Latest news with #LiveEvents
Time of India
2 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.
Time of India
2 days ago
- Entertainment
- Time of India
'Not ashamed to admit THIS': Polish woman married to an Indian shares life in India; Internet user says, 'please return to Poland'
It's been two years since Agnes Mann , a Polish woman married to an Indian man, moved to India with her family. Now, she's sharing her honest thoughts about what life has really been like, and she's not holding back. In a humorous and heartfelt post, Agnes opened up about the highs and lows of adjusting to a completely different culture. 'No sugarcoating, just real talk' Agnes began her post with a clear message: 'Two years deep in India, and here's the honest truth. No sugarcoating, just real talk.' She mentioned still struggling with Hindi, missing her favourite Polish dishes, finding it hard to get used to 'Indian time', and dealing with frequent power cuts. View this post on Instagram A post shared by Agnes Mann | Mum Can Do It (@agnesmannyt) Alongside her message, she posted a video that showed snippets of her Indian journey, playing Holi, cooking, eating with her children, and travelling. The video started with a bold line: 'I've been living in India for 2 years & I'm not ashamed to admit THIS.' What she doesn't like In the video, Agnes shared some of the things she finds difficult about living in India. She mentioned how noisy it can get, the lack of Polish food, people often arriving late, and her frustration with not being able to speak the local language well. She also highlighted the issue of regular power outages, which many people in the comments could relate to. Live Events Online reaction: Supportive or offended? Agnes' post drew a lot of attention on social media, with mixed reactions. Some praised her honesty, while others didn't take kindly to her criticism. One person commented, 'India is the best place to live. I've travelled a lot and nothing compares.' Another said, 'If you're not happy, you can always go back.' One comment read, 'Please return to Poland, where you can do everything. I heard they don't treat brown-skinned people kindly there.' Another user questioned her move, saying, 'You left Poland for India?' with a facepalm emoji. Who is Agnes Mann? Agnes runs a YouTube channel where she shares glimpses of her life. According to her bio, she is originally from Poland and is married to a Punjabi man. The family used to live in the UK, but in March 2023, they moved to India to explore the country. She said they planned to travel around India for a year or two to see how it goes. Inputs from agencies
Forbes
3 days ago
- Business
- Forbes
HustleSasa's Reflections From NBA Africa's Triple-Double Accelerator, And The Road Ahead
HustleSasa Is A Pan African Commerce & Ticketing Platform for Sports & Entertainment In September, HustleSasa achieved a significant milestone by placing third in NBA Africa's inaugural Triple-Double Accelerator Program. This accomplishment was just one of many highlights for the company this year. Since then, HustleSasa has continued its upward trajectory, closing 2024 with over $4.5 million in transactions, more than 400,000 tickets issued, and over 1,800 live events powered. The platform has reached more than 150,000 unique buyers across the continent, accumulated 10 million+ page views, and provided over $200,000 in cash advances to event organisers. Clearly, HustleSasa is demonstrating the scale and demand for tech-enabled solutions within Africa's live entertainment economy. At its core, HustleSasa is driven by a team that merges expertise in infrastructure with a deep understanding of culture. Co-founder and CTO Michael Denuh is a seasoned full-stack developer with more than a decade of experience, having worked with companies like Echohouse, Jetstream, and Circa Tech. Co-founder and CEO Peng Chen is an entrepreneur educated at Wharton, with experience leading initiatives at Rocket Internet, Innosight, and the renowned creative space The Alchemist. The founding team also includes Sauti Sol, Grammy-winning musicians and entrepreneurs who bring valuable industry insight through their ventures such as Sauti Sol Entertainment and Sol Generation Records. In an interview with co-founders Michael Denuh and Peng Chen shared their insights from the Triple-Double Accelerator, their vision for HustleSasa's future growth, and how the program has helped them strengthen connections within Africa's creative and sports ecosystems. Together, they are building more than just a ticketing platform; they are creating a Pan-African engine for live entertainment that connects fans, empowers creators, and fuels the continent's creative economy from the ground up. 'For us, it has always been our goal to be Pan-African,' says co-founder Peng Chen. 'Culture and sports are two of the most powerful ways to expand into new markets; they are really two sides of the same coin. The NBA has done remarkable work across the continent, and participating in the Accelerator allowed us to connect with that ecosystem.' KIGALI, Rwanda - MAY 25: Obadiah Noel #1 of Armee Patriotique shoots a three point basket during ... More the game against the Nairobi City Thunder during the Nile Conference group play on May 25, 2025 at BK Arena in Kigali, Rwanda. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2025 NBAE (Photo by Theo Kine/NBAE via Getty Images) This vision is now central to HustleSasa's growth. With strong ties to the Basketball Africa League (BAL), the platform collaborates closely with DJs, event curators, and creatives associated with the league, including official partners. 'We're working with BAL-affiliated talent, DJs, event curators, and more. These relationships enhance and elevate each other.' This ecosystem-first approach is exactly what the Accelerator promotes: not just building companies but also fostering structural growth across Africa's creative and sporting industries. HustleSasa is making significant strides, integrating itself into the cultural landscape while scaling for a continental impact. The Triple-Double Accelerator provided more than just funding; it offered the opportunity to connect with some of the continent's most innovative thinkers. Co-founder Peng reflects, 'One of the most valuable takeaways was seeing what others are building across Africa. From digital platforms to AI and physical products, we realised that we're part of a much larger ecosystem, and no one is building this alone.' From left: NBA Deputy Commissioner and Chief Operating Officer Mark Tatum, Maged Farrag (UBR VR), ... More Peng Chen (HustleSasa), Yewande Akinse (Salubata), Folayemi Agusto (Festival Coins) and NBA Africa CEO Clare Akamanzi at the first 'NBA Africa Triple-Double Accelerator' Demo Day at NBA headquarters in New York. Among the fellow innovators were Festival Coins from Nigeria, creators of Tix Africa, a no-code event platform operating in Nigeria and Ghana; Salubata, a Nigerian startup that transforms plastic waste into modular shoes; and UBR VR, pioneers of immersive virtual reality experiences in Egypt. Also included was HustleSasa from Kenya, which provides a comprehensive suite of live event services, ranging from ticketing to influencer tracking. This aligns with the same challenges that Peng and Michael aimed to address. What united this cohort was a shared focus on infrastructure, data, and scalability. 'There were so many analytics-driven companies,' Peng adds. 'This highlighted that Africans are now building with data at the forefront, and that's changing how we all think about scale.' HustleSasa helps facilitate the ticketing for Strictly Soul, which hosts the biggest R&B party ... More across Africa While ticketing remains their primary focus, the co-founders are pursuing a broader vision of creating a vertically integrated platform that encompasses ticketing, financing, logistics, and ownership. "What really changed our mindset was realising the importance of being fully vertical," Peng explains. "While people come to us for ticketing, they soon need assistance with financing, promoters, logistics, and that's just the beginning." This strategy came to fruition with one of their most significant post-accelerator milestones, the East Side Tour, a regional concert series featuring artists from Mavin Records, the Nigerian powerhouse recently acquired by Universal Music Group in a deal valued in the tens of millions of dollars. "We were able to take some artists from Mavin Records across three countries in one weekend," Denuh shares. 'There was a show on Friday night in Nairobi, Saturday night in Kampala, and Sunday night in Dar es Salaam. We organised the entire trip, from start to finish, with our partners.' More than just a tour, the East Side Tour served as a blueprint for regional touring in Africa, a replicable, scalable model that can be adapted for other regions and genres. It demonstrated what is possible when creators have access to a reliable Pan-African operations partner. Now, the company is expanding further into sports asset ownership. With the launch of ANZA MMA, they will host Kenya's first licensed amateur MMA event this June. Sanctioned by the Kenya Oriental Combat Sports Federation, ANZA MMA will be the first licensed platform for both amateur and professional MMA in the country. "We don't just want to own ticketing," Peng says. "We want to own our own sports assets as well." DIAMNIADIO, SENEGAL - APRIL 24: A view of the BAL Logo during the game between ASC Ville de Dakar ... More and U.S. Monastir during the Sahara Conference Group on April 24, 2025 at Dakar Arena in Diamniadia, Senegal. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2025 NBAE (Photo by Armand Lenoir/NBAE via Getty Images) NBA Africa's involvement has not diminished since the launch of the accelerator; in fact, it has intensified. Recently, HustleSasa was invited to present at the BAL Innovation Summit, the league's premier event that brings together leaders in sports, policy, investment, and culture. 'There has been ongoing feedback and communication,' the team explains. 'We met with the NBA offices in Kenya, and later we were invited to present at the BAL Innovation Summit. This demonstrates their commitment to showcasing the talent and potential within Africa's startup sector.' This invitation signals alignment with a larger vision: to build long-term, interconnected ecosystems across the continent. Through these continuous engagements, the team is gaining strategic visibility and connecting with a network of supporters who recognise the powerful intersection of sports, entertainment, entrepreneurship, and policy. HustleSasa is preparing for its next major leap: the launch of a Pan-African marketplace app that will allow consumers across the continent to purchase tickets seamlessly, regardless of geography or currency. At the same time, the team is expanding operations into South Africa, one of Africa's most influential creative and cultural hubs. 'When you work with top-tier event creators in one market, the next step is helping them grow across borders and to do that, we can't just be a ticketing platform. We need to be their strategic partner, offering finance, ops, and scale," says Peng. "So we're super excited to help tie in that web, if you will, and help kind of lead that around the continent.' This vision reflects a broader trend in how African startups are evolving. HustleSasa's transformation from a Nairobi-based ticketing tool to a continental infrastructure platform signifies a deeper mission: to build systems, not just services. With every event they support, Peng and Michael are not only facilitating experiences but also laying the groundwork for a more connected, investable, and creator-led future.
Time of India
3 days ago
- Business
- Time of India
Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate
The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump's trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate. First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed massive import taxes. The January-March drop in gross domestic product - the nation's output of goods and services - reversed a 2.4% gain in the fourth quarter of 2024. Imports grew at a 42.6% pace, fastest since third-quarter 2020, and shaved more than 5 percentage points off GDP growth. Consumer spending also slowed sharply. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pune: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Trade deficits reduce GDP. But that's mainly a matter of mathematics. GDP is supposed to count only what's produced domestically. So imports - which the government counts as consumer spending in the GDP report when you buy, say, Costa Rican coffee - have to be subtracted out to keep them from artificially inflating domestic production. The first-quarter import surge likely won't be repeated in the April-June quarter and therefore shouldn't weigh on GDP. Live Events Thursday's report was the second of three Commerce Department estimates of first-quarter GDP. The final version comes out June 26.
Time of India
4 days ago
- Politics
- Time of India
Who is Jeanine Pirro, the U.S. interim attorney for Washington, D.C., whom Trump heaped praise on?
Jeanine Pirro , a former Fox News host and long-time lawyer, is now the acting U.S. attorney for Washington, D.C. Her sudden switch from TV to public service has gotten a lot of attention. Why was Jeanine Pirro appointed now? At a ceremony held in the Oval Office on Wednesday, Jeanine Pirro sworn in as the interim U.S. attorney for Washington, D.C. after Ed Martin stepped down. Alongside President Donald Trump, U.S. Attorney General Pam Bondi administered the oath. She made bold statements about being tough on crime. Known for her legal and media careers, Pirro pledged zero tolerance for criminals after a deadly antisemitic attack in D.C. 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The co-host of "The Five" was appointed to her new position by Donald Trump earlier this month. President Trump said that her appointment was a good thing and that she would be a strong voice for safety and justice. Prior to Pirro's swearing-in, the president praised her career in the legal and media fields. ALSO READ: France's first couple Emmanuel Macron and his wife Brigitte in an apparent marital dispute, claims report Live Events What's her background in law and media? Jeanine Pirro worked as the assistant district attorney and district attorney in Westchester County, New York, and made history as the first woman to serve as a judge in Westchester County Court. She became part of Fox News Channel in 2006 and hosted "Justice with Judge Jeanine" for 11 years before moving on to "The Five," which has become the most-watched show on cable news. What did she say during her swearing-in? Following the oath, Pirro stated, "We need to send a message that justice will be honored in the District of Columbia." "My voice should be heard loud and clear: No more. No more tolerance of hatred. No more mercy for criminals." "Violence will be addressed directly with the appropriate punishment, and this city will again become a shining city on a hill in an America that President Trump has promised to make great again and will make safe again," Pirro stated, as quoted in a report by Fox News. Pirro commented on the recent tragic incident involving the murder of two Israeli embassy staffers on the streets of Washington during her address. She promised that justice would be served for the "cold blooded murderer" who was responsible. At a press conference on Thursday, Jeanine Pirro, the interim U.S. attorney for the District of Washington, announced charges against a man who is suspected of shooting two Israeli embassy employees in Washington, D.C., on Wednesday night. FAQs Who is Jeanine Pirro? ? She is a former judge, prosecutor, and Fox News host who is now the interim United States Attorney for the District of Columbia. Why did Donald Trump praise Pirro? Donald Trump admires her tough stance on crime and strong media presence, referring to her as a "voice for justice."
