Latest news with #GulveenAulakh
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Business Standard
4 days ago
- Business
- Business Standard
'Business as usual': M&M to Dabur, Indian firms brush off Türkiye tensions
None of the Indian firms - including Jubilant FoodWorks, Mahindra & Mahindra, and Dabur India - responded to emailed requests for comment Sharleen Dsouza Gulveen Aulakh Dev Chatterjee Mumbai Listen to This Article Even as New Delhi turns up the heat on Turkish firms over Ankara's public embrace of Islamabad, Indian companies rooted in Türkiye are staying put. Mahindra & Mahindra (M&M), Dabur India, and Jubilant FoodWorks say it's business as usual, with no plans to alter course despite the geopolitical chill. Jubilant FoodWorks, which operates the Domino's Pizza franchise and its own coffee chain Coffy in Türkiye, said it remains committed to expansion. The company currently runs 746 Domino's outlets and 160 Coffy stores in the country, with plans to open 30 more Domino's and 50 Coffy locations, according to remarks made
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Business Standard
16-05-2025
- Business
- Business Standard
Affordable housing cap needs rethink, says Credai's Shekhar Patel
The Credai president said that while the size limits of 60 square meters for metro cities and 90 square meters for non-metro cities were generally acceptable, the price cap was deterring developers Gulveen Aulakh New Delhi Listen to This Article With escalating housing costs, the government should reconsider the ₹45 lakh cap defined by the government for affordable housing, which was last set in 2019, said Shekhar Patel, president of the Confederation of Real Estate Developers Associations of India (Credai). 'The ₹45 lakh home in 2019 has now become ₹75 lakh, according to the Reseve Bank of India's housing price index and other data that show that the costs have escalated. There should not be a price limit,' Patel, who is also the managing director of Ahmedabad-based Ganesh Housing Corporation, told Business Standard. The Credai president said that while the
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Business Standard
28-04-2025
- Business
- Business Standard
Viceroy Properties to enter commercial realty with Rs 1,600 crore plan
India's commercial leasing market has seen a high growth phase post Covid, with both office space and retail witnessing robust demand in 2024, which is expected to rise further in 2025 Gulveen Aulakh New Delhi Listen to This Article Mumbai-based Viceroy Properties will venture into commercial real estate development with an investment outlay of ₹1,600 crore in the next five years, Cyrus Mody, managing partner at the firm told Business Standard in an exclusive interaction. The development of 1.2 million square feet (mn sq ft) in area, including office and retail space will begin by the end of this year, in Mumbai, Mody said. 'We're planning a few commercial offices, built to lease. We think that there's a lot of up demand in the commercial sector,' he said, outlining the outlook of the commercial realty market.
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Business Standard
23-04-2025
- Business
- Business Standard
DS Group hits ₹10,000 cr revenue mark, sets sights on ₹20,000 cr by 2029
Group to spend Rs 1000 crore in hospitality, to set up 10-12 luxury hotels in 3-4 years Gulveen Aulakh New Delhi Listen to This Article Dharampal Satyapal Group (DS Group), the makers of Catch spices and Pass Pass mouth freshener, is now aiming to double its revenue to ₹20,000 crore by 2029, after hitting the ₹10,000 crore turnover mark in the financial year 2024-25 (FY25). At present, the home-grown conglomerate ranks among the top 15 FMCG companies in India, but it aims to be among the top 10 by 2029 -- when it completes 100 years of operations. 'We have achieved ₹10,000 crore revenue milestone in FY25. Looking ahead, we aspire to achieve the ₹20,000 crore milestone by our centenary year in 2029,' Rajiv Kumar,
