2 hours ago

HDFC Bank shares extended their losing streak for the third consecutive session, with the stock declining more than 8 per cent over three trading days and eroding nearly INR 1 lakh crore from the bank's market capitalisation. The sharp fall came despite the lender reporting a rise in June quarter net profit, as investors remained concerned about pressure on net interest margins (NIMs) and weaker operating performance. The decline also pushed HDFC Bank to the third position in India's market capitalisation rankings, behind Reliance Industries and Bharti Airtel.Read more

3 hours ago

Air India will resume non-stop flights between Delhi and Toronto from August 1 by deploying its new Boeing 787-9 Dreamliner aircraft on the route. The airline will also increase flight frequency from five weekly services to a daily schedule. The move comes more than a year after the closure of Pakistan's airspace forced Air India to operate longer routes with a fuel stop in Vienna. The new aircraft will reduce travel time by nearly three hours and offer upgraded cabin products across business, premium economy and economy classes as part of the airline's fleet modernisation.Read more

4 hours ago

IndiaMART InterMESH Ltd reported a steady financial performance for the first quarter of FY27, driven by growth in its core business and accounting software segment. The company's net profit and revenue both recorded double-digit year-on-year growth, while expenses also increased in line with business expansion. Total income crossed INR 521 crore during the quarter, supported by higher operational revenue and other income. The results reflect continued demand for the company's digital B2B marketplace and related software offerings.Read more

23 Jul 2026

Flexible workspace operator 315Work Avenue has leased 45,000 sq ft of office space at Bhartiya City, Thanisandra, Bengaluru, as part of its expansion strategy in India's managed office market. The new enterprise-grade workspace is intended to meet rising demand from enterprises, Global Capability Centres (GCCs), technology companies and high-growth start-ups seeking flexible office solutions. The transaction was facilitated by Colliers India. Bengaluru-based 315Work Avenue currently manages around 4 million sq ft of office space, comprising 80,000 seats across 55 locations in Bengaluru, Chennai, Hyderabad, Mumbai and Pune, strengthening its presence in key commercial markets.Read more

23 Jul 2026

Flexible workspace operator Smartworks Coworking Spaces Ltd reported a consolidated net profit of INR 13.14 crore for the first quarter of FY27, compared with a net loss of INR 4.19 crore in the corresponding period last year. The improvement was supported by a 44% increase in total income, which rose to INR 559.66 crore from INR 387.98 crore a year earlier. As of 30 June 2026, the company operated a portfolio of 16.9 million sq ft across 70 centres in 15 cities in India and Singapore. Smartworks also reported a net profit of INR 10.52 crore on INR 1,850 crore in revenue for FY26.Read more

23 Jul 2026

Welspun One has leased approximately 15,000 sq ft of space at its Grade-A Urban Distribution Centre within the World Trade Centre (WTC) Thane to Novel Jewels Ltd, an Aditya Birla Group company. Announced in the past week, the lease will enable Novel Jewels to establish its storage and distribution operations closer to key consumption markets across the Mumbai Metropolitan Region (MMR). The transaction highlights increasing demand for institutional-grade logistics facilities capable of supporting businesses handling high-value inventory with enhanced security, operational continuity and scalability. Developed as a mixed-use business ecosystem, WTC Thane integrates urban distribution, commercial spaces, workplaces and supporting infrastructure, catering to occupiers seeking efficient last-mile connectivity within one location.Read more

23 Jul 2026

Methaq Real Estate Investment Company PSC has reported a net loss of 60,499 dinars for the second quarter, according to its latest financial disclosure. The update reflects the company's quarterly financial performance and comes after the company had returned to profitability in its full-year 2025 results. Methaq operates in the real estate development and investment sector in Jordan, with activities spanning land acquisition, property development, leasing, and real estate investments. The latest earnings announcement provides investors with an update on the company's financial position for the quarter.Read more

23 Jul 2026

Delta Property Fund has announced the proposed sale of Hatfield Forum East for ZAR 35 million in an all-cash transaction as part of its ongoing asset disposal strategy. The company also confirmed the successful transfer of the In2Fruit and 88 Field Street properties, marking further progress in executing its property sales programme. The disposal forms part of Delta's efforts to streamline its portfolio, strengthen liquidity and reduce debt. The company has been pursuing selective asset sales over the past few years to improve its financial position and focus on long-term portfolio optimisation.Read more

23 Jul 2026

Bank of Baroda has introduced a series of new digital banking and customer service initiatives as part of its 119th foundation day celebrations, strengthening its focus on technology, retail banking and MSME services. In separate developments, Bajaj Life Insurance has launched a new index fund linked to the Nifty 200 Value 30 Index for ULIP policyholders, while ICICI Prudential Mutual Fund has introduced a new exchange-traded fund tracking the BSE Insurance Index. These launches reflect the continued expansion of digital banking and investment offerings across India's financial sector.Read more

23 Jul 2026

The Directorate General of Civil Aviation (DGCA) is developing a digital platform on the eGCA portal to streamline the reporting and processing of aviation incidents. The initiative is expected to improve the speed and efficiency of mandatory occurrence reporting while strengthening aviation safety oversight. The government also reiterated that domestic airfares remain market-driven, with prices determined by demand, fuel costs and other operational factors. However, it clarified that it can intervene in exceptional situations by capping fares or reallocating airline capacity to protect passenger interests.Read more

23 Jul 2026

Banks and financial institutions reported fraud involving INR 1.42 lakh crore over the last five financial years, while recoveries from fraud accounts stood at INR 6,389 crore during the same period. The government informed Parliament that public sector banks have also taken legal action against thousands of wilful defaulters through recovery suits, SARFAESI proceedings and FIRs. Separately, complaints related to recovery agents more than doubled in FY26, prompting the Reserve Bank of India to strengthen guidelines aimed at protecting borrowers from coercive recovery practices.Read more

23 Jul 2026

Goa Tourism has reviewed a series of initiatives aimed at strengthening the state's position as a year-round tourism destination. The plans include a proposed partnership with TUI Group to improve Goa's visibility in Europe, large-scale celebrations for World Tourism Day 2026, and the promotion of sports tourism through international events. The state is also focusing on digital transformation, sustainability, stakeholder collaboration and community participation as part of its long-term tourism strategy to attract diverse visitor segments and strengthen its global presence.Read more

23 Jul 2026

Bandhan Bank reported a strong financial performance for the first quarter of FY27, with net profit rising 35% year-on-year to INR 502 crore, supported by growth in lending and improved asset quality. Net interest income also increased during the quarter, while gross advances recorded double-digit growth across key business segments. The bank reduced provisions significantly, maintained a healthy capital position, and continued to strengthen its retail and digital banking business. The board also approved the appointment of an interim Chief Financial Officer, effective from September 26, 2026.Read more

23 Jul 2026

Indian Overseas Bank (IOB) reported a strong performance for the first quarter of FY27, with consolidated net profit rising 45.64 per cent year-on-year to INR 1,716.29 crore. The growth was supported by higher net interest income, strong non-interest income, lower bad loans and healthy loan and deposit growth. The bank also outlined its plans to raise capital through an offer-for-sale (OFS) and a qualified institutional placement (QIP), while remaining optimistic about corporate lending, FCNR-B deposits and credit growth during the current financial year.Read more

22 Jul 2026

IndiGo has selected Honeywell Aerospace's avionics and power systems for 810 Airbus A320neo family aircraft that will join its fleet over the coming years, marking one of the largest equipment agreements for the aerospace company. The partnership strengthens IndiGo's long-term fleet expansion strategy as it continues to grow its domestic and international operations. Honeywell will supply critical onboard systems and provide aftermarket support, building on its decade-long association with the airline and supporting the carrier's expanding fleet.Read more

22 Jul 2026

The Mumbai Port Authority (MbPA) has intensified its efforts to recover nearly INR 3,500 crore in unpaid lease rentals from eight major defaulting entities occupying port land on Mumbai's eastern waterfront. The authority has appointed senior legal officials and leading law firms to pursue recoveries and plans to initiate criminal action against unauthorised occupants. MbPA said the unpaid dues are affecting funding for key waterfront redevelopment and maritime infrastructure projects under its long-term master plan, while urging tenants to clear their outstanding liabilities.Read more

22 Jul 2026

Smartworks Coworking Spaces Ltd has expanded its engagement with L&T Technology Services by leasing more than 1,100 managed workspace desks at its Pune facility. The five-year agreement is expected to generate rental income of INR 55 crore for Smartworks. With the latest transaction, the flexible workspace operator now manages over 2,750 desks for L&T Technology Services across multiple cities. The deal reflects continued demand from large enterprises for managed office campuses offering operational flexibility and scalability. As of the end of FY2025–26, Smartworks operated a portfolio of 16.1 million sq ft across 66 centres in India and Singapore, serving more than 770 enterprise clients.Read more

22 Jul 2026

The Andhra Pradesh government's Greenfield International Airport at Bhogapuram, developed by GMR Visakhapatnam International Airport Limited on a public-private partnership basis, is set to be inaugurated by Prime Minister Narendra Modi on August 1, as confirmed by Chief Minister Chandrababu Naidu. Built over 2,203 acres near Visakhapatnam at an estimated cost of INR 4,592 crore, the airport has already cleared a validation flight and received its aerodrome licence. The project, which has seen its opening date revised several times, is now positioned to reshape connectivity and economic activity across North Andhra.Read more

22 Jul 2026

Healthpeak Properties and Brookfield Asset Management have entered into a strategic joint venture valued at approximately USD 2.1 billion to strengthen their healthcare real estate portfolio. Under the agreement, Brookfield has acquired a 49% stake in the venture, while Healthpeak has retained a 51% ownership and will continue to manage the assets. The transaction has generated USD 1.02 billion in proceeds for Healthpeak through the sale of its minority interest. The agreement also provides Healthpeak with the option to repurchase Brookfield's stake after the seventh year under pre-agreed terms.Read more

22 Jul 2026

Eyewear retailer Lenskart has leased 88,343 sq ft of office space at Worldmark 6 in Delhi Aerocity, reinforcing its corporate presence in one of the capital's leading commercial districts. The long-term lease is estimated to have a rental outgo of around INR 232 crore over its tenure, according to property registration documents. The transaction reflects continued demand from occupiers for premium Grade A office spaces in established business hubs offering strong connectivity and modern infrastructure. Delhi Aerocity has witnessed sustained leasing activity from companies across technology, consulting, aviation, financial services and consumer sectors.Read more