20 Aug 2025

Nagpur Municipal Corporation's Nuisance Detection Squad has been actively penalizing individuals and builders for illegal dumping of construction materials, such as sand, gravel, and cement, on public roads and footpaths. Despite imposing fines averaging INR 12.42 lakh per month, the issue persists, with certain zones like Laxmi Nagar and Hanuman Nagar recording the highest number of violations. The ongoing encroachment of public spaces continues to cause pedestrian inconvenience and traffic congestion.Read more

19 Aug 2025

SEBI has proposed major changes to IPO rules for very large companies, aiming to ease the burden of immediate share dilution and encourage listings in India. The regulator suggests reducing the retail allocation in large IPOs and extending timelines to meet minimum public shareholding. Proposed rules vary by company size, with detailed requirements for different market capitalization bands. The changes allow companies to list with smaller IPOs initially, gradually increasing public shareholding over time. Public comments are open until early September, reflecting SEBI's consultative approach to reforming IPO norms.Read more

19 Aug 2025

The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned 232 projects worth INR 2,30,626 crore, including 162 long-tenure loans totaling INR 1,74,872 crore, the Finance Ministry told Parliament. Established in 2021, NaBFID combines developmental and financial roles, coordinating with governments, regulators, and investors to strengthen long-term infrastructure financing. The Centre has infused INR 20,000 crore equity and INR 5,000 crore as grant support. Meanwhile, cyber incidents in scheduled commercial banks rose sharply in 2024, with 82 cases causing losses of INR 114.77 crore. On housing, the SWAMIH Fund has backed 127 projects, completing over 52,000 units to revive stalled developments.Read more

19 Aug 2025

Star Housing Finance Limited announced its financial and business results for the quarter ending June 2025, reporting a 16% year-on-year growth in Assets Under Management (AUM) alongside an 11% increase in interest income. The company highlighted strong asset quality with Gross NPA at 1.65% and Net NPA at 1.13%. It also approved an increase in authorised share capital to INR 125 crores and plans to raise INR 50 crores through Non-Convertible Debentures.Read more

19 Aug 2025

The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has collected around INR 82.6 crore in property tax dues through its extended "Freedom from Penalty" amnesty scheme. The programme, earlier limited to residential properties, was widened to include commercial and industrial properties as well. The scheme allows a 95% waiver on penalty charges if dues are cleared in a single payment. More than 37,000 property owners have benefited so far. Civic officials said tax receipts for the ongoing financial year are already showing strong progress and could surpass last year's collections.Read more

18 Aug 2025

The Telangana government has approved a hike in property registration values across major urban areas, particularly inside the Outer Ring Road, where nearly two-thirds of registration revenue is generated. The increase is expected to range between 30 % and 50 %, aimed at narrowing the gap between market prices and official registration rates. Committees led by additional collectors and supported by municipal authorities are preparing proposals for cabinet approval. A public feedback process will follow before implementation. Authorities estimate that this revision could add INR 2,000-2,500 crore in annual revenue for the state.Read more

18 Aug 2025

Gurugram-based Elan Group has raised INR 140 crore from a real estate credit platform co-managed by BGO and Aditya Birla Sun Life AMC, marking another significant step in its financial restructuring. The fresh funding comes shortly after the developer secured INR 250 crore from Piramal Finance to support a commercial project and repaid INR 875 crore to PAG's Asia Pragati fund. The repayment, ahead of schedule, lowered interest liabilities and strengthened its financial position. With a history of drawing global investment including PAG's USD 110 million (INR 900 crore) in 2022 Elan appears focused on balancing debt and expansion in a competitive property market.Read more

18 Aug 2025

Godrej Properties has reported a 42 per cent increase in net debt in the June quarter, reaching INR 4,637 crore, as the company continues to expand its housing portfolio through aggressive land acquisitions. Despite the rise, its debt-to-equity ratio remains at a comfortable 0.26. The company acquired five land parcels in Mumbai, Pune, Bengaluru and Panipat during the first quarter, with projects valued at INR 11,400 crore. It aims to surpass its sales booking guidance of INR 32,500 crore for this fiscal.Read more

18 Aug 2025

Infosys has received a penalty of 97,035 Singapore dollars (over INR 66 lakh) from Singapore's tax authority for alleged delays in Goods and Services Tax (GST) payments for the April-June 2025 period. The company, which received the order on August 13, stated that the penalty does not have a material impact on its financials. In a separate development, Infosys also announced it will acquire a 75 percent stake in Versent Group, a subsidiary of Australian telecom company Telstra, for AUD 233.25 million (about INR 1,336 crore). This acquisition is part of a strategic collaboration to provide AI-enabled cloud and digital solutions for Australian businesses.Read more

17 Aug 2025

TARC Ltd has delivered a clear turnaround, posting a consolidated net profit of INR 54.21 crore for the June quarter after experiencing a loss the same time last year. Total income jumped sharply to INR 295.36 crore, up from just INR 9.62 crore previously. This follows a challenging previous fiscal year, when the company ended deep in the red with a net loss exceeding INR 230 crore on modest income. Renewed momentum was driven by its real estate developments in Delhi and Gurugram, supported by strong housing demand and improved project execution.Read more