
Oberoi Realty Q1 Results: Profit falls 28% YoY to Rs 421.2 crore, revenue drop 30%
The company also witnessed a significant decline in revenue, which fell 29.7% YoY to ₹987.5 crore, down from ₹1,405 crore in the same period last year. The fall in revenue appears to have weighed heavily on operating performance as well.
On the operating front, EBITDA came in at ₹520.4 crore, a steep 36% decline from ₹815 crore a year ago. EBITDA margin also slipped to 52.7% from 58% YoY, reflecting the pressure on profitability despite a still-healthy margin profile by sector standards.
Oberoi Realty board has also declared an interim dividend of ₹2 per share for FY26. This amounts to 20% of the face value of each share (₹10). The decision was made during the board meeting held on July 21, 2025. Shareholders on record as of July 25, 2025, will be eligible for the dividend. The company has confirmed that the payout will be made on or before August 7, 2025.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com

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Business Journals
24 minutes ago
- Business Journals
New Wells Fargo program is fueling businesses on the brink of expansion
Yuta Katsuyama came to Chicago from Tokyo in 2018 to study at Illinois Tech's Institute of Design. When he arrived, he found foods like sushi and ramen throughout the city, but he couldn't find his favorite food from his homeland: rice balls called onigiri. In 2020, Katsuyama invited Cristina Tarriba to join him on a five-week business prototype project for school. They cooked in a shared kitchen, took pre-orders and delivered onigiris in his Chevy Volt — dubbed the 'Onigiri Shuttle'— across the city. After the project ended, the partners decided to become food entrepreneurs full-time and launched Onigiri Kororin inside food and beverage incubator The Hatchery. By the end of 2024, the business had grown to where its grab-and-go products were sold in more than 60 stores across Chicago. To satisfy increasing demand, the partners needed to expand operations. That was going to require a significant capital investment — one the business could not afford on its own. Instead, it found another way, through Wells Fargo's new $20 million Open for Business Growth program. The program had awarded a $2.5 million grant to the Chicago-based nonprofit Allies for Community Business (A4CB), which co-owns The Hatchery with the Industrial Council of Nearwest Chicago (ICNC). A4CB provided Onigiri Kororin with $210,000 in revenue-based financing, which allowed the business to expand to a larger kitchen at ICNC's Make City incubator and increase staffing. 'Our new kitchen is three times bigger, and we can have eight team members working at the same time, more than doubling our staffing capacity,' Katsuyama said. 'We want to continue to grow by introducing other types of products and eventually expand to other states across the U.S. The loan was transformative to allow us to take the next step.' Katsuyama's school-project-turned-business now has 25 employees. Creative capital makes expansion more accessible A4CB — which provides capital, coaching and connections for entrepreneurs — was the first grant recipient of the Wells Fargo Open for Business Growth program, which was created specifically to support small businesses on the brink of expansion. The challenge: Many of these businesses need more than a microloan but are not yet large enough for traditional financing, said Kimelyn Harris, Wells Fargo's head of small business philanthropy. expand 'When small businesses don't get the capital they need, they remain stagnant,' she said. 'Flexible capital is what's needed most.' The program gives nonprofit partners like A4CB the opportunity to develop products and services that empower small businesses looking to scale so more of them can achieve next-level growth. With its Open for Business Growth grant, A4CB will focus on growing the construction industry around Chicago and helping retail and restaurant businesses like Onigiri Kororin that have fluctuating revenue flow. The organization is piloting a new revenue-based financing model — the same one provided to Onigiri Kororin — and expanding access to its partnership with HIRE360, a specialized construction loan program that offers advisory services and mentoring. The Wells Fargo grant funding also supports free business coaching for A4CB's clients. 'We'll be able to expand our offerings to far more entrepreneurs because of Wells Fargo's support,' said Brad McConnell, CEO of A4CB, noting that this is 'creative capital' that doesn't dilute the entrepreneur's ownership. Flexible financing, he said, allows debt payments to better align with revenue as it fluctuates. A4CB estimates clients supported by the grant will generate as many as 260 local jobs as they execute larger contracts and create new opportunities. 'Supporting entrepreneurship is hard, expensive and risky,' McConnell said. 'We're really good at what we do, but we can't take on those risks and expenses on our own. Wells Fargo cares about the same things we care about: investing in communities so there is wealth building. This collaboration allows us to invest in entrepreneurs who are ready to create jobs and wealth in the community.' Building on a track record of small business support The Open for Business Growth program builds on the success of Wells Fargo's $420 million Open for Business Fund, which collaborated with community organizations during the pandemic. According to grantees, the fund has benefited roughly 336,000 small businesses and has enabled them to keep or maintain 461,000 jobs nationwide. The impact the new program is generating in Chicago is just the beginning. In the coming year, it will expand to other markets across the U.S. 'This program supports the businesses that are ready to scale, hire additional staff, build capacity and deepen their community impact,' Harris said. 'This funding empowers nonprofits to develop innovative products, solutions and services to help these businesses grow sustainably. These businesses play a vital role in creating jobs and sustaining the vibrancy of local communities. Our mission is to strengthen their ability to thrive for the long term.'
Yahoo
27 minutes ago
- Yahoo
Fartcoin Jumps to Top 10 Based on Derivatives Open Interest, Signals Speculative Frenzy in the Solana-Based Memecoin
Need evidence of speculator fervor. Look no further than Coinglass' crypto derivatives leaderboard, which shows that fartcoin (FARTCOIN), the Solana-based memecoin, is now the 10th largest token based on derivatives open interest. As of writing, notional open interest in futures tied to fartcoin totaled over $1 billion, placing the joke cryptocurrency ahead of well-established coins, such as Litecoin (LTC), Chainlink's LINK (LINK), Avalanche's AVAX (AVAX), and several others. The other tokens play pivotal roles in decentralized finance (DeFi), blockchain oracles and payments. Notional open interest refers to the dollar value locked in the number of open or active derivative contracts at a given time. What's more alarming is that fartcoin's open interest now equals 65% of its market capitalization of $1.62 billion. By market value, fartcoin ranks 83rd in the world. Meanwhile, the $84.7 billion open interest in bitcoin derivatives amounts to just 3.5% of the leading cryptocurrency's market value of $2.36 trillion. Fartcoin's unusually high open interest relative to its market cap indicates a buildup of speculative excesses typically seen during the crypto market bull runs, which drives retail investors to take significant risks in cheaper tokens. A similar trend is seen in other smaller coins, according to data tracked by Alphractal. "From the Top 300 down, Open Interest becomes disproportionately high compared to Market Cap — a strong risk signal. What does this mean? These altcoins will eventually liquidate 90% of traders, whether they're long or short. They are also much harder to analyze with consistency," founder and CEO of Alphractal, noted on lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données


CNN
36 minutes ago
- CNN
The Fed just gave a rare look at its $2.5 billion renovation — right before Trump's tour
The Federal Reserve, one of the most notoriously tight-lipped institutions in Washington, has been suddenly thrust into an unusual situation: a high-stakes public relations battle with the White House. The central bank, under intense scrutiny from President Donald Trump and his allies, is quietly trying to mitigate any potentially inaccurate claims and attacks stemming from Trump's upcoming Thursday afternoon tour of the Fed's renovation site at its headquarters facing the National Mall. The White House has seized on the Fed's $2.5 billion construction project as a potential legal opening to oust Chair Jerome Powell, whom Trump has lambasted for months because the central bank has not lowered interest rates at all this year. The timing of the tour — amid mounting scrutiny over the president's past relationship with disgraced financier Jeffrey Epstein — may be a public relations maneuver of its own, designed to distract from the growing political scandal. Trump is set to join some of his top advisers to visit the Fed as he continues to publicly tear into Powell on social media. But the Fed made a strategic play by hosting a tour for a handful of media outlets beforehand. It shows that the Fed is now embroiled in a crisis communications strategy battle with the White House. 'The Fed laid the groundwork behind the scenes with the media, and that's exactly its longstanding playbook,' said Anne Marie Malecha, chief executive of Dezenhall Resources, a reputation and crisis management firm. 'You're not going to see the Fed take to Truth Social or engage with influencers, so I think this is as far out on a limb as we're going to see an institution like the Fed go.' The Fed declined to comment. Notes from reporters who attended the morning tour detailed a noisy, active construction site with scaffolding, cement mixers and construction machines throughout. The notes said the Marriner S. Eccles building, one of the two being refurbished, now has some new upgrades for security purposes. That includes blast-resistant windows and shear walls, which are big drivers of the building's cost, according to Fed staff during the tour. These upgrades are meant to abide by the Department of Homeland Security's highest level of security for federal buildings. The account from reporters also noted that seating on the rooftop of the Eccles building was nixed in order to avoid the appearance of being an amenity, even though it would not have been expensive to include it, according to Fed staff. Staff also noted during the tour that tariffs and higher costs for materials were big reasons for the cost overruns compared to estimates from 2018 and 2019. The project is expected to be finished by the fall of 2027, with a DC-based workforce of about 3,000 moving in through March 2028. Despite the Fed's attempts at being transparent about the project, administration officials have still harshly criticized the Fed for it, and may continue to do so after the tour. Treasury Secretary Scott Bessent described Trump's public gripes with Powell as 'working the refs' — a phrase in sports used when a player loudly protests a referee's call to force him to reconsider. 'I think the building is just a sideshow,' David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, told CNN's Brian Todd. 'It's a way to get attention away from other problems that the president is facing.' 'They're 7 years into a 9-year building project,' Wessel added. 'It's hardly been a secret. (It's coming up now) because the president wants to make life miserable for Jay Powell.' Trump's attacks on Powell are nothing new: He levied the same gripes about the Fed chief — his own pick to helm the central bank — during his first term in office, too. But the attacks on Powell have grown in recent weeks, and Republicans have latched onto what was once a routine — albeit expensive — construction project for the Fed. The Fed renovation may be a convenient foil for Trump as the administration is dealing with its own crisis communications battle, some communications experts say. The Justice Department's handling of the so-called Epstein files has spurred outrage, even among some of Trump's die-hard supporters. CNN this week unveiled newly uncovered archived video footage and photos shedding more light on Trump's past relationship with Epstein. 'This administration is highly skilled at moving lawmakers, the media and the public to pay attention to issues and to take up causes that are beneficial to them. It's a 'look over there instead of here' strategy,' Malecha said. 'Whiplash is often an effective strategy,' she said. CNN's Brian Todd contributed reporting.