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Indian-news

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 31 Mar 2025 08:50 PM   EconomicTimes

International University, Nagaland names new library after Dr Keshav Baliram Hedgewar

International University, Nagaland has inaugurated the Dr. Keshav Baliram Hedgewar Central Library with 75,000 books. The library aims to foster knowledge and intellectual growth in the region while honoring the founder of the Rashtriya Swayamsevak Sangh. Development plans also include new blocks for medical and educational facilities.

 31 Mar 2025 08:34 PM   EconomicTimes

Aditya Birla sells Century Pulp and Paper to ITC for Rs 3,498 crore

Aditya Birla Group has sold Century Pulp and Paper to ITC Limited for Rs. 3498 crore. The sale, carried out through a slump sale route, enables Aditya Birla Real Estate to focus on its real estate endeavors. ITC, a major player in the paper industry, was the preferred buyer due to its significant market presence.

 31 Mar 2025 08:19 PM   EconomicTimes

Air passenger traffic likely to rise 9 pc CAGR to 485 mn by FY27: Report

Air passenger traffic in India is projected to grow at a 9% CAGR between FY2025 and FY2027, reaching approximately 485 million passengers by FY27, according to CareEdge. This growth is driven by increasing air travel demand and expanded airport and airline capacities. Significant investments in airport infrastructure and greenfield airports are also contributing to this recovery.

 31 Mar 2025 08:18 PM   EconomicTimes

REITs to play significant role in shaping Indian office market landscape in 2025: Anarock

The maturity of Indian REITs is drawing significant domestic and foreign institutional investments into the commercial real estate sector. The high net office space absorption in 2024 and the launch of new REITs are propelling demand, enhancing asset quality, and promoting professional management.

 31 Mar 2025 08:04 PM   EconomicTimes

CNG to cost more after govt hikes APM gas price

The government has increased the price of natural gas from old legacy fields to USD 6.75 per million British thermal units, effective April 1. This raise aligns with the decision to incrementally hike rates annually till full deregulation in 2027. The price revision applies monthly but is subject to floor and ceiling limits.

 31 Mar 2025 08:00 PM   EconomicTimes

Aditya Birla Real Estate streamlines portfolio, sells Century Pulp and Paper to ITC for Rs 3,498 crore

Aditya Birla Real Estate Limited board approved the divestment of its pulp and paper venture in Uttarakhand to ITC Limited for Rs 3,498 crore. This strategic move will refocus ABREL on real estate. The deal awaits regulatory approvals, including from the Competition Commission of India. JM Financial and AZB & Partners advised on the transaction.

 31 Mar 2025 08:00 PM   EconomicTimes

Aditya Birla Real Estate streamlines portfolio, divests Century Pulp and Paper for Rs 3,498 cr

Aditya Birla Real Estate Limited board approved the divestment of its pulp and paper venture in Uttarakhand to ITC Limited for Rs 3,498 crore. This strategic move will refocus ABREL on real estate. The deal awaits regulatory approvals, including from the Competition Commission of India. JM Financial and AZB & Partners advised on the transaction.

 31 Mar 2025 07:16 PM   EconomicTimes

Renault to fully acquire Nissan’s stake in India JV, take full control of operations

Renault will acquire Nissan's 51% stake in their joint venture, RNAIPL, making it a wholly-owned subsidiary. Nissan will continue to use the manufacturing infrastructure for existing and new models. Both companies reaffirm their commitment to the Indian market and have plans for new vehicle launches and increased production.

 31 Mar 2025 06:48 PM   EconomicTimes

Deepak Fertilisers arm gets demand notice of Rs 226 cr from Income Tax dept

Deepak Fertilisers' subsidiary, Mahadhan AgriTech Ltd, faces a Rs 226.32 crore penalty from the Income Tax Department for assessment years 2017-18 and 2018-19, with a demand notice issued by Mumbai's Assistant Commissioner of Income Tax dated March 30, 2025. The company plans to appeal, asserting their confident stance on the case.

 31 Mar 2025 06:47 PM   EconomicTimes

Haldiram sells stake to IHC and Alpha Wave Global

Haldiram Snacks Food, India's prominent snack and food brand, has confirmed the sale of stakes to new investors IHC and Alpha Wave Global. This follows a similar stake acquisition by Temasek, bolstering Haldiram's financial strength for its expansion efforts, especially in the US and Middle East markets.

 31 Mar 2025 06:36 PM   EconomicTimes

Domestic natural gas price for April up 25 cents to $6.75/mmbtu

India has increased the price of its locally produced gas from oil fields to $6.75 per mmBtu for April. This revision is the first in two years. The ceiling price for gas from difficult fields has also been adjusted to $10.04 per mmBtu for April-September. Higher prices will affect industrial buyers, fertiliser companies, and city gas distribution sectors.

 31 Mar 2025 06:01 PM   EconomicTimes

India can be great producer of SAF; the fuel can help reduce pollution: Airbus official

India has great potential to produce Sustainable Aviation Fuel (SAF) using available biomass waste and feedstocks like rice and wheat straws. Airbus is working with the Indian Institute of Petroleum to develop new SAF production methods. Policies and government support are vital for scaling production and making SAF more cost-competitive.

 31 Mar 2025 06:00 PM   EconomicTimes

PNB banks on strategies like QR code feedback to boost customer service, smart lending

Ashok Chandra, new MD and CEO of Punjab National Bank, emphasizes customer service, retail lending, and selective corporate financing. A tech-enabled customer feedback system will be implemented, and efforts are underway to regain CASA share. The approach focuses on profitability rather than volume, with leadership actively involved in business expansion and loan recovery.

 31 Mar 2025 05:57 PM   EconomicTimes

Mumbai realty hits record high in March, highest-ever stamp duty collection

Mumbai reached new heights in March, with property deal registrations up 9% and stamp duty collections growing 41% year-over-year. The city's real estate market has shown resilience, driven by strong demand for premium homes and large-scale infrastructure developments, generating record revenue for the state.

 31 Mar 2025 05:39 PM   EconomicTimes

Videotex aims Rs 1,000 cr revenue in 4 years, to expand capacity to roll out up to 3.2 mn units

Videotex plans to become a Rs 1,000-crore company in four years. They will increase capacity and diversify into the appliances segment. The company intends to expand manufacturing units and add new product categories. They will enhance R&D and integrate AI in manufacturing. Videotex will also explore foreign markets while focusing on the domestic market.

 31 Mar 2025 05:16 PM   EconomicTimes

Realtor AccuSpace buys 30,000 sq ft office space in Gurugram for Rs 62 cr

AccuSpace, a Jaipur-based real estate firm, has expanded into the Delhi-NCR market by acquiring a 30,000 square feet Grade A office space in Gurugram for Rs 62 crore from a Singapore-based fund. This move is part of their strategy to grow their rent-yielding commercial assets portfolio in high-growth markets.

 31 Mar 2025 04:51 PM   EconomicTimes

DCM Shriram commissions new caustic soda flakes plant in Gujarat

DCM Shriram has commissioned a new caustic soda flakes plant with a capacity of 300 tonnes per day at its chemicals complex in Jhagadia, Gujarat. This increases the Bharuch unit's total capacity to 900 tonnes per day, making it one of the largest caustic soda flakes producing units in the country.