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Business Standard
2 hours ago
- Business
- Business Standard
Godrej acquires 14-acre land in Pune to build project worth Rs 4,200 cr
Realty firm Godrej Properties Ltd has acquired a 14-acre land in Pune to develop a housing project with a revenue potential of Rs 4,200 crore as part of its expansion plan. In a regulatory filing on Monday, Godrej Properties said it will develop the 14-acre land parcel in Kharadi - Wagholi, Pune. The development on this land will comprise primarily premium group housing. "The project will have a developable potential of 3.7 million square feet with an estimated revenue potential of Rs 4,200 crore," the company said. Gaurav Pandey, MD & CEO, Godrej Properties, said, "Kharadi - Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India." "We will aim to build a high-quality development that creates long-term value for its residents," Pandey said. Mumbai-based Godrej Properties is one of the leading real estate developers in the country. The company has a significant presence in Mumbai Metropolitan Region, Delhi-NCR, Bengaluru and Pune. It has recently entered the Hyderabad property market. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
3 hours ago
- Politics
- Business Standard
Sule-led delegation arrives in Egypt to convey India's stance on terrorism
An all-party delegation led by NCP MP Supriya Sule has reached Egypt to present India's stance on zero tolerance against terrorism. The delegation arrived in Cairo after concluding their visit to Ethiopia on Sunday, Suresh Reddy, India's Ambassador to Egypt, received the delegation. The delegation has a packed and productive schedule in Egypt, including Ministerial engagements, Parliamentary exchanges, interactions with think tanks, media, the Indian community and others. It is one of the seven multi-party delegations India has tasked to visit 33 global capitals to reach out to the international community to emphasise Pakistan's links to terrorism. Tensions between India and Pakistan escalated after the Pahalgam terror attack, with India carrying out precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir in the early hours of May 7. Pakistan attempted to attack Indian military bases on May 8, 9, and 10. The Indian side responded strongly to the Pakistani actions. The on-ground hostilities ended with an understanding of stopping the military actions following talks between the directors general of military operations of both sides on May 10. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
6 hours ago
- Climate
- Business Standard
Earthquake of magnitude 3.5 hits Manipur's Churachandpur district
The tremor was recorded at a depth of 15 kilometres beneath the surface ANI An earthquake of magnitude 3.5 on the Richter scale struck Churachandpur district in Manipur during the early hours of Monday, according to the National Center for Seismology (NCS). In a post on X, NCS said, "EQ of M: 3.5, On: 02/06/2025 02:55:39 IST, Lat: 24.08 N, Long: 93.61 E, Depth: 15 Km, Location: Churachandpur, Manipur." The tremor was recorded at a depth of 15 kilometres beneath the surface. On May 28, an earthquake of magnitude 3.9 on the Richter scale had struck Churachandpur region of Manipur, according to the National Center for Seismology (NCS). As per NCS, the earthquake's tremors occurred at 10:23 am at a depth of 36 km and were recorded at a latitude of 24.55 North and a longitude of 93.70 East. "EQ of M: 3.9, On: 28/05/2025 10:23:55 IST, Lat: 24.55 N, Long: 93.70 E, Depth: 36 Km, Location: Churachandpur, Manipur," the NCS stated on X. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
15 hours ago
- Business
- Business Standard
US sanctions on Russia likely to cripple India's crude oil imports
Russian grades constituted around 39% of India's oil imports in May S Dinakar Amritsar Listen to This Article A powerful senator in America has sponsored a Bill increasing sanctions on Russian crude oil after Russian President Vladimir Putin last weekend bombed Ukraine. The Bill, if cleared, will cripple India's import of Russian oil, according to industry officials and the ship-tracking data. New measures from America are 'secondary sanctions', like a 500 per cent tariff on countries buying Russian energy, targeting India and China. The proposed law endangers supplies of nearly two million barrels per day (bpd) of Russian crude oil, worth around $154 million, at the rates worked out in February, according to calculations by Business Standard based
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Business Standard
16 hours ago
- Climate
- Business Standard
Local institutions need empowerment to fully harness Bharat Forecast system
With enhanced predictions of floods, heatwaves, and cyclones, state governments and emergency services will be in a position to act swiftly to mitigate damage Business Standard Editorial Comment Mumbai Listen to This Article At a time when climate change has upended historical weather patterns and increased the frequency of extreme weather events, India's proactive stride in modernising its meteorological capabilities remains critical. The Ministry of Earth Sciences' recent launch of the Bharat Forecast System (BFS) is a welcome step in this direction. Capable of predicting weather at a granular 6-kilometre grid resolution, the BFS harnesses more powerful supercomputing facilities and is a significant improvement over current weather-forecast models, which generate predictions over gridded squares of 12 km sides or an area as big as 144 sq km. Additionally, instead of breaking the globe
