Raymond Announces Vertical Demerger Of Its Real Estate Business

Raymond Limited today announced the vertical demerger of its Real Estate Business into its wholly owned subsidiary, Raymond Realty Limited (RRL). Upon completion of this demerger, Raymond Ltd and Raymond Realty Limited (RRL) will operate as separate listed entities within the Raymond Group post all statutory approvals. The new entity will seek automatic listing on stock exchanges and according to the scheme of arrangement, each Raymond Ltd (RL) shareholder will receive 1 share of RRL for every 1 share held in Raymond Limited.

This strategic move comes as Raymond's Real Estate Business has achieved scale, reporting revenue of INR 1,593 Cr. (43% YoY growth) and EBITDA of INR 370 Cr. in FY24, positioning it well to chart its own growth path as a separate entity. Raymond Realty has ~100 acres of land in Thane with ~11.4 mn sq ft RERA approved carpet area of which about 40 acres is currently under development. There are five ongoing projects worth ?9,000 crore on its Thane land, with an additional potential to generate more than ?16,000 crore, making a total potential revenue of over ?25,000 crore from this land bank. Leveraging an asset-light model, recently Raymond Realty has launched its first JDA project in Bandra, Mumbai. Additionally, Raymond has signed three new JDAs in Mahim, Sion, and one more in Bandra East Mumbai, taking the combined revenue potential from four JDA projects in the Mumbai Metropolitan Region to over ?7,000 crore. With the development of Thane Land Bank and current 4 JDA’s gives company the potential revenue of ? 32,000 crore.

Commenting on the development, Gautam Hari Singhania, Chairman C Managing Director, Raymond Limited said; “Having stated that now we have clear three vectors of growth at Raymond group i.e. Lifestyle, Real Estate and Engineering, this corporate action is in line with creating shareholder value creation. This strategy to demerge the Real Estate business into a separate company that will be listed through automatic route is another step to enhance the shareholder value. The existing shareholders of Raymond Limited will get the shares in the new listed Real Estate company in a ratio of 1:1.”

The demerger aligns with Raymond Group's stated objectives of simplifying its corporate structure and enhancing shareholder value for operational and structural benefits. Leveraging Raymond's institutional strength, the move will allow for independent, dedicated management teams with industry-specific expertise to sharpen business focus and tailor investment strategies to each sector's unique dynamics.

About Raymond

Raymond is India’s largest integrated worsted suiting manufacturer that offers end-to-end solutions for fabric and garmenting. Over the years, Raymond has been synonymous with quality, innovation and market leadership. It has some of the leading brands within its portfolio ‘Raymond Ready to Wear’, ‘Park Avenue’, ‘ColorPlus’, ‘Parx’, ‘Raymond Made to Measure’ and ‘Ethnix by Raymond’ amongst others. Raymond has one of the largest exclusive retail networks in the country with about 1,450 stores in more than 600 towns. The group has a presence in the engineering space engaged in precision engineered products with an expansive presence in national as well as international markets. Raymond forayed into realty sector through the launch of its maiden project Ten X Habitat spread across 14 acres housing ~3,100 residential units, followed by launch of a premium residential project – The Address by GS housing ~550 residential units, Ten X Era with ~ 900 residential units. Recently, Raymond launched a new project The Address by GS 2.0 with ~ 440 units and The Invictus by GS with ~ 102 residential units. Recently company has launched its first JDA project in Bandra, Mumbai with ~ 782 residential units.

To know more, visit us today at  www.raymond.in

The All-New BMW R 12 NineT And The All-New BMW R 12 Launched In India

* Classic, purist design as a retro Roadster (BMW R 12 nineT) and as a casual Cruiser (BMW R 12)

* 2-cylinder Boxer engine with a capacity of 1,170 cc

* Exemplary craftsmanship with classic trellis frame, a flatly arranged shock absorber and a revised engine periphery.

* Headlight Pro, Key less ride & Riding Modes available as standard.

* #BMWMotorrad #R12 #R12nineT

The all-new BMW R 12 nineT and the all-new BMW R 12 have been launched in India. Both motorcycles will be available as Completely Built-up Units (CBU) and deliveries will commence from September 2024 onwards.

Mr. Vikram Pawah, President, BMW Group India said, “BMW Motorrad established the segment of classic bikes with the R nineT. This particular segment invites purists riders who want to focus on the original, and at the same time enjoy dynamic riding. The all-new R 12 series takes this path of emotional, original motorcycle riding even further. While the all-new BMW R 12 nineT as a classic roadster aims to make a stylish impression in urban environments, the all-new BMW R 12 embodies a classic cruiser for every day that makes you feel good and allows you to enjoy freedom. The most important values are charisma and individuality. Both motorcycles combine the authentic character of the boxer engine and the design language of traditional motorcycle eras with innovative technology and modular concept that offers the rider maximum customization options.”

The motorcycles will be available at ex-showroom prices as follows –

The all-new BMW R 12 nineT            -           INR 20,90,000

The all-new BMW R 12                      -           INR 19,90,000

*Prices prevailing at the time of invoicing will be applicable. Delivery will be made ex-showroom. Ex-showroom price (inclusive of GST and compensation cess) as applicable but excludes Road Tax, RTO statutory taxes/fees, other local tax/cess levies and insurance. Prices and options are subject to change without prior notice. For further information, please contact your local authorized BMW Motorrad Dealer.

The all-new BMW R 12 nineT is available in the following color schemes – Base in Blackstorm metallic, Optional Style–Option 719 “Aluminium” in brushed aluminium / Night Black solid paint and Optional Color San Remo Green metallic. The all-new BMW R 12 is available in the following color schemes – Base in Blackstorm metallic, Optional Style – Option 719 in Avus Silver metallic and optional Color Aventurine Red metallic.

To enable customers to own BMW Motorrad motorcycles of their choice, BMW Financial Services India offers customized and flexible financial solutions. Customers can also get their loans approved before delivery takes place. For complete peace of mind, all BMW Motorrad bikes come with a standard warranty for ‘three years, unlimited kilometers’, with an option to extend the warranty to fourth and fifth year. Road-Side Assistance, a 24x7 365 days package further ensures prompt services in case of breakdown and towing situations.

The all-new BMW R 12 nineT and the all-new BMW R 12.

The all-new BMW R 12 nineT and the all-new BMW R 12 are available as a roadster and cruiser, each offering a classic design and optimal ergonomics. The all-new BMW R 12 nineT and the all-new R 12 are built on a common, versatile base with a now one-piece tubular spaceframe, an airbox positioned flat under the seat and an angled spring strut. It offers freedom in designing the seats and side lines. On the all-new BMW R 12 nineT the aluminium tank with brushed and clear-coated side panels, the seat, and the tail-hump create a rising, dynamic line. The focus on essential design is supported by the compact and short rear end. The shorter fuel tank, which is 30 mm shorter and narrower in the rear, ensures significantly improved ergonomics and a more front-oriented seating position compared to its predecessor. On the all-new BMW R 12, the steel tank, reminiscent of the so-called “Toaster Tanks” of the 1970s BMW /5 models, emphasises the typical design language of a cruiser in a classic teardrop shape and forms a descending line with low-mounted rear wheel cover. The large 19-inch front wheel and the small 16-inch rear wheel complement this harmoniously. The classic cruiser design is also reflected in the relaxed seating position with low seat height and wide handlebars.

The new Heritage models display a strong attention to detail. This is evident in numerous features, such as the intricately designed front fender bracket or the LED headlight - with a black-framed light guide element on the R 12 nineT. The instrument panel also seamlessly integrates into the overall style. On the R 12 nineT, it features two round instruments in a traditional design, while the R 12 has a single round instrument. The LED turn indicator lights on the upper fork bridge are harmoniously equipped with tinted smoke lenses. The all-new R 12 nineT also has smoke-lens turn indicator lights at the rear, while the all-new R 12 features integrated functional turn indicator lights.

Both the all-new R 12 models feature an air/oil-cooled boxer engine, providing both powerful and character performance. The engine with 101 mm bore, 73 mm stroke and 1,170 cc capacity delivers 80 kW (109 hp) in the R 12 nineT at 7,000 rpm and the maximum torque of 115 Nm is reached at 6,500 rpm. In the R12, 70 kW (95 hp) are available at 6,500 rpm and 110 Nm are generated at 6,000 rpm.

The centrepiece of the all-new BMW R 12 models is the completely newly developed tubular bridge steel spaceframe. The new frame eliminates the need for previous fastenings, reducing weight and giving the new R 12 models a cleaner and more classic appearance. The rear frame, also made of tubular steel, is bolted to the main frame. The left-mounted “Twin Pipe” exhaust system with two rear silencers with reverse cone design caters to both the desire for a classically designed roadster and a cruiser. On the all-new BMW R 12 nineT, the manifolds and the front silencer are chrome-plated and the rear silencer is electro-polished. The all-new R 12, on the other hand, features electro-polished manifolds along with a front silencer and rear silencer with a brushed surface.

The all-new R 12 nineT and R 12 feature upside-down telescopic forks with a 45 mm slider tube diameter. The rear wheel suspension of the R 12 nineT features a Paralever swinging arm combined with a directly linked sprint strut, which is now angled diagonally compared to the previous R nineT series.

On the front wheel of the all-new R 12 nineT and the all-new R 12, a twin disc brake with two radially mounted 4-piston monobloc brake callipers and 310 mm diameter provides stable and efficient braking power. A single disc brake with 2-piston floating calliper and 265 mm diameter is used on the rear wheel. The all-new R 12 models are already equipped with BMW Motorrad ABS Pro as standard. ABS Pro also offers more safety when braking in bends by enabling ABS-assisted braking when leaning into corners.

Both all-new R 12 models are equipped with Dynamic Traction Control (DTC), which ensures a high level of driving safety when accelerating. In addition, the all-new R 12 Models equipped with standard engine drag torque control and Tyre Pressure Control.

The revs of the R 12 models are now shown with the multiplication factor 100 in the standard round instruments. The standard adaptive Headlight Pro light system in both the models offer even more safety at night. The standard Keyless Ride system replaces the conventional ignition lock on the new R 12 models.

The all-new R 12 nineT already features the "Rain", "Road" and "Dynamic" riding modes as standard and the new R 12 has the "Roll" and "Rock" riding modes so the rider can adapt the riding behaviour to his personal preferences.

Optional Packages:

The Hill Start Control Pro, Shift Assistant Pro, heated grips and cruise control are all available as part of the optional Comfort package in both the models.

Option 719 “Aluminium” Style in the all-new BMW R 12 nineT stylishly combines traditional and dark look milled components together with the vibrant solid Racing red frame complete the heritage look of the bike. The single seater lends a touch of dynamism to the motorcycle.

Option 719 Style Avus Silver metallic paintwork sets the machine apart with the dark contrasts highlighting the high-grade milled component package. Another standout optional package in all-new BMW R12 is the Option 719 seat with gold-coloured stitching and the design option exhaust system.

A comprehensive range of original BMW Motorcycle accessories & gears are available for further individualization.

Toyota Kirloskar Motor Accelerates ‘Green Wave Initiative’ Through ‘Miyawaki Concept’ Driven Afforestation And Sapling Distribution

Towards its commitment to environmental sustainability, Toyota Kirloskar Motor (TKM) further accelerates the ‘Green Wave Project’ commemorating this year’s environment month. Aimed at enhancing its nature conservation activity in the community, TKM distributed saplings to its employees, under its sixth challenge namely ‘Establishing a Future Society in Harmony with Nature’, contributing towards the Toyota Environmental Challenge 2050. This eco campaign continues to drive active community involvement to promote greenery, through employee engagement.

The company has successfully distributed 7000+ saplings to its employees, marking significant progress towards its 8,000-sapling target set under its plantation activity. In this direction, TKM employees are encouraged to plant and nurture the distributed saplings within their neighbourhoods and submit periodic reports on plant growth. They have been enthusiastically involving their local communities in afforestation activities, fostering a collective effort to create a greener environment.

Towards this, it is noteworthy to mention about Toyota’s tree plantation activities that are strongly driven by adopting a unique concept namely the ‘Miyawaki Method of Afforestation’ since 2009, and TKM was the first corporate in India to implement such plantation methodology. TKM’s steadfast commitment to sustainability and ecological restoration is yielding remarkable results, as evidenced by the numerous advantages of the Miyawaki approach. A comprehensive study conducted in collaboration with experts from Bangalore University revealed that the Miyawaki method excels in carbon sequestration, capturing an impressive 30.86 tons of carbon per acre.

By doing so, TKM not only restored native habitats but also created self-sustaining ecosystem that contribute to a healthier planet. Under the guidance of Late. Dr. Akira Miyawaki himself, TKM initiated its maiden Miyawaki plantation drive, way back in 2009, marking a significant milestone in its journey towards conservation of greenery and eco-consciousness. Since that momentous day, TKM's plantation drives have continued to evolve and expanded to 112 acres of green cover within the factory premises, out of which 32 acres of afforestation has been developed using Miyawaki method. Today, Toyota’s manufacturing facility, located in Bidadi, proudly boasts more than 328,000 trees of over 790 native species planted within its premises. The results have been truly awe-inspiring, with a remarkable increase in biodiversity observed over the years. From a mere 181 plant species, the count has surged to an impressive 790, while the number of faunal species has risen from 76 to 284. The vibrant ecosystem now encompasses 88 bird varieties, 38 butterfly species, 107 insects, 17 reptiles, 8 mammals, and 6 amphibians, reflecting the successful development of a thriving native forest ecosystem.

In addition, TKM has created an experiential environmental learning centre ‘Ecozone’ (spread across 25 acres with 17 theme parks and home to 65,000 trees with 650 native species) for children, teachers, community members and other stakeholders, within its manufacturing facility aimed at creating the environment leaders and change champions for the future, to usher in desired behavioural change in the communities. This green zone depicts the creation of dense forest within the plant facility using the ‘Miyawaki Concept’ of plantation. The forests are dominantly planted with species of 4 major forest types such as Dry Deciduous, Moist Deciduous, Semi-evergreen and Evergreen Forest, covering 21 different sub-concepts such as Pollination meadows, herbal garden, plants for spices etc. So far, more than 42,000+ students & other stakeholders have been covered through ecozone initiative.

Expressing his thoughts, Mr. B. Padmanabha, Executive Vice President & Director of Manufacturing - Toyota Kirloskar Motor, said, “At Toyota Kirloskar Motor, we recognize that environmental and social sustainability are just as crucial as economic progression. Guided by Toyota’s Global Environmental Challenge 2050 (six challenges announced in 2015), our sustainability efforts are far reaching that go beyond product zero emissions. While the first three challenges seek to achieve zero carbon emissions covering the entire life cycle of our products, across manufacturing operations as well as our value chain, the last three challenges focuses to achieve water conservation, establishing recycled based society and living in harmony with nature.

We believe that a sustainable future is built through collective action and community involvement, as exemplified by one of our eco initiatives - Green Wave Program that covers afforestation (plantation drives, distribution of saplings), sharing best practices (e.g. Miyawaki plantation methodology), creating awareness on nature conservation and imbibing good eco behaviour (Toyota Ecozone – Experiential Eco Learning). Together with our employees and other stakeholders, we aim to catalyse positive change in the community to safeguard the environment to the future.”

Last year, over 5,000 saplings were planted by TKM employees, driven by both company’s plantation efforts as well individually, promoting mass afforestation within and outside the company premises. We also encourage our employees to visit Ecozone and confirm the growth of the plants. Building on these successes, TKM continues to enhance the nature conservation activities by encouraging and sharing the best practices on plantation activities across its value chain, including its suppliers and dealers, promoting the wider adoption of greenery along with other sustainable initiatives such as 'No Plastic' campaign, reducing water usage, and minimizing carbon footprints in operations.

TKM remains dedicated to its vision of "Mass Happiness for all" and strives to inspire individuals and stakeholders to actively participate in environmental conservation.

Samsung Opens Pre-Reserve For Next Galaxy Z Series Foldable Smartphones

Samsung, India’s largest electronics brand, said consumers can now pre-reserve its next Galaxy Z series foldable smartphones to become eligible for early access and special offers.

Customers can pre-reserve the next Galaxy Z series foldable smartphones by paying a token amount of INR 2000 on Samsung.com, Samsung Exclusive Stores, Amazon.in, Flipkart.com and leading retail outlets across India. Consumers who pre-reserve the next Galaxy Z series smartphones will get benefits worth up to INR 7000 on purchase of these products.

Samsung had recently announced that it would launch the next generation of Galaxy Z series smartphones and ecosystem devices at its global event on July 10. The Galaxy Unpacked event will be hosted in Paris — where the iconic cultural nexus and trend epicentre becomes the perfect backdrop for the rollout of our latest cutting-edge innovations, Samsung said in a statement.

“The next frontier of Galaxy AI is coming. Prepare to discover the power of Galaxy AI, now infused into the latest Galaxy Z series and the entire Galaxy ecosystem. Get ready for a world of possibilities as we enter a new phase of mobile AI,” the company added.

Samsung India also announced pre-reserve for the next Samsung Galaxy wearable and hearable devices. Customers can pre-reserve Samsung’s next Galaxy ecosystem products with a token amount of INR 1999 and avail benefits worth up to INR 6499 on purchase of these products.

Samsung will optimize the Galaxy AI experience for the upcoming foldable devices to deliver a completely new and unique AI experience, according to analysts.

Mahindra Lifespaces Closes Deals Worth Rs 2050 Crore, Strengthening Presence In Key Markets

* Secures third redevelopment project in Mumbai with a GDV potential of Rs 1800 crore

* Acquires land parcel in Bengaluru's Singasandra with a GDV potential of Rs 250 crore

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced the closure of two deals aggregating to Rs 2050 crore in Gross Development Value (GDV). These strategic moves include securing a third redevelopment project in Mumbai and acquiring a prime land parcel in Bengaluru, further strengthening the Company's foothold in two of India's most dynamic real estate markets.

Mahindra Lifespaces has been chosen as the preferred partner for the redevelopment of seven residential societies in prestigious Borivali West, Mumbai neighborhood. This project offers an estimated Gross Development Value of approximately Rs 1800 crore. The project will be developed under state’s cluster redevelopment policy.

The Company has recently acquired 2.37 acres of land in Singasandra, South Bengaluru, located next to its existing Mahindra Zen project, which received a stupendous response at launch. The land is estimated to have a developable potential of approximately 0.25 million square feet, with a Gross Development Value of around INR 250 crore.

Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “These strategic moves in Mumbai and Bengaluru, with a combined GDV potential of ?2050 crore, mark a significant milestone in our growth trajectory. Our third redevelopment project in Mumbai, with a GDV of ?1800 crore, reinforces our commitment to urban renewal by creating value in established neighborhoods. Simultaneously, our ?250 crore GDV land acquisition in Bengaluru's Singasandra area positions us to further capitalize on the city's robust real estate demand. Both deals align with our focus on high-potential markets and underscore Mahindra Lifespaces' dedication to delivering quality living spaces across diverse urban landscapes. As we strengthen our presence in key markets, we remain poised for sustained growth and value creation in India's dynamic real estate sector.”

Rain And Shine: The Brilliance Of Diamonds During Monsoon

A relentless summer is in retreat and raindrops are starting to fall on our heads!  This monsoon, pair your waterproof makeup and chic rain wear with brilliant diamond jewellery. Natural Diamonds are tough stuff and resistant to the vagaries of nature.  They won’t discolour, fade or wear down and can literally take all the pressure the earth has to offer. Rain, or shine, they make delightful companions and can multitask from day to evening or from school runs to board meetings. What’s more, they remind us of happy moments and chase any monsoon blues away.

Toranj Mehta, Director - Marketing, De Beers Forevermark, forecasts major trends to perk up your rainy day look.

Solitaire Diamond Pendant

A classic diamond pendant is simple and eternal piece of jewellery. When the weather Gods promise drama in the skies and waterworks on earth, stay grounded with a timeless, solitaire pendant. This is a timeless trend that can be worn comfortably from day to night and accentuates any outfit.

Hoop Earrings

Here’s a fun idea that you don’t have to jump through hoops for. Monsoon fashion involves dressing for convenience that can be beautifully complemented with rings, not just on your fingers, but on your ears! Diamond hoops in all sizes are making waves this season. From tiny to oversized hoops, and from delicate hoops to bold ones, there is a pair for every personality. Let them frame your face, elongate your neck and lift your mood as you take cover from dark clouds.  

Tennis Bracelets

Monsoon jewellery trends emphasize functionality and versatility, aligning with the practical considerations of the season. Diamond tennis bracelets are fast becoming a daily wear diamond staple that weathers all seasons. The best thing about tennis bracelets is how they add elegance to any outfit.  Sport one and sway all with their fluid charm - its game set and match with all advantage to you with this one!

Two Stone Diamond Rings

What’s better than a solitaire?  Two solitaires! Let unique two stone diamond rings hug your fingers during a wet spell. Innovatively designed with a pave finish on two lines, these rings keep the spotlight shining on you even on washed out days. If the weather is too overcast to refresh your manicure, simply glam up your digits with these big bling rings!  Yes, they offer a look of opulence and can be worn as statement rings too. Pick up your cuppa chai causally while wearing one and watch conversations spark!

HDFC Life Certified As One Of ‘India’s Best Companies To Work For’ 2024 And ‘Best In Industry For Life Insurance’

* HDFC Life, a leading life insurer in India, has been recognised as one of ‘India’s Best Companies to Work For’ 2024 by Great Place to Work.

The company achieved the 11th position overall and was honoured as the ‘Best in Industry’ for Life Insurance’. It also features among the Laureates, marking a decade of recognition.

One of India’s first private life insurers, HDFC Life has over 32,000 employees and upholds a strong organisational culture founded on the values of Excellence, People Engagement, Integrity, Customer Centricity & Collaboration (EPICC).

This certification reflects the Company’s value-driven culture and commitment to delivering value to all stakeholders.

Vibhash Naik, Chief Human Resources Officer, HDFC Life, stated “We are honoured to be recognised as one of ‘India’s Best Companies to Work For’ in 2024 and as the ‘Best in Industry for Life Insurance’. Our teams’ dedication and commitment drive our success, and we are devoted to their growth and wellbeing. As we strive towards financial security for all Indians, we remain focussed on our goal of ‘Insurance for all’ by 2047.”

About HDFC Life

Established in 2000, HDFC Life Insurance Company Limited ('HDFC Life'/ ‘Company’) is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity, and Health. The Company has more than 83 products (including individual and group products) and optional riders in its portfolio, catering to a diverse range of customer needs.

HDFC Life was promoted by erstwhile Housing Development Finance Corporation Limited (HDFC Ltd.), and Abrdn (Mauritius Holdings) 2006 Limited (abrdn) (formerly Standard Life (Mauritius Holdings) 2006 Limited), a global investment company. Consequent to implementation of the Scheme of Amalgamation of HDFC Ltd. with HDFC Bank, India’s leading private sector bank (“Bank”), the Bank has become promoter of the Company, in place of HDFC Ltd, effective from July 1, 2023.

Further, consequent to reclassification of abrdn from “Promoter” category to “Public” category in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HDFC Bank has become sole promoter of the Company, effective December 12, 2023.The name/letter 'HDFC' in the name/logo of HDFC Life Insurance Company Limited (HDFC Life) belongs to HDFC Bank Limited.

HDFC Life has a nation-wide presence with its own branches and additional distribution touch-points through several tie-ups and partnerships. The count of distribution partnerships is over 300, comprising banks, NBFCs, MFIs, SFBs, brokers, and new ecosystem partners amongst others. The Company has a strong base of financial consultants.

For more information, visit www.hdfclife.com.You may also connect with us on Facebook, X (formerly Twitter), YouTube, and LinkedIn.