Business

Puravankara Ltd. reported a solid performance in the third quarter, with sales rising 17 percent year-on-year to Rs. 1,414 crore, reflecting steady demand in the residential real estate market. The growth was supported by healthy bookings, improved project execution, and sustained interest in mid-income and premium housing segments. Industry analysts note that improving consumer sentiment, stable interest rates, and a gradual recovery in urban housing demand have benefited established developers.

Waaree Renewables has won a solar power project valued at Rs. 103 crore, reinforcing its position in India’s fast-growing renewable energy sector. The new order adds to the company’s expanding project pipeline at a time when demand for clean and sustainable power solutions continues to rise. Industry observers view the development as a reflection of strong execution capabilities and steady order inflows for established renewable energy players. The project is expected to contribute to future revenue visibility while supporting India’s broader transition toward low-carbon energy.

Indian Hotels Company Ltd. (IHCL) is set to strengthen its presence in Tamil Nadu with the upcoming launch of a Ginger-branded hotel in Tuticorin, a key port and industrial hub on the state’s southern coast. The move reflects IHCL’s broader strategy to scale its lean-luxe brand across high-potential tier-II and tier-III cities. With growing industrial activity, logistics trade, and regional tourism driving demand, Tuticorin presents a compelling opportunity.

Nippon Paint India has announced the appointment of Sharad Malhotra as its new Managing Director, marking a significant leadership transition at a time when the decorative and industrial coatings market is undergoing rapid transformation. The move reflects the company’s intent to strengthen its strategic direction, enhance operational efficiency, and deepen its footprint in India’s competitive paint industry. With extensive experience across manufacturing, consumer markets, and business transformation, Malhotra is expected to steer Nippon Paint India through its next growth phase.

Air India has inducted its first Boeing 787 Dreamliner in eight years, marking a symbolic and operational milestone in the carrier’s long-awaited fleet modernization drive. The aircraft’s arrival underscores the airline’s renewed focus on efficiency, passenger comfort, and long-haul competitiveness as it undergoes a broader transformation. Industry analysts view the induction as a tangible outcome of strategic investments aimed at restoring Air India’s global standing.

Granules India has received regulatory approval from U.S. authorities for a medication used in the treatment of Attention Deficit Hyperactivity Disorder, marking a notable milestone in the company’s international growth strategy. The clearance enables the pharmaceutical manufacturer to expand its presence in the world’s largest drug market while reinforcing its reputation as a reliable supplier of complex generics. Industry analysts view the development as a positive signal for Granules India’s revenue visibility, given the steady demand for central nervous system therapies.

Yajur Fibres has opened its initial public offering, seeking to raise Rs 120.4 crore through a fresh issue of equity shares. The IPO marks a significant milestone for the company as it looks to accelerate capacity expansion, optimize its capital structure, and enhance long-term competitiveness. Operating in a niche segment of the textile value chain, Yajur Fibres has benefited from steady demand and improving operational efficiencies.

Shares of Titan Company surged in market trading after the company reported robust revenue growth for the third quarter, underscoring resilient consumer demand across its core business segments. Strong festive-season sales, steady expansion in its jewelry portfolio, and improving traction in watches and wearables helped lift topline performance. The results reassured investors about Titan’s growth visibility despite a challenging macroeconomic environment marked by inflationary pressures and cautious discretionary spending.

India’s residential real estate market witnessed a contrasting trend as housing sales softened while property prices continued to rise across the top eight cities. Moderating demand, affordability pressures, and selective buyer caution led to a dip in transaction volumes, even as strong input costs, limited premium inventory, and sustained end-user interest supported price appreciation. The divergence highlights a market transitioning from rapid post-pandemic expansion to a more balanced phase.