The rupee’s biggest rally in seven years will give Reserve Bank of India scope to rebuild its forex reserves, potentially limiting further gains after the boost from the India-US trade deal, according to some analysts. The rupee has fallen 5.3% against the US dollar so far this year, putting it on track for its steepest […]
Larsen & Toubro’s Heavy Civil Infrastructure division has won a landmark contract to extend the Riyadh Metro in Saudi Arabia, covering an 8.4 km corridor with both elevated and underground sections and five modern stations. Valued between ₹5,000–10,000 crore, the project is part of an ultra-mega initiative executed by a consortium including Webuild S.p.A, Nesma […]
L&T Realty Developers Limited has acquired land in Mumbai’s Elphinstone Road area for ₹448.6 crore to develop a commercial office project, according to property registration documents accessed by Propstack. Mumbai real estate land deal: L&T Realty Developers Limited has acquired land in Mumbai’s Elphinstone Road area for ₹448.6 crore to develop a commercial office project. […]
In March 2025, Allied Blenders & Distillers, the largest Indian-owned alcobev firm, moved its premium brands to a new luxury subsidiary, ABD Maestro. It invested ₹70 crore for an 80 percent stake, with actor Ranveer Singh owning the balance. Bikram Basu, managing director at ABD Maestro Pvt. Ltd. (Handout) Maestro’s portfolio includes owned brands such […]
Maharashtra Chief Minister Devendra Fadnavis said on December 12 that global asset manager Brookfield is set to invest around ₹9,000 crore to create a global capability centre (GCC) facility in the state. Maharashtra Chief Minister Devendra Fadnavis said on December 12 that Brookfield will invest about ₹9,000 crore to build a global capability centre in […]
OpenAI is said to be in advanced talks to partner Tata Consultancy Services Ltd. to build AI infrastructure in India. That’s seen as a win-win for the world’s largest AI company and what can become the world’s largest AI-led services company. A TCS-OpenAI deal would also mark the beginning of Stargate in India. (Reuters) The […]
Godrej Properties Limited (GPL) has said it has bought a 5 acre land parcel in Hyderabad through an e-auction conducted by the Hyderabad Metropolitan Development Authority (HMDA) and plans to develop a housing project worth ₹4150 crore on the site. Godrej Properties Limited (GPL) has said it has bought a 5-acre land parcel in Hyderabad […]
Imagine receiving a steady income every month without worrying about stock market volatility, tenants, or property upkeep. Think of it as rent-like income, minus the stress. For many Indians, passive income still feels complicated or out of reach. But with the rise of fixed-income platforms and better access to corporate bonds, earning predictable monthly returns […]
OpenAI is partnering with Hon Hai Precision Industry Co. (Foxconn) to design and manufacture hardware for AI data centres, amid a grow need for AI infrastructure globally. Foxconn has separately announced a venture with Intrinsic to explore AI data centres. (Reuters) Foxconn will co-design and develop data centre server racks with OpenAI, and work to […]
Adobe Inc. has decided to acquire Semrush Holdings Inc. in a $1.9-billion all-cash deal, as the Photoshop maker looks to strengthen its marketing tools for an AI world. Adobe is paying $12 per share of Semrush, which is a 77.5% premium over the last closing price, in a $1.9-billion all-cash deal. (Reuters) The San Jose, […]