Bengaluru-based developers Prestige Estates and Brigade group have partnered to develop a shopping mall and a hotel in Chennai at a cost of around Rs 500 crore. "Prestige and Brigade group have joined together to develop one million sq ft area in this project. It will have a shopping mall and a small hotel of around 125 keys in this project," Prestige group Chairman Irfan Razack told PTI.

Great Eastern Shipping on Wednesday said it plans to raise up to Rs 150 crore through issuance of non convertible debentures (NCDs). A meeting of its Debenture Issue Committee is scheduled on October 26 in this regard, the company said in a regulatory filing to the BSE.

Reliance Jio has launched new, revamped 'JioPages', its Made-in-India mobile browser that is available in eight Indian languages and promises enhanced browsing experience while focusing on data privacy. The new version of the browser made its debut on Google Playstore on Tuesday. JioPages is built on the Chromium Blink engine, and provides enhanced browsing experience.

Swiss food and drink company Nestle has reported a'mid-single-digit growth' in the Indian market in the July-September quarter, helped by its popular brands Maggi, Nescafe and KitKat. "India posted strong mid-single-digit growth" Nestle said in the Q3 sales report for 2020. The Indian market was ranked at number 13 in terms of contribution to Nestle's global revenue in 2019.

Online spending, which has got a boost during the pandemic, is expected to grow at an annual rate of over 35 per cent to USD 200 billion in the next five years, and a lot of this growth will come from direct-to-consumer brands, according to a report. The domestic direct-to-consumer market is estimated to be USD 100 billon by 2025.

JK Tyre & Industries on Wednesday reported a 34.59 per cent decline in its consolidated net profit at Rs 109.68 crore for the quarter ended September. The company had posted a net profit of Rs 167.7 crore in the July-September period of previous fiscal. Revenue from operations, however, increased to Rs 2,274.84 crore as compared with Rs 2,154.95 crore in the year-ago period.

Colgate Palmolive managed to beat sales of pre-COVID levels apart from showing a robust growth over the Jun-20 quarter. The quarter of Jun-20 had been bad as labour shortages & supply chain bottlenecks had taken a toll on it's top line sales. For Sep-20 quarter, Colgate reported 5.21% yoy growth in sales revenues at Rs1285.48cr while the operating profits for the quarter grew by 33% at Rs363cr.

UltraTech Cement reported a 113 per cent jump in its net profit at Rs 1,234 crore for the September quarter. The company had reported a net profit of Rs 579 crore a year ago. The cement maker’s net sales rose 7.8 per cent to Rs 10,231 crore, from Rs 9,486 crore. It reported robust operating margins at 27 per cent, driven by both revenue growth and tight cost management.

Internet giant Google, owned by Alphabet, is facing a legal battle in the United States, where it has come under fire for alleged monopolistic practices to maintain its influence in the market. In a 64-page complaint filed by the US Justice Department and 11 states, California-based Google was accused of abusing its dominance in internet search and advertising.

PNC Infratech Limited has been declared as the L1 (lowest) bidder in an EPC Project in Andhra Pradesh namely, “Upgradation of Canal System from Pothireddypadu Head Regulator and BCR Complex from foreshore of Srisailam Reservoir and Improvements to existing SRBC/GNSS Canal up to berm level from Banakacherla Complex to Gorukallu Balancing Reservoir from KM 0.000 to KM 56.775”.

Dilip Buildcon Limited informed the exchanges on Wednesday regarding being declared as L-1 bidder for a project worth Rs 1,000.8cr. The company has, through JV, been declared as the L-1 bidder for a new EPC project. The project is for the construction of eight lane access controlled expressway starting near junction with NH-12 near village Ummedpura to Major bridge over Takli river.

Skoda Auto Volkswagen India on Wednesday said it has exported over 25,000 cars in the current year so far and achieved the milestone of shipping out 5,00,00th domestically produced car, despite the challenging demand scenario globally. The 5,00,000th milestone car is a left hand-drive Vento sedan Skoda Auto Volkswagen India Private Ltd said in a release.

GMM Pfaudler saw growth in top-line and in profit, although the operating profit did not match up to the sales growth, leading to pressure on margins. However, the operating profits for the Sep-20 quarter were up by 8.8% yoy at Rs33.3cr while net profits were up 29% at Rs26.8cr. Since the sales had growth much faster, the operating profit margins actually fell from 19.99% to 17.88% on a yoy basis.

With an aim to offer homebuyers an enhanced festive delight, the country’s largest lender State Bank of India (SBI) announces concession in home loan rates by as high as 25 bps. SBI home loan customers would get an interest concession of 25 bps for buying their dream homes of above Rs75 lakhs based on CIBIL score and through YONO.

Drug firm Alembic Pharma on Wednesday said it has received approval from the US health regulator for Fenofibrate capsules, which reduces cholesterol and triglycerides in blood. The approved product is therapeutically equivalent to the reference listed drug product Tricor Micronized Capsules of AbbVie Inc., Alembic Pharma said in a regulatory filing.