DMart Acquires Chandivali Land for Rs 1.17 Bn

14 May 2024 CW Team

Retail giant DMart has finalised the acquisition of land in Mumbai's Chandivali area for a total sum of Rs 1.17 billion. This strategic move is expected to bolster DMart's presence in the competitive retail market of Mumbai and further strengthen its foothold in the region.

The acquisition underscores DMart's commitment to expanding its retail footprint and catering to the growing consumer demand in Mumbai. With its reputation for offering quality products at competitive prices, DMart is well-positioned to capitalise on the lucrative retail opportunities in Chandivali and surrounding areas.

The purchase of land in Chandivali reflects DMart's long-term growth strategy and its focus on establishing a strong presence in key markets across India. By investing in prime real estate assets, DMart aims to create value for its shareholders and enhance its competitive advantage in the retail sector.

Overall, DMart's acquisition of land in Chandivali signifies a significant milestone in its expansion journey and reaffirms its position as a leading player in the Indian retail industry. The move is poised to contribute to DMart's growth trajectory and strengthen its market position in Mumbai's dynamic retail landscape.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..