

L&T Finance Holdings is set to undergo a strategic merger aimed at optimizing operational efficiency and unlocking significant financial resources. The consolidation is poised to streamline various aspects of the organization, resulting in substantial cost reductions. The move is not only expected to enhance overall financial performance but also to free up an impressive Rs 3000 Crores for future strategic initiatives. This merger aligns with the company's commitment to adapt to evolving market dynamics and reinforce its financial prowess. The comprehensive restructuring encompasses key areas, ensuring a more agile and resilient financial entity. The strategic decision underscores a forward-looking approach, positioning L&T Finance Holdings for sustained growth in a dynamic economic landscape.

L&T Finance Holdings is set to undergo a strategic merger aimed at optimizing operational efficiency and unlocking significant financial resources. The consolidation is poised to streamline various aspects of the organization, resulting in substantial cost reductions. The move is not only expected to enhance overall financial performance but also to free up an impressive Rs 3000 Crores for future strategic initiatives. This merger aligns with the company's commitment to adapt to evolving market dynamics and reinforce its financial prowess. The comprehensive restructuring encompasses key areas, ensuring a more agile and resilient financial entity. The strategic decision underscores a forward-looking approach, positioning L&T Finance Holdings for sustained growth in a dynamic economic landscape.

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Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

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Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

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Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

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