Latest news with #Bhalla
News18
2 days ago
- Politics
- News18
NEC reaffirms support for Arunachals cultural, developmental initiatives
Itanagar, Jul 18 (PTI) The North Eastern Council (NEC) on Friday reaffirmed its strong support for Arunachal Pradesh's cultural and developmental initiatives. The council's secretary, S K Bhalla, also reviewed several NEC-funded projects during his visit to the state capital. Reviewing the construction of the new administrative block at Dera Natung Government College, Bhalla directed the executing agency to complete the Rs 6.86 crore project by August, in line with the standards outlined in the detailed project report (DPR). He stressed that early completion will boost administrative efficiency and student services, an official release said. At the state emporium and artefact house, the secretary praised the efforts of Textiles and Handicrafts Director Dorjee Phuntso and his team for the impressive display of tribal handloom and handicraft products representing Arunachal's rich ethnic diversity. Bhalla expressed satisfaction at NEC's role in empowering artisans and sustaining traditional art forms, it said. He also visited the historic Itafort to review the ongoing NEC-supported renovation of the archaeological park at the southern gate. The team from the state research department, led by Deputy Director (Archaeology) Bulton Dutta, briefed the secretary on the site's historical relevance and plans to enhance its visitor appeal. The secretary also inspected the NEC-funded extension of galleries at the Jawaharlal Nehru State Museum here, and lauded the museum's collection and applauded the inclusion of exhibits from all eight Northeastern states, describing it as a meaningful 'Ashtalakshmi Darshan' experience for visitors, the statement said. He was also briefed on the upcoming digital museum initiative by Deputy Director (Museum) Tage Babin and Assistant Director Dr Radhe Yampi, from the research department. Bhalla's tour reflects NEC's comprehensive vision for cultural preservation, infrastructure strengthening, and inclusive development in Arunachal Pradesh, it said. His visit emphasised the council's continued commitment to empowering local institutions and enriching the socio-economic fabric of the state and the North East, at large. PTI UPL SBN UPL SBN view comments First Published: July 18, 2025, 19:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
2 days ago
- Business
- Time of India
CRC Group to invest Rs 1,500 cr to develop ultra-luxury housing project in Greater Noida
Realty firm CRC Group will invest around Rs 1,500 crore to develop an ultra-luxury housing project in Greater Noida as part of its expansion plan. The company has launched this seven-acre housing project 'The PERIDONA' at a press conference in Dubai. Explore courses from Top Institutes in Select a Course Category Cybersecurity Artificial Intelligence Design Thinking Healthcare Public Policy Data Analytics Operations Management Degree CXO MBA Others healthcare others Management Finance Product Management Digital Marketing Technology Data Science Project Management PGDM MCA Leadership Data Science Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 1 minute and see why everyone is addicted. Undo "We will develop 341 ultra luxury units, including some villas and duplexes, in this upcoming project," CRC Group Founder and CEO Kunal Bhalla told reporters here. He said the company has tied up with Jaiprakash Associates Ltd , which owns the land parcel. The project will be located within Jaypee Greens Golf Course in Greater Noida. Live Events Bhalla said the total investment will be around Rs 1,500 crore, excluding land cost. "We will be selling these apartments by invitation," he said. The total saleable area in this project will be 2.1 million sq ft while the developable area is 3.1 million sq ft. "We have roped in about 50 top consultants to develop this project, including Killa Design, Rockwell Group, Gensler Architects, SWA Group and MACE," Bhalla said. The project is envisioned to establish an international standard in luxury condominiums, with a strong focus on sustainable living, CRC Director (Marketing and Business Management) Salil Kumar said. According to CBRE's latest report, Delhi-NCR has witnessed sales of 3,960 luxury homes, each costing Rs 6 crore and above, during the January-June period, an increase of more than three times on an annual basis. There were 1,280 units sold in the year-ago period across Delhi-NCR. Noida-based CRC Group has completed two housing projects comprising around 1,400 units. It is constructing one housing project in Greater Noida and a 22 lakh sq ft commercial project in Noida.
Hindustan Times
3 days ago
- Business
- Hindustan Times
CRC Group launches ₹ 1,500-crore ultra luxury project in Greater Noida with 341 apartments housed in 42-storey towers
Noida-based CRC Group on July 17 announced the launch of its luxury residential project, CRC The Peridona, with a planned investment of ₹1,500 crore. Spanning 3.1 million sq ft, the development will feature 341 high-end apartments housed in 42-storey towers and is expected to generate a topline of ₹3,200 crore, the company said. Noida-based CRC Group on July 17 announced the launch of its luxury residential project, CRC The Peridona, with a planned investment of ₹ 1,500 crore. (Representational photo)(Pixabay) The company said the development will feature expansive 4 BHK apartments starting at over 4,000 sq ft, duplex units of around 10,000 sq ft, and two exclusive villas, each spanning approximately 15,000 sq ft. According to the company, 'The Peridona' is located within the Jaypee Greens Golf Course in Greater Noida. CRC Group stated that the project involves a development outlay of ₹1,500 crore (excluding land cost) and marks its strategic move into the ultra-premium housing segment. Also Read: CRC Group to invest ₹525 cr to develop luxury housing project in Greater Noida Of the total 3.1 million sq ft planned, around 2.1 million sq ft will be saleable area, while the remaining space will include a nature park and access to the golf course. The project, spread across seven acres, will feature seven towers, each rising to approximately 42 floors or 160 metres. According to the company, the development will include an 18-hole night golf course, with all 341 units being offered on an invitation-only basis. Golf course view luxury apartments The apartments will offer views of the golf course and an adjoining nature park. The project will also house a grand clubhouse spanning over 1 lakh sq ft. "The Peridona marks our strategic entry into India's ultra-luxury residential segment. Backed by world-class design and architecture, this development reflects our clear ambition to set a new benchmark for premium living in the NCR," said Kunal Bhalla, founder and CEO of CRC Group. 'The project is envisioned to establish an international standard in luxury condominiums, with a strong focus on sustainable, high-quality living. We have carefully selected best-in-class materials and curated amenities, many being introduced in India for the first time, to deliver a truly exalted lifestyle," Bhalla said. Also Read: NCR real estate firm collaborates with Dubai-based architect Shaun Killa for luxury housing project in Greater Noida "From the eco-sensitive design elements and lush green zones to serene water bodies and an iconic clubhouse, every aspect of the ecosystem has been thoughtfully crafted to create one of the finest residential environments in the country," he said. The project was unveiled in Dubai on July 16 in the presence of several international design and architecture consultants. These included Killa Design, renowned for creating Dubai's Museum of the Future; Rockwell Group, the New York-based interior designers behind one of Gurugram's most iconic luxury clubs; Gensler Architects, global leaders in future-ready architectural design; SWA Group, experts in sustainable landscape architecture; and MACE, a global firm specialising in precision project management and execution. Salil Kumar, director (Marketing and Business Management), CRC Group, said: 'This project is a testimony to our commitment to global standards. By integrating international design and delivery capabilities, we are creating not just residences but legacy assets tailored for discerning investors and homeowners. The large, specially designed, beautifully crafted, multi-level clubhouse will be an added attraction for the modern lifestyle of all residents.'
India.com
5 days ago
- Business
- India.com
Smallcap IT share hits upper circuit as firm shares update on new appointment
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Shares of Blue Cloud Softech Solutions Ltd surged on Tuesday, July 15, 2025, following the company's strategic move of appointing Lieutenant General Anil Bhalla (Retd) to its advisory board. This significant appointment, aimed at bolstering the company's strategic vision in defence tech, cybersecurity, and national security innovation, was well-received by the market. The company's announcement emphasized that General Bhalla's 39 years of experience in the Indian Army will be instrumental in the company's mission of delivering secure, future-ready solutions to critical sectors. 'His leadership has spanned complex theatres — from commanding divisions along sensitive borders, overseeing large-scale relief operations in post-disaster zones, managing over $10 billion in defence resources, and leading international defence cooperation in more than 20 countries,' the company said in an exchange filing. Share Price Today Meanwhile, the stock opened in the red at Rs 32.71 against the previous close of Rs 33.35 on the BSE. However, it gained later and touched the intraday high of Rs 34.01 – a gain of around 2 per cent. This is also the upper circuit of the stock. The stock's performance is a reflection of the market's reaction to the new appointment and other factors, and it's important to consider these when making investment decisions. However, the stock remained volatile amid a spurt in volume by more than 2.79 times. This volatility, while it can present opportunities for quick gains, also carries significant risks. The 52-week high of the stock is Rs 130.50, and the 52-week low is Rs 14.95, indicating the potential for both high returns and substantial losses. Stock Market Today Market enthusiasts were greeted with a positive start on Tuesday as the stock market benchmark indices Sensex and Nifty rebounded after four days of decline. This rebound, fueled by a decline in retail inflation to an over six-year low of 2.1 per cent in June, brought the indices closer to the RBI's comfort zone, instilling a sense of optimism in the market. The positive trend on Wall Street in overnight trade also played a significant role in the recovery of domestic equity markets during the initial trade. This global cue, coupled with the decline in retail inflation, contributed to the market's positive start on Tuesday, reinforcing the interconnected nature of the global market. The 30-share BSE Sensex climbed 203.95 points to 82,457.41 in early trade. The 50-share NSE Nifty went up by 68.85 points to 25,151.15. From the Sensex firms, Sun Pharma, Bharti Airtel, Mahindra & Mahindra, Bharat Electronics, Tata Motors and Infosys were among the biggest gainers.
Miami Herald
10-07-2025
- Business
- Miami Herald
Iconic grocery staple faces Chapter 11 bankruptcy, liquidation
Some products have been around forever, but don't resonate in the way they used to. Children of the '80s grew up eating canned food. We thought nothing of opening and heating up a can of Chef Boyardee. Related: Adults-only retail chain closes half its stores, no bankruptcy This was not a punishment. It was actually considered a treat. We ate canned food because we did not have many options. There were frozen TV dinners that were both delicious and horrifying. You heated these up in the toaster oven, because you probably weren't old enough to be allowed to use the actual oven. The most popular ones were fried chicken and a sort of meatball. Until the microwave was invented, choice was just fairly limited. And even when the microwave did come about, options were more plentiful, but not necessarily better. Anyone of a certain age has probably eaten a microwave lasagna that was molten hot in some places and disturbingly cold in others. Canned food still exists, but in many cases, it's just easier to cook fresh. That's not true in all parts of the country, but in many places, the need for a brand like the recently bankrupt Del Monte has simply diminished. Image source: Bloomberg/Getty Images Creditsafe Head of Brand Ragini Bhalla and her team examined Del Monte's financials and shared what happened before its Chapter 11 bankruptcy filing. "Del Monte Foods' Days Beyond Terms (DBT) payment history from the last 12 months reveals a pattern of mounting financial stress that culminated in its recent Chapter 11 bankruptcy filing," according to the data. The canned goods company maintained a relatively stable DBT for most of 2024 – hovering between 9 and 14. (For context, DBT indicates how late a company pays its bills.) "But that stability didn't last. A notable shift occurred at the start of 2025, with DBT rising again to 14 in January 2025 and 15 in February 2025, signaling emerging cash flow pressures," Creditsafe reported. While March 2025 saw its DBT drop to 4, potentially due to short-term payment prioritization or cash influx, this improvement was short-lived. By April 2025, the company's DBT spiked to 17 and then rose further to 21 in May 2025, placing it well above the industry average DBT of 11. This indicates that Del Monte increasingly struggled to meet its financial obligations. Bankruptcy news: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy "This late-stage spike in DBT is especially concerning, because sharp DBT increases just months before a bankruptcy filing often reflect worsening liquidity, supplier strain, and triaging of payables," Bhalla shared. Creditsafe data reveals that 18.62% of Del Monte's bills were 61-90 days overdue in July 2024, an early sign of cash flow issues. By August 2024, late payments shifted into both early and severe delinquency buckets, with 23.82% of its bills falling 1-30 days late and 8.48% extending beyond 91+ days, suggesting the company was starting to juggle obligations. "The most telling data point comes in May 2025, when 4.83% were 31-60 days late and 21.00% of Del Monte's bills were 61-90 days late. The steady migration of outstanding bills into older aging brackets over this 10-month period suggests worsening liquidity and limited ability to manage working capital, classic signs of distress that mirror pre-bankruptcy patterns," Bhalla shared. Del Monte Foods, the 139-year-old canned food giant, filed for Chapter 11 bankruptcy in July 2025, citing mounting macroeconomic pressures, shifting consumer preferences and unsustainable debt as key drivers, according to Creditsafe. "The company has struggled to adapt as shoppers moved away from preservative-heavy canned goods toward fresher, private-label options, leading to surplus inventory and costly warehousing," Bhalla added. Tariffs on steel and aluminum further squeezed margins, while interest payments tied to its debt-laden acquisition by DMPL outpaced earnings. Related: Walmart makes shocking claim, shares scary warning "Despite recent closures of processing plants and warehouses in a bid to cut costs, Del Monte was left with liabilities estimated between $1 billion and $10 billion and as many as 25,000 creditors. The company secured $912.5 million in financing to maintain operations during the sale process," Creditsafe shared. The company plans to sell a majority of its assets as part of an agreement with its major lenders. It has secured $165 million in financing to fund ongoing operations until a sale takes place. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
