14 Aug 2026

Jio Financial Services and Bank of America have entered into a joint venture agreement under which the US lender will invest up to USD 1.9 billion, or INR 18,268 crore, to acquire a 49.9% stake in Jio Credit. The investment will initially give Bank of America a 26.50% holding through a preferential share issue, followed by warrants that can take its stake to 49.90%. Jio Credit, which has built assets under management of INR 30,667 crore within two years, has focused on retail borrowers and small businesses. The transaction remains subject to regulatory and statutory approvals.Read more

14 Aug 2026

India’s net direct tax collection rose 23.09 per cent year-on-year to more than INR 8.11 lakh crore in the current fiscal year up to the latest available period. Corporate tax collections increased 19.83 per cent, while non-corporate taxes, including personal income tax, grew 23 per cent. Securities Transaction Tax revenue also recorded a sharp 51 per cent increase. The government issued INR 1.43 lakh crore in refunds during the period. Gross direct tax collection stood at about INR 9.55 lakh crore, while the Centre has set a target of INR 26.97 lakh crore for the full fiscal year.Read more

14 Aug 2026

State Bank of India (SBI) has five to six merger and acquisition financing deals in the pipeline as demand for bank-backed acquisition funding picks up under the Reserve Bank of India’s new framework. The country’s largest lender has already executed three such transactions. The facility has also opened a lending opportunity in sectors such as software, where companies generally have limited requirements for conventional bank finance. SBI said the deals can take time to close and may involve bridge loans followed by longer-term funding, making it difficult to estimate how many transactions will ultimately materialise in a given period.Read more

14 Aug 2026

The Reserve Bank of India (RBI) has proposed a common framework for determining interest rates on loans and advances across banks and non-banking financial companies (NBFCs). The draft rules seek to bring greater consistency in the way fixed-rate and floating-rate loans are priced while allowing regulated entities to account for their operational scale, loan categories and borrower risk. The proposed directions would also require board-approved interest rate policies and annual reviews. For microfinance and small-value loans, lenders would have to set an explicit ceiling on the Annual Percentage Rate (APR), including interest and other charges.Read more

14 Aug 2026

State-owned NBCC Ltd reported a 17 per cent year-on-year increase in consolidated net profit to INR 158 crore for the first quarter of the current financial year. The company had recorded a consolidated net profit of INR 135.03 crore in the corresponding quarter last year. However, consolidated total income declined to INR 2,320.90 crore from INR 2,465.48 crore. NBCC operates across project management consultancy and real estate, with its wider business also covering redevelopment, infrastructure and overseas projects. The company entered the current financial year with a sizeable order book and continued project activity.Read more

14 Aug 2026

India’s top 11 listed residential developers are projected to achieve combined pre-sales of INR 1.82 lakh crore in FY27, up from INR 1.49 lakh crore in FY26, marking a 22.3% year-on-year increase, according to an ANAROCK Research analysis of investor presentations. The projected growth comes despite higher property prices, elevated construction costs and continuing global economic uncertainty. Godrej Properties is expected to record the highest pre-sales at INR 39,000 crore, followed by Prestige Estates at INR 35,300 crore. Oberoi Realty is projected to post the strongest growth, while DLF is expected to remain broadly flat.Read more

14 Aug 2026

Ashiana Housing reported a consolidated net profit of INR 13.11 crore for the June quarter, with consolidated income from operations at INR 107 crore. The company also approved a proposal to raise up to INR 5 crore through the issue of non-convertible debentures and bonds on a private placement basis. The results come as the developer continues to operate across residential and senior living segments. Ashiana Housing has delivered more than 28 million square feet across five states and has about 7.3 million square feet under development, according to its investor information.Read more

14 Aug 2026

Radisson Hotel Group has opened Park Inn by Radisson Bengaluru Whitefield, marking the brand’s entry into one of Bengaluru’s major technology and commercial hubs. The 82-room upper-midscale property is intended to cater to rising hospitality demand from corporate travellers, project teams and urban professionals in Whitefield. The hotel strengthens Radisson Hotel Group’s presence in Bengaluru, one of India’s key business travel markets, as technology activity, commercial development and residential growth continue to influence travel patterns and accommodation demand in the eastern part of the city. The opening also adds internationally branded hotel capacity to a micro-market that has developed into an important employment and business destination. Radisson said the property was positioned to serve the evolving requirements of business travellers as Whitefield continues to attract technology companies, commercial activity and residential development.Read more

14 Aug 2026

Logicap, backed by Alta Capital, has expanded its warehousing portfolio through the acquisition of operational assets owned by Xander Investment Management. The transaction involves approximately 2.6 million sq ft of warehousing space across Chennai and Kolkata and is valued at around INR 1,500 crore. A further acquisition involving an asset in Bhiwandi is expected to take the overall transaction value to about INR 2,000 crore. The expansion will increase Logicap’s warehousing footprint and strengthen its presence across some of India’s key logistics and consumption markets.Read more

14 Aug 2026

Rating agency ICRA expects the share of green debt in the total borrowings of Indian Real Estate Investment Trusts (REITs) to climb to 15-17 per cent over the next three years, from around 12 per cent currently. Outstanding green borrowings among Indian REITs rose nearly sevenfold to approximately Rs 8,400 crore by March 2026, up from around Rs 1,200 crore in March 2022, doubling their share of total REIT debt from 6 per cent to 12 per cent over the four-year period. All five listed office REITs have achieved 5-star GRESB ratings, with green-certified penetration across their portfolios currently at 75-90 per cent, ICRA said.Read more

14 Aug 2026

The Ministry of Housing and Urban Affairs (MoHUA) utilised 99.78 per cent of its revised budget allocation during 2025-26, spending INR 57,075.19 crore against the revised estimate of INR 57,203.78 crore. The ministry’s scheme-wise expenditure was INR 52,978.83 crore against an allocation of INR 53,096.53 crore. Metro projects recorded full utilisation, while PMAY-Urban and PMAY-Urban 2.0, AMRUT, Swachh Bharat Mission-Urban and PM-eBus Sewa also recorded high utilisation. However, no expenditure was incurred under the Scheme for Industrial Housing, National Urban Digital Mission and Urban Challenge Fund, prompting concerns from a parliamentary panel.Read more

14 Aug 2026

Tribeca Developers and Ira Realty are jointly developing a Trump-branded luxury residential project in Hyderabad’s Kokapet with an overall investment of around INR 2,000 crore. Trump Towers Hyderabad will comprise two 65-storey towers with 450 apartments, including 16 penthouses, across 22 lakh square feet of developable area. The project marks the Trump brand’s first entry into South India and is expected to be completed within four years. Tribeca plans to expand its Trump-branded portfolio further, with Bengaluru and Chennai under consideration, while hotels and golf-related developments are also being explored.Read more

14 Aug 2026

Circle rates are often viewed simply as government-fixed property values used to calculate stamp duty, but their influence extends much further. They determine the minimum value at which a property can be registered, affect taxation, influence home loan eligibility, shape state revenues and even signal future infrastructure-led development. By setting a benchmark for property transactions, circle rates play a significant role in controlling market liquidity, discouraging undervaluation and influencing investment decisions. Understanding how these government valuations work is essential for buyers, sellers, developers and investors alike.Read more

14 Aug 2026

Manappuram Finance reported a sharp rise in consolidated profit for the June quarter, with earnings increasing to INR 585 crore from INR 132 crore in the corresponding quarter of the previous year. Total income also increased, supported by higher interest income and growth in net interest income. The company’s assets under management expanded by 57 per cent to INR 69,635 crore, while its gold loan AUM nearly doubled to INR 57,006 crore. The board also declared an interim dividend of INR 1 per equity share, reflecting the company’s quarterly financial performance.Read more

14 Aug 2026

The total income tax liability of entities filing returns through ITR-7 rose to INR 1,043 crore in Assessment Year 2025-26, nearly three times the liability recorded five years earlier, according to data presented in Parliament. ITR-7 is used by charitable and religious trusts, political parties, universities, colleges and research institutions, among others. While income from property held under trust for wholly charitable or religious purposes is generally exempt from income tax, the exemption is subject to conditions under the Income Tax Act, 1961. The data showed fluctuations in liability over the five-year period.Read more

14 Aug 2026

The Allahabad High Court has ruled that a bank can recover outstanding loan dues from a guarantor without first exhausting its remedies against the principal borrower. The Lucknow bench held that a guarantor’s liability is co-extensive with that of the borrower under Section 128 of the Indian Contract Act, 1872, unless the guarantee agreement states otherwise. The ruling came while dismissing petitions filed by two employees who had guaranteed loans taken by their colleague from UP Postal Primary Cooperative Bank Ltd. The court also upheld monthly salary deductions of INR 10,000 from the guarantors.Read more

14 Aug 2026

BRICS countries are discussing ways to link their central bank digital currencies (CBDCs) and fast payment systems to make cross-border payments faster and less expensive, Reserve Bank of India Governor Sanjay Malhotra said. The discussions include systems such as India’s Unified Payments Interface (UPI) and are aimed particularly at reducing costs for retail transactions, trade and remittances. Malhotra also said India is working to expand the use of the rupee in international transactions through local-currency arrangements with other countries. He added that India’s strong banking sector and macroeconomic fundamentals would help the economy manage geopolitical and external risks.Read more

14 Aug 2026

Embassy Developments Ltd reported a consolidated net loss of INR 234.40 crore for the April-June quarter of the current financial year, widening from INR 165.64 crore in the corresponding period a year earlier. The company's total income also declined sharply to INR 241.28 crore from INR 694.05 crore in the year-ago quarter. Separately, the board approved a preferential allotment of convertible warrants worth INR 363 crore to Embassy Group at INR 111.51 per share. The issue price represents an 80% premium over both the prevailing market price and the regulatory floor price prescribed under Securities and Exchange Board of India regulations. Embassy Developments is engaged in residential and commercial development across Bengaluru, the Mumbai Metropolitan Region, Delhi-NCR, Chennai and Indore.Read more

14 Aug 2026

Canada’s H&R Real Estate Investment Trust has agreed to a C$6.7 billion (USD 4.81 billion) transaction that will divide its portfolio between GO Residential REIT and a consortium including Blackstone, PSP Investments and Crestpoint. GO Residential will acquire 27 U.S. residential properties valued at about USD 2.8 billion, while the consortium will acquire H&R’s other assets. The deal values H&R at C$12.01 per trust unit, a 14.5% premium to its previous closing price. The transaction is expected to close in the fourth quarter of 2026 and represents the latest step in H&R’s multi-year portfolio restructuring.Read more

14 Aug 2026

Finance Minister Nirmala Sitharaman said multilateral development banks have an important role in reducing investment risks, improving project bankability and building investor confidence to attract private capital across BRICS economies. Speaking at a seminar on the New Development Bank’s role in private capital mobilisation, she said development finance should increasingly be based on partnerships between governments, multilateral institutions and the private sector. She highlighted India’s sustained public infrastructure investment and measures such as Viability Gap Funding, the Hybrid Annuity Model, InvITs, the National Infrastructure Pipeline and PM Gati Shakti to support greater private participation.Read more