Oberoi Realty has entered into a development agreement for development and redevelopment of land admeasuring approximately 12,790 sq meters, situated at Adarsh Nagar, Worli, Mumbai. The said land is leased to Maharashtra Housing and Area Development Authority (MHADA) and currently, there are seven buildings with a total of 504 flats.
Open FlipAtlanta-based Novelis Inc, a wholly owned subsidiary of the Aditya Birla group's Hindalco Industries, reported a 28% year-on-year growth in operating profit or EBITDA at $514 million, driven by higher volumes, lower cost of production, and improved pricing. This resulted in EBITDA per tonne of $540, which was higher than the management's EBITDA guidance of $525 per tonne.
Open FlipAP Photo/Jason DeCrowUS stocks surged on Monday amid solid first-quarter earnings reports and renewed hopes of interest rate cuts. Rate cut wagers grew following Friday's lighter-than-expected April jobs report.The futures market is now pricing in at least two interest rate cuts by the end of the year.US stocks surged on Monday, extending gains from Friday and marking the best three-day rally.
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