~ ‘Super Chennai’ is a visionary initiative by CREDAI Chennai to make the city a future-ready global city ~
Chennai, 14th February 2025: The Hon’ble Chief Minister of Tamil Nadu, Thiru M.K. Stalin, inaugurated the 17th edition of FAIRPRO 2025, the city’s most prestigious real estate exhibition, organized by The Confederation of Real Estate Developers’ Associations of India (CREDAI) Chennai, at the Chennai Trade Centre – New Building. Thiru. P.K. Sekar Babu, Hon’ble Minister for Hindu Religious & Charitable Endowments and CMDA, along with other key dignitaries from the Government of Tamil Nadu.
During the inaugural ceremony, the Hon’ble Chief Minister also unveiled ‘Super Chennai’ – a visionary initiative by CREDAI Chennai aimed at repositioning Chennai as a future-ready global city, reinforcing its status as India’s most vibrant investment destination.
‘Super Chennai’ is not just an initiative, but a movement to redefine the spirit of Chennai. This initiative seeks to challenge outdated perceptions of the city, highlighting its strengths as a cosmopolitan, innovative, and rapidly growing urban center. By fostering civic pride and showcasing Chennai’s potential, Super Chennai aims to present a more dynamic and inclusive narrative, attracting global attention and investment. The Super Chennai initiative is poised to change this by positioning the city as a hub for technology, business, culture, and modern lifestyle.
FAIRPRO 2025 brings together 80+ leading CREDAI Chennai developers, offering homebuyers a one-stop destination to explore over 500 projects spanning 32.5 million sq. ft. of residential space, 0.25 million sq. ft. of commercial space, and 325 acres of plotted developments. With an expected record-breaking footfall, this three-day mega event is set to redefine Chennai’s real estate market.
State Bank of India (SBI), the primary banker for FAIRPRO 2025, has supported the event since its inception, continuing its commitment to providing homebuyers with exclusive financing solutions. Along with SBI, five major banks, including HDFC Bank, Central Bank of India, Canara Bank, and LIC Housing Finance Ltd, are participating in the exhibition, offering attractive home loan options and special deals to potential buyers.
The event highlights the surging demand for premium apartments, villas, plots and commercial spaces, driven by infrastructure upgrades, metro expansion, and increasing investor confidence in Chennai’s real estate market. With properties ranging from ₹15 Lakhs to ₹15 Crores, FAIRPRO 2025 caters to every segment of homebuyers, ensuring transparency and credibility through RERA-approved projects.
Speaking on the occasion, Mr. Sridharan, Vice President – South Zone, CREDAI National, emphasized, “With infrastructure development and metro expansion boosting property values, Chennai is emerging as a preferred investment destination. FAIRPRO 2025 offers an unmatched platform for buyers and investors alike.”
Mr. A. Mohamed Ali, President, CREDAI Chennai, said, “Chennai’s real estate market is undergoing a significant transformation, fuelled by infrastructure growth and increasing investor confidence. FAIRPRO 2025 serves as the perfect platform for buyers to explore credible, RERA-approved projects and make informed decisions about their dream homes.”
Mr. S. Sivagurunathan, Advisor, FAIRPRO 2025, added, “FAIRPRO has remained Chennai’s most trusted property exhibition for the past 16 years, providing transparency and value to homebuyers. This year’s event promises to set new benchmarks, with massive footfalls further cementing Chennai’s position as a top real estate hub.”
Mr. P. Kruthivas, Convenor, FAIRPRO 2025, stated, “With Chennai witnessing rapid urban development, FAIRPRO 2025 stands as a symbol of collaboration between developers, financial institutions, and homebuyers, ensuring a seamless and rewarding experience for all stakeholders.”
Yamaha blends style, performance, and excitement with pop culture at Chennai Comic Con 2025
India Yamaha Motor Pvt. Ltd. took centre stage at Comic Con, India’s biggest pop culture event, held on February 8–9, 2025, at the Chennai Trade Centre, Nandanbakkam, Chennai. With its rich cultural heritage, dynamic automotive industry and passionate fan community, the city provided the perfect setting for an electrifying event where art, lifestyle and innovation came together in a spectacular celebration.
The Yamaha Experience Zone was the major highlight in the event, featuring immersive activities that captivated attendees. Visitors enjoyed the MotoGP gaming setup, immersing themselves in the adrenaline of virtual racing. The Samurai-themed MT-03 became a favourite photo spot, while the YZF-R15 provided the unique experience of posing at a dramatic lean angle, simulating the rush of a racetrack corner. Adding to the excitement, the RayZR Street Rally featured instant photo-sharing, allowing fans to capture and take home their cherished memories.
The event saw significant engagement, with visitors showing keen interest in motorcycling and expressing their fandom for Yamaha. In response, the company offered Comic Con Super Fan Box and Yamaha’s exclusive Comic Con themed merchandise, along with other Yamaha goodies to the most engaging cosplayers as well as comics and motorcycling enthusiasts.
As Chennai Comic Con 2025 comes to an end, Yamaha reiterates its dedication to crafting innovative experiences that resonate profoundly with the youth of India. Events like Comic Con not only highlight Yamaha’s standing as a premium and dynamic motorcycle brand but also strengthen its connection with young Indians by blending the thrill of motorcycling with the vibrant spirit of pop culture. Yamaha remains dedicated to inspiring and engaging individuals, fostering a community of lifelong enthusiasts for generations to come.
Malabar Group Announces scholarships of amount 2.80cr in Tamil Nadu for 3,511 Female Students and distribution of scholarship for 797 students in Chennai – its Vision for Women Empowerment
Chennai, 05 February 2025: Malabar Group, a leading Indian business conglomerate and the parent company of Malabar Gold & Diamonds, announced its Educational Scholarships for female students in Tamil Nadu for the 2024–2025 academic year. The announcement was made during an event at The Anna Centenary Library, Chennai. This announcement marks a significant milestone in the Group’s flagship CSR initiative, the Malabar Scholarship Programme, which underscores its commitment to supporting girls’ education. In this Event our Chief Guest Thiru. Anbil Mahesh Poyyamozhi Hon’ble Minister of School Education, Government of Tamil Nadu, formally announced and distributed the Scholarships to all the students. The Group’s top leadership, including, Thiru M P Ahammed, Chairman – Malabar Group, Thiru Asher O, MD – India Operations – Malabar Group, Thiru. Yasser K B, Regional Head – Tamil Nadu, Thiru Ameer Babu T P – North Zonal Head, Thiru Sudheer Mohamed – East Zonal Head, Thiru Noushad P M – West Zonal Head were also present at the event along with other management team members of Malabar Gold & Diamonds, customers, well-wishers and students. This year, the scholarship program in India has earmarked a budget of ₹16 crore to support the education of over 21,000 femlae students. In Tamil Nadu, a total of ₹2.80 crore has been allocated to assist the education of more than 3,511 female students across 446 Govt School in the state. Speaking about the initiative, MP Ahammed, Chairman, of Malabar Group, said, “Education is the most powerful tool to change the world. Our scholarship programme is a direct reflection of Malabar Group’s deep-rooted belief that education unlocks opportunities and transforms lives. We are committed to removing barriers for young girls so they can fulfil their educational aspirations and contribute meaningfully to society.”
Since its inception, Malabar Group has demonstrated a strong commitment to inclusive growth through its social welfare activities. In 1999, the Malabar Charitable Trust (MCT) was created to structure and expand these efforts. The group allocates 5% of its profits to CSR initiatives, which span education, healthcare, environmental sustainability, and poverty alleviation, focusing on empowering marginalized communities.
The Malabar National Scholarship Programme, launched in 2007, is a flagship initiative under its CSR framework. To date, over ₹60 crore has been contributed to support the programme, providing financial aid to more than 95,000 girl students across India & over ₹13.50 crore has been contributed to the support of more than 21,500 girl students in Tamil Nadu State. By focusing on girls’ education, Malabar Group aims to uplift not just individuals but entire communities, ensuring future generations are equipped with the tools for social and economic progress.
In addition to the scholarship programme, the Malabar Group’s Hunger-Free World Project provides nutritious meals to the underprivileged across the country. Supported by a strong network of volunteers and partnerships with local NGOs, the initiative is committed to eradicating hunger and ensuring food security for all. Currently, over 60,000 food packets are distributed daily in 81 cities across 17 states in India. Additionally, 10,000 food packets are provided every day to school students in Zambia. Malabar Group aims to scale the project to serve 100,000 people daily at 200 centres. The Hunger-Free World Project is being implemented in collaboration with Thanal, a voluntary organisation, which is active in social service.
The Malabar Group has also launched the Grandma Home project, which provides free, fully equipped accommodation for destitute women, offering them protection and care. Currently, homes are operational in Hyderabad and Bengaluru, with plans to expand to major cities in Kerala, as well as Chennai, Kolkata, Delhi, and Mumbai.
We have also established 581 micro-learning canters across 12 states, dedicated to educating dropout students. To date, we have supported over 25,800 students. The Group’s CSR initiatives aimed at uplifting marginalized communities include medical aid for the underprivileged, support for housing construction, and financial assistance for the marriages of women in need. To date, the Malabar Group has invested over ₹282.29 crore in various social responsibility projects, reflecting its commitment to sustainable development.
Malabar Group’s continued focus on impactful initiatives such as education and hunger relief exemplify the company’s belief that sustainable growth is only possible when communities are empowered and supported in every way possible. This dedication will remain at the heart of all future endeavours as the Group continues to expand both its business and social responsibilities.
Mr Sanjeev Bhatt, Senior Vice President of Corporate Strategy at Meril Life Sciences
“The Union Budget 2025-26 reflects a bold and visionary commitment to strengthening India’s healthcare ecosystem. The substantial investment in infrastructure, medical education, and AI-driven diagnostics will not only enhance accessibility but also position India as a global leader in healthcare innovation. The exemption of Basic Customs Duty on lifesaving drugs is a transformative step towards affordability for patients battling critical illnesses. As we work towards bridging the urban-rural healthcare divide, these strategic initiatives will pave the way for a healthier, more resilient nation. We welcome this progressive budget and look forward to collaborating with the government to drive meaningful advancements in the sector”.
Tata Motors Consolidated Q3 FY25 ResultsRevenue ₹113.6K Cr (+2.7%), EBITDA at ₹15.5K CrPBT (bei) ₹7.7K Cr (-0.1K Cr), Automotive Free Cash Flows ₹4.7K Cr JLR Revenue £7.5b up 1.5%, EBITDA at 14.2% (-200 bps), EBIT at 9.0% (+20 bps) Tata CV Revenue ₹18.4K Cr, down 8.4%, EBITDA at 12.4% (+130 bps), EBIT at 9.6% (+100 bps)Tata PV Revenue ₹12.4K Cr, down 4.3%, EBITDA at 7.8% (+120 bps), EBIT at 1.7% (-40 bps)
Q3 FY25
Consolidated (₹ Cr Ind AS)
Jaguar Land Rover (£m, IFRS)
Tata Commercial Vehicles (₹Cr, Ind AS)
Tata Passenger Vehicles (₹Cr, Ind AS)
FY25
Vs. PY
FY25
Vs. PY
FY25
Vs. PY
FY25
Vs. PY
Revenue
1,13,575
2.7%
7,486
1.5%
18,431
(8.4)%
12,354
(4.3)%
EBITDA (%)
13.7%
(60) bps
14.2%
(200) bps
12.4%
130 bps
7.8%
120 bps
EBIT (%)
8.9%
60 bps
9.0%
20 bps
9.6%
100 bps
1.7%
(40) bps
PBT (bei)
7,700
₹(75) Cr
523
£ (103) mn
1,726
₹70 Cr
292
₹(116) Cr
YTD FY25
Revenue
3,23,074
1.6%
21,234
0.5%
53,568
(6.4)%
35,902
(5.3)%
EBITDA (%)
13.2%
(90) bps
14.0%
(180) bps
11.6%
120 bps
6.6%
50 bps
EBIT (%)
7.7%
(20) bps
7.8%
(50) bps
8.8%
110 bps
0.7%
(90) bps
PBT (bei)
22,296
₹2,821 Cr
1,614
£ 110 mn
4,575
₹456 Cr
694
₹ (196) Cr
Tata Motors Consolidated:
For Q3 FY25, TML delivered revenues of ₹113.6K Cr (up 2.7%), EBITDA at ₹15.5K Cr (13.7%, down 60bps) and EBIT of ₹10.0K Cr (8.9%, up 60bps), witnessing strong improvement over Q2 FY25 as supply challenges eased. PBT (bei) for Q3 FY25 stood at ₹7.7K Cr, down ₹75 Cr while Net Profit was ₹5.6K Cr. For YTD FY25, the business reported a strong PBT (bei) of ₹22.3K Cr, an improvement of ₹2.8K Cr over the previous year.
JLR delivered a robust performance in Q3 FY25 with record quarterly revenue, highest EBIT margin in a decade and a ninth successive profitable quarter. CV revenues declined on account of lower volumes and mix, however EBITDA margins improved to 12.4% (up 130 bps) primarily reflecting material cost saving and the impact of PLI incentive. PV revenues were down 4.3% however EBITDA margin was up by 120 bps at 7.8% due to cost controls and PLI incentive.
The company received sanction of Automotive Production Linked Incentives (PLI) in December 2024. Accordingly, an income of ₹351 Cr has been recognized.
Looking Ahead:
We expect underlying domestic demand to improve gradually on account of infrastructure spends, slew of exciting product launches and stable interest rates. While JLR wholesales are expected to improve further in Q4 FY25, we remain watchful on the overall demand situation, particularly in China.
PB Balaji, Group Chief Financial Officer, Tata Motors said:
“In Q3, the performance of all businesses improved sequentially. For YTD FY25, our business grew 1.6% over the previous year to ₹323.0K Cr and delivered a robust PBT (bei) of ₹22.3K Cr (+14.5%). The fundamentals of the business are strong and therefore despite external challenges we are confident of delivering another strong performance this year.”
JAGUAR LAND ROVER (JLR)
Highlights
Q3 FY25 Revenue at £7.5 billion (+1.5%), EBITDA 14.2% (-200 bps), EBIT 9.0% (+20 bps), PBT (bei) £523 million
YTD FY25 Revenue at £21.2 billion (flat), EBITDA 14.0% (-180 bps), EBIT 7.8% (-50 bps), PBT (bei) £1,614 million
JLR delivered a robust third quarter in FY25, with record Q3 revenue, the highest EBIT margin in a decade and a ninth successive profitable quarter
Cash balance was £3.5 billion and net debt £1.1 billion, with gross debt of £4.6 billion
Total liquidity was £5.1 billion, including the £1.6 billion undrawn revolving credit facility
Reimagine Transformation continues:
Modern Luxury
Jaguar Type 00 design vision revealed in Miami in December 2024
Defender OCTA driven by global press for the first time to widespread acclaim
Defender to compete in Dakar and FIA World Rally-Raid Championship from 2026 in vehicle based on Defender OCTA, showcasing its durability and strength
Range Rover’s highly crafted SV Bespoke vehicle, the Candeo, featuring hand applied paint and 18K solid gold badging, signals the future of SV Bespoke personalisation for Range Rover clients.
Range Rover wins Made in UK award at annual Walpole British Luxury Awards
Electrification / Sustainability
Range Rover Electric development continues with the waiting list now at 57,000
Q3 Range Rover plug-in electric hybrid sales grew by 163% year-on-year as more clients take a step towards electrification
JLR Circularity Lab has delivered industry first recycled seat foam proof of concept for use in future vehicles to reduce emissions and waste
Enterprise
JLR invests in new special paint facilities in Castle Bromwich, UK, and Nitra, Slovakia, to meet growing demand for vehicle personalisation and reduce emissions
JLR to partner with Tata Communications (TCL), using its MOVE™ platform on our next generation vehicles to enable continuous connectivity in remotest locations from 2026
Financials
JLR delivered a robust performance in Q3 FY25 with record Q3 revenue and the highest EBIT margin in a decade, and a ninth successive profitable quarter. Revenue for the quarter was £7.5 billion, up 1.5% YoY, while YTD revenue at £21.2 billion was flat YoY. Compared to Q2 FY25, revenue was up 16%, driven by higher wholesales following supply disruptions in Q2 FY25. PBT (bei) in Q3 was £523 million, down from £627 million a year ago, while YTD FY25 PBT (bei) was £1.6 billion, up 7% YoY. EBIT margin was 9% (up 20 bps YoY). The increase in profitability year-on-year reflects higher volumes, improved mix and a reduction in depreciation and amortisation (D&A) driven by Castle Bromwich production cessation and ICE end of life extensions, partially offset by an increase in VME, warranty costs and unfavourable FX revaluation.
Looking ahead
Looking ahead, while mindful of the challenging economic backdrop, the Company is on track to achieve its profitability and
cash flow targets in FY25, with EBIT margin ≥8.5% and positive net cash.
Adrian Mardell, JLR Chief Executive Officer, said:
“JLR has delivered a robust performance in the third quarter of our financial year, and further milestones in our Reimagine strategy. Thanks to our people and partners we achieved record revenue and our best EBIT margin in a decade and our electrification plans are progressing. We revealed the beautiful, reimagined Jaguar design vision – Type 00 – in Miami, and later this year, we will launch Range Rover Electric.”
Domestic Vahan market share at 37.7% for YTD FY25. HGV+HMV 49.1%, MGV 38.4%, LGV 31.2%, Passenger 38.0%.
HCV, ILMCV and Passenger Carriers continue to perform better than industry. Work underway on improving SCV competitiveness
ACE EV volumes witnessed 26% growth, with launch of new value proposition in post FAME2 incentives scenario.
50+ product variants introduced in Q3 FY25.
Bharat Mobility Expo 2025
Introduced our new mantra, ‘Better Always’, embodying our unwavering dedication to driving growthand success, for our customers and for our nation.
Showcased 14 smart vehicles, all integrated with ADAS, alongside 6 cutting-edge intelligent solutions that provide real-time performance insights, and 4 advanced aggregates, including –
Prima E.55S: Battery electric prime mover to decarbonise logistics operations across sectors
Prima H.28: Indigenously developed H2 ICE truck with range of ~550km
Prima G.55S: India’s first LNG prime mover with unmatched range of up to 2400km
Azura T.19: Powered by Bio-diesel with future-ready design and an all-new architecture
Ace Flex-fuel: A new powertrain option added to the ever-popular Ace range
Yodha CNG RMC: Unique, versatile and eco-friendly solution for the infrastructure sector
Intra EV Pickup: India’s most advanced electric pickup for diverse applications
Financials
In Q3 FY25, domestic wholesale CV volumes were 91.1K units, marginally lower as compared to 91.9K units in Q3 FY24, but marking significant improvement as compared to 79.8K units recorded in Q2 FY25. Propelled by a resurgence in construction and mining activities post-monsoon, plus the festive season demand, HCV segment witnessed robust sequential growth.Exports were at 4.5K units down 6% YoY. Revenues were down by 8.4% YoY to ₹18.4K Cr, however EBITDA margins improved to 12.4% (up 130 bps YoY) led by savings in commodity costs and PLI incentive (90bps). On a year to date basis, the CV business delivered EBITDA margin of 11.6% (+120 bps YoY) and PBT (bei) of ₹4.6K Cr.
Girish Wagh, Executive Director Tata Motors Ltd said:
“In Q3 FY25, HCV segment witnessed robust sequential recovery, even as the YoY sales declined 9% due to limited growth in end-use segments. The ILMCV segment and passenger carrier segment witnessed ~3% and ~30% YoY growth, whereas the SCV segment experienced marginal decline due to ongoing financing challenges. The business has delivered strong EBITDA and EBIT margin of 12.4% and 9.6%, respectively, with cost control and reflecting PLI incentive. At the Bharat Mobility Expo, we unveiled a bold new era in mobility, showcasing 14 smart vehicles, all integrated with ADAS, alongside 6 cutting-edge intelligent solutions that provide real-time performance insights, and 4 advanced aggregates. With relentless innovation and agility, we will continue to redefine the future of mobility with sustainable, intelligent, and cutting-edge solutions”.
VAHAN registration market share at 13.3% in YTD FY25.
EV market share at 61% in YTD FY25.
Alternative powertrains continue to grow. EV penetration at 11%, CNG at 24% in YTD FY25.
Punch sold over 200,000 units to emerge as the highest selling car model in India in CY24.
Introduced the 2025 Tiago, Tiago.ev, and Tigor with New Tech, New Design and New colours.
With over 2 lakh Tata EVs already covering more than 5bn kilometers, eliminated 700,000 tonnes of CO2 emission.
Bharat Mobility Expo 2025
Unveiled our ‘Future of Mobility’ portfolio, showcasingthegreenest, smartest, and most advanced suite of mobility solutions.
Announced the All-New Tata Sierra – reimagined for a new era, ready to inspire and lead once again.
Showcased the Harrier.ev, the most powerful and technologically advanced SUV from the Tata stable, with advanced features like remote summon.
Presented the next chapter of automotive excellence with the Avinya X concept— a bold leap into the future of luxury mobility.
Unveiled exciting editions of SUV range with the Stealth and Bandipur editions.
Reinforced multi-powertrain strategy with the showcase of the flex fuel powertrain option for Punch, capable of operating across complete range of ethanol based fuel blends.
Financials
PV volumes for the quarter were steady at 140.0K units (+1.1% YoY), while revenues in Q3 FY25 were down 4.3% YoY at ₹12.4K Cr. EBITDA margins in Q3FY25 were 7.8% up 120 bps on a YoY basis, with cost reduction actions and incentives more than offsetting adverse realizations.
Looking ahead
In line with the growth rates seen in the first nine months, the PV industry is poised for moderate growth in FY25. Segment shifts in the industry are likely to continue with strong growth in the SUV segment, and continued traction for emission-friendly powertrains. With multiple product launches, innovations and a strengthened multi-powertrain strategy, Tata Motors is well poised for further growth in CY 25.
Shailesh Chandra, Managing Director TMPV and TPEM said:
“In Q3 FY25, we recorded wholesales of 140K units (1.1% growth over Q3 FY24) and retail sales growth of 6% over Q3FY24. This has allowed us to sharply reduce our channel inventory ahead of Q4 FY25. In the EV segment we registered 19% growth in the domestic personal segment, although our fleet volumes declined YoY due to the expiry of FAME II subsidy. Our new product launches including Curvv, Curvv.ev, Nexon CNG and Nexon.ev 45 continue to see strong customer traction. Overall, in Q3 FY25, the business delivered resilient performance, with volumes and profitability improving sequentially. At the Bharat Mobility Global Expo 2025, we unveiled our ‘Future of Mobility’ portfolio blending innovative design and smart engineering, with a profound understanding of customer needs. Looking ahead, we remain agile and optimistic as we continue to leverage the demand our new products, expand our network and focus on micro-markets to increase our volumes and market share.”
ADDITIONAL COMMENTARY ON FINANCIAL STATEMENTS
(Consolidated Numbers, Ind AS)
Finance Costs
Finance costs reduced by ₹760 Cr to ₹1,725 Cr in Q3 FY25, due to reduction in gross debt during the period.
Joint ventures, Associates and Other income
For Q3 FY25, net loss from joint ventures and associates amounted to ₹30 Cr compared to profit of ₹193 Cr in Q3 FY24. Other income (excluding grants) was ₹727 Cr in Q3 FY25 versus ₹752 Cr in Q3 FY24.
Free Cash Flows
Free cash flow (automotive) for the quarter, was at ₹4.7K Cr driven by improvement in volumes. Net automotive debt was at ₹19.2K Cr.
● Located in the bustling neighborhood of Madhavaram, DRA Astra offers homes starting at price of Rs. 6,599 per sq.ft. ● The project comprises 132 Units of 2&3 BHK lifestyle homes with thoughtfully designed amenities. ● Offering the perfect blend of tranquility and well-being, DRA Astra offers an adobe with a perfect balance of active lifestyle and tranquility. Chennai, 31st January 2025: DRA, the pride of Chennai’s real estate, today announced the launch of its newest residential project, DRA Astra, located in the vibrant neighborhood of Madhavaram, Chennai. Offering 132 thoughtfully designed 2 and 3 BHK apartments, DRA Astra aims to redefine modern living with its unique blend of comfort, convenience, and wellness- driven amenities. Priced at Rs. 6,599 per sq.ft, DRA Astra brings together the perfect balance of tranquility and activity with an innovative approach to lifestyle living. DRA Astra is strategically located on Madhavaram High Road and is placed adjacent to the upcoming metro station offering ease of commute to the residents. The residential conclave is also situated in close proximity to key areas, including schools, hospitals, shopping hubs, and entertainment zones. The project is designed for modern families, professionals, and anyone looking to embrace an active, enriching lifestyle in a growing community. The residential retreat features 30 plus premium amenities designed to nurture both physical well-being and mental peace. A serene herb garden and a zen garden provide spaces for relaxation and mindfulness, while a reflexology pathway and yoga area encourage a more holistic way of life. Additionally, the development offers a spacious open amphitheater, ideal for cultural gatherings and events, and dedicated senior citizen seating to cater to the community’s diverse needs. For those who love to entertain, the multi-purpose hall and barbecue counter are perfect spaces to host family and friends. Commenting on the launch, Mr. Ranjeeth Rathod, Managing Director, DRA said “At DRA, we believe that owning a home is not just an investment – it’s a source of pride and fulfillment. With DRA Astra, we are excited to offer a living experience that combines luxury, wellness, and active living, all in the heart of Madhavaram. This residential haven is a reflection of our commitment to providing spaces where families can thrive, connect, and take pride in calling it home. We’re confident that DRA Astra will set a new benchmark for modern living in Chennai,”
DRA Astra truly caters to those who seek an active and vibrant lifestyle. The residential hub includes designated sports zones, such as a basketball area, table tennis facility, and foosball court, providing ample opportunity for outdoor recreation. A zumba area and bicycle track further promote fitness in a fun and engaging way, ensuring that residents can pursue an active routine without ever leaving home. The project is registered under TN RERA – RERA NO: TN/29/Building/0018/2025 and will be handed over to residents in October 2027. For further information about the apartments, kindly contact +91 80952 64642 or log on to https://drahomes.in/
. Net Profit up by 35% YoY at ₹2852 Cr in Dec’24 from ₹2119 Cr in Dec’23 . Operating Profit improved by 16% YoY to ₹4749 Cr in Dec’24 from ₹4097 Cr in Dec’23 . Net Interest Income increased by 10% YoY to ₹6415 Cr in Dec’24 from ₹5815 Cr in Dec’23 . Fee based income grew by 9% YoY to ₹931 Cr in Dec’24 from ₹852 Cr in Dec’23 . Return on Assets (RoA) up by 28 bps to 1.39% in Dec’24 from 1.11% in Dec’23 . Return on Equity (RoE) increased by 108 bps to 21.00% in Dec’24 from 19.92% in Dec’23 . Yield on Advances (YoA) up by 14 bps to 8.92% in Dec’24 from 8.78% in Dec’23 . Yield on Investments (YoI) increased by 32 bps to 7.12% in Dec’24 from 6.80% in Dec’23 . Cost-to-Income Ratio reduced by 234 bps to 44.56% in Dec’24 from 46.90% in Dec’23 . Gross Advances increased by 10% YoY to ₹559199 Cr in Dec’24 from ₹509800 Cr in Dec’23 . RAM (Retail, Agriculture & MSME) advances grew by 13% YoY to ₹334739 Cr in Dec’24 from ₹296845 Cr in Dec’23 . RAM contribution to gross domestic advances stood at 64.35%. Retail, Agri & MSME advances grew by 16%, 13.5% and 8% YoY respectively. Home Loan (including mortgage) grew by 12% YoY in Dec’24 . Priority sector advances as a percentage of ANBC stood at 43.85% (₹192761 Cr) in Dec’24 as against the regulatory requirement of 40% . Total Deposits increased by 7% YoY and reached to ₹702282 Cr in Dec’24 as against ₹654154 Cr in Dec’23. Current, Savings & CASA deposits grew by 5%, 3.5%, and 4% YoY respectively . Domestic CASA ratio stood at 40% as on 31 st Dec’24 .CD ratio stood at 79.63% as on 31 st Dec’24 . GNPA% decreased by 121 bps YoY to 3.26% in Dec’24 from 4.47% in Dec’23, NNPA% reduced by 32 bps to 0.21% in Dec’24 from 0.53% in Dec’23 . Provision Coverage Ratio (PCR, including TWO) improved by 219 bps YoY to 98.09% in Dec’24 from 95.90% in Dec’23 . Slippage Ratio improved by 50 bps to 0.78% in Dec’24 from1.28% in Dec’23 . Capital Adequacy Ratio improved by 34 bps to 15.92%. CET-I improved by 91 bps YoY to 13.27%, Tier I Capital improved by 89 bps YoY to 13.77% in Dec’24 .Earnings Per Share (EPS) increased by 26% to ₹84.70 in Dec’24 from ₹67.12 in Dec’23
. Net Profit up by 5% QoQ to ₹2852 Cr in Dec’24 from ₹2707 Cr in Sep’24 . Return on Assets (RoA) improved by 6 bps to 1.39% in Dec’24 from 1.33% in Sep’24 . Yield on Advances (YoA) improved by 15 bps to 8.92% in Dec’24 from 8.77% in Sep’24 . NIM (Domestic) increased by 8 bps to 3.57% in Dec’24 from 3.49% in Sep’24 . GNPA decreased by 22 bps to 3.26% in Dec’24 from 3.48% in Sep’24, NNPA reduced by 6 bps to 0.21% in Dec’24 from 0.27% in Sep’24 . Slippage ratio decreased to 0.78% in Dec’24 from 1.06% in Sep’24.
Key Highlights (Quarter ended Dec’24 over Dec’23)
Key Highlights (Quarter ended Dec’24 over Sep’24)
. Credit Cost decreased by 18 bps to 0.47% in Dec’24 from 0.65% in Sep’24
. Net Profit up by 37% YoY to ₹7962 Cr in 9MFY25 from ₹5816 Cr in 9MFY24 . Operating Profit increased by 11.5% YoY to ₹13980 Cr in 9MFY25 from ₹12535 Cr in 9MFY24 . Net Interest Income grew by 9% YoY to ₹18787 Cr in 9MFY25 from ₹17258 Cr in 9MFY24 . Net Interest Margin (NIM) Domestic stood at 3.53% in 9MFY25 . Return on Assets (RoA) improved by 27 bps to 1.31% in 9MFY25 from 1.04% in 9MFY24 . Return on Equity (RoE) increased by 137 bps to 20.62% in 9MFY25 from 19.25% in 9MFY24 . Cost-to-Income Ratio reduced by 50 bps to 44.67% in 9MFY25 from 45.17% in 9MFY24 Network: . The Bank has 5877 domestic branches (including 3 DBUs), out of which 1987 are Rural, 1543 are Semi-Urban, 1179 are Urban & 1168 are in Metro category. The Bank has 3 overseas branches & 1 IBU (Gift City Branch). The Bank has 5224 ATMs & BNAs and 13292 number of Business Correspondents (BCs). Digital Banking: . Business of ₹1,18,981 Cr has been generated through Digital Channels in 9MFY25. A total of 117 Digital Journeys, Utilities and Processes have been launched so far. . Number of Mobile Banking users has grown by 18% year over year, reaching 1.86 Cr. . UPI users and Net Banking Users have seen a 24% & 9% YoY increase respectively, reaching 2.04 Cr and 1.12 Cr respectively. . The Credit Card users increased by 52% YoY to 2.83 lakh. The transactions in Point of Sale (PoS) terminals has increased by 23% YoY, reaching to 35 lakh. Awards & Accolades: . The Bank received prestigious SKOCH Award for “Project WAVE”, an Indian Bank’s digital transformation journey and for “SMA Collection Proclivity Predictor”- a model built to predict the probability of default for Special Mention Accounts (SMA) and reduce risks by outlining a targeted collection journey. . The Bank was honoured with the “Best Public Sector Bank” award in the organisational category and the MD & CEO of the Bank
Key Highlights (Nine Months ended Dec’24 over Dec’23)
received “CEO of the Year” award at Tamil Nadu Leadership Awards 2024. .The Vertical Head of CMS/SCF conferred with PT100 Leadership Award as an “Innovator & Disruptor in Asia Pacific” at the Payments Transformers conference in Singapore. . In the 9 th Banking Leadership Summit 2024 of Indian Investors Federation, the Bank received award for “Best Infrastructure & Ambience in UP”, “Best Marketing Strategies for business in the year 2024 in UP” and runner up for “Banker of the Year 2024”. .In the IBA Annual Banking Technology Conference, 2024 – Special Mention under Large Bank segment, the Bank received award for “Best Digital Sales, Payments & Engagement”, “Best Tech Talent & Org., “Best AI and ML Adoption” and “Best FI”. .During the 5 th Annual BFSI Technology Excellence Awards 2024, the Bank was awarded “Best Cloud Initiative of the Year” – ET Edge recognition 2024 and “Best Team Project in Cloud Implementation (PSB)”. Our Focus Our focus is to deliver value-added, innovative and tailored solutions to the customers through omni-channel experience and with dedicated and skilled workforce. We will focus on achieving compliant, sustainable and inclusive growth, with a clear emphasis on customer service, CASA, MSME, and continued digital transformation. We aim to become preferred choice of customer for catering to all financial & banking needs.
Chennai, India: Babyshop, part of the renowned Dubai based Landmark Group and a trusted global leader in children’s essentials, has officially entered the Indian market with the launch of its flagship store at Express Avenue Mall, Chennai. With over 50 years of expertise, Babyshop operates 250+ stores across 14 countries, serving over 10 crore families worldwide. This milestone marks the beginning of Babyshop’s journey in India, bringing a legacy of trust, quality, and care to Indian parents. The launch event was further elevated by the presence of renowned Indian actress Soha Ali Khan, who added her star power to the celebration.
Babyshop stores are designed as one-stop destinations for parents, catering to children from newborns to 10 years old. Across all its stores, Babyshop offers a thoughtfully curated range of baby essentials, kids’ fashion, travel gear, nursery furniture, and toys. Combining global trends with local relevance, Babyshop provides products that resonate with modern families while delivering a seamless and enjoyable shopping experience.
“India represents an exciting new chapter for Babyshop, and we are thrilled to bring our trusted brand to this vibrant market,” said RubanShanmugarajah, CEO of Babyshop. “For over five decades, Babyshop has supported parents across 14 countries, helping them navigate the joys and challenges of raising children. Now, we are proud to bring this legacy of trust and expertise to Indian families. Parenting is a journey filled with important choices and meaningful moments, and our goal is to be a trusted partner in making it simpler, more convenient, and more rewarding.”
Elevating the Parenting Experience in India
At Babyshop, every detail of the shopping experience is thoughtfully designed to make parenting simpler, more enjoyable, and more informed. All our stores bring together a comprehensive range of products, from newborn essentials to kids’ fashion, travel gear, nursery furniture, and toys, all under one roof. Featuring globally trusted brands like Philips, Chicco, Sebamed, Joie, Lego, and others alongside carefully curated collections, Babyshop ensures that parents have access to the very best for every stage of their child’s growth, from birth to 10 years old.
A hallmark of the store is its My Baby Expert service, where trained and knowledgeable staff provide personalized guidance, helping parents navigate important decisions with confidence and care. Whether it’s selecting the right car seat or choosing nursery furniture, the expert team is dedicated to supporting parents every step of the way. Additionally, the flagship store introduces a Stroller testing track, offering parents the unique opportunity to test strollers in a simulated real-life environment before making a purchase. Facilities like a Mother’s Room provide a warm, private space for nursing mothers, reflecting Babyshop’s deep understanding of the needs of modern families.
“The core DNA of Babyshop lies in delivering a seamless shopping experience for families, whether in-store or online. With the flagship store, we have carefully designed a space that brings together innovative services like the Stroller Testing Track and the personalized My Baby Expert assistance, while offering a wide range of globally trusted products. This holistic approach reflects our commitment to understanding the parenting needs of Indian families,” said Dheeraj Chawla, Business Head, Babyshop India. “Additionally, our robust omni-channel presence ensures that every family, from metros to Tier 3 cities, can access the quality and care that Babyshop stands for.”
The store layout prioritizes ease and comfort, offering parents a seamless, family-friendly experience. From preparing for a first baby to finding practical solutions for a growing family, Babyshop combines thoughtful design with exceptional value to support every stage of parenting.
A Legacy Built on Quality
For over 50 years, Babyshop has been globally recognized for its unwavering commitment to quality—an obsession that touches every aspect of its offerings. From the softest cotton used in baby appareltorigorous product testing, Babyshop ensures that every item meets the highest standards of safety, durability, and comfort. Over 85% of Babyshop’s apparel is Oeko-Tex certified, guaranteeing that products are free from harmful substances and safe for delicate skin. Babyshop complies with the strictest global certifications and goes above and beyond in every detail, no matter how small, to ensure parents can shop with complete peace of mind.
Whether it’s the durability of strollers, the practicality of nursery furniture, or the safety compliance in car seats, every product is thoughtfully designed. Babyshop’s legacy of quality is its greatest strength. With meticulous attention to safety, comfort, and functionality, Babyshop’s products reflect the same level of care and precision that parents put into raising their children.
Global Legacy Meets Indian Families
With a presence in 14 countries and over 50 years of experience, Babyshop has become a trusted name for families worldwide. Having established its reputation across the Middle East, Africa, and Southeast Asia, Babyshop is now proud to bring its expertise to India, combining global standards with local understanding.
Beyond its flagship store, Babyshop ensures accessibility through a robust omni-channel presence. Families can shop online at www.babyshop.in or from 1200 options on e-commerce platforms Myntra and Flipkart, delivering convenience and choice to parents across the country. With Flipkart and Myntra’s extensive reach across 19,000+ pin codes, including Metros, Tier 1, Tier 2 and Tier 3+ cities, and tech-backed seamless shopping experience, millions of customers will have access to Babyshop products.
Looking Ahead: Expanding Across India
India’s flagship store is just the beginning of Babyshop’s vision for the country. With stores already open in Noida, Delhi, and Bengaluru, andupcoming launches planned for key cities like Hyderabad and Pune, Babyshop is committed to building lasting relationships with families nationwide. The combination of global expertise and a deep understanding of Indian parenting creates a unique value proposition for Babyshop, fostering meaningful connections with families across India.
“Our goal is simple: to celebrate the joys of parenting while making the journey easier and more rewarding for families,” added Shanmugarajah. “At Babyshop, we see ourselves as partners in every family’s story, offering products and services designed with care, love, and understanding.”
India represents an exciting opportunity for Babyshop to grow while staying true to its core values of quality, affordability, and innovation. With its flagship store and expanding presence, Babyshop invites Indian families to experience a world of parenting possibilities, from babyhood to big-kid adventures, all under one roof.
IntroducesCummins’advancedFuelDeliverySystemwithTypeIVtanksforsafestorage of Hydrogen on commercial vehicles.
Demonstrates integrated powertrain capability for zero, low and reduced carbon emissions, offering Power of Choice to customers.
Chennai 20.01.2025 Today at Bharat Mobility Global Expo 2025, Cummins Group in India (“Cummins”), a leading power technology provider, announced the launch of its next generation HELM™ (Higher Efficiency, Lower emissions, Multiple fuels) engine platforms, with the high performance L10 engine, along with, an advanced HydrogenFuel Delivery System (FDS) with Type IV on-vehicle storage vessels and the innovative B6.7N natural gas engine.
Showcased within an integrated powertrain concept, these launches underscore the group’s deep understanding of the Indian Commercial Vehicle (CV) market and its commitment to addressing current demands and future environmental requirements.
Introducing Cummins HELM™ engine platforms:
Cummins HELM™ platforms represent the company’s forward thinking-approach to engine technology, prioritizing performance, efficiency, and sustainability. The platforms deliver advanced internal combustion engine technology with fuel-type flexibility, enabling customers to choose from advanceddiesel,naturalgas,orhydrogenvariants, to meet their diverse operational needs and sustainability goals.
Designed to meet evolving environmental standards, the platform utilizes a common base to deliver multiple engine versions, each optimized for a single fuel type. Cummins HELM™ platforms empower customers to achieve their sustainability goals.
Highlights of Cummins product launches at Bharat Mobility Global Expo 2025:
Next-generation L10 engine: Built on the 10-liter Cummins HELM™ platform, this high- performance engine supports faster logistics, improved productivity and reduced emissions. This new-generation platform not only meets BSVI emissions standards but will form the base for future BSVII and Euro 7 capable engines for the Indian market. The clean sheet design underscores Cummins’ technical expertise and leadership in delivering solutions that meet current regulations, while being adaptable to future needs.
Fuel Delivery System (FDS): An advanced 350-bar and 700-bar hydrogen fuel delivery system, with Type IV on-vehicle storage vessels. The system marks a major step in progressing India’s hydrogen economy. The FDS facilitates on-vehicle hydrogen fuel storage, addressing a key challenge in the adoption of hydrogen powered commercial vehicles.
B6.7N Natural Gas Engine: Designed to provide diesel-equivalent performance with lower carbon emissions, the innovative B6.7N natural gas engine facilitates the adoption of CNG and LNG fuels in heavy-duty vehicles. The B6.7N reflects Cummins’ commitment to offer solutions that help its customers navigate the energy transition without compromising operational costs, reliability or operational efficiency for fleets.
Unveiling the new products, Jane Beaman, Vice President – Global On-Highway and Pickup Business, Cummins Inc., said, “Our world is at a pivotal moment in its journey to lower emissions. In line with our Destination Zero™ strategy, we are committed to supporting industry- wide decarbonization through a portfolio of diverse power solutions. The products on display at Bharat Mobility Global Expo are testimony to our ability to deliver advanced low-and-reduced carbon technologies today, while innovating zero carbon solutions for tomorrow. These innovations not only future proof our customers’ businesses but also set the stage for the next era of smarter, cleaner, and integrated power.”
Nitin Jirafe, Managing Director, Tata Cummins Pvt. Ltd., and Head, Engine Business, Cummins India added, “AtCumminswehavealwaysbelievedindesigningsolutionsthatnot only meet the needs of our customers but also contribute meaningfully to our country’s progress. The products launched today align with transformative Viksit Bharat and Make in India initiatives, while addressing the evolving needs of commercial vehicle industry. Collectively, these offerings will give our customers the power of choice, enabling them to select the right technology for their needs while supporting the economic and environmental aspirations of the nation.”
At its state-of-the-art pavilion in Hall2,Booth2, in BharatMandapam,PragatiMaidan,NewDelhi, Cummins is showcasing the widest array of low and zero emission technologies for the CV industry. The display features advanced engines seamlessly integrated with next-generation components such as aftertreatment systems, automated manual transmission, axles and power electronics, all optimized for high power efficiency. Interactive exhibits at the booth offer insights into Cummins’ advanced technologies and their transformative impact on the transportation ecosystem.
Xiaomi India, the country’s most trusted Smartphone X AIoT brand, today announced the global debut of the Redmi 14C 5G, redefining innovation in the budget smartphone segment. Designed to deliver cutting-edge features, seamless performance, and blazing-fast 5G connectivity, the Redmi 14C 5G is poised to meet the evolving needs of Indian consumers. The launch of the Redmi 14C 5G is complemented by the remarkable success of the Redmi Note 14 5G Series, which achieved an incredible milestone of ₹1000 crore in revenue within just two weeks in India—a testament to the unwavering trust and love from the customers The Redmi 14C 5G seamlessly blends elegance with innovation. It features a 17.5cm (6.88-inch) HD+ Dot Drop display with a peak brightness of 600 nits, offering vibrant and immersive visuals whether streaming, gaming, or browsing. Powered by the Snapdragon 4 Gen 2 5G processor, built on a 4nm architecture, the device ensures superior efficiency and performance. With up to 12GB RAM (6GB + 6GB extended) and 128GB UFS 2.2 storage, it handles multitasking, gaming, and app navigation with ease. Additionally, its microSD card slot supports up to 1TB expandable storage, providing ample space for your needs.
The Redmi 14C 5G’s 50MP AI dual-camera system lets users capture vibrant, detailed photos in any lighting condition, while its 5160mAh battery with 18W fast charging ensures uninterrupted usage throughout the day. Running on Xiaomi HyperOS, based on Android 14, the device delivers a clean, intuitive user interface with the promise of two years of Android updates and four years of security updates, ensuring long-term reliability. The Redmi 14C 5G will be available starting January 10th, 2025, across Mi.com, Amazon.in, Flipkart and authorized Xiaomi retail partners and will be priced at INR 9,999 for the 4GB + 64GB variant, INR 10,999 for the 6GB + 128GB: and INR 11,999 for the 8GB + 256GB variant. The recently launched Redmi Note 14 5G Series continues to redefine excellence in the mid-range smartphone segment with its unparalleled blend of innovation, performance, and design. The Redmi Note 14 Pro 5G Series, the segment’s most durable smartphones, sets a benchmark with Gorilla®️ Glass Victus®️ 2, IP69 support, and cutting-edge solid electrolyte battery technology, ensuring unmatched longevity and safety. Meanwhile, the Redmi Note 14 5G impresses with the segment’s brightest 120Hz AMOLED display, delivering vibrant visuals in any light, and a versatile 50MP Sony LYT-600 camera setup, perfect for capturing stunning, detailed shots every time. Together, the Redmi Note 14 5G Series and Redmi 14C 5G showcase Xiaomi India’s unwavering commitment to bringing cutting-edge performance and design to all consumers.
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