Latest news with #GoldenJubilee
Zawya
6 hours ago
- Business
- Zawya
CBUAE issues commemorative coins to mark Golden Jubilee of Dubai Islamic Bank
The Central Bank of the UAE (CBUAE) has issued 7,000 silver commemorative coins to mark the Dubai Islamic Bank's (DIB) Golden Jubilee and to honour its achievements in the banking sector since its establishment in 1975. The issuance includes 2,000 coins of 50 grams and 5,000 coins of 20 grams. The obverse of the coin features the inscription "50 Years of Progress", the mnemonic descriptor of this occasion in Arabic and English, signifying the 1975- 2025 period, along with the name "Dubai Islamic Bank" in both languages. The reverse side displays the nominal value of "50 dirhams" in Arabic, encircled by the inscription "Central Bank of the UAE' in both Arabic and English. The issuance of the coin comes as part of DIB celebration of its anniversary and the launch of its journey full of growth, development, and achievements over fifty years, making it a prominent financial institution in the UAE that provides innovative banking services to individuals and companies, in line with the economic and developmental aspirations of the country. The commemorative coins will be formally handed over to DIB and will not be available for sale to public through CBUAE or DIB. Saif Humaid Aldhaheri, the CBUAE's Assistant Governor for Banking Operations and Support Services, said: 'The Central Bank issues these commemorative coins that embody DIB's fifty-year journey of contributions and successes and its effective role in supporting the national economy. This issuance reflects the central bank's support to document the prominent institutional achievements that are integral to the financial sector's history, and it highlights the continuous efforts to enhance trust and financial stability in the UAE.' Dr. Adnan Chilwan, Group Chief Executive Officer of DIB, said: 'We are deeply honoured by the Central Bank of the UAE's gesture in adopting the DIB initiative and issuing commemorative coins to mark our 50-year legacy. More than symbolic tribute, it reflects the enduring partnership between DIB and the nation's financial ecosystem, and our shared commitment to building a resilient, inclusive, and forward-looking economy. As we celebrate five decades of pioneering Islamic finance, this recognition reinforces our resolve to lead with purpose, inspire innovation, and shape the future of banking in the UAE and beyond.'
Scotsman
6 hours ago
- Entertainment
- Scotsman
Two gardeners are seen lying on their front on ladders planting the flowers according to the design. This year, the clock will mark the 200th anniversary of the invention of braille.
Watch as gardeners plant the flowers for this year's Edinburgh floral clock. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A video shows this year's floral clock being planted in Princes Street Gardens in Edinburgh. Two gardeners are seen lying on their front on ladders planting the flowers according to the design. This year, the clock will mark the 200th anniversary of the invention of braille. Advertisement Hide Ad Advertisement Hide Ad Gardeners plant flowers for this year's floral clock. | National World Posting to social media on May 23, the Royal National Institute of Blind People (RNIB) said: 'We are honoured that RNIB has been chosen for this year's Edinburgh Floral Clock! 'The clock will mark the 200th anniversary of the invention of braille - planting for the display began this week, and it will be in full bloom from June through to September!' History of Edinburgh's floral clock The floral clock, the oldest in the world, was created in 1903 by then Edinburgh Parks Superintendent John McHattie. The floral clock initially operated with just an hour hand, with a minute hand added in 1904. A cuckoo clock was added in 1952. Advertisement Hide Ad Advertisement Hide Ad Since 1946, the floral clock has been designed in honour of various organisations and individuals, including the Girl Guides Association, Robert Louis Stevenson and the Queen for her Golden Jubilee. Have you got a video you want to share with our readers? You can now send it to us online via YourWorld at It's free to use and, once checked, your footage will appear on our website.
Business Standard
4 days ago
- Business
- Business Standard
Puravankara Closes FY25 with Rs 3,937 Cr Collections, Up 9% YoY; Enters Golden Jubilee Year
VMPL Bengaluru (Karnataka) [India], May 31: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India's most trusted and admired real estate developers, announced its results for the quarter ending March 31, 2025, and consolidated results for FY25. The year was marked by continued expansion across strategic markets, disciplined capital allocation, and laying the groundwork for future growth. In Q4FY25, Pre-sales stood at Rs 1,282 crore, driven by a sales volume of 1.42 million square feet and healthy collections of Rs 946 crore. Total revenue for the quarter stood at Rs 564 crore. For FY25, the company achieved robust pre-sales of Rs 5,006 crore, with a sales volume of 5.67 million square feet and a 10% year-on-year increase in sales realisation to Rs 8,830 per square foot. Collections for the year stood at Rs 3,937 crore, reflecting a 9% growth over the previous year. Total revenue came in at Rs 2,093 crore, while operating cash inflows grew by 10% YoY to Rs 4,342 crore. Commenting on the company's strategic direction, Ashish Puravankara, Managing Director, Puravankara Limited, said, "We have entered our Golden Jubilee year with a clear focus on growth, backed by bold investments and disciplined execution. FY25 saw record sustenance sales, and our western India investments are now poised to come to market. We are also actively pursuing several major redevelopment projects. With over 13.5 million sq. ft. in the pipeline group-wide, and key approvals in place, we are optimistic about delivering long-term value to all stakeholders while reinforcing our legacy of trust and innovation." Kicking off FY26 on a strong note, the company announced a strategic joint venture with KVN Property Holdings LLP to develop a 24.59-acre land parcel in North Bengaluru's KIADB Hardware Park. With an estimated gross development value (GDV) of over Rs 3,300 crore and a saleable area of 3.48 million square feet, the project further strengthens the Group's launch pipeline and regional dominance. During FY 24-25, Puravankara expanded its presence in Western India by acquiring four marquee projects, including redevelopment projects, across Lokhandwala, Pali Hill, Breach Candy, and Thane, unlocking a combined Gross Development Value (GDV) potential of over Rs 9,500 crore. These investments reflect the company's commitment to derive 40% of future revenues from Mumbai and Pune, supported by strong demand and premium positioning in these micro-markets. In March 2025, the company successfully launched its much-awaited project, 'Purva Panorama' in Thane, Mumbai, with a total development potential of 3 million square feet and an estimated GDV of Rs 4,000 crore. The project received an excellent response, commencing with Tower C, which covers 0.52 million square feet. The company is poised for substantial growth in its West portfolio. The Company continues to invest in its Grade A commercial portfolio, with nearly 2 million sq. ft. expected to receive occupancy certificates (OCs) in FY26, thereby enhancing annuity income visibility. Despite approval delays that impacted some project launches--including regulatory shifts such as the new e-khata policy--approvals have now begun to come through, setting the stage for a more active launch calendar in the coming quarters. The company has delivered approximately. 3.09 million square feet in FY25 and is expecting occupancy certificates (OC) for key projects like Atmosphere, Oakshire, Capella in Bengaluru & Adora De Goa in Goa in FY26 with a total saleable area of 3.95 million square feet and a total GDV of Rs 3200 crore. This will enable a ramp-up in handovers and revenue recognition in the coming quarters. Aligned with its Golden Jubilee vision, Puravankara has also initiated changes as part of a company-wide effort to drive operational synergy and further enhance the customer experience. These initiatives are geared toward better integration across its portfolio, leading to better delivery timelines, increased transparency, and overall improved execution efficiency. As the Indian real estate market matures and consolidates, Puravankara continues to build for the long term, with a robust land bank, premium market presence, and a customer-first approach that has stood the test of five decades. Yearly Performance Summary (FY25) - Area sold: 5.67 msft - Sales value: Rs 5,006 crore - Sales realisation: Rs 8,830/sft -Total Revenue: Rs 2,093 crore - Loss: Rs 186 crore Quarterly Performance Summary (Q4FY25) - Area sold: 1.42 msft - Sales value: Rs 1,282 crore - Sales realisation: Rs 9,031/sft - Total Revenue: Rs 564 crore - Loss: Rs 88 crore Projected Cash Flows As of 31st March 2025, - Total estimated surplus from all completed and ongoing projects is Rs 8,505 crore. - The estimated surplus from commercial projects stood at Rs 1,870 crore. - The estimated surplus from the launch pipeline stood at Rs 5,574 crore. - The total estimated surplus stood at Rs 15,949 crore. Debt The company's net debt stood at Rs 2,949 crore, and the net debt-to-equity ratio stood at 1.70 as of 31st March 2025. The weighted average cost of debt stood at 11.85% as of 31st March 2025.
Time of India
5 days ago
- Business
- Time of India
Puravankara posts Rs 1,282 crore pre-sales, FY25 loss narrows
eal estate major Puravankara Limited Recorded all-time high pre-sales of Rs 5,006 crore, reflecting strong demand and execution across markets. The company sold 5.67 million sq. ft. during the year, with a 10% year-on-year increase in average realisation to Rs 8,830 per sq. ft. Total revenue stood at Rs 2,093 crore, while customer collections rose to Rs 3,937 crore. Despite posting a net loss of Rs 186 crore, the company demonstrated financial resilience with a 10% growth in operating cash inflows to Rs 4,342 crore, highlighting its robust cash flow generation and sustained momentum. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bangladesh: Jewelry On Sale For Half Price! (See Price List) Luxury Jewelry | search ads Undo Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The firm reported robust operational performance for the quarter ended March 31, 2025 (Q4FY25), with pre-sales rising to Rs 1,282 crore, supported by sales of 1.42 million sq. ft. and improved average realisation of Rs 9,031 per sq. ft. Total revenue for the quarter stood at Rs 564 crore, while net loss narrowed sequentially to Rs 88 crore. For the full fiscal year FY25, the company recorded all-time high pre-sales of Rs 5,006 crore, driven by a sales volume of 5.67 million sq. ft. and a 10% year-on-year increase in realisation to Rs 8,830 per sq. ft. Total revenue for the year stood at Rs 2,093 crore, while annual collections reached Rs 3,937 crore. Net loss for FY25 was reported at Rs 186 crore. Despite the bottom-line pressure, operating cash inflows rose 10% year-on-year to Rs 4,342 crore, underlining the company's strong cash-generating ability. Live Events 'FY25 marked a significant inflection point for Puravankara with record pre-sales and strong customer collections,' said Ashish Puravankara, Managing Director. 'As we enter our Golden Jubilee year, our focus is on monetising a diversified pipeline across key geographies, especially Western India, while scaling execution in both residential and commercial segments.' As part of its Western India strategy, the company acquired four marquee redevelopment projects in Mumbai—at Lokhandwala, Pali Hill, Breach Candy, and Thane—unlocking a combined Gross Development Value (GDV) of over Rs 9,500 crore. In March 2025, Puravankara launched 'Purva Panorama' in Thane, a flagship project with 3 million sq. ft. of development potential and an estimated GDV of Rs 4,000 crore. In North Bengaluru, the company entered into a joint venture with KVN Property Holdings LLP to develop a 24.59-acre land parcel at KIADB Hardware Park, with an estimated GDV of Rs 3,300 crore and a saleable area of 3.48 million sq. ft. Looking ahead, the group's launch pipeline spans 13.5 million sq. ft., backed by key regulatory approvals. Additionally, 2 million sq. ft. of Grade-A commercial space is expected to receive occupancy certificates in FY26, expanding annuity income visibility. Upcoming handovers in FY26 include projects such as Atmosphere, Oakshire, Capella (Bengaluru), and Adora De Goa, with a combined GDV of Rs 3,200 crore. As of March 31, 2025, Puravankara maintained a net debt of ₹2,949 crore, with a net debt-to-equity ratio of 1.70x and a weighted average cost of debt at 11.85%. The company's total estimated surplus stood at a strong Rs 15,949 crore—comprising Rs 8,505 crore from ongoing and completed projects, Rs 1,870 crore from commercial assets, and Rs 5,574 crore from its upcoming launch pipeline—underscoring the financial headroom to support future growth and execution.
NDTV
6 days ago
- Health
- NDTV
"Leading In Agriculture Development": PM Modi At Sikkim's 50th Statehood Day
Prime Minister Narendra Modi on Thursday called Sikkim a pride of the country and said the Centre seeks to make the northeastern state a global tourism destination. "In the coming years, India is poised to emerge as a global sports superpower. The Yuva Shakti of the Northeast and Sikkim will play a pivotal role in realising this dream," he said, as he addressed Sikkim's Golden Jubilee of Statehood celebration in Gangtok via videoconference. "Our dream is that Sikkim should become a Green Model State not only for India but for the entire world," he added, stressing the importance of boosting Sikkim's economy and shaping it into a "wellness state". PM Modi also said that "Sikkim is leading the way in a new wave of agricultural development". "The foundation of a developed India rests on four strong pillars - empowerment of the poor, farmers, women, and youth", he said, as he praised the state's farmers for their significant contribution to India's agricultural advancements. The Prime Minister noted that the famous Dalle Khorsani chilli from Sikkim was exported for the first time in March this year. The chillies are known for their very strong flavour and spice level. In the coming years, the Prime Minister remarked, many more products from Sikkim will be exported globally. He affirmed that the central government is working shoulder to shoulder with the state government to support these efforts. Stating that efforts to connect the capital cities of all northeastern states to the railway network are progressing rapidly, the Prime Minister underlined that the Sevoke-Rangpo rail line will integrate Sikkim into the national rail network. He emphasised that ropeways are being constructed as an alternative in areas where roads cannot be built. In the past decade, India has advanced with new resolutions with a key focus on enhancing healthcare, PM Modi said. He pointed out that over the last 10-11 years, large hospitals have been established in every state. A 500-bed hospital has been dedicated to the people of Sikkim to ensure quality healthcare for even the most underprivileged families. At the event, the Prime Minister also laid the foundation stone and inaugurated multiple development projects in Sikkim. These projects include a new district hospital worth over Rs 750 crore in Namchi; Passenger Ropeway at Sangachoeling, Pelling in Gyalshing District and the statue of Bharat Ratna Atal Bihari Vajpayee ji at Atal Amrit Udyan at Sangkhola in Gangtok District. Expressing gratitude to PM Modi, Sikkim Chief Minister Prem Singh Tamang said, "On the historic occasion of Sikkim's Golden Jubilee of Statehood, we had the honour of unveiling a Rs 50 silver coin and a special commemorative postage stamp in the esteemed virtual presence of Hon'ble Prime Minister Shri Narendra Modi Ji, who joined us today from Bagdogra." He added: "I sincerely thank Hon'ble Prime Minister Shri Narendra Modi Ji, for his thoughtful gesture in commemorating this milestone with the release of a Rs 50 silver coin and a special postage stamp. These symbols beautifully honour Sikkim's journey of integration, progress, and cultural pride."
