Latest news with #LloydsGroup
Economic Times
18-07-2025
- Business
- Economic Times
Lloyds' promoter family buys luxury apartments in south Mumbai's Altamount Road for Rs 227 crore
Synopsis Ravi Agarwal and his family, part of the Lloyds Group promoters, have acquired six sea-view luxury apartments in Mumbai's Kalpataru Prive for over Rs 227 crore. The deal, valued at Rs 1.27 lakh per sq ft, includes a seven-bedroom duplex and 24 car parking slots. This transaction reaffirms Altamount Road's status as a prime residential location. Ravi Agarwal (Image courtesy: Lloyds) Ravi Agarwal, part of the Lloyds Group promoters, and his family have acquired six sea-view super-luxury apartments including a seven-bedroom duplex in a residential tower Kalpataru Prive on south Mumbai's Altamount Road, for over Rs 227 family has acquired apartments spread across nearly 18,000 sq ft spanning the 18th to 23rd floors of the under-construction premium tower and is valued at Rs 1.27 lakh per sq ft making it rank among the most expensive and the largest residential transactions in the country this buyers have paid total stamp duty worth nearly Rs 13.29 crore for the registration of these transactions that took place on July 11. The deals will also provide the family exclusive access to 24 car parking slots in the tower, shows the registration documents accessed through deal reaffirms Altamount Road's status as one of India's most expensive and exclusive residential micro-markets and a neighbourhood long associated with India's wealthiest industrialists and business Road has long served as home to industrial and corporate dynasties, top bureaucrats, elite families, and international consulates, earning its iconic nickname Billionaires' Row. In addition to being part of the Lloyds Group promoter family, Ravi Agarwal is Chairman of Lloyd Realty, the real estate arm of the diversified group, which has interests spanning steel, manufacturing, and separate email queries to the Lloyds Group and the project's developer Kalpataru remained unanswered until the time of going to this is among the largest transactions this year, Mumbai has also witnessed larger record-setting residential deals in 2025, including USV Pharmaceuticals' Leena Gandhi Tewari's Rs 639 crore Worli duplex purchase and Uday Kotak's over Rs 400 crore acquisition of sea-facing apartments recently. Mumbai continues to dominate the country's real estate market maintaining its streak of record-breaking transactions backed by unwavering demand from buyers despite steady growth in property prices and the government's recently announced hike in ready reckoner (RR) rates from April and Central Mumbai--home to India's costliest residences--have been at the forefront of this boom, attracting a string of high-value deals involving industrialists, senior corporate leaders, film stars, and sports icons in recent years.
Time of India
18-07-2025
- Business
- Time of India
Lloyds' promoter family buys luxury apartments in south Mumbai's Altamount Road for Rs 227 crore
Ravi Agarwal, part of the Lloyds Group promoters , and his family have acquired six sea-view super-luxury apartments including a seven-bedroom duplex in a residential tower Kalpataru Prive on south Mumbai's Altamount Road, for over Rs 227 crore. The family has acquired apartments spread across nearly 18,000 sq ft spanning the 18th to 23rd floors of the under-construction premium tower and is valued at Rs 1.27 lakh per sq ft making it rank among the most expensive and the largest residential transactions in the country this year. Explore courses from Top Institutes in Select a Course Category Data Analytics healthcare Technology Finance Operations Management Data Science Others Public Policy Healthcare Degree MCA Cybersecurity Data Science Artificial Intelligence Digital Marketing others Design Thinking Leadership Project Management PGDM Management Product Management MBA CXO Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The buyers have paid total stamp duty worth nearly Rs 13.29 crore for the registration of these transactions that took place on July 11. The deals will also provide the family exclusive access to 24 car parking slots in the tower, shows the registration documents accessed through The deal reaffirms Altamount Road's status as one of India's most expensive and exclusive residential micro-markets and a neighbourhood long associated with India's wealthiest industrialists and business leaders. Altamount Road has long served as home to industrial and corporate dynasties, top bureaucrats, elite families, and international consulates, earning its iconic nickname Billionaires' Row. Live Events In addition to being part of the Lloyds Group promoter family, Ravi Agarwal is Chairman of Lloyd Realty, the real estate arm of the diversified group, which has interests spanning steel, manufacturing, and infrastructure. ET's separate email queries to the Lloyds Group and the project's developer Kalpataru remained unanswered until the time of going to press. While this is among the largest transactions this year, Mumbai has also witnessed larger record-setting residential deals in 2025, including USV Pharmaceuticals' Leena Gandhi Tewari's Rs 639 crore Worli duplex purchase and Uday Kotak's over Rs 400 crore acquisition of sea-facing apartments recently. Mumbai continues to dominate the country's real estate market maintaining its streak of record-breaking transactions backed by unwavering demand from buyers despite steady growth in property prices and the government's recently announced hike in ready reckoner (RR) rates from April 1. South and Central Mumbai--home to India's costliest residences--have been at the forefront of this boom, attracting a string of high-value deals involving industrialists, senior corporate leaders, film stars, and sports icons in recent years.
The Sun
09-07-2025
- Business
- The Sun
Major bank with 28million customers to shut 10 branches this month – full list of locations
A MAJOR UK bank that serves 28 million customers around the country is set to shut ten of its branches this month. Those impacted are encouraged to look into other suitable banking options, such as setting up online or telephone banking. 1 Lloyds banking group has also announced plans to close down 254 of its branches for good this year. Branches that are closing Lloyds bank is set to close 116 of its branches over the next two years. Halifax plans to shut down 107 over the same period. Meanwhile, the Bank of Scotland is expected to shutter 31 branches. Over the month of July, closures of Lloyds groups banks are in: Alcester (July 2) Ashbourne (July 8) Fakenham (July 15) Firth Park Sheffield (July 10) Sherborne (July 7) Spennymoor Cheapside (July 10) Stanley (July 17) Wadebridge (July 1) Warwick (July 15) Woodbridge (July 16) Next month, closure of the Crossgates Leeds branch is expected on August 20. And in September, the Leeds Amrley, Monmouth, Station Lane Hornchurch, and Thetford banks are set to close. Why banks are closing The closures follow reviews of different Lloyds, Halifax and Bank of Scotland branches, which are all part of the Lloyds banking group. They have claimed customers are moving away from banking in person to using more mobile services, as the reason behind the shutting of branches. Bank of Scotland to Close 22 Branches: A Digital Transformation The Lloyds Group is not the only banking giant that is planning mass closures of its physical sites. Just last month, NatWest closed down 20 of its branches across the UK. In the last decade, this has added up to a total of 1,431 branch closures from the NatWest Group, which includes NatWest, Royal Bank of Scotland and Ulster Bank. Barclays has seen the biggest reduction in its network as an individual bank over this period, with 1,236 branches now closed. It comes, however, as research shows 39 per cent of people aged over 65 do not use online banking. Closures of high street banks is therefore putting them at high risk of financial exclusion. What to do if your branch closes Staff at Lloyds banks are expected to provide support to customers to get them started on the company's Mobile Banking app and Internet Banking. There are also alternative Lloyds Bank Branches, Post Office, cash machines (ATMs) and other ways to pay in or withdraw cash that can be sought. Banking Hubs are planned for areas to help with everyday banker. Lloyds bank also provides a Community Banker to visit areas where branches are closing, who can provide help and support around account enquiries. What services do banking hubs offer? BANKING hubs offer a range of services to bridge the gap left by the closure of local branches. Operated by the Post Office, these hubs allow customers to perform routine transactions such as deposits, withdrawals, and balance enquiries. Each hub features private booths where customers can discuss more complex banking matters with staff from their respective banks. Staff from different banks are available on a rotational basis, ensuring that customers have access to a wide range of banking services throughout the week. Additionally, customers can receive advice and support on various financial products and services, including loans, mortgages, and savings accounts.
Business Standard
09-05-2025
- Business
- Business Standard
Lloyd Ent slips after Q4 PAT drops 46% YoY to Rs 24 cr
Lloyd Enterprises declined 3.20% to Rs 47.16 after the company's consolidated net profit tumbled 46.22% to Rs 24.55 crore in Q4 FY25 as compared with Rs 45.65 crore in Q4 FY24. Revenue from operations jumped 46.63% to Rs 489.32 crore during the quarter ended 31st March 2025. Profit before tax (PBT) fell 29.19% YoY to Rs 41.85 crore in Q4 FY25. Total expenses climbed 49.94% to Rs 484.81 crore in Q4 FY25 as compared with Rs 323.33 crore in Q4 FY24. Cost of material consumed stood at Rs 110.61 crore (up 110.13% YoY), employee benefit expenses was at Rs 22.28 crore (up 39.95% YoY), finance cost was at Rs 17.02 crore (up 738.42% YoY) during the period under review. Meanwhile, the companys board recommended a final dividend of Rs 0.10 paisa per equity share having face value of Re 1 each for FY25, subject to the shareholders approval at the ensuing annual general meeting (AGM). Lloyd Enterprises is a member of the Lloyds Group, the company is engaged in business activities of trading in Iron & Steel products and Investments.
