1 hour ago

IndiGo has taken a minority stake in Bengaluru-based Sarla Aviation as it looks to enter the electric air taxi segment. The investment of around INR 10 crore was made through its venture arm and marks a renewed push into urban air mobility after an earlier global partnership did not progress. Sarla Aviation is developing a six-seater eVTOL aircraft and plans to launch services in Bengaluru by 2028. The company has already raised over USD 13 million and is also planning a large manufacturing facility in Andhra Pradesh.Read more

2 hours ago

IMGC has entered into a partnership with Bajaj Housing Finance Ltd to improve access to home loans for underserved and first-time buyers in India. The collaboration focuses on borrowers with informal income profiles or limited credit histories, who often face challenges in securing housing finance. By combining IMGC’s mortgage guarantee expertise with BHFL’s lending network, the initiative aims to address the credit gap in the affordable housing segment. The partnership will also strengthen risk-managed lending while expanding offerings such as Sambhav Loans, designed for customers outside the formal income bracket.Read more

5 hours ago

Office rentals across India’s top cities have continued to rise, with Bengaluru and Delhi-NCR crossing the INR 100 per sq ft mark for the first time, joining Mumbai. According to Knight Frank, strong leasing demand and limited new supply have driven this growth. Rental values increased between 2 per cent and 15 per cent annually during the past quarter across eight major cities. Despite a sharp rise in new completions, demand has significantly outpaced supply, leading to lower vacancy levels and tighter market conditions across key office markets.Read more

8 hours ago

Shree Cement and Ansal Housing have received separate tax-related orders from authorities, resulting in fresh financial demands, while Kesoram Industries has obtained significant relief after a reassessment reduced its tax liability sharply. Shree Cement is facing a service tax demand of INR 8.31 crore, whereas Ansal Housing has been issued an income tax demand of INR 19.20 crore for a recent assessment cycle. Kesoram’s liability, which was earlier much higher, has been reduced to INR 6.03 crore. All companies are planning to challenge or review the respective orders.Read more

12 hours ago

Net office leasing in Mumbai and Delhi-NCR declined 51 per cent year-on-year to 3.28 million sq ft during the January–March quarter, primarily due to lower fresh supply, according to Cushman & Wakefield. Leasing in Mumbai fell 38 per cent to 1.77 million sq ft, while Delhi-NCR saw a sharper 61 per cent drop to 1.51 million sq ft. Fresh supply remained limited at 0.89 million sq ft in Mumbai and 1.8 million sq ft in Delhi-NCR. Across eight major cities, leasing fell 24 per cent to 11.51 million sq ft. Despite lower absorption, office rentals continued to rise across key micro-markets, reflecting sustained demand for Grade-A spaces.Read more

15 hours ago

Bank of Maharashtra reported a strong performance for the March quarter of FY26, with net profit rising 35% to INR 2,014 crore compared to INR 1,493 crore in the same period last fiscal year. The bank also recorded higher total and interest income, supported by steady business growth. Asset quality showed improvement, with both gross and net non-performing assets declining further. While profitability and asset quality strengthened, the capital adequacy ratio witnessed a drop compared to the previous year, though it remained at a comfortable level.Read more

18 hours ago

The Public Works Department has initiated the compensation claim process for land acquired for the Ponda Bhoma highway expansion in Goa. Around 46,308 square metres of land across multiple villages has been notified, and affected landowners have been asked to submit claims. The project includes widening works, flyovers, and underpasses to ease traffic congestion. The construction contract worth INR 273 crore has already been awarded, though the work order is still pending. The project has faced local resistance earlier, mainly over land acquisition and impact on structures.Read more

21 Apr 2026

The Securities and Exchange Board of India has approved initial public offerings of Avaada Electro, Sonaselection India and Grand Housing, with observations issued over the past week. Avaada Electro plans to raise INR 9,000–10,000 crore through a mix of fresh issue and offer-for-sale, with proceeds expected to fund solar manufacturing expansion, including a 5.1 GW facility in Uttar Pradesh and capacity additions in Maharashtra. Sonaselection India will issue 1.43 crore fresh shares to reduce debt and fund capex, while Grand Housing’s IPO is entirely an offer-for-sale of 3.55 crore shares. All three companies are set to list on the BSE and NSE.Read more

21 Apr 2026

BPTP Ltd has announced a significant expansion in the Delhi-NCR real estate market with a planned investment of around INR 1,100 crore for a luxury residential project in Faridabad. The company has launched its new project named ‘Skynest’ in Sector 80, Greater Faridabad, which will include 325 residential units. The project is expected to generate a total revenue of nearly INR 1,800 crore, with apartment prices starting at around INR 5 crore. While the company has not officially disclosed the total cost, regulatory filings indicate a project cost close to INR 1,100 crore.Read more

21 Apr 2026

NBCC Ltd has completed the e-auction of approximately 14 lakh sq ft of commercial space at Bharat Business Park in Sarojini Nagar, New Delhi, achieving a total transaction value of around INR 5,779 crore. The offering, part of a larger redevelopment initiative, saw strong participation from corporates, multinational firms and institutional investors. The average realised rate stood at INR 41,207 per sq ft, surpassing the reserve price and indicating sustained demand for Grade A commercial assets in established urban locations. The monetisation forms part of a broader government-led redevelopment programme, with proceeds earmarked for financing residential colony upgrades. NBCC will earn a one per cent marketing fee from the transaction, further reinforcing its role as a key project management and monetisation agency.Read more