Indian Economy

[haldilal]

There's already a 7 star hotel Grand Hyatt in the vicinity. Doesn't make sense for 2 mega projects to exist side by side.

Requirment of Hotels are more than you think Mumbai has 98 percent occupancy for star rated properties. So demand is higher than supply. And our Hotel Keys per caput is lowest, so will never be out of demand in next few decades. 1,000 Keys per 10 lakh in Mumbai the highest in India fo4 metropolitan city versus 10,000 per 10 lakh in Tokyo the highest for a major city in the world.

 

[Azaad]

Requirment of Hotels are more than you think Mumbai has 98 percent occupancy for star rated properties. So demand is higher than supply. And our Hotel Keys per caput is lowest, so will never be out of demand in next few decades. 1,000 Keys per 10 lakh in Mumbai the highest in India fo4 metropolitan city versus 10,000 per 10 lakh in Tokyo the highest for a major city in the world.

Dada please re read what I wrote again. Where did I rake up issues with per capita room occupancy in star hotels or the fact that we need to be building more such star properties ?

My sole point of contention was when you've two massive 7 star properties in such close proximity to each other it's a problem for setting up of a 7 star hotel is no joke. The investments involved are massive.

So in a nutshell there will be 3 such 7 star properties in a few years time all cheek by jowl

 

[haldilal]

Dada please re read what I wrote again. Where did I rake up issues with per capita room occupancy in star hotels or the fact that we need to be building more such star properties ?

My sole point of contention was when you've two massive 7 star properties in such close proximity to each other it's a problem for setting up of a 7 star hotel is no joke. The investments involved are massive.

So in a nutshell there will be 3 such 7 star properties in a few years time all cheek by jowl

The BKC is large enough to support more star rated development of different types. Demand for retail and reads exceed far than current supply despite costly types of establishment in this locality and being in E Block of BKC tends for west and eastern bandra and khar localities and directly accessible. The only other property is Jio World Drive but that is much smaller compared to it and G Block Jio World Plaza is in different segment and tends for different audience. Nariman Point Marine drive section depsite bosting 4, 5 star development are doing fine.

 

[Azaad]

The BKC is large enough to support more star rated development of different types. Demand for retail and reads exceed far than current supply despite costly types of establishment in this locality and being in E Block of BKC tends for west and eastern bandra and khar localities and directly accessible. The only other property is Jio World Drive but that is much smaller compared to it and G Block Jio World Plaza is in different segment and tends for different audience. Nariman Point Marine drive section depsite bosting 4, 5 star development are doing fine.

So people who stay in Grand Hyatt or Jio or the upcoming venture by L&T will all be having work exclusively in BKC , is it ? In that case Taj Colaba , The President Vivanta , Oberoi Nariman Point should've shut shop by now as Nariman Point , Ballard Estate , Fort Business District itself lost its premium position more than a decade ago.

Moreover the firm L&T is partnering with is itself a shady set up - DB group financed by Baramati cha Kaka which has a long chequered history .

 

[haldilal]

So people who stay in Grand Hyatt or Jio or the upcoming venture by L&T will all be having work exclusively in BKC , is it ? In that case Taj Colaba , The President Vivanta , Oberoi Nariman Point should've shut shop by now as Nariman Point , Ballard Estate , Fort Business District itself lost its premium position more than a decade ago.

Moreover the firm L&T is partnering with is itself a shady set up - DB group financed by Baramati cha Kaka which has a long chequered history .

DB Realty is the land Lord only in this case and has no input in finance or architecture planning legally of the development. CBD and Airport has impact on number of star properties in it's vicinity regardless of people staying in them related to that particular locality workings place or not.

 

[haldilal]

1 .

Havmor's Pune factory to be operational by November, to produce new candy range: MD

The new factory, coming up at MIDC Talegaon in Pune, Maharashtra, will also manufacture a new range of candies. The plant will help enhance the production capacity to address future demand by adding 4 lakh litres per day, Havmor Ice Cream Managing Director Komal Anand said.

www.zeebiz.com

2 .

ICT Mumbai inks MoU with Evonik to enhance research opportunities

Significant investments will be made in upgrading ICT's lab infrastructure, providing state-of-the-art facilities for students and researchers

www.indianchemicalnews.com

3 .

Synq.work plans to invest Rs 60 crore to add six lakh sq ft in Bengaluru, Pune & Hyderabad - ET RealEstate

Synq.Work plans to expand the current seating capacity from 3,200 to 12,000 by adding an additional 8800 seats by December 2025

realty.economictimes.indiatimes.com

4 .

Endress+Hauser inaugurates two new buildings at Aurangabad facility

The company has invested over € 12 million in a new building for manufacturing of flow measurement technology and € 4.4 million for temperature measurement technology

www.indianchemicalnews.com

5 .

Aditya Birla Group forays into jewellery business with Indriya - India Retailing

Mumbai-based multinational conglomerate Aditya Birla Group has forayed into the jewellery business with Indriya.

www.indiaretailing.com

6 .

Emcure Pharmaceuticals Reinforces Energy Conservation Efforts with New Solar Power PPA with Sunsure Energy

Emcure Pharmaceuticals Ltd. signs a significant Solar Power Purchase Agreement with Sunsure Energy, providing clean, renewable energy for manufacturing facilities in Pune.

solarquarter.com

7 .

Govt’s capital infusion into MIL a sign for scaling-up explosive manufacturing capabilities to meet long-drawn war challenges

Ministry of Defence is preparing a blueprint for empowering tri-services with indigenously produced ammunition and reserves for wars that are defying military doctrine assessments, say sources

www.thehindubusinessline.com

8 .

Rs 13,00,00,000 Capex: Multibagger specialty chemicals company constructs a new factory building at its Ambernath plant in Maharashtra

Vipul Organics Limited, the BSE-listed (VIPULORG / 530627) leading specialty chemicals company in the pigments and dyes segment, announced the construction of its new factory building at Ambernath in Maharashtra. After obtaining environmental clearance and MIDC building plan approval, the new...

www.dsij.in

9 .

Rashtriya Chemicals and Topsoe enter Rs 5.14 bn deal for ammonia plant revamp

The contract includes the sourcing of a BEDP and to reduce energy consumption.

www.constructionworld.in

10 .

KPIT Adjusts Strategy Amid Slowing EV Growth - Machine Maker

KPIT Adjusts Strategy Amid Slowing EV Growth

themachinemaker.com

11 .

Country's largest industrial park to be built in Maharashtra: Piyush Goyal - ET Infra

Union Minister of Commerce and Industry Piyush Goyal said on Saturday that the country's largest industrial park will be built in Maharashtra.

infra.economictimes.indiatimes.com

12 .

IHCL signs its 5th Ginger Hotel in Thane, Maharashtra | Travel Trends Today

www.traveltrendstoday.in

 

[haldilal]

Hope this materializes fully.


View: https://twitter.com/haldilal/status/1818200115019985384


View: https://twitter.com/haldilal/status/1818200120594186356

 

[Bigshot]

India's Most Advanced Nuclear Reactor Approaches Finish Line

India's Most Advanced Nuclear Reactor Approaches Finish Line

India's most advanced and most complex nuclear reactor the Prototype Fast Breeder Reactor (PFBR) located at Kalpakkam in Tamil Nadu has finally got approval from India's atomic regulator to start loading the nuclear fuel.

www.ndtv.com

 

[Anants]

India's Most Advanced Nuclear Reactor Approaches Finish Line

India's Most Advanced Nuclear Reactor Approaches Finish Line

India's most advanced and most complex nuclear reactor the Prototype Fast Breeder Reactor (PFBR) located at Kalpakkam in Tamil Nadu has finally got approval from India's atomic regulator to start loading the nuclear fuel.

www.ndtv.com

Its standing on finish line for more than a decade...

 

[arjuntank]

View: https://x.com/lakshaymehta31/status/1818294294068797837

Someone like sushma swaraj ji needs to shout and tell this figures

 

[haldilal]

The New Town Fintech Hub, Kolkata.

 

[FalconSlayers]

We'll surpass 10 million production capacity by 2030, that's huge.

View: https://twitter.com/abhirammodak/status/1818477013503819863?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1818477013503819863%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=

 

[haldilal]

 

[haldilal]

1 . Saraswat Bank is now the largest Scheduled case Bank In India.

Saraswat Bank performs brilliantly; earns net profit of Rs 503 crores

Saraswat Bank, India’s largest Urban Co-operative Bank, held its 106th Annual General Meeting on Saturday,

www.indiancooperative.com

2 .

L&T Realty, Valor Estate ink pact for 20,000-cr joint development in Mumbai’s BKC project

L&T Realty and Valor Estate announced a Rs 20,000-crore joint project in Bandra-Kurla Complex, Mumbai. The project includes luxury housing, commercial spaces, and a five-star hotel. Valor Estate will handle land approvals, with the project set to complete in 5-6 years. The development potential...

m.economictimes.com

3 .

Bajaj to explore expansion of e3W portfolio

Bajaj Auto expanding electric three-wheeler portfolio, targeting North India market, with new manufacturing facility in Maharashtra.

www.thehindubusinessline.com

4 .

Sayaji Hotels launches two new Enrise properties in Ahmednagar & Nagpur - ET TravelWorld

Sayaji Hotels: Enrise by Sayaji has recently expanded its presence in Ahmednagar and Nagpur, offering a premium hospitality experience. Located in Savedi, Ahmednagar, Enrise by Sayaji boasts 30 luxurious rooms and state-of-the-art banquet facilities. Meanwhile, in Nagpur, Enrise by Sayaji offers...

travel.economictimes.indiatimes.com

5 .

L&T wins multiple orders of Rs 2500-5000 crore to build grids for clean energy transition

L&T's PT&D business won significant domestic and international contracts to construct substations and transmission lines. These projects are crucial for India's renewable energy zone and improving power infrastructure in Saudi Arabia and the UAE. The new orders fall in the 'Large' category...

economictimes.indiatimes.com

6 .

Huf Opens First Testing and Requalification Center in India

Business News This Week is a leading business news portal covering business news weekly for your business. Business news weekly

businessnewsthisweek.com

7 .

Trading Platform Dhan’s Parent Eyes Unicorn Tag With $100 Mn Funding

For Dhan, the new funding round will be the largest since its inception, boosting its valuation from approximately $150 Mn to between $1.2 and $1.5 Bn.

inc42.com

8 .

Daal me kuch kaala! Is Blackstone acquiring majority stake in Haldiram’s for Rs 40,000 crore? | Business Insider India

Earlier this year, Blackstone had expressed its intention to invest over $2 billion annually in India, owing to the increasing ‘ease of doing business’ in the country.

www.businessinsider.in

9 .

https://www.financialexpress.com/business/express-mobility-lubrizolsnbspsigns-mou-with-maharashtra-govt-as-part-ofnbspmake-local-for-global-strategy-3569123/lite/

10 .

Castrol India Reports 3.11% Profit Increase in Q2 2024, Opens New Tech Center | Autocar Professional

Castrol India reports 3.11% profit increase in Q2 2024, opens new tech center

www.autocarpro.in

11 .

Toyota to invest ₹25,000 crore in new automobile plant in Sambhajinagar, Maharashtra | Mumbai News - Times of India

Toyota Kirloskar Motor to set up a Rs 25,000 crore plant in Sambhajinagar, generating 24,000 jobs. The investment marks the beginning of industrial development in Marathwada region.

timesofindia.indiatimes.com

12 .

Three M Paper Boards shares list at 10% premium on BSE SME platform

Three M Paper Boards listed at Rs 76 on the BSE SME platform, 10% above the Rs 69 issue price. Shares had a Rs 30 unlisted market premium and the IPO was subscribed 171 times. Funds will support new machinery, Ratnagiri plant upgrades, low-pressure boiler, working capital, and debt repayment; it...

m.economictimes.com

 

[abdus salem killed]

https://www.business-standard.com/amp/economy/news/hunger-in-india-came-down-to-13-7-during-2021-23-period-un-fao-report-124073001493_1.html

 

[ArjunMK1A]

View: https://x.com/lakshaymehta31/status/1818294294068797837

Someone like sushma swaraj ji needs to shout and tell this figures

Ok. Some serious counter attack in Parliament by BJP. Unfortunately Brut will not showcase this counter rather will show Rahul Baba so called verbal diarrhea.

Need multi layered SM handles from BJP. Polished one, Mid tier one and mango man one.

 

[arjuntank]

View: https://x.com/IndianTechGuide/status/1818655356773437674

 

[SKC]

Dada please re read what I wrote again. Where did I rake up issues with per capita room occupancy in star hotels or the fact that we need to be building more such star properties ?

My sole point of contention was when you've two massive 7 star properties in such close proximity to each other it's a problem for setting up of a 7 star hotel is no joke. The investments involved are massive.

So in a nutshell there will be 3 such 7 star properties in a few years time all cheek by jowl

Usually, you do have multiple big hotels next to each other in places like Mumbai and Delhi.

Delhi Aerocity has all big multinational Hotel chains next to each other.

 

[SKC]

View: https://x.com/IndianTechGuide/status/1818655356773437674

Reply by Infosys:

 

[SKC]

The 32K Crore GST figure is collective amount from year 2017 to 2022. Infosys is claiming the activities from Overseas Infy is not liable to GST in India.

It might be an attempt by Karnataka govt to fill their pocket which is under load of over 30K cr due to various freebee scheme launched.

But Infy also is not entirely clean company and has been under various controversies in Indian and US.​