Business

Prestige Estates Projects Ltd reported a 48% growth in sales bookings in Q4, touching nearly Rs 7,000 crore.Prestige Estates Sales: The fourth quarter witnessed a 9% growth in sales volumes, reaching 4.49 million sq ft, with 2,301 units sold.Prestige Estates Projects has announced a significant 48% growth in sales bookings for the January-March quarter, touching nearly Rs 7,000 crore.This growth is in contrast to the annual decline, where pre-sales for FY 2024-25 fell 19% to over Rs 17,000 crore.The decrease in annual sales bookings is attributed to deferred launches due to delays in approvals, resulting in the Company not meeting its annual target of Rs 24,000 crore.The fourth quarter saw a 9% increase in sales volumes, reaching 4.49 million sq ft with 2,301 units sold. Average realisati...

Sonata Software Ltd shares fell as much as 12% in early trade on Thursday, April 17, after the company issued a warning about revenue from its international business during the quarter ended March 31, 2025.In an exchange filing on Wednesday, Sonata Software said its international business revenue is likely to be lower than previously reported, as revenue estimates from its largest customer are likely to be lower than anticipated.For the December quarter, Sonata Software's international business contributed 25% to the company's total revenue, according to its investor presentation.The company had talked about a large customer during its December quarter earnings call held in February this year.Sonata Software MD and CEO Sameer Dhir had highlighted during the earnings call that while the gr...

New Delhi, Silver prices rose by Rs 362 to Rs 95,136 per kg in futures trade on Wednesday as participants increased their bets.The price of silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 362 or 0.38 percent to Rs 95,136 per kg in a business turnover of 15,818 lots.Analysts said fresh deals by participants led to a jump in silver prices.Globally, silver was trading 0.52 percent higher at $32.48 an ounce in New York.

New Delhi, Bank stocks surged on Tuesday, with IndusInd Bank jumping nearly 7 percent, in line with a rally in the broader market.Shares of IndusInd Bank rose 6.84 percent, Axis Bank 4.18 percent, HDFC Bank 3.23 percent and ICICI Bank 2.86 percent on the BSE. Shares of Canara Bank rose 2.40 percent, Yes Bank (2.10 percent), State Bank of India (1.23 percent), Bank of Baroda (1.10 percent), Federal Bank (0.84 percent) and Kotak Mahindra Bank (0.44 percent). The BSE Bankex index rose 2.51 percent to 59,866.95. "Banking stocks have benefited from the cut in deposit rates," said Vinod Nair, Head of Research at Geojit Investments Ltd. Rising for the second consecutive session on Tuesday, the 30-share BSE Sensex jumped 1,577.63 points, or 2.10 percent, to close at 76,734.89. The NSE Ni...

New Delhi, Apr 14 The number of unsold homes stood at around 5.6 lakh units at the end of the March quarter, down 4 per cent year-on-year, due to robust sales, according to Anarock. Data from real estate consultant Anarock showed that the number of unsold homes across seven major cities declined to 5,59,808 units at the end of March 2025 from 5,80,895 units in the same period a year ago. These seven cities are Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune. According to the data, the number of unsold homes priced below Rs 40 lakh declined 19 percent to 1,12,744 units at the end of March from 1,39,905 units in the same period a year ago. In the Rs 40-80 lakh price category, there were 1,57,741 unsold homes by the end of 2025, down 1...

NBCC shares jumped nearly 2 percent on April 11 after the company released two positive updates about its sales. The company's shares closed at Rs 89 per share. In an exchange filing released on April 11, the Navratna company announced that it has successfully sold 560 residential units at Aspire Leisure Park in Greater Noida. The units were sold through e-auction and have a total sale value of over Rs 1,153 crore. The company further said, "NBCC will receive a marketing fee at the rate of 1 percent of the sale value." In another exchange filing released after market close on April 9, NBCC had announced that it sold 1,185 residential units in the third phase of Aspire Dream Valley in Greater Noida through e-auction at a total sale value of about Rs 1,504.69 crore. Earlier in the ...