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Aviation turbine fuel (ATF) price was raised by 1.2%
Macrotech acquires 7 land parcels for Rs 166 billion housing projects
Macrotech Developers, the Mumbai-based real estate firm behind the Lodha brand, has acquired seven land parcels across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru to develop housing projects with an estimated revenue potential of Rs 166 billion. The company has secured these parcels through a mix of outright purchases and joint development agreements with landowners. In a recent operational update, Macrotech revealed the addition of four projects in Pune and Bengaluru with a combined Gross Development Value (GDV) of Rs 55 billion. In the first half of FY25, the company has alre..
Kotak Mahindra Bank’s pursuit of top-3 spot poses M&A Risks: Bernstein
Kotak Mahindra Bank's ambition to become India’s third-largest private sector lender by 2030 could expose it to significant merger and acquisition (M&A) risks due to integration challenges and weaker returns from smaller banks, according to Bernstein Research, part of Société Générale. The brokerage noted that achieving this goal would likely require inorganic growth, given the difficulty of achieving the necessary profit growth through organic means alone. To surpass Axis Bank and secure the third spot, Kotak Mahindra Bank would need to grow profits at a rate 7% higher than Axis—a ta..
India’s aviation expansion requires $170 billion by 2030: S&P Global
India will need over $170 billion in investments by 2030 to support rapid growth in its aviation sector, driven by record aircraft orders and airport infrastructure upgrades, according to a report by S&P Global Ratings. As one of the fastest-growing aviation markets, India is projected to see domestic passenger traffic double to 300 million by 2030, based on government data. International traffic is also expected to more than double during the same period, according to estimates by aviation research group CAPA India. To meet surging demand, Indian airlines have placed record orders with Airb..
