Latest news with #GPL
Channel Post MEA
19 hours ago
- Business
- Channel Post MEA
VAST Data Expand Partnership With Cisco
VAST Data has announced the expansion of its strategic partnership with Cisco to deliver a fully integrated and validated AI infrastructure stack that spans compute, networking, storage, and observability. The VAST AI Operating System is now available directly through Cisco's Global Price List (GPL) and is fully supported by Cisco as part of the joint solution – simplifying how enterprises implement, operate, and scale modern AI environments by enabling customers to seamlessly procure and deploy VAST AI OS alongside Cisco UCS servers, Nexus switching, and Cisco Nexus Hyperfabric AI. Together, VAST and Cisco provide a turnkey platform for building enterprise AI Factories – agentic, data-intensive AI systems at scale – ensuring security, performance, and operational agility from edge to core to cloud. The joint solution stack enables customers to unify data pipelines, automate infrastructure management, and reason over real-time data using scalable, zero-trust AI infrastructure. VAST Founder and CEO, Renen Hallak, will join Cisco President and Chief Product Officer Jeetu Patel on stage at Cisco Live's Executive Symposium, for a fireside chat discussing this strategic partnership. The conversation will highlight how the two companies are driving enterprise AI adoption and explore key trends shaping the future of AI-driven business. 'Cisco and VAST share a vision for making AI infrastructure accessible, secure, and scalable for every enterprise,' said Jeremy Foster, Senior Vice President and General Manager, Cisco Compute. 'We're enabling customers to collapse complexity and unlock faster time-to-value by providing a unified infrastructure stack built for the demands of AI. The joint solution integrates key technologies across both platforms, including: A Consolidated AI Infrastructure Stack: A jointly validated, enterprise-grade platform that brings together Cisco's compute and networking leadership with the industry defining VAST AI Operating System – delivering a full-stack solution for AI infrastructure that's simple to deploy, easy to manage, and built to scale from day one. Integrated AI Execution with InsightEngine and AgentEngine: Customers can now run end-to-end AI pipelines – from retrieval-augmented generation (RAG) to real-time reasoning – directly within VAST's AI OS on Cisco UCS. VAST InsightEngine accelerates vector search, data preparation, and inference workflows at the point of data, while AgentEngine takes this further by orchestrating autonomous agents that continuously operate on live data streams, enabling real-time, event-driven decision-making. These capabilities empower Cisco environments to become intelligent execution layers – turning raw data into continuous, actionable insight. Unified AI Data and Compute Services: A consolidated software stack via the VAST AI Operating System that simplifies infrastructure complexity by unifying structured, unstructured, and vector data management with agentic compute services – enabling real-time reasoning for next-gen AI applications and workflow automation at scale. Enterprise-Grade Performance and Scalability: High-performance compute with Cisco UCS and scalable, AI-optimized network fabrics via Cisco Nexus, validated to run seamlessly with VAST's Disaggregated Shared Everything (DASE) architecture – delivering predictable performance across even the largest AI deployments. Faster Time-to-Value with Turnkey Automation: SaaS-based orchestration and lifecycle management from Cisco Nexus Hyperfabric AI, combined with VAST's intelligent dataflows and global namespace, streamline infrastructure provisioning, monitoring, and scaling across the full AI pipeline. Built-In Security and Multi-Tenant Readiness: A zero-trust infrastructure model that combines VAST's native data governance and multi-tenant controls with Cisco's secure platform architecture—ensuring isolated, compliant environments for sensitive AI workloads across hybrid and on-prem deployments. A Consolidated AI Infrastructure Stack: A jointly validated, enterprise-grade platform that brings together Cisco's compute and networking leadership with the industry defining VAST AI Operating System – delivering a full-stack solution for AI infrastructure that's simple to deploy, easy to manage, and built to scale from day one. Integrated AI Execution with InsightEngine and AgentEngine: Customers can now run end-to-end AI pipelines – from retrieval-augmented generation (RAG) to real-time reasoning – directly within VAST's AI OS on Cisco UCS. VAST InsightEngine accelerates vector search, data preparation, and inference workflows at the point of data, while AgentEngine takes this further by orchestrating autonomous agents that continuously operate on live data streams, enabling real-time, event-driven decision-making. These capabilities empower Cisco environments to become intelligent execution layers – turning raw data into continuous, actionable insight. Unified AI Data and Compute Services: A consolidated software stack via the VAST AI Operating System that simplifies infrastructure complexity by unifying structured, unstructured, and vector data management with agentic compute services – enabling real-time reasoning for next-gen AI applications and workflow automation at scale. Enterprise-Grade Performance and Scalability: High-performance compute with Cisco UCS and scalable, AI-optimized network fabrics via Cisco Nexus, validated to run seamlessly with VAST's Disaggregated Shared Everything (DASE) architecture – delivering predictable performance across even the largest AI deployments. Faster Time-to-Value with Turnkey Automation: SaaS-based orchestration and lifecycle management from Cisco Nexus Hyperfabric AI, combined with VAST's intelligent dataflows and global namespace, streamline infrastructure provisioning, monitoring, and scaling across the full AI pipeline. Built-In Security and Multi-Tenant Readiness: A zero-trust infrastructure model that combines VAST's native data governance and multi-tenant controls with Cisco's secure platform architecture—ensuring isolated, compliant environments for sensitive AI workloads across hybrid and on-prem deployments. The VAST + Cisco solution is purpose-built for generative and agentic AI workloads, enabling customers to power complex, data-driven applications with the performance, insight, and operational control needed to drive business transformation. 'This partnership represents the convergence of two best-in-class platforms to create a foundational blueprint for enterprise AI,' said Renen Hallak, Founder and CEO at VAST Data. 'By aligning the VAST AI OS with Cisco's UCS and Nexus infrastructure, we're delivering the turnkey simplicity, observability, and scalability that enterprises need to deploy and manage intelligent systems globally.
Mint
3 days ago
- Business
- Mint
Godrej Properties, Prestige, DLF, Macrotech eye record residential sales in FY26
Bengaluru: India's four leading real estate developers—Godrej Properties, Prestige Estates, DLF, and Macrotech Developers—are collectively aiming to cross ₹ 1 trillion in residential sales in FY26, marking the strongest year yet for branded players. In FY25, the four developers clocked combined sales of around ₹ 85,190 crore. Residential sales in the top seven cities saw a slight fall in 2024 compared with 2023, against hopes they would touch a new peak. Rising home prices also slowed down sales in the January-March quarter. Sales dropped by 28% year-on-year to 93,280 units, and launches fell by 10% to 1,00,020 units during the March-ended quarter, as per Anarock Property Consultants data. This ambitious push for record residential sales this year comes on the back of a robust pipeline of project launches, existing inventory, and a focus on premium projects that fetch higher margins. Among the four realtors, Godrej Properties Ltd (GPL) has set the highest sales target of ₹ 32,500 crore this year. It sold 15,000 homes worth ₹ 29,444 crore last year, the highest ever by an Indian real estate firm. While real estate analysts have pegged GPL's FY26 sales guidance as conservative and cautious, Godrej Properties executive chairperson Pirojsha Godrej said the company has set a reasonable target and is confident of achieving it. 'For the better brands and strong real estate players like us, there is good demand. If we can execute well, there is nothing stopping us from increasing market share, and there is a huge growth opportunity in all the markets,' Godrej said in an interview earlier. Prestige Estates Projects Ltd, which fell short of its ₹ 20,000 crore target last year due to delays in project approvals, has set a higher goal of ₹ 27,000 crore for FY26. The Bengaluru-based firm recorded ₹ 17,023 crore in bookings last year, a 19% year-on-year decline. However, it expects a sharp bounce-back, aided by a ₹ 42,000 crore launch pipeline and unsold inventory worth ₹ 20,000 crore. 'The good news is the first quarter of FY26 itself will see sales of almost ₹ 12,000 crore, so the rest of the year should comfortably meet the remaining sales target,' said Prestige chairman and managing director Irfan Razack. DLF Ltd, the country's largest developer by market value, has guided for flat sales of ₹ 20,000-22,000 crore in FY26 after achieving ₹ 21,223 crore in FY25. Analysts believe the Gurugram-based developer's guidance is conservative. 'This is conservative given the backdrop of strong sustenance sales at 'Dahlias' and because 80% of the new inventory planned for FY26 is likely to be released in Q1FY26, aiding a high take rate for the full year,' said Rahul Jain, equity research analyst- real estate at Elara Securities. 'Overall, DLF is confident of sustaining strong operating cash surplus, aided by quarterly residential collections.' The DLF management in an analyst call on 20 May said that, along with good demand for luxury homes, it also has a strong launch pipeline of projects worth over ₹ 17,000 crore in the current fiscal year. Macrotech 'Lodha' Developers has guided for ₹ 21,000 crore sales in FY26, on the back of strong demand from home buyers demand, higher footfall and better conversions and pricing. It recorded xxxx sales in FY25, up/down xx% year-on-year. The Mumbai-based developer is viewed as a key beneficiary of industry consolidation, led by strong execution, key performance indicators and large-scale operations, an Elara Securities report said. While residential sales are expected to plateau this year, large, branded developers continue to clock strong sales and look set to tighten their grip on the market.
The Citizen
16-05-2025
- Politics
- The Citizen
Legislative subpoena adds to SAHRC complaint against Emfuleni municipality
The Emfuleni municipality has been accused of multiple service delivery failures and is subject to interventions under Operation Vulindlela. The Emfuleni municipality is being placed under increasing pressure by administrative forces. A complaint against the municipality has been submitted to the South African Human Rights Commission (SAHRC) and officials have also drawn the ire of the Gauteng provincial legislature (GPL). Under phase two of Operation Vulindlela, Emfuleni is highlighted as one of the eight worst run municipalities in the country and is subject to national government intervention. SAHRC complaint The DA on Wednesday laid a complaint with the SAHRC, citing a violation of the right to access water and forcing residents to live in filth to due to regular sewerage spills. Emfuleni racked up R562 million in wasteful expenditure spent on overtime pay for service delivery projects that yielded little results. Additionally, the municipality returned R636 million of its municipal infrastructure grant despite its service delivery challenges. 'These failures reflect systemic corruption, mismanagement, and a disregard for residents' dignity,' stated the DA's SAHRC complaint lodged by Emfuleni North constituency head Kingsol Chabalala. 'The actions taken by the provincial government to place Emfuleni under administration, have not produced any significant advancements, and the residents still suffer due to poor governance at the provincial and local levels,' he said. Emfuleni municipality and the SAHRC were contacted for comment by The Citizen but no response had been received at the time of publication. GPL subpoena Emfuleni officials have been criticised by the GPL for not attending to service delivery requests and proposals set out by residents. The standing committee on petitions said that roughly only 12% of petitions submitted to the municipality received a formal response – some dating back to 2013. 'Alarmingly, no senior accountable officials from Emfuleni were present to respond to the remaining seven petitions or to account to the committee or the petitioners,' the GPL said on Thursday. ALSO READ: Mashatile: How national government is aiming to reform local municipalities Issues addressed in the unresolved petitions include the hijacking of properties, municipal rates disputes, relocation of informal settlement residents and a government housing project. The lack of response by the municipality has prompted the GPL to take further steps to receive answers. 'As a result, the committee has taken a firm and decisive decision. Emfuleni municipality will be subpoenaed to appear before the committee in the coming weeks. 'This is to ensure full accountability and progress on the petitions which remain unresolved to this day. The residents of Emfuleni deserve answers – not continued neglect. NOW READ: Emfuleni sewerage disaster continues despite multiple contractors being paid millions
Time of India
03-05-2025
- Business
- Time of India
Godrej Properties' net profit dips 20.83% in Q4 FY25
NEW DELHI: Godrej Properties (GPL) has reported a decline of 20.83 per cent in its net consolidated profit during the quarter ended March 31, 2025. Its profit after tax stood at Rs 378.44 crore in Q4 FY25 as against Rs 478.01 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 2,681.06 crore in Q4 FY25, a growth of 40.02 per cent from Rs 1,914.82 crore it recorded in the similar quarter last year. Pirojsha Godrej , executive chairperson of the company said, "Our sales bookings over the last three years have compounded at an annual growth rate of 55%. Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. In FY26, we plan to grow residential bookings to over Rs 32,500 crore through the launch of a large number of exciting new projects combined with strong sustenance sales." During the year ended March 31, 2025, the holding company has alloted 2,31,21,387 equity shares of face value of Rs 5 each through qualified institutions placement (QIP) aggregating to Rs 6,000 crore. The company's booking value grew 31% year-on-year to Rs 29,444 crore in FY25 through sale of 15,302 homes with a total area of 25.73 million sq ft, a year-on-year volume growth of 29%. With this, it achieved 109% of its annual guidance for booking value for FY25. National Capital Region (NCR), Mumbai Metropolitan Region (MMR) & Bengaluru contributed Rs 10,523 crore, Rs 8,034 crore and Rs 5,089 crore respectively to the booking value in FY25. In Q4 FY25, sales collections stood at Rs 6,961 crore representing a year-on-year growth of 48%. Sales collections in FY25 stood at Rs 17,047 crore representing a year-on-year growth of 49%. GPL has added 14 new projects in FY25 with a total estimated saleable area of approximately 19 million sq ft and total estimated booking value potential of Rs 26,450 crore.
Mint
02-05-2025
- Business
- Mint
Godrej Properties to see strong sales, business development in FY26: Pirojsha Godrej
Godrej Properties Ltd (GPL) aims to clock ₹ 32,500 crore of sales bookings in 2025-26, after selling over 15,000 homes worth a combined ₹ 29,444 crore in FY25, the highest ever by an Indian real estate will be generated from new project launches and existing inventory in projects of the Mumbai-based developer. This is the eighth consecutive year of booking value growth, and the second successive year that GPL has emerged as the largest property developer by sales bookings. GPL on Friday said its net profit declined 19% to ₹ 381.99 crore in the March-ended quarter compared to the corresponding year-ago period. Revenue jumped 48.8% to ₹ 2,121.73 crore. Despite a drop in profit in the fourth quarter, the developer posted a 92% jump in FY25 net profit to ₹ 1,399.89 crore. Revenue in 2024-25 increased 62% to ₹ 4,922.84 crore. The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), and Bengaluru—the top three property markets for GPL—contributed ₹ 10,523 crore, ₹ 8,034 crore and ₹ 5,089 crore, respectively, to its FY25 booking value. GPL's sales growth comes when analyst reports have indicated a slight plateauing in home sales. Both home sales and business development will stay strong in the current financial year, said Godrej Properties executive chairperson Pirojsha Godrej. 'Our view is that for the better brands and strong real estate players like us, there is good demand. Despite rapid growth, our market share in the top markets we operate in is under 5%. If we can execute well, there is nothing stopping us from increase market share, and there is a huge growth opportunity in all the markets,' Godrej said in an interview with Mint. GPL added 14 new projects in FY25 with a total estimated saleable area of around 19 million sq. ft. and total estimated booking value potential of ₹ 26,450 crore. For FY26, the developer has given a conservative business development guidance of ₹ 20,000 crore. GPL raised ₹ 6,000 crore through a qualified institutional placement (QIP) in December, and generated operating cash flow of ₹ 7,484 crore in FY25—most of which will be used towards business development or acquiring land to expand its project portfolio. 'We are likely to surpass the business development guidance in FY26, but we don't want to be under any pressure to do deals in order to meet a target,' Godrej said. Godrej Properties competes with developers such as DLF Ltd, Prestige Estates Projects Ltd, and Macrotech Developers Ltd in the residential sector, which has witnessed high velocity sales after the pandemic. In FY26, Macrotech, which operates under the 'Lodha' brand name, expects ₹ 21,000 crore of pre-sales or bookings in FY26, versus ₹ 17,500 crore last fiscal. 'GPL took several steps over the years in terms of strategy and operations, including building a nationwide presence, investing aggressively in land and business development before the others, which gave us an edge,' Godrej said. First Published: 2 May 2025, 07:09 PM IST
