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Mumbai records best half-yearly performance with 75,982 property registrations

Mumbai records best half-yearly performance with 75,982 property registrations

Mumbai city (under BMC jurisdiction) registered 75,982 property sales in the January-June period (H1 2025), marking a 5 per cent (on-year) increase, according to a report on Monday.

Revenue from these registrations rose by 15 per cent (on-year) to Rs 6,727 crore, with both metrics recording their strongest half-yearly performance since 2013, said the report by Knight Frank India.

The month of June recorded registration of 11,521 properties, denoting a moderation of 1 per cent, while revenue from these registrations totalled Rs 1,031 crores, reflecting a 2 per cent rise versus the same month last year. Registrations were primarily residential with 80 per cent registrations in the segment.

Adani Green surpasses 15,000 MW of RE capacity to drive India's green resurgence

Adani Green surpasses 15,000 MW of RE capacity to drive India's green resurgence

Adani Green Energy Limited (AGEL) on Monday said it has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW.

The accomplishment marks the fastest and largest capacity addition in India to date.

The operational portfolio includes 11,005.5 MW of solar, 1,977.8 MW of wind, and 2,556.6 MW of wind-solar hybrid capacity, said India's largest renewable energy company.

“Delighted to share that Adani Green has surpassed 15,000 MW of renewable energy capacity, marking the largest and fastest green energy build-out in India's history,” said Gautam Adani, Chairman of the Adani Group.

Broadband subscribers in India up 3.37 pc at 974.87 million in May

Broadband subscribers in India up 3.37 pc at 974.87 million in May

The total number of broadband subscribers increased from 943.09 million at the end of April to 974.87 million at May-end with a monthly growth rate of 3.37 per cent, the TRAI data showed on Friday.

In the month of May, 14.03 million subscribers submitted their requests for mobile number portability (MNP). The number of active wireless (mobile) subscribers in May 2025 was 1,080.06 million.

Total wireless (mobile + 5G FWA) subscribers increased from 1,166.43 million at the end of April 2025 to 1,168.42 million at the end of May 2025, thereby registering a monthly growth rate of 0.17 per cent.

Total wireless subscription in urban areas increased from 633.29 million on April 30, 2025 to 634.91 million on May 31, 2025.

Adani becomes India’s fastest-growing brand with focus on infra, green energy

Adani becomes India’s fastest-growing brand with focus on infra, green energy

The Adani Group has emerged as the fastest-growing Indian brand this year, with its brand value up by 82 per cent, according to a new report.

The Group’s growth is attributed to aggressive and integrated infrastructure focus, surge in green energy ambitions, and increased brand equity across key stakeholders, said the ‘Most Valuable Indian Brands 2025’ report by London-based Brand Finance.

PhonePe partners with HDFC bank to launch co-branded credit card

PhonePe partners with HDFC bank to launch co-branded credit card

PhonePe and HDFC Bank announced the launch of co-branded credit card, marking the digital payments and financial services company’s foray into the co-branded card segment.

The PhonePe HDFC bank co-branded RuPay credit card is designed to meet the evolving financial needs of Indian consumers. It also offers benefits on UPI spending especially on the PhonePe platform.

"We are excited about our first co-branded credit card launch in partnership with HDFC Bank. This launch underscores our commitment to providing innovative financial solutions to our wide set of user base. This card is positioned to offer PhonePe customers value on their regular spends, by giving them 10 per cent reward points across select categories like bill payments, recharges, and travel bookings,” said Sonika Chandra, Chief Business Officer, Consumer Payments at PhonePe.

IPO-bound Rajputana Stainless’ revenue drops nearly 4 pc to Rs 909.8 crore in FY24

IPO-bound Rajputana Stainless’ revenue drops nearly 4 pc to Rs 909.8 crore in FY24

Rajputana Stainless Limited which filed paper for an IPO comprising 2.09 crore equity shares through a book-building process has reported a decline of approximately 3.99 per cent in revenue in FY24.

The company’s revenue from operations stood at Rs 909.8 crore in FY24, down from Rs 947.67 crore in FY23, according to its Draft Red Herring Prospectus (DRHP).

Total income also slipped by around 3.7 per cent to Rs 915.5 crore in FY24, compared to Rs 950.69 crore in the previous financial year (FY23).

Despite the dip in top-line figures, the company managed to cut down on overall expenses.

DIIs invest Rs 3.5 lakh crore in Indian stock market in first half of 2025

DIIs invest Rs 3.5 lakh crore in Indian stock market in first half of 2025

Domestic institutional investors (DIIs) have remained bullish on the Indian stock market through the first half of 2025, pouring in over Rs 3.5 lakh crore despite global uncertainties and market fluctuations.

According to data from the National Stock Exchange (NSE), DIIs invested a total of Rs 3,54,861.75 crore in Indian equities between January 1 and June 25 this year.

Remarkably, domestic institutions maintained consistent inflows throughout each month of the period.

India’s plastic pipes industry poised to clock strong double digit growth: Report

India’s plastic pipes industry poised to clock strong double digit growth: Report

The compound annual growth rate (CAGR) of India’s plastic pipes industry is anticipated to accelerate to around 14 per cent over financial years 2024-27, to touch Rs 80,500 crore by FY27, driven by strong demand from housing, irrigation, water supply, and sanitation, according to a report released on Thursday.

Additionally, robust replacement demand will be a key growth driver, Motilal Oswal Financial Services Ltd’s report states.

The plastic pipes industry had clocked a 10 per cent compound annual growth rate (CAGR) over FY14-24, reaching Rs 54,100 crore, driven by plumbing and irrigation, which accounted for 84 per cent of total applications. CPVC, HDPE, UPVC, and PPR pipes reported strong growth, with PVC maintaining the largest market share.

H&M reports drop in quarterly net sales despite growth in local currencies

H&M reports drop in quarterly net sales despite growth in local currencies

Swedish fashion giant H&M on Thursday posted weaker results for its quarter ending May 31 (Q2), with net sales falling to SEK (Swedish Krona) 56,714 million from SEK 59,605 million in the same period a year earlier.

The decline was primarily due to currency translation effects, as a stronger Swedish krona impacted earnings despite a modest 1 per cent growth in sales in local currencies.

According to H&M, the negative currency impact shaved off around 6 percentage points from reported net sales.

India’s commercial, residential real estate market shows strong fundamentals in H1 2025

India’s commercial, residential real estate market shows strong fundamentals in H1 2025

Private equity (PE) investment in India’s office real estate sector in the first half this year reflected measured optimism, driven by asset quality, prime locations and long-term tenancy visibility, according to a report on Thursday.

PE investments into Indian real estate sector stood at $1.7 billion, spread across 12 deals in the April-June period.

While overall capital deployment across real estate declined due to global macroeconomic pressures, the office segment stood out with $706 million invested across three transactions in H1 2025, marking a 22 per cent increase from $579 million in H1 2024, according to the report by Knight Frank India.

Rather than broad-based investment, this growth was fuelled by strategic allocations into high-quality, Grade-A assets in core markets.

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