India’s manufacturing PMI dropped to 57.5 in September, a 5-month low.

According to the S&P Global Purchasing Managers’ Index (PMI), India’s manufacturing activity climbed at the slowest rate in five months in September, but it remained strong, with strong demand lifting business confidence to its highest level this year, despite heightened inflationary pressures. S&P Global’s Manufacturing Purchasing Managers’ Index (PMI) was 57.5 in September as opposed…

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L&T Construction receives a large order from MMRDA for its heavy civil infrastructure division.

In a regulatory filing, L&T Construction said on Friday that the Mumbai Metropolitan Region Development Authority (MMRDA) has awarded its Heavy Civil Infrastructure business vertical a mega order worth more than Rs.7000 crore for the design and construction of an underground road tunnel project between Orange Gate, Eastern Free Way, and Marine Drive Coastal Road…

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Paint Industry: On the Verge of a Technological Revolution

The fortunes of the paints sector are inextricably linked to the country’s strong economy, which has displayed outstanding strength despite a hard global climate. With India’s growth story unfolding gradually, the paints sector is primed for progress. Positive outlook supported by increased urbanization, increasing building industry demand, infrastructure growth, automotive sector recovery, PMAY government initiatives,…

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Steel prices are strengthening as a result of high domestic demand and rising raw material costs- Kotak Report

According to a survey by Kotak Institutional Equities, steel prices in India have started to firm up, with long/flat prices rising 10%/4% over the previous two months. The firm domestic demand and the most recent jump in the price of raw materials, it was stated, are driving the price strength. “Weaker monsoon and seasonal restocking…

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Godrej Properties is selling homes worth Rs 2,000 crore through the new Godrej Tropical Isle project in Noida.

Godrej Properties Ltd on Monday said it has sold around 670 homes worth over Rs.2,000 crore in its Godrej Tropical Isle project located in Sector 146, Noida. “This is Godrej Properties’ most successful launch ever in terms of sales value and volume. The project was launched in August 2023 within nine months of acquisition of…

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