The PIL pertains to alleged “unholy nexus between the defaulting developers and the officials of MHADA that caused and resulted in unlawful losses to the state's exchequer to the tune of ₹40,000 crores.
Bengaluru (Karnataka) [India], April 27 (ANI/BusinessWire India): Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2023. Vikaash Khdloya, Chief Executive Officer of Embassy REIT, said, "Despite global macro volatility, we're very pleased to achieve our highest ever leasing of 5.1 msf across a record 100 deals. India remains the world's preferred offshoring destination and continues to attract global businesses looking for skilled talent and low costs, and we're well positioned to benefit from this secular trend. Backed by our clear strategy to create long-term value for our investors and our fortress balance sheet, we continue to make significant growth investments to our now 45 msf world-class portfolio." The Board of Directors of Embassy Office Parks Management Services Private Limi
New Delhi [India], April 13 (ANI/PRNewswire): Tube & Pipe Fair's first edition, to be held from 6th to 8th October 2023, will assist the global tubes and pipes industry in harnessing the benefits from a period of growth, development, achievements, and sky-rocketing returns. As per various market research reports, the global tubes and pipes industry has been thriving since 2017. Although Covid-19 threw a setback on the industry's upward growth in 2019-2020, the recovery and bounce back have been phenomenal. The best news for the industry is that irrespective of forming material of tubes & pipes, the products have managed to find a wide market demand and presence. For instance, even while steel pipes and tubes gain appraisal of the global industrial market, the PVC pipes and tubes industry has been sized at USD 76.5 billion in 2021, with a recorded average CAGR of 10 per cent over the FY16-FY21 period. Among all these trends, India is appropriately placed to reap the best
FY23 was a special year with the FMCG India business growing at 17% and Malaysia strengthening its No. 1 position in personal care with strong growth of over 20+%. Vietnam crossed the USD 100 Mn revenue mark with double-digit growth. Other markets with double-digit growth included South Africa, Middle East & Philippines, the company said.
Mumbai (Maharashtra) [India], March 15 (ANI/PRNewswire): According to the IMF, global GDP will decelerate to 2.9 per cent in 2023, down from 3.4 per cent in 2022. The International Monetary Fund (IMF) expects India to grow at a rate of 6.0-6.5 per cent, down from a predicted rate of 7 per cent. It is understandable that recession can be a worrying time for both consumers and business. "Our company is expanding rapidly. We are growing in numbers. While we recruited more than 3,500 during the third quarter, largely for cross-selling and upselling of products, we intend to hire another 1,000 in the current quarter with regards to the recent merger," states S Sunder, Joint Managing Director of Shriram Finance. Financial Inclusion of SMEs SMEs have a key role in driving employment, especially in developing economies. SMEs contribute to employment generation and growth of economy. According to Umesh Govind Revankar, Executive Vice Chairman of Shriram Finance, Micro, Small and Mediu