Latest news with #SanjayDaga
Business Standard
07-07-2025
- Business
- Business Standard
Siddhi Group and Anex Advisory to collaborate for a world-class eco-luxury project in the heart of the Western Ghats
VMPL New Delhi [India], July 7: In a move that signifies the evolving tastes and preferences of India's premium real estate buyers, Siddhi Group - a leading Pune-based developer and Anex Advisory are joining hands for an innovative eco-luxury project. The upcoming development will be located in Mulshi, a picturesque destination nestled between the bustling metros of Mumbai and Pune. It will bear the hallmarks of world-renowned Balinese wellness resorts, bringing together the tranquillity of nature, the indulgence of top-tier hospitality, a sensitive and eye-catching design, and a bevy of wellness-oriented features. The planned project will span 400 acres, of which 15 acres will be developed during this phase. With its rolling hills, tranquil lakes and lush forests, Mulshi is the ideal getaway spot for those looking to escape the chaos and hectic energy of the city without venturing too far beyond city limits. The area is renowned for its idyllic beauty, especially in the monsoon, offering visitors breathtaking views, roaring waterfalls and rejuvenating repose. Importantly, it stands out as a 'hidden gem' that's tucked away in plain sight, with its superb connectivity and convenient location on the outskirts of both Mumbai and Pune. Keeping these parameters in mind, Siddhi Group and Anex Advisory are creating a value proposition that will appeal to CXOs, HNIs and NRIs from both cities who are keen on adding the hospitality asset class to their real estate portfolios, as well as second home-buyers who prioritise wellness and holistic living. "The project is an incredible opportunity for Siddhi Group and Anex Advisory to venture into a new category--eco-luxury resort-style living. We are guiding the project across all its stages--from planning to development, to sales and marketing. We believe that this project is representative of the changing nature of real estate developments in and around India's metros, as well as the shifting focus of premium real estate buyers. Home-buyers and investors are now no longer buying properties; they're investing in lifestyles that reflect their priorities and values. With Mulshi being a sensitive biodiversity hotspot and an untapped luxury destination, we are implementing various checks and balances to ensure that the development occurs in a sensitive and efficient manner," said Sanjay Daga, founder and CEO of Anex Advisory. This is the developer's maiden foray into the luxury-wellness living segment, and will be the first of its size and scale in the relatively unexplored Mulshi precinct. The project is being supported by Anex Advisory at every stage, including offering Siddhi Group advisory, consulting, sales and marketing services.
News18
06-06-2025
- Business
- News18
Sensex Gains 800 Points, Nifty Hits 25,000 After RBI Cuts Rate By 50 bps, Nifty Bank At Record High
Last Updated: Indian benchmark indices are set to trade cautiously on Friday, as investors brace for a mix of domestic and global triggers Sensex Today: The benchmark equity indices staged a sharp rebound on Friday, with the Sensex soaring over 1,000 points from its intraday low and the Nifty crossing the crucial 25,000 mark. This rally was driven by the Reserve Bank of India's (RBI) larger-than-expected 50 basis points repo rate cut and fresh liquidity-boosting measures. At 11:51 am IST, the Sensex was up 760.40 points, or 0.93 percent, at 82,202.44, while the Nifty gained 251.10 points, or 1.01 percent, to 25,002.00. Market breadth remained positive, with 1,955 stocks advancing, 1,407 declining, and 145 unchanged. Key drivers of the rally: RBI's surprise 50-bps rate cut The central bank cut the repo rate by 50 basis points to 5.5 percent — the lowest in three years — exceeding most analyst expectations. The RBI cited recent moderation in inflation and the need to bolster consumption and investment as the rationale for the move. With GDP growth slipping to a four-year low of 6.5 percent in FY25, the sharper rate cut is expected to reduce borrowing costs for both consumers and businesses, boosting demand in sectors like housing, autos, and consumer durables. CRR cut lifts banking stocks The RBI also reduced the cash reserve ratio (CRR) by 100 basis points, to be implemented in four tranches of 25 bps each, bringing it from 4 percent to 3 percent. This measure is expected to inject around ₹2.5 lakh crore into the banking system over the next few months, spurring a rally in banking stocks on hopes of stronger credit growth and improved net interest margins. 'This is a prudent response to the current environment of contained inflation and improving economic growth," said Sanjay Daga, CEO and MD of Anex Advisory. 'The CRR cut will enhance liquidity and provide a positive backdrop for sustaining momentum across sectors." Global Cues: US-China Trade Talks and Asia-Pacific Gains Asian markets were buoyant in early trade after US President Trump and Chinese President Xi held a 90-minute phone conversation on Thursday, reigniting hopes of a resolution to their trade dispute. Trump described the talks as 'very good" and hinted at a positive outcome for both nations, with officials set to resume negotiations soon. In Asian markets, Japan's Nikkei gained 0.31%, Topix rose 0.45%, Kospi advanced 1.49%, and Australia's ASX200 inched up 0.03%. US stock futures were steady ahead of a key jobs report that could provide fresh insight into the American economy's health. Overnight, Wall Street indices closed lower, with Tesla shares dragging down broader markets. The S&P 500 lost 0.53%, the Nasdaq fell 0.83%, and the Dow Jones slipped 0.25%. Meanwhile, the European Central Bank (ECB) reduced its marginal lending rate by 25 basis points to 2.4%—the lowest level since late 2022 and in line with market expectations. Beyond the RBI's MPC announcement, investors will also be monitoring India's foreign exchange data, the US unemployment rate and non-farm payrolls data, and the Euro area's Q1 GDP growth estimate. First Published: June 06, 2025, 08:53 IST
