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Business Standard
24-06-2025
- Business
- Business Standard
TVS Emerald secures new land parcel in Bengaluru; eyes ₹700 crore revenue
TVS Emerald, a prominent real estate developer, has announced the acquisition of a premium 7.18-acre land parcel in Rayasandra, Bengaluru, with a project revenue potential of over ₹700 crore. This strategic acquisition underscores the company's commitment to expanding its presence in the city's robust real estate market. The newly acquired site is located near Rayasandra Lake and sits at the heart of one of Bengaluru's well-established residential micro-markets. The location offers excellent connectivity to major IT hubs, educational institutions and commercial centres, making it an attractive proposition for a premium residential development. This acquisition marks TVS Emerald's seventh significant deal in Bengaluru, reaffirming the company's confidence in the city's real estate growth potential. Rayasandra deal to deepen Bengaluru presence "We look forward to increasing our presence in Bengaluru with this strategic acquisition in Rayasandra," said Sriram Iyer, director and chief executive officer, TVS Emerald. "This site presents an excellent opportunity to develop a premium residential project, given its superior location within an established residential micro-market." TVS Emerald's growth in Chennai and Bengaluru TVS Emerald is engaged in developing residential projects and self-sustaining communities, with a presence in Chennai and Bengaluru. The company has delivered 5.4 million square feet of residential developments in Chennai and has 8.9 million sq. ft. of projects under development. App aims to transform homebuyer experience Earlier this year, the company launched TVS Emerald Connect, a mobile application designed to enhance the homeownership experience by integrating all property-related services into a single platform. Currently available for Android users, with an iOS version forthcoming, the app is positioned as a comprehensive solution for homebuyers. TVS Emerald Connect allows users to access payment receipts, track construction progress, and receive timely updates. It includes a refer-a-friend feature offering exclusive rewards, and provides access to deals and offers across TVS Emerald properties. The app also acts as a central repository for all property-related documents and allows users to raise and track service requests post-booking. It offers quick access to payment schedules and instalment plans via a user-friendly interface. 'This app is not just a platform; it's a commitment to our customers, ensuring they have complete control over their home-buying experience, from booking to handover, at their fingertips. By leveraging our legacy of trust, value and service, we aim to set new benchmarks in customer engagement and satisfaction, making the dream of owning a home a more transparent and fulfilling reality," Iyer said.
Hans India
13-06-2025
- Business
- Hans India
Gold jumps Rs 850; silver slips Rs 100
New Delhi: Gold prices jumped Rs850 to Rs99,340 per 10 grams in the national capital on Thursday amid a rise in precious metal prices in the overseas markets, according to the All India Sarafa yellow metal of 99.5 per cent purity climbed Rs800 to Rs98,800 per 10 grams . However, silver prices went lower by Rs100 to Rs1,07,000 per kilogram on Thursday. The most traded gold contracts for August delivery bounced by Rs1,585 to trade at Rs98,289 per 10 grams. Subsequently, the contracts for October delivery rallied Rs1,520 to Rs99,214 per 10 grams on the Multi Commodity Exchange (MCX). 'Gold prices surged higher on Thursday as escalating US-Iran tensions reignited safe-haven demand and weaker-than-expected US inflation data bolstered bets of interest rate cuts from the Federal Reserve,' Sriram Iyer, Senior Research Analyst at Reliance Securities, said. Meanwhile, spot gold increased by $15.74 per ounce or 0.47 per cent to $3,370.87 per ounce in the international markets.
The Print
12-06-2025
- Business
- The Print
Gold jumps Rs 850 to Rs 99,340/10 g; silver slips Rs 100
However, silver prices went lower by Rs 100 to Rs 1,07,000 per kilogram (inclusive of all taxes) on Thursday. The yellow metal of 99.5 per cent purity climbed Rs 800 to Rs 98,800 per 10 grams (inclusive of all taxes). New Delhi, Jun 12 (PTI) Gold prices jumped Rs 850 to Rs 99,340 per 10 grams in the national capital on Thursday amid a rise in precious metal prices in the overseas markets, according to the All India Sarafa Association. The most traded gold contracts for August delivery bounced by Rs 1,585 to trade at Rs 98,289 per 10 grams. Subsequently, the contracts for October delivery rallied Rs 1,520 to Rs 99,214 per 10 grams on the Multi Commodity Exchange (MCX). 'Gold prices surged higher on Thursday as escalating US-Iran tensions reignited safe-haven demand and weaker-than-expected US inflation data bolstered bets of interest rate cuts from the Federal Reserve,' Sriram Iyer, Senior Research Analyst at Reliance Securities, said. Meanwhile, spot gold increased by USD 15.74 per ounce or 0.47 per cent to USD 3,370.87 per ounce in the international markets. 'Gold is trading higher on renewed safe-haven demand spurred by US President Donald Trump's announcement that unilateral tariffs will be imposed within two weeks,' Kaynat Chainwala, Kotak Securities' AVP-Commodity Research, said. Globally, spot silver fell 0.54 per cent to trade at USD 36.05 per ounce. According to HDFC Securities' Senior Analyst – Commodities, Saumil Gandhi, market participants will be awaiting US economic reports, which will include the release of the Producer Price Index and Weekly Initial Jobless Claims later in the day. PTI HG HG SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
12-06-2025
- Business
- Time of India
Gold jumps Rs 850 to Rs 99,340/10 g; silver slips Rs 100
Gold prices jumped Rs 850 to Rs 99,340 per 10 grams in the national capital on Thursday amid a rise in precious metal prices in the overseas markets, according to the All India Sarafa Association. The yellow metal of 99.5 per cent purity climbed Rs 800 to Rs 98,800 per 10 grams (inclusive of all taxes). However, silver prices went lower by Rs 100 to Rs 1,07,000 per kilogram (inclusive of all taxes) on Thursday. The most traded gold contracts for August delivery bounced by Rs 1,585 to trade at Rs 98,289 per 10 grams. Subsequently, the contracts for October delivery rallied Rs 1,520 to Rs 99,214 per 10 grams on the Multi Commodity Exchange (MCX). "Gold prices surged higher on Thursday as escalating US-Iran tensions reignited safe-haven demand and weaker-than-expected US inflation data bolstered bets of interest rate cuts from the Federal Reserve," Sriram Iyer, Senior Research Analyst at Reliance Securities, said. Live Events Meanwhile, spot gold increased by USD 15.74 per ounce or 0.47 per cent to USD 3,370.87 per ounce in the international markets. "Gold is trading higher on renewed safe-haven demand spurred by US President Donald Trump 's announcement that unilateral tariffs will be imposed within two weeks," Kaynat Chainwala, Kotak Securities' AVP-Commodity Research, said. Globally, spot silver fell 0.54 per cent to trade at USD 36.05 per ounce. According to HDFC Securities' Senior Analyst - Commodities, Saumil Gandhi, market participants will be awaiting US economic reports, which will include the release of the Producer Price Index and Weekly Initial Jobless Claims later in the day.
The Print
10-06-2025
- Business
- The Print
Gold slips Rs 110 to Rs 97,670/10 g; silver plunges Rs 1,000 to Rs 1.07 lakh/kg
Snapping a seven-day winning streak, silver prices plunged by Rs 1,000 to Rs 1,07,100 per kilogram (inclusive of all taxes) on Tuesday. The precious metal of 99.5 per cent purity fell Rs 100 to Rs 97,250 per 10 grams (inclusive of all taxes). New Delhi, Jun 10 (PTI) Gold prices slipped Rs 110 to Rs 97,670 per 10 grams in the national capital on Tuesday due to persistent selling by jewellers and stockists, according to the All India Sarafa Association. The white metal had soared Rs 1,000 to hit a fresh peak of Rs 1,08,100 per kilogram in the local markets on Monday. In the overseas markets, spot gold rose marginally to USD 3,329.12 per ounce. 'Gold prices eased on Tuesday morning trading as optimism over easing US-China trade tensions dampened safe-haven demand,' Reliance Securities' Senior Research Analyst Sriram Iyer said. Chinese and US officials on Tuesday extended the new round of trade talks in London to a second day, fuelling hopes for a deal between the world's two largest economies. Meanwhile, spot silver fell 0.3 per cent to USD 36.64 per ounce in the global markets. 'Traders expect increased volatility in gold prices this week, driven by significant macroeconomic events, including the US inflation print and consumer sentiment data. 'Any unexpected deviations in these data figures could influence the Federal Reserve's stance on interest rate cuts, potentially impacting bullion prices in the near term,' Deveya Gaglani, Senior Research Analyst, Commodities at Axis Securities, said. PTI HG HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
