25 Jul 2025

Shares of Reliance Power and Reliance Infrastructure each plummeted 5%, hitting their respective lower circuit limits on the BSE, after the Enforcement Directorate (ED) launched large-scale raids in connection with a INR 3,000 crore bank loan fraud involving companies linked to Anil Ambani. The ED is investigating suspected money laundering and loan diversion tied to loans disbursed by Yes Bank between 2017 and 2019. While both firms emphasized that these developments bear no impact on their operations or governance, investor concerns triggered a sharp market reaction.Read more

25 Jul 2025

Aditya Birla Real Estate Ltd (ABREL) reported a consolidated net loss of INR 27.08 crore in Q1 FY2025-26, reversing its INR 17.35 crore profit from the same period last year. The company's total income also fell to INR 157.41 crore from INR 365.24 crore year-on-year. Losses from continued operations stood at INR 47.30 crore, partially offset by a INR 20.22 crore profit from discontinued operations. Formerly Century Textiles & Industries Ltd, ABREL recently exited its pulp and paper business to concentrate solely on real estate. The results reflect the company's transitional phase as it streamlines operations and repositions itself within India's property development market.Read more

25 Jul 2025

Bengaluru's rollout of the digital e-khata system has brought hidden property tax liabilities into light. Around half a million properties were found to be underreported either by misclassifying commercial space as residential or understating built-up area leading to nearly INR 500 crore in recoveries. With over 5.5 lakh final e-khatas issued and draft versions for millions more, BBMP is sending notices and expects to recoup substantial sums yet to be assessed. This initiative builds on previous audits and is rapidly transforming tax transparency in the city.Read more

25 Jul 2025

PNB Housing Finance recorded a 23% rise in its net profit for the first quarter of FY26, driven by steady growth in loan disbursements, improved margins, and better asset quality. Profit rose to INR 534 crore, while total income crossed INR 2,080 crore. Retail-focused lending and higher disbursals in affordable and emerging segments contributed significantly. The company also improved its asset quality and strengthened its capital position, with assets under management growing 13% year-on-year.Read more

25 Jul 2025

The Indian Renewable Energy Development Agency (IREDA) is set to raise between INR 2,500 crore and INR 3,000 crore through a Qualified Institutional Placement (QIP) this fiscal year. This fundraising initiative aims to significantly boost IREDA's lending capacity to INR 30,000 crore, enabling it to further support India's ambitious renewable energy projects. A recent policy change, designating IREDA's bonds as 'long-term specified assets' for capital gains tax exemption, is expected to reduce the company's cost of capital and enhance its market appeal, reinforcing its crucial role in the nation's green energy transition.Read more

24 Jul 2025

Executive Centre India has filed its draft red herring prospectus with SEBI, seeking to raise INR 2,600 crore through a fully fresh issue IPO with no offer-for-sale component. The Mumbai-based premium flexible workspace provider plans to utilise the capital to invest in its Abu Dhabi subsidiary and part-finance the acquisition of TEC SGP and TEC Dubai from promoter TEC Singapore. With a strong pan-Asia presence and significant financial growth in FY25, the company aims to further solidify its leadership in the premium co-working space segment.Read more

24 Jul 2025

Nisus Finance Services has committed an investment of INR 115 crore through its Real Estate Special Opportunities Fund-I (RESO-I) into Kumar Vibe Properties Pvt Ltd a joint venture between Kumar Properties and Vibe Realty. The capital will fund three real estate developments: two society redevelopment projects in Khar and Goregaon (Mumbai), and a large-scale premium housing project in NIBM, Pune. Together, these projects hold a topline revenue potential of over INR 1100 crore, with Pune's project alone expected to deliver over 750 residential units. This move strengthens RESO-I's focus on de-risked, cashflow-positive urban projects.Read more

24 Jul 2025

Mindspace Business Parks REIT has added an 8 lakh sq ft commercial asset, 'Q-City', in Hyderabad's Financial District to its portfolio for INR 512 crore. The acquisition, finalized through a 100% stake in Mack Soft Tech Pvt Ltd, marks the company's first large external buy. With this move, Mindspace's total portfolio grows to 37.9 million sq ft, reinforcing its footprint in India's fastest-growing Global Capability Center hub. The asset was acquired at an 11.6% discount and reflects a 9.9% capitalization rate, signaling strategic capital deployment.Read more

24 Jul 2025

Vertis Infrastructure Trust, formerly Highways Infrastructure Trust and a SEBI-registered InvIT, has raised INR 900 crore through a Sustainability-Linked Bond (SLB), marking a significant milestone in India's ESG-focused infrastructure financing. International Finance Corporation (IFC) has come on board as the anchor investor, reflecting growing global trust in India's green finance framework. The bond ties interest rates to ESG performance targets, aligning with international sustainability benchmarks.Read more

24 Jul 2025

Adani Ports & SEZ Ltd, along with Super Handlers and Empezar Logistics, have submitted proposals to develop a substantial 174-acre multimodal logistics park in Sector Kappa-2, Greater Noida. This ambitious project, launched under a GNIDA scheme earlier this year, mandates a minimum investment of INR 1,200 crore and aims to generate over 5,000 jobs. Strategically positioned near the upcoming Noida International Airport and key freight corridors, the park will feature advanced cargo handling facilities, integrating road, rail, and air networks. This initiative is pivotal for boosting Uttar Pradesh's logistics infrastructure and transforming Greater Noida into a unified cargo hub.Read more