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INDIA BUSINESS | Sun, 9 Mar 2025, 8:08PM IST Asus anticipates a 30% growth in 2025 due to rising demand for AI, gaming, and content creation PCs. With improved channel reach and affordable AI PCs starting at Rs 65,990, Asus aims to expand from 600 to 700 districts. Despite a sales drop in 2024, Asus saw a 38.

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INDIA NEWS | Sun, 9 Mar 2025, 8:06PM IST Fast-moving brush fires fanned by high winds burned through a large swath of land on New York's Long Island on Saturday, spewing thick gray smoke into the sky and prompting the evacuation of a military base and the closure of a major highway. Gov. Kathy Hochul declared a state of emergency and said state agencies were responding to the fires around the Pine Barrens, a wooded area that is home to commuter towns east of New York City. She said homes, a chemical factory and an Amazon warehouse were at risk and more evacuations may be needed. "This is still out of control at this moment," Hochul told Long Island TV station News 12. "We're seeing people having to be evacuated from the Westhampton area." Officials said three of the four fires were fully contained, with the fire in Westhampton 50% contained. Two commercial buildings were partially burned, but officials said homes were not in the line of fire. One firefighter was flown to a hospital to be treated for burns to the face. "Our biggest problem is the wind," Suffolk County Executive Ed Romaine said. "It is driving this fire." Videos posted to social media showed flames shooting into the air and columns of black smoke rising above roads. Air National Guard helicopters dropped water on the flames. The Town of Southampton issued a warning in the afternoon against starting recreational fires due to the wildfire risk. That came around the time that the videos began appearing. In a statement, Hochul said the National Guard was providing support by helicopter and working with local law enforcement. "Public safety is my top priority, and I'm committed to doing everything possible to keep Long Islanders safe," she said. In her comments to News 12, Hochul declined to estimate the extent of the flames, saying only that they were growing rapidly. Rough satellite data indicated that fire and smoke stretched roughly 2.5 miles (3 kilometers) along Sunrise Highway, according to NASA's Fire Information for Resource Management System. Police closed a section of the highway, which is a thoroughfare to the East End of Long Island. The fires raged near the Francis S. Gabreski Airport, from which the National Guard launched at least one helicopter. One of the commercial buildings that partially burned was near the airport. Personnel at the base evacuated as a precautionary measure starting around 1:45 p.m., spokesman Cheran Cambell said in a statement.

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INDIA MARKET | Sun, 9 Mar 2025, 7:48PM IST India vs New Zealand final LIVE SCORE UPDATES: Rohit Sharma and Shubman Gill brings up first 100 run stand for first wicket in ICC Champions Trophy 2025

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INDIA NEWS | Sun, 9 Mar 2025, 7:25PM IST RJD leader Tejashwi Yadav got miffed on Sunday when he was asked about the possibility of a realignment with Bihar Chief Minister Nitish Kumar, the JD(U) president, who snapped alliance with his party last year to return to the BJP-led NDA. Yadav, the former deputy CM, was addressing a press conference here after a 'dharna' organised by the RJD over alleged "theft and eating up of reservations by the NDA". When he was asked whether there was a possibility of his joining hands with his former boss and the JD(U) chief ahead of assembly polls, Yadav shot back, "Why would we join hands? Why are you trying to divert attention from the issue at hand?" It was pointed out to him that in a section of the media, there have been speculations that Kumar, who recently turned 74, was wary that the BJP might push for a leadership change after elections and the RJD was ready to exploit the situation with an "offer" of realignment. However, the normally affable Yadav replied sternly "there is no offer from anybody. In my party, only RJD president Lalu ji and I are authorised to take any decision on alliances. Please do not talk nonsense". The young leader underscored that Kumar was "no longer in his senses which was evident from "the quality of language he has come to use in public". Recalling a couple of instances of Kumar trying to touch the feet of Prime Minister Narendra Modi in public, Yadav remarked, "Does this behove the chief minister of a state?" "The day may not be far when Kumar will be falling at the feet of his two current deputies Vijay Kumar Sinha and Samrat Choudhary," Yadav claimed. He accused the BJP of "working on its anti-reservation agenda in Bihar". "This is why the state government's lawyers in the Supreme Court are not arguing properly when the petition on quotas is heard," he alleged. Notably, the state government has moved the Supreme Court challenging an order of the Patna High Court which had set aside the legislations raising quotas for deprived castes from 50 per cent to 65 per cent. The RJD leader, whose party was sharing power in Bihar when the hike in quotas were effected in November, 2023, said, "We are fighting to get the quotas restored. We are fighting it out in the court, as well as on the streets". He alleged, "The chief minister, though, is silent. He is unable to use his clout with the Centre to get the legislations protected against judicial intervention by placing these in the Ninth Schedule (of the Constitution)." Yadav also claimed, "He (Kumar) also seems unconcerned about the need for a nationwide caste census, on the lines of the survey conducted in Bihar when we were in power together."

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INDIA BUSINESS | Sun, 9 Mar 2025, 7:25PM IST Haier Appliances India looks to become a USD 2 billion sales company in the next 3-4 years on the back of a high double-digit growth powered by expansion in product category and channels, according to a top official. The home appliances maker has earmarked an investment of over Rs 1,000 crore between 2024-2028 to set up new AC Production and Injection Molding Units. It has already ploughed in Rs 2,400 crore in its plants at Pune and Greater Noida so far. With this new plant, Haier India's capacity would increase to 4 million units per annum from the present 1.5 million units, besides increasing domestic value addition. "Currently we have a capacity of 1.5 million. However, the way the AC market is growing here, by 2027 we will have a shortage in capacity. The new plant will be 2.5 million units," Haier Appliances India President NS Satish told PTI on Sunday. Haier is also looking to set up a plant in South India and will announce the planned investment soon. Without sharing any .

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INDIA BUSINESS | Sun, 9 Mar 2025, 7:19PM IST Haier Appliances India aims to achieve USD 2 billion in sales within the next 3-4 years, driven by product category expansion and channel growth. The company plans to invest over Rs 1,000 crore in new production facilities, projecting significant capacity increases to meet rising demand in the Indian market.

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INDIA NEWS | Sun, 9 Mar 2025, 7:19PM IST Haier Appliances India looks to become a USD 2 billion sales company in the next 3-4 years on the back of a high double-digit growth powered by expansion in product category and channels, according to a top official. The home appliances maker has earmarked an investment of over Rs 1,000 crore between 2024-2028 to set up new AC Production and Injection Molding Units. It has already ploughed in Rs 2,400 crore in its plants at Pune and Greater Noida so far. With this new plant, Haier India's capacity would increase to 4 million units per annum from the present 1.5 million units, besides increasing domestic value addition. "Currently we have a capacity of 1.5 million. However, the way the AC market is growing here, by 2027 we will have a shortage in capacity. ... The new plant will be 2.5 million units," Haier Appliances India President NS Satish told PTI on Sunday. Haier is also looking to set up a plant in South India and will announce the planned investment soon. Without sharing any details, he said the investment amount would be "similar in size and capacity to what we have currently in the Noida Industrial Park". In 2024, Haier reported a 36 per cent growth in revenue at around Rs 8,900 crore, crossing the billion dollar sales mark. For the current year, Satish expects revenue to cross Rs 11,500 crore. "And subsequent to that, every year, we are looking around Rs 2,000 to 2,500 crore plus. So we have big plans. And we see a big opportunity in India. When you see the economy GDP, which is doing very well, next is the penetration of the product, which is very low when we compare it to our global counterparts," he said. On when Haier Appliances India would become a USD 2 billion company, Satish replied: "In the next three to four years, definitely. We already are a USD 1 billion company. I think in the next three to four years, it will definitely be more than USD 2 billion." The company sees a huge opportunity in segments such as air-conditioners, refrigerators, washing machines, TV panels and commercial freezers, as the penetration in India is very low in comparison to the other countries. India is the fourth largest market for Shandong, China-based Haier Group Corporation and Satish expects it to be among the top three markets globally in the next 4-5 years with a sales revenue of USD 2 billion. "India is a very important market. We see a huge opportunity with its demography and economic factors.. .If we touch the USD 2 billion mark, I think we will be in the top three contributors." China, North America and 'Russia and Europe' are the top three markets for the Haier group. Like other makers, Haier is also witnessing premiumisation happening in the Indian consumer electronics and appliances market. However, Satish said besides premium products, it would also focus on mass products where people are seeking more value from the products. "India has two sides of the story. One is looking for more and more premium products, and the ones who are looking for a value for money product. That's where we manufacture even a single-door refrigerator. And also, recently, we have introduced the four-door, the most premium refrigerators in India, even the air conditioner," he said, adding "so we see opportunity in both sides, in the entry as well as in the premium segment also." However, Haier's majority of the growth has come from the premium segment last year, which indicates that the premium market has grown with various schemes, which we launched in terms of enhancing affordability like the easy EMI schemes. "I think the premium market will definitely grow faster," said Satish. However, when asked whether Haier group has any plans to introduce its global brands in the growing Indian premium market, Satish said: "We still have a huge scope for developing Haier products at this point, we would continue to invest in building a Haier brand and Haier product portfolios. At this point, we have not thought about bringing in any global brands." Haier Group owns brands including - Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, AQUA and Candy. It entered India in 2003 by establishing Haier Appliances India. It now has manufacturing facilities in Pune and Greater Noida. It competes with LG Electronics, Samsung, Panasonic, among others, in segments such as refrigerators, AC, washing machines, LED TVs, deep freezers, and microwaves.

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INDIA NEWS | Sun, 9 Mar 2025, 6:55PM IST US Secret Service agents shot an armed man near the White House during the night, an agency spokesman said early Sunday, while President Donald Trump was spending the weekend at his Mar-a-Lago residence in Florida.The man had been hospitalized and his condition was "unknown," the spokesman said in a statement that did not specify whether the White House or Trump may have been the intended target.No injuries to Secret Service agents were reported, according to the statement posted by spokesman Anthony Guglielmi on social media platform X.The agents had been warned by local police of a "suicidal" man travelling to Washington from Indiana and around midnight found his parked vehicle near 17th and F Streets, the statement said -- very near the White House.They then spotted an individual nearby who matched the description they had been given, the statement said."As officers approached, the individual brandished a firearm and an armed confrontation ensued, during which shots were fired by our personnel," the statement said. "The suspect was transported to an area hospital and his condition is unknown," it said, adding that Washington police were investigating.

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INDIA MARKET | Sun, 9 Mar 2025, 6:48PM IST India vs New Zealand final LIVE SCORE UPDATES: Michael Bracewell (53 not out) played some big shots in the last 10 overs to take New Zealand post 250 runs mark after middle order failure

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INDIA MARKET | Sun, 9 Mar 2025, 6:01PM IST India vs New Zealand final LIVE SCORE UPDATES: Michael Bracewell (53 not out) played some big shots in the last 10 overs to take New Zealand post 250 runs mark after middle order failure

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INDIA BUSINESS | Sun, 9 Mar 2025, 6:01PM IST A priest from the Jagannath Temple in Puri is launching a 300-room luxury resort with a strong spiritual focus. The Rs 200 crore project features a beachside, vegetarian, non-liquor retreat, aiming to combine spiritual tranquility with modern amenities. Set to open before Rath Yatra 2026, the resort targets spiritual tourists and high-end travellers.

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INDIA MARKET | Sun, 9 Mar 2025, 5:32PM IST Indian markets ended flat on Friday, with gains in Reliance Industries offsetting losses in IT stocks amid cautious market sentiments. Global uncertainties due to U.S. tariffs and trade policy concerns weighed on investor sentiment. While Nifty showed short-term potential, analysts suggest focusing on large caps and fundamental stocks for future growth amidst ongoing market volatility.

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INDIA BUSINESS | Sun, 9 Mar 2025, 5:30PM IST SolitAir Holding, a UAE-based cargo operator, plans to invest USD 25 million in India's market in its first year of operations. With a strategy to connect and service 50 cities, the company emphasizes India's critical role in global trade and aims to expand its network and services frequency.

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INDIA BUSINESS | Sun, 9 Mar 2025, 5:26PM IST Tata Capital, classified as an upper-layer non-banking finance company (NBFC) by the Reserve Bank of India (RBI), has already received board approval to proceed with the IPO.

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INDIA NEWS | Sun, 9 Mar 2025, 5:25PM IST IBS Software, a prominent Software as a Service (SaaS) provider catering to the global travel sector, is set to explore additional business prospects within the airline industry and the loyalty programmes sector in India, a market characterized by its sensitivity to pricing, PTI reported on March 8 citing a senior company executive. Expressing a positive outlook for the global travel industry, Founder and Executive Chairman V K Mathews emphasised the significant growth potential within the Indian market.The Singapore-based SaaS provider employs approximately 5,000 individuals and serves around 200 clients across various fields, including aviation, travel, cruise, hospitality, and energy resources. Notable clients include Emirates, British Airways, China Airlines, Cathay Pacific, Etihad, Japan Airlines, KLM, Lufthansa, Virgin Atlantic, Hyatt, Hilton, Chevron, ADNOC, and Royal Caribbean International, according to the company's official website.In India, IBS Software is currently implementing software solutions for air cargo operations and managing staff travel for Air India. During a recent interview with PTI in Kochi, Mathews indicated that the company aims to explore collaborations with IndiGo and Akasa Air, highlighting that it possesses the most extensive array of products tailored for the aviation and travel sectors.When asked about the potential for loyalty programs in India, Mathews responded affirmatively, stating, "absolutely, that is one area that we will be looking at."It may be noted here that India stands out as one of the fastest-growing civil aviation markets globally, with domestic airlines actively expanding their fleets and networks to accommodate increasing demand.In response to a question regarding the positioning of IBS Software's products, Mathews acknowledged that while their offerings may be relatively high in cost, the company needs to establish the right alignment. He elaborated that in India, where cost considerations dominate, IT is often perceived as an expense rather than a value-adding resource; however, this perception is gradually shifting.As the economy evolves, Mathews believes that value differentiation will become paramount, moving away from a focus solely on cost.Mathews also recognised that India and China are the two markets where the company has not yet achieved the same level of success as in others, but he remains optimistic about India's substantial growth potential over the next two decades.He identified key industry trends, including the need for best-in-class technology systems, advancements in travel commerce, and enhanced customer relationship management."In airline retailing, many opportunities exist at the airport level, but we provide retail capabilities to airlines. For airports, we offer solutions focused on commercial aviation, including departure control, check-in, and cargo management," Mathews told the news agency.

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INDIA BUSINESS | Sun, 9 Mar 2025, 5:25PM IST IBS Software, a SaaS provider in the global travel sector, plans to expand its footprint in India's airline and loyalty program markets. The firm, already working with Air India, seeks to collaborate with IndiGo and Akasa Air, focusing on value differentiation amid the price-sensitive Indian market.

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INDIA MARKET | Sun, 9 Mar 2025, 5:09PM IST The Indian market is showing signs of stabilization despite global economic concerns and FII outflows. Nifty is in a corrective phase, with a trend reversal contingent on breaking the 23,807 level. The Bank Nifty remains range-bound, and select stocks like Kotak and HDFC Bank show potential. Metal stocks, especially Tata Steel and JSW Steel, are poised for upside, driven by global factors.

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INDIA MARKET | Sun, 9 Mar 2025, 5:04PM IST Indias wealthy investors, including UHNWIs and HNWIs, are increasingly adopting diversified, sophisticated portfolios to manage risk and optimize returns. These portfolios blend traditional assets like equities, debt, and real estate with newer asset classes such as start-ups, venture capital, and AIFs. The strategic allocation across multiple sectors and geographies helps ensure financial stability, growth, and wealth preservation amidst economic uncertainties.

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INDIA BUSINESS | Sun, 9 Mar 2025, 5:02PM IST Haier is investing Rs 800 crore in India to expand its air-conditioner production and start PCB manufacturing. The new AC plant will increase capacity to 2.5 million units per annum and the PCB unit will commence production by October. This investment aims to reduce import dependency and build a local component ecosystem.

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INDIA NEWS | Sun, 9 Mar 2025, 5:02PM IST Chinese refrigerator and television manufacturer, Haier is making fresh manufacturing investment of Rs 800 crore in India to expand its air-conditioner production capacity with a new plant and start production of a key electronic component printed circuit board (PCB), Haier India president NS Satish said.The wholly-owned Indian subsidiary is going to fund the investment from internal accruals and external commercial borrowings, thereby it will be able to bypass the stringent requirement of governments Press Note 3 approval for Chinese foreign direct investment (FDI). The Press Note 3 norms mandates any FDI investment from an entity in a country which shares its land border with India such as China can only make the investment after government approval.We have received all necessary local permissions for this investment which is to prepare for the future, reduce dependence on imports and build a local component eco-system. The supply chain lead time will come down from 60-90 days to around 25 days, said Satish.Haier India undertook the ground breaking ceremony for the new investment in the presence of senior government officials on Sunday. It will invest Rs 700 crore for the new AC plan at its existing manufacturing site in Greater Noida which will be completed by next year. This plant will have a capacity for 2.5 million units per annum. At present, Haier has capacity for 1.5 million units of AC.The PCB unit will be set up with Rs 100 crore investment which would start commercial production this October producing PCBs for air-conditioner, washing machine and refrigerator. We would still have 50 acres available in Greater Noida which can be used for kitchen appliances or other components, said Satish.The company has just completed Rs 200 crore investment for injection moulding whereby it will now have the capability for in-house production of plastic components for household appliances. With this, Haier has already completed an investment of Rs 1600 crore in India.ET has reported that Haier is planning to sell a stake in its Indian entity with multiple suitors placing non-binding bids. This is to overcome the Press Note 3 approval which has been tightened for Chinese companies and also localize the ownership of Indian operations. It will help Haier to fund its third plant for which it has already seen plots in Tamil Nadu and Andhra Pradesh. Apart from Greater Noida, Haiers second plant is near Pune. Satish refused to comment on the stake sale plans.Haier India achieved sales of Rs 8,900 crore in calendar 2024, growing 33% year-on-year, and targeting Rs 11,500 crore sales in calendar 2025.

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INDIA MARKET | Sun, 9 Mar 2025, 5:01PM IST India vs New Zealand final LIVE SCORE UPDATES: After adding 69 runs in the first 10 overs, New Zealand lost their rhythm and could only add 66 runs in the next 20 overs

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INDIA BUSINESS | Sun, 9 Mar 2025, 4:49PM IST The idea took root after an emotional encounter with a caf worker in Port Talbot, who told Sheen about steelworkers in tears after losing their jobs

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INDIA MARKET | Sun, 9 Mar 2025, 4:46PM IST India vs New Zealand final LIVE SCORE UPDATES: After adding 69 runs in the first 10 overs, New Zealand lost their rhythm and could only add 66 runs in the next 20 overs

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INDIA MARKET | Sun, 9 Mar 2025, 4:44PM IST Speaking in separate sessions at a conclave in the capital, the chiefs of the three services outlined the challenges of future conflicts, likely to be prolonged, and how the nation can address them

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INDIA MARKET | Sun, 9 Mar 2025, 4:38PM IST Electric two-wheeler maker Ather Energy Ltd has taken a significant step toward its much-anticipated initial public offering (IPO) by converting its outstanding compulsory convertible preference shares (CCPS) into equity. The move is part of the company's preparation for its IPO, expected to be launched in April, according to merchant banking sources.

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INDIA MARKET | Sun, 9 Mar 2025, 4:36PM IST Anand James, Chief Market Strategist at Geojit Financial Services, predicts a W-shaped reversal in Nifty, with support at 22,000 and potential resistance near 23,000. He discusses the underperformance of Nifty Bank despite RBI's liquidity support, the fall in Gensol Engineering shares, and the small-cap index's performance. James recommends buying EPL with a target price of Rs 225.

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INDIA COMMODITIES | Sun, 9 Mar 2025, 4:30PM IST IIFL Finance has launched seven new gold-loan branches run by female employees across NCR and MMR in celebration of International Women's Day. These 'Shakti' branches emphasize women's empowerment, offering special benefits and financial literacy programs for female entrepreneurs. Each branch provides employment opportunities for up to forty women.

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INDIA MARKET | Sun, 9 Mar 2025, 4:16PM IST India vs New Zealand final LIVE SCORE UPDATES: Jadeja gets his first wicket of the day as the Kiwis are in need of a partnership now.

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INDIA BUSINESS | Sun, 9 Mar 2025, 4:11PM IST Locks and Architectural Solutions, a business unit of Godrej Enterprises Group, is targeting to reach Rs 2,500 crore revenue by 2028, a senior company official said. The company is the market leader with around 30 per cent share in India, Locks and Architectural Solutions Business Head Shyam Motwani told PTI on the sidelines of the press conference here. "We are targeting...to reach Rs 2,500 crore by the year 2028," he said, adding that the company continues to reinforce its position as India's most trusted and preferred locks brand, driven by cutting-edge innovation and an expanding digital product portfolio. "E-commerce and quick commerce have played a pivotal role in this transformation, with the company doubling its business in the online segment," Motwani said. With evolving safety needs, digital locks have emerged as a key growth driver, and are now, contributing 10 per cent of the business, he noted. "The digital lock segment has witnessed an impressive 45 per cent year-on-

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INDIA BUSINESS | Sun, 9 Mar 2025, 4:07PM IST Air India Express is set to introduce flight services between Hindon and Bhubaneswar starting March 30. This new route marks the eighth addition from Hindon this month, expanding its domestic network under the Centres UDAN scheme, which aims to enhance connectivity and boost tourism and trade.

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INDIA MARKET | Sun, 9 Mar 2025, 4:02PM IST Bharat Electronics will pay a dividend of Rs 1.5 per share. The record date for the dividend is 11 March 2025.

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INDIA MARKET | Sun, 9 Mar 2025, 3:59PM IST The Indian hospitality sector is experiencing strong growth in 2025, driven by increased demand from MICE, cultural festivals, and the wedding season. RevPAR is expected to rise 12-14%, with metro cities seeing surges in business and event-driven tourism. Government initiatives, infrastructure improvements, and rising foreign tourist arrivals further support long-term growth, positioning India as a competitive global tourism hub.

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INDIA BUSINESS | Sun, 9 Mar 2025, 3:49PM IST Realty firm DLF's rental arm will invest around Rs 6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram to tap demand for top-quality green commercial properties. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. In its latest investors presentation for the third quarter of this fiscal, DLF informed that its rental arm DCCDL has commenced construction of 5.5 million (55 lakh) square feet of Grade A plus office spaces in the new phase of its ultra-premium commercial project 'DLF Downtown, Gurugram'. Besides, DCCDL has also commenced construction of DLF Mall of India, Gurugram, with a total area of 20 lakh square feet. Already, 3.7 million (37 lakh) square feet area has been completed so far. According to sources, the total investment in the construction of this office complex and a shopping mall would be around Rs 6,000 crore. The

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INDIA NEWS | Sun, 9 Mar 2025, 3:47PM IST Realty firm DLF's rental arm will invest around Rs 6,000 crore to construct 75 lakh square feet of prime office and retail spaces in Gurugram to tap demand for top-quality green commercial properties. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm. In its latest investors presentation for the third quarter of this fiscal, DLF informed that its rental arm DCCDL has commenced construction of 5.5 million (55 lakh) square feet of Grade A plus office spaces in the new phase of its ultra-premium commercial project 'DLF Downtown, Gurugram'. Besides, DCCDL has also commenced construction of DLF Mall of India, Gurugram, with a total area of 20 lakh square feet. Already, 3.7 million (37 lakh) square feet area has been completed so far. According to sources, the total investment in the construction of this office complex and a shopping mall would be around Rs 6,000 crore. The company spokesperson declined to comment. DCCDL, which holds the bulk of the rent-yielding assets of DLF Group, has an operational rental portfolio of 40.4 million square feet, of which 36.4 million square feet area is office space and 4 million square feet of retail real estate. On the Indian office market trend, DLF's Vice Chairman and MD (Rental Business) Sriram Khattar said, "Global companies, especially technology firms, are attracted by high-quality human talent and world-class commercial spaces. These companies look for Grade A++ office spaces which are rated high on sustainability, green initiatives, social infrastructure and scalability". "DLF does it best to provide these and, at times, tailor-made solutions for their long-term space requirements," he said. Khattar noted that Global Capability Centers (GCCs) are driving office demand across major cities. On shopping mall expansion, Khattar said, "India is one of the fastest growing economies with a huge middle class and upper middle class aspiring to economically move up the chain. This coupled with the high influx into urban centres would result in robust growth in retail, especially organised retail". International brands continue to explore India as a growth destination, especially over the last 3/4 years, he said. Khattar said the Group has developed many shopping malls and has a strong supply pipeline of retail spaces. "We will complete about 1.3 million sq ft further this year and another 2-2.5 million square feet in about 3 years. "We will continue to endeavour to create customer delight and be the port of first call for international and Indian brands wanting to expand where we have a presence," Khattar said. As per the presentation, the DCCDL's rental income from office and retail spaces rose 10 per cent to Rs 1,194 crore in the third quarter of this fiscal due to higher occupancy and rent appreciation. Out of the total rental income, DCCDL's office assets contributed Rs 962 crore rent in the December quarter, up 10 per cent from Rs 876 crore in the year-ago period. According to various real estate consultants, India's top seven major cities saw a record gross and net leasing of office spaces during the 2024 calendar year on high demand from domestic firms and multinational corporations (MNCs). DCCDL's rentals from retail real estate spaces also grew to Rs 231 crore from Rs 213 crore during the period under review. On the financial front, the DCCDL's revenue increased 9 per cent in the October-December period to Rs 1,609 crore from Rs 1,476 crore a year ago. Its net profit jumped to Rs 941 crore from Rs 434 crore. DLF is primarily engaged in the business of the development and sale of residential properties (the Development Business) and the development and leasing of commercial properties (the Annuity Business). DLF is the country's largest real estate firm in terms of market cap. It has a strong presence in the Delhi-NCR and Tamil Nadu markets. The company has developed more than 185 real estate projects and developed an area of more than 352 million square feet since inception. The Group has 220 million square feet of development potential across residential and commercial segments.

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INDIA BUSINESS | Sun, 9 Mar 2025, 3:47PM IST DLF's rental arm, DLF Cyber City Developers Ltd, will invest Rs 6,000 crore in Gurugram to develop 75 lakh square feet of premium office and retail spaces, including DLF Downtown and DLF Mall of India. The firm aims to meet demand for high-quality green commercial properties, with increased rental income from higher occupancy and rent appreciation.

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INDIA MARKET | Sun, 9 Mar 2025, 3:43PM IST On the macroeconomic front, the release of the Index of Industrial Production (IIP) and Consumer Price Index (CPI) inflation data will be closely monitored

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