Business
Signature Global Signs Rs 380 Crore MoU For Earthquake-Resistant Towers
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Signature Global will invest Rs 380 crore with CECO Hirun Pvt Ltd to use Hysteretic Tuned Mass Dampers in 80-100 towers.
CECO Hirun Pvt Ltd is an engineering company formed through a strategic joint venture between CECO Infratech Pvt Ltd and international partners.
Realty firm Signature Global on Saturday said it will invest Rs 380 crore on adoption of advanced earthquake resistance technology in its ongoing and future residential projects.
The company has “signed a Rs 380-crore Memorandum of Understanding (MoU) with Indo Italian Joint Venture CECO Hirun Pvt Ltd for this construction technology”.
The ‘Hysteretic Tuned Mass Dampers (HTMDs)’ technology is a specialised system designed to reduce vibrations in high-rise buildings caused by wind and earthquakes, the company said.
By controlling building movement, it enhances stability and occupant comfort.
“Around 80-100 high rise residential towers will be covered under this Rs 380 crore MoU,” said Lalit Aggarwal, Co-Founder & Vice Chairman of Signature Global.
He said the scope of the MoU will be expanded as per the company’s requirement.
“As India’s cities grow taller, the responsibility to ensure safety, comfort, and long-term value for residents becomes even more critical. Our collaboration with CECO Hirun Pvt Ltd combines global expertise with deep understanding of local construction practices, enabling technically robust systems that integrate seamlessly into our building designs,” Aggarwal said.
In seismic-prone regions like Delhi-NCR (Seismic Zone IV), integrating advanced vibration control solutions at the design stage is crucial for long-term safety and stability, the company said.
Agostino Marioni, Chairman, CECO Hirun India Pvt Ltd, said the company has partnered with Signature Global to deploy advanced vibration-control technology across their high-rise developments. “This initiative reflects our shared commitment to engineering excellence and innovation, setting new benchmarks for resilient, future-ready infrastructure in India,” he added.
Signature Global is one of the leading real estate companies in the country.
As of September 2025, the company has successfully delivered 16 million sq ft of real estate.
In the last fiscal year, Signature Global reported sales bookings of Rs 10,290 crore.
CECO Hirun Pvt Ltd is an engineering company formed through a strategic joint venture between CECO Infratech Pvt Ltd and international partners.
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January 18, 2026, 14:09 IST
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Oil prices jumped on Tuesday as Donald Trump weighed Iran’s latest proposal to end the war.
The US president is unhappy with the latest Iranian proposal, a US official said on Monday. Iranian sources disclosed that Tehran’s proposal avoided addressing its nuclear programme until hostilities cease and Gulf shipping disputes are resolved.
Trump’s displeasure with the Iranian offer leaves the conflict deadlocked, with Iran shutting shipping flows through the Strait of Hormuz, which typically carries supply equal to about 20 per cent of global oil and gas consumption, and the US keeping in place its blockade of Iranian ports.
Brent crude rose to $108.13 per barrel, hovering near a three-week high, while US West Texas Intermediate went up to $96.48.
Both benchmarks are well above pre-war levels. Brent was trading at $72 before the US-Israeli war on Iran began on 28 February.
Asian stocks were broadly subdued at the opening. While MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.12 per cent, hovering near the record high it touched on Monday, Nikkei fell 0.5 per cent.
The S&P 500 eked out modest gains on Monday and was on course for a nearly 10 per cent gain for April. US stock futures were 0.1 per cent higher in Asian hours.
Indian shares are set to open lower on Tuesday, with GIFT Nifty futures pointing to the benchmark Nifty 50 opening below Monday’s close of 24,092.70. Both Nifty and Sensex snapped a three-session losing run on Monday, led by a rebound in technology stocks, but the broader momentum remained constrained by unresolved tensions around the Strait of Hormuz.
Elevated oil prices are a particular headwind for India, the world’s third-largest crude importer, heightening inflation risks, pressuring economic growth and widening the country’s import bill.
Foreign portfolio investors offloaded domestic stocks worth Rs 11.5bn ($122m) on Monday, extending their selling streak to a sixth straight session.
Vessel crossings showed signs of recovery over the weekend, according to the maritime intelligence firm Windward, but analysts warned increased movement was yet to translate into a surge in oil and gas flows.
Iran reportedly offered to end its blockade of the waterway without addressing its nuclear programme, passing the proposal to Washington through Pakistani mediators. But Mr Trump has made ending Iran’s atomic programme a condition for any deal.
Central banks are also in focus this week, with the Bank of Japan, the US Federal Reserve, the Bank of England, and the European Central Bank all due to announce policy decisions. All are expected to hold rates steady, but markets will be watching closely for signals about how policymakers plan to respond to the inflationary pressure from the war.
“The BOJ is likely to stay highly sensitive to market volatility,” Fred Neumann, chief Asia economist at HSBC, told Reuters. “Our base case remains one single 25 basis point hike this year in July, but a June rate rise becomes more likely if the Strait of Hormuz is still effectively closed after mid-May.”
The General Motors global headquarters at Hudson’s Detroit in Detroit, Michigan, US, on Monday, Jan. 12, 2026.
Jeff Kowalsky | Bloomberg | Getty Images
DETROIT – General Motors is set to report its first-quarter earnings before the bell Tuesday.
Here’s what Wall Street is expecting, based on a survey of analysts by LSEG:
- Earnings per share: $2.62 adjusted
- Revenue: $43.68 billion
Those results would mark a roughly 1% decline in revenue compared with a year earlier and a 5.8% decrease in adjusted earnings per share.
GM’s 2025 first-quarter results included $44.02 billion in revenue, net income attributable to stockholders of $2.78 billion, and adjusted earnings before interest and taxes of $3.49 billion.
Aside from earnings and any changes to the automaker’s 2026 guidance, investors will be monitoring effects from the Iran war, tariff impacts and additional charges related to the automaker’s pullback in all-electric vehicles.
After announcing $7.6 billion in EV write-downs last year, the automaker said it expected additional charges but at a lower level than in 2025.
GM’s 2026 earnings guidance is better than its expectations and results from last year. It includes net income attributable to stockholders of between $10.3 billion and $11.7 billion; adjusted earnings before interest and taxes of $13 billion to $15 billion; and EPS of between $11 and $13 for the year.
Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative offshore bets on the rupee must now be disclosed. Banks now must report detailed transaction data-size, counterparty, maturity, and structure-no later than two working days, though trades below $1 million and certain already-reported or internal hedging transactions are exempt.
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