Kannappa scores Vishnu Manchu's biggest box office opening, but still trails far behind Kuberaa's first weekend
(Catch all the Business News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
Both MD & ED of Karnataka Bank resign late Sunday, ending speculations
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.
Economic Times
3 hours ago
- Economic Times
Godrej Properties shares in focus after Rs 600 crore Panipat land deal
Godrej Properties shares: The licensed land, offering a potential developable area of 3 million square feet, was acquired during a surge in developer interest in India's Tier II cities. According to two individuals familiar with the matter who spoke to The Economic Times, the transaction took place recently. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Stock performance and technical outlook Shares of Godrej Properties are set to be in focus on Monday after the real estate developer acquired a 40-acre land parcel in Panipat, Haryana, for approximately Rs 600 crore, marking its eleventh new project announcement in licensed land, with a potential developable area of 3 million square feet, was acquired amid a wave of renewed developer interest in India's Tier II cities . Two people aware of the matter told The Economic Times about the transaction. CBRE, which advised on the deal, declined to latest move underscores Godrej Properties ' broader strategy to tap into the evolving real estate demand in emerging urban Properties' latest acquisition reflects the growing appeal of Tier II cities, which are seeing increased traction from developers, corporates, financial institutions and investors. The surge in interest is being driven by the relatively low cost of land, ongoing infrastructure development, and robust housing demand. This has resulted in a rise in premium and luxury housing projects, both from established players and new entrants, as these cities emerge as the next hubs of growth and employment in company has been particularly active in Haryana. In October 2024, the company emerged as the highest bidder for a luxury group housing plot on Golf Course Road in Gurugram with a revenue potential of Rs 5,500 crore. The acquisition was made via an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). Earlier in FY24, the company had also acquired two parcels measuring 5.15 acres and 2.76 acres in the same micro-market, also via HSVP these aggressive expansion moves, shares of Godrej Properties have seen significant volatility. The stock has declined 26.4% over the past year and is down 16.6% in the last six months. However, it has rebounded 11% over the past three months and gained 5.5% in the past a technical standpoint, the stock is trading below four of its eight key simple moving averages, including the 5-day, 10-day, 20-day, and 200-day SMAs, while holding above the 30-day, 50-day, 100-day, and 150-day Relative Strength Index (RSI) currently stands at 51.9, suggesting neutral momentum. The Moving Average Convergence Divergence (MACD) is at 43.0, remaining above its center line but below the signal line—indicating a potential shift in short-term momentum.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 hours ago
- Time of India
Mumbai urban push: Dharavi to get commercial business district; project eyes economic uplift, employment boost
The transformation of Dharavi, Asia's largest slum, will include a dedicated commercial business district, introducing a strong business and employment focus to the broader urban renewal project. Tired of too many ads? go ad free now A significant portion of the nearly 600-acre prime land parcel in the heart of Mumbai is being allocated for commercial development, with plans to establish a central business district (CBD) aimed at attracting companies across various sectors. According to sources involved in the planning, the project envisions Grade-A office spaces, premium retail outlets, co-working centres, hospitality services, and supporting infrastructure. "The commercial zone will be carved out of land that is not reserved for residential rehabilitation. This will also help in upgrading existing businesses operating in Dharavi, ushering them into the formal economy. The intent is to grow the Dharavi economy by at least 3X," said one of the persons mentioned above, as quoted by ET. The commercial precinct is intended to provide a self-sustaining economic base within Dharavi, while also generating steady revenue to support other components of the Rs 96,000-crore redevelopment initiative. The , through a joint venture with the state government, has secured the Dharavi Redevelopment Project, which aims to resettle over one million residents and formalise more than 12,000 currently informal commercial establishments. The larger goal is to deliver comprehensive development that combines proper housing, improved civic amenities, community services, and structured commercial areas. The planned business district will aim to accommodate existing small-scale enterprises within Dharavi while also drawing new commercial entrants to the locality. Tired of too many ads? go ad free now "A hybrid integrated approach is being considered, where portions of the commercial inventory may be leased to large corporations, while designated spaces could be offered to small-scale industrial and retail businesses that are already part of Dharavi's economy," said another person mentioned earlier. Improved transport connectivity is expected to enhance the district's viability. The Mumbai Metropolitan Region Development Authority (MMRDA), which is developing the adjacent multi-modal transit hub (MMTH), is coordinating integration of Dharavi with railway networks, metro corridors, and major roadways. This improved access is expected to make the commercial hub more attractive to businesses seeking centrally located office and retail space. Specialists suggest that a thoughtfully executed commercial plan could reshape Dharavi's identity—from a sprawling informal settlement to a dynamic urban business district. "For the commercial zone to succeed, it must be integrated with the city's infrastructure and be positioned competitively with other business districts. Its success can create a new benchmark for urban redevelopment," said another person familiar with the city's infrastructure planning. Initial stages of the redevelopment, including assessments, relocation planning, and infrastructure design, are currently in progress.
