56 minutes ago

Property registrations in Mumbai increased 16% year-on-year to 13,413 units in June, marking the highest level recorded for the month in the past 14 years, according to Knight Frank India. The registrations, based on data from the Maharashtra Department of Registrations and Stamps, cover transactions in both the primary and secondary property markets within the Brihanmumbai Municipal Corporation (BMC) limits. The strong performance comes despite a high base in the corresponding period last year, when 11,599 properties were registered. Knight Frank attributed the growth to sustained end-user demand and continued confidence among homebuyers, reflecting the resilience of Mumbai's residential market.Read more

2 hours ago

Bharat Petroleum Corporation Ltd. (BPCL) will acquire a 40% stake in Tiki Tar and Shell India Private Ltd. (TTSIPL) for INR 85 crore to strengthen its presence in the value-added bitumen segment. The acquisition, approved by the Department of Investment and Public Asset Management (DIPAM), will enable BPCL to offer specialised bitumen products used in highways, airports and urban infrastructure projects. The company expects the partnership to support growing demand for advanced road construction materials driven by India's expanding infrastructure pipeline.Read more

Vriti Gothi

5 hours ago

Indian REITs have emerged as one of the country's fastest-growing real estate investment vehicles, with market capitalisation rising from INR 264 billion in FY20 to nearly INR 1.6 trillion in FY25. Since their inception, the country's listed REITs have distributed more than INR 29,100 crore to investors and currently offer yields of around 6-7%, among the highest globally. However, headline distributions reveal only part of the story. Occupancy levels, tenant quality, lease tenures, cash flow generation and debt management ultimately determine a REIT's ability to sustain and grow returns. As India's REIT market continues to mature, understanding these metrics is becoming essential for investors seeking to assess value, compare opportunities and identify long-term income-generating assets.Read more

Nagpur News Desk

7 hours ago

• Maharashtra has infused another INR 30 crore into the Nagpur Metro Phase-II project, taking its total equity contribution to INR 607 crore.
• The latest funding means the state has released over 60% of its committed equity share of INR 998.20 crore for the metro expansion.
• Nagpur Metro Phase-II spans 43.80 km and will improve connectivity to Kanhan, Butibori, Hingna and Transport Nagar, supporting the city's expanding urban areas.
• The project has also received approval for a 1.4-km extension of the Kamptee corridor, while construction and land acquisition continue across multiple sections.Read more

9 hours ago

The Union Cabinet has approved an additional investment commitment of INR 30,000 crore to the National Investment and Infrastructure Fund (NIIF), doubling the Government of India's total allocation to INR 60,000 crore. The fresh capital will support the launch of NIIF Infrastructure Fund II and future investment strategies focused on transportation, energy, digital infrastructure, urban infrastructure and electric mobility. Managed by National Investment and Infrastructure Fund Ltd (NIIFL), the sovereign-backed investment platform currently oversees capital commitments of around INR 40,000 crore and has returned nearly INR 12,000 crore to investors through portfolio exits. The additional allocation is expected to catalyse private investment in nationally significant sectors and strengthen India's long-term infrastructure financing ecosystem.Read more

12 hours ago

The International Financial Services Centres Authority (IFSCA) has proposed a unified Know Your Customer (KYC) framework for GIFT IFSC to streamline client onboarding across regulated entities. The draft framework introduces a unique client identification number and mandatory integration with KYC Registration Agencies (KRAs), allowing verified KYC records to be reused across institutions. The proposal aims to eliminate duplicate verification, strengthen regulatory compliance, reduce onboarding time and enhance ease of doing business within India's international financial services hub.Read more

13 hours ago

India Infrastructure Finance Company Ltd (IIFCL) is preparing to raise a USD 1 billion foreign-currency loan from overseas investors while simultaneously negotiating an additional USD 400 million loan from the Asian Development Bank (ADB), as it expands long-term funding for infrastructure financing. The proposed borrowing, which would be the state-owned lender's largest foreign-currency loan to date, follows recent Reserve Bank of India measures encouraging overseas borrowings to improve dollar inflows. The fundraising programme also includes plans for a blended finance facility and the company's first dollar-denominated bond, strengthening its resource mobilisation strategy to support infrastructure projects across sectors.Read more

16 hours ago

The boards of Power Finance Corporation (PFC) and REC have approved a merger scheme that will create a combined financing entity with a loan book exceeding INR 11 lakh crore, strengthening India's power sector financing ecosystem. Under the approved share exchange ratio, REC shareholders will receive 88 PFC equity shares for every 100 REC shares held, subject to shareholder, creditor and regulatory approvals. The merger is also contingent upon the merged entity continuing to qualify as a Government Company with majority government ownership, and is expected to enhance financing capacity for the country's expanding power and infrastructure sectors.Read more

18 hours ago

ESDS Software Solutions has filed draft papers for an initial public offering (IPO) of up to INR 600 crore, positioning itself to become India's first listed pure-play data centre and cloud infrastructure company. The company plans to use a majority of the proceeds to expand its cloud computing infrastructure and strengthen its data centre network, while supporting growing demand for AI-enabled cloud services. The proposed listing is expected to enhance ESDS' market visibility, accelerate capacity expansion and strengthen its presence in India's rapidly growing digital infrastructure sector.Read more

01 Jul 2026

Elevator manufacturer Hybon plans to invest INR 100 crore to expand manufacturing capacity, strengthen talent development and support business growth as it targets a turnover of INR 500 crore within the next three years. The company also expects revenue to grow by 20–25% in FY27, driven by capacity expansion, premium product launches and wider market presence. Alongside the investment, Hybon has entered a collaboration with Italian luxury brand Tonino Lamborghini to introduce premium elevators for residential and hospitality projects.Read more