Latest news with #Prestige
NDTV
12 hours ago
- Automotive
- NDTV
Hyundai Alcazar Gets New Diesel And Petrol Automatic Variants; Check Prices
Hyundai Motor India Limited (HMIL) has expanded the variant lineup of its premium SUV, Alcazar, with the introduction of new variants. Specifically, the brand has introduced a new Corporate variant for the diesel powertrain, along with features like a voice-enabled smart sunroof. As per an announcement by the South Korean automaker, its variant will have a diesel engine with six-speed manual and six-speed automatic transmission options. The diesel-powered Alcazar Corporate with MT and seven-seat configuration will be sold at Rs 17.86 lakh (ex-showroom), while the automatic variant comes at Rs 19.28 lakh (ex-showroom). With this price, the Corporate variant is placed between the Prestige and Platinum variants with diesel and a six-speed MT. Additionally, the brand has introduced the petrol engine with a DCT in the Prestige variant. This variant will have a price tag of Rs 18.63 lakh (ex-showroom). Also Read: Tata Gets These Features Over Mahindra BE 6 The Hyundai Alcazar Corporate and Prestige variants get quad-beam LED headlamps, sequential LED turn indicators, 17-inch alloy wheels, and roof rails on the outside. Meanwhile, the list of features includes elements like a 10.25-inch infotainment system with wireless Apple CarPlay and Android Auto, smart key with push button start, ambient lighting, dual zone automatic climate control, and more. For safety, the SUV gets six airbags, ESC, HAC, and vehicle stability management. The 1.5-litre four-cylinder diesel engine employed on the SUV is tuned to produce 114 hp of power and 250 Nm of peak torque. Meanwhile, the 1.5-litre turbo petrol engine kicks out 157 hp of power and 253 Nm of peak torque. Commenting on the introduction of new variants, Tarun Garg, Whole-Time Director and Chief Operating Officer, Hyundai Motor India Limited, said, 'At Hyundai Motor India Limited, we are continuously listening to customer feedback and evolving our product offerings to meet their aspirations. The introduction of the Corporate variant in ALCAZAR Diesel with a voice enabled smart panoramic sunroof and the inclusion of DCT in the Prestige Petrol variant reflects our commitment to providing a more personalized and premium SUV experience. With these updates, we aim to offer more choice and delight to our customers who seek performance, technology, and sophistication in their vehicles.'
Mint
2 days ago
- Business
- Mint
Prestige Estates makes room for a better FY26 as approval delays ease
Prestige Estates Projects Ltd put up a decent show in the March quarter (Q4FY25) with pre-sales or bookings at ₹6,957 crore, up 48% year-on-year. Last quarter, it launched 14.03 million square feet (msf) spanning four projects: Prestige Suncrest and Prestige Southern Star-Ph 1 in Bengaluru, Prestige Nautilus in Mumbai, and Prestige Spring Heights in Hyderabad. Also Read | Prestige Estates gears up for big launches in H2, but timely approvals are key However, Prestige still missed its full-year FY25 pre-sales target. Bookings declined 19% year-on-year to ₹17,023 crore in FY25, below the guided ₹24,000 crore. Lack of adequate new project launches due to approval delays was a dampener for Prestige during a large part of the financial year. Launches fell to 26msf in FY25 from 40msf in FY24, and project completions were tepid as well. Prestige's lacklustre performance comes at a time when other key listed developers such asGodrej Properties Ltd andMacrotech Developers Ltd (Lodha) surpassed their respective guidance, clocking impressive FY25 pre-sales. Prestige's management is upbeat on its FY26 prospects as approvals have begun to fall in place. The company has entered FY26 with the launch of its much-awaited Indirapuram project in the National Capital Region, which has already clocked pre-sales ₹6,500 crore. It also launched 'Prestige Gardenia Estates' in Bengaluru. The company has a strong launch pipeline with projects worth gross development value or revenue potential of around ₹42,000 crore in FY26. Plus, it has unsold inventory worth nearly ₹20,000 crore. This has led the management to guide for pre-sales of ₹27,000 crore, which is around 60% more than the pre-sales achieved in FY25. In fact, pre-sales of ₹12,000-13,000 crore are expected in Q1FY26 itself. Also Read | A lost quarter: Prestige Estates' slow start leaves it a lot to catch up Major projects lined up for FY26 are Prestige Falcon City Luxe, Prestige Raintree Park in Bengaluru; Prestige Pallavaram Gardens in Chennai; Prestige Rock Cliff in Hyderabad; and Prestige Forest Hills Mulund—Phase II in Mumbai. Overall, an improvement in project completions and new launches should drive pre-sales growth in FY26, thus aiding collections, which were muted in FY25. On the commercial side, its office portfolio exited FY25 with an occupancy of 90%. The upcoming commercial offices in BKC are likely to be completed by 2028 and pre-leasing has already started here, the management said. The upcoming office space at Delhi Airport is alreadycommitted and leased. Prestige plans to hand it over by FY26-end. The retail portfolio saw 99% occupancy levels in FY25. For its hospitality business, Prestige has filed the draft red herring prospectus for initial public offering (IPO). Also Read | Prestige Estates set for tightrope walk Prestige is aggressively building up its annuity portfolio and has huge capital expenditure plans with increased thrust on acquiring land for project development. Consequently, debt is inching higher and is likely to stay elevated. Net debt rose to ₹6,716 crore at Q4 FY25-end, from ₹5,960 crore in Q3 FY25, taking the net debt-to-equity metric to 0.42x from 0.37x during this time. 'Net gearing is at 0.42x, manageable, though with a large ongoing capex program (around ₹3,000-3,500 crore annual spends), alongside development business land capex ( ₹4,000-4,500 crore); we believe net debt should still rise by around ₹3,000-4,000 crore in FY26," said Jefferies India report dated 30 May. Year-on-year, Prestige's debt declined, aided by the ₹5,000 crore QIP (qualified institutional placement) issue of the company in 2024. For the Prestige stock that has been under pressure lately, the trajectory of debt remains a key monitorable. The shares have declined by 13% so far in 2025, more than the drop in the Nifty Realty index. A meaningful improvement in pre-sales is crucial in FY26 to reverse the stock's recent underperformance.
Business Upturn
6 days ago
- Business
- Business Upturn
Prestige Estates shares surge over 3% after completing three landmark projects in Mumbai
By Aman Shukla Published on May 29, 2025, 10:00 IST Prestige Estates' shares jumped over 3% in morning trade following the successful completion and inauguration of its first three major projects in Mumbai: Siesta at The Prestige City, Mulund; Prestige Jasdan Classic, Mahalaxmi; and Prestige Turf Tower, Mahalaxmi. These developments cover a vast 2.8 million square feet, marking Prestige Group's strong debut in Mumbai since its 2022 launch. The Group plans to hand over nearly 700 premium residential units and 130 office spaces soon, reinforcing its reputation for timely delivery and high-quality construction. Siesta at The Prestige City, Mulund, is a premium 54-storey residential tower featuring 462 sky-lounge apartments and a multi-level clubhouse with extensive lifestyle amenities. Prestige Jasdan Classic, located in the prime Mahalaxmi area, offers 233 luxury residences in a 45-storey boutique tower with facilities like a swimming pool, gym, badminton and squash courts, and a banquet hall. Additionally, Prestige Turf Tower is a Grade A commercial building overlooking the Mahalaxmi Race Course, expanding Prestige's presence in Mumbai's commercial real estate market. Prestige Estates' shares opened at ₹1,476.00, and, at the time of writing, reached a high of ₹1,508.90 and a low of ₹1,472.00 during the trading session. The stock remains below its 52-week high of ₹2,074.80 but well above the 52-week low of ₹1,048.05. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Identity
18-05-2025
- Entertainment
- Identity
Being Open to Criticism Never Diminishes Your Worth
It's hard to get everyone to agree on one person or one opinion. It's like trying to sort everyone's feedback into two categories, when in reality, most opinions fall somewhere in between. If there's one area where this really shows, it's entertainment in all its forms, whether it's a movie, a series, or even the actors themselves. It's never easy for an actor or director to face divided opinions about something they poured their heart and energy into. After investing so much effort to bring a project to life, criticism, especially when it feels more like an attack, can hit hard. Unfortunately, this can become a breaking point for many artists who struggle to accept the feedback, especially when it comes not only from the public but sometimes even from within the industry itself. However, it seems like Amr Salama is shifting the narrative when it comes to handling criticism. After the release of his latest series, 'Prestige,' the feedback was loud and mixed, and some viewers expressed a fair share of negative reactions, but Amr chose a different response. In a public statement, he openly acknowledged and accepted the valid criticism, setting an example of maturity and professionalism, where he highlighted that the ultimate goal for every artist is to entertain the audience. Being open to feedback is not optional but essential. Success is often tied to the time and effort you invest but also to the understanding that everything, even criticism, can play a constructive role in helping you improve and reach new heights. If there's one lesson to take from this, it's that criticism never takes away from your credit or worth. There's always room to learn, grow, and even reshape the narrative in your favor, as long as you don't let your personal ego get in the way of your path forward. Do you agree?
CNET
15-05-2025
- Business
- CNET
Don't Let a Flight Delay Leave You Stranded. Here's How You Can Get Airport Lounge Access — Free
Getty Images/CNET Between delays, cancellations and outages, air travel can be a bit unpredictable -- and stressful. However, airport lounges can provide a place to rest, whether you have downtime between flights or are doing an extended airport stint because of a delay. And you don't always have to pay an arm and a leg to get in. When I left my job as a full-time personal finance editor last year to travel the world, I quickly discovered that airport lounge access isn't as expensive as you might think. You can typically snag a day pass for about $35 to $75. But with the right credit card, you might even be able to snag Priority Pass lounge access for free. Priority Pass membership can get you access to a network of more than 1,600 airport lounges and experiences worldwide. Here's how you can get Priority Pass airport lounge access affordably and in some cases, at no extra cost. Read more: Breeze Through Airport Security. These Credit Cards Offer TSA PreCheck for Free How much does Priority Pass cost? The prices for an annual Priority Pass membership range from $99 for the Standard plan (with a $35 charge for each lounge visit) to $469 for the Prestige plan (with unlimited complimentary visits). If you only plan to visit a lounge once or twice a year, paying for a day pass or the standard plan is your best bet. If you're taking more frequent trips, you'll want a plan that gives you unlimited access. Luckily, there's a cheaper way to get it than purchasing the Prestige plan directly from Priority Pass: credit cards. Popular credit cards that offer Priority Pass Several premium travel credit cards offer cardholders (and sometimes authorized users) complimentary Priority Pass Select membership, which grants unlimited lounge visits just like the Prestige plan. Because the Prestige plan costs $469 annually, any credit card with an annual fee below that amount is already a better deal, even before you consider the card's other benefits. Some of the most popular travel cards people turn to for Priority Pass include: Capital One Venture X Rewards Credit Card* with a $395 annual fee Chase Sapphire Reserve®* with a $550 annual fee The Platinum Card® from American Express with a $695 annual fee (see rates and fees) Bank of America Premium Rewards Elite Credit Card* with a $550 annual fee Several business cards and hotel or airline co-branded cards also offer Priority Pass, but those cards appeal to a narrower audience and aren't significantly cheaper than the options above. What's the cheapest way to get Priority Pass airport lounge access? Looking at the four cards above, there's a clear standout: the Capital One Venture X has the lowest annual fee, at $395. Capital One also lets you add up to four authorized users, who all get their own Priority Pass membership at no additional charge. Clearly, the Venture X is the winner, right? Well, that depends. If you're not going to use the card for any other travel benefits, then maybe. If you're traveling often enough to want a Priority Pass membership, there are other factors to consider. In addition to offering Priority Pass, the four cards above come with a litany of benefits, including statement credits that offer quantifiable cash value. If you use these credits to offset purchases you were going to make through normal spending, they can help lower the card's annual fees significantly. Let's take a look at the value you can get from each card's statement credits and effective annual fees if you use all of them. For ease of comparison, I'm only counting credits that have a defined cash value attached and don't come with complicated restrictions. Some credits aren't available every year so the calculations below reflect each card's first-year value. Priority pass credit card values undefined Card name Annual fee Total cash value of credits and benefits Effective annual fee *Capital One Venture X $395 $420 -$25 Chase Sapphire Reserve $550 $755 -$205 The Platinum Card from American Express $695 $1,294 -$599 Bank of America Premium Rewards Elite Credit Card $550 $550 $0 Notice a trend? If you can maximize all the credits without overspending, these cards are effectively free and you might even come out on top. Of the four cards above, the Amex Platinum technically has the lowest effective annual fee, at -$599. The Platinum's credits are split into many different parts, some of which may be harder to maximize than others. Among the options listed, it's also the card with the highest actual annual fee, meaning it requires the largest upfront investment with no guarantee you'll be able to "earn" it back. How to get Priority Pass at the best value For most people, the Venture X card will provide the best balance between minimizing the effective annual fee and ease of using the credits. The card only has two credits, one for TSA PreCheck/Global Entry and one for the Capital One Travel Portal, which offers a large selection of flights, hotels and rental cars. I didn't factor each card's rewards into the calculations above but it's worth noting that the Venture X card offers a 10,000-mile anniversary bonus each year after the first (worth $100 if redeemed as a statement credit toward travel). This bonus, combined with the $300 annual travel credit, keeps the card's effective annual fee negative even in years without the TSA PreCheck/Global Entry credit. If you can use all of the travel credits, the Amex Platinum might be a more rewarding way to enjoy airport lounge access with other perks to boot. The credit card that offers Priority Pass free If you'll be making four or fewer trips in a year, there's another lesser-known card that could get you a Priority Pass membership for no annual fee: the U.S. Bank Altitude® Connect Visa Signature® Card*. The card got an upgrade in September that changed some of its rewards and benefits and removed its previous $95 annual fee. Despite the annual fee elimination, the card kept its Priority Pass and TSA PreCheck/Global Entry credit benefits, essentially giving the card a few premium card perks for the price of a no-annual-fee card. So what's the catch? You'll only get four complimentary lounge visits per year with Altitude Connect's Priority Pass membership. Any guest you bring also counts against the four-visit allowance. That might not be enough to tempt frequent travelers but it's perfect for occasional travelers or anyone curious about airport lounges who doesn't want to commit to an annual fee card. Do you need airport lounge access? You don't need airport lounge access to enjoy traveling. You might learn, like I did, that this particular perk isn't always as glamorous as it seems. If you're in and out of airports often, lounge access could elevate your travel experience. If you're new to airport lounges, I don't recommend springing for unlimited lounge access until you've decided that it's an experience you value. Investing a few hundred dollars or opening a credit card -- which can have larger implications on your credit score and overall finances -- isn't a decision you should make lightly. If you're on the fence, buy a day pass and try it out with no commitment. After testing the waters, if you plan to visit lounges frequently, it's smart to find a credit card that aligns with your travel goals. For most travelers, the Capital One Venture X will be the best pick. For more frequent trips, the American Express Platinum can give you the best bang for your buck. As for me, if I decide I want lounge access again, I'd turn to the U.S. Bank Altitude® Connect Visa Signature® Card. With no annual fee, airport lounge access feels like a nice perk, rather than a benefit I'd feel forced to use each time I fly to get my money's worth. Full list of credits compared in the table above: Capital One Venture: $300 annual travel credit through Capital One Travel Up to $120 credit for Global Entry or TSA PreCheck fee every four years Chase Sapphire Reserve: $300 annual travel credit for any travel purchase charged to the card Up to $100 credit for Global Entry, TSA PreCheck or NEXUS fee every four years Complimentary DashPass for one year when you activate by Dec. 31, 2027 ($96 retail value through DoorDash) $5 monthly DoorDash credit ($60 annually) Complimentary Lyft Pink All Access membership for two years when you activate by Dec. 31, 2024 ($199/year retail value through Lyft) The Platinum Card from American Express: Up to $200 annual credit for select prepaid hotel bookings through American Express Travel® Up to $20 monthly credit for select digital entertainment subscriptions (Up to $240 annually) Up to $12.95 monthly Walmart+ credit ($155 annually) $15 monthly Uber Cash for US rides, plus a bonus $20 in December (Up to $200 annually) $Up to 200 annual credit for airline incidental fees from one qualifying airline of your choosing Up to $50 semi-annual credit for Saks Fifth Avenue ($100 annually) Up to $199 annual credit for a CLEAR® Plus membership Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit to learn more. Bank of America Premium Rewards Elite Credit Card: $300 annual credit for qualifying airline incidental purchases $150 annual credit for qualifying purchases of video streaming services, food delivery, fitness subscriptions and rideshare services Up to $100 credit for TSA PreCheck or Global Entry every four years *All information about the Bank of America Premium Rewards Elite Credit Card, the Capital One Venture X Rewards Credit Card, the Chase Sapphire Reserve and the U.S. Bank Altitude® Connect Visa Signature® Card has been collected independently by CNET and has not been reviewed by the issuer. For rates and fees of The Platinum Card from American Express, click here.
