03 Feb 2026

NTPC Green Energy Ltd saw its consolidated net profit fall sharply by 74% to INR 17.32 crore in the December quarter due to rising expenses, despite total income increasing to INR 684.22 crore from INR 581.46 crore a year ago. The company's expenses rose to INR 615.60 crore, highlighting cost pressures in the clean energy sector. NGEL, managing NTPC's renewable projects, continues to expand through both organic and acquisition-led initiatives. The results underscore that while demand for green energy remains strong, careful expense management is essential to sustain profitability.Read more

03 Feb 2026

Global financial institutions Goldman Sachs and Morgan Stanley have jointly acquired a 4.9% stake in Mumbai-based Sunteck Realty through open market transactions valued at about INR 268 crore. The shares were sold by CLSA Global Markets, which exited its entire holding in the company. Goldman Sachs Bank Europe SE and Morgan Stanley Asia (Singapore) Pte picked up nearly equal portions at an average price of around INR 375 per share. The transaction highlights continued institutional interest in listed Indian real estate developers.Read more

03 Feb 2026

Dubai-based workspace provider CorporatEdge has partnered with Braymont Holding to expand its Global Capacity Centres (GCCs) across the Gulf region with a combined investment of INR 225 crore. The first UAE Offitel in Downtown Dubai spans 36,000 sq ft and includes 95 fully serviced premium suites. The centre caters to global enterprises, regional headquarters, and fast-growing companies with scalable office solutions, concierge services, wellness-oriented spaces, and collaborative meeting areas. The joint venture aims to establish future-ready, hospitality-led workplaces leveraging both global expertise and local market understanding.Read more

03 Feb 2026

India Power Corporation Limited has partnered with Bhutan's Green Energy Power Private Limited to develop a 70 MW solar project in Paro, part of a larger 1.5 GW solar expansion planned over the next five years. The move comes as Bhutan's power demand is set to more than double, driven by urban development, industrial growth, and digital infrastructure. The Tenchuka site offers favorable conditions for solar energy and easy power evacuation. This initiative marks Bhutan's first independent power producer solar project and highlights growing Indian investments in Bhutan's renewable sector.Read more

02 Feb 2026

The National Bank for Agriculture and Rural Development has projected Madhya Pradesh's priority sector credit potential at INR 3,75,384.29 crore for the financial year 2026-27, underscoring the continued dominance of agriculture in the state's economy. Presented during the State Credit Seminar in Bhopal, the State Focus Paper highlighted that agriculture contributes over 44 per cent to the state's gross state domestic product, driving sustained demand for institutional finance. Of the total projected credit, more than INR 2.08 trillion has been earmarked for agriculture and allied activities, while INR 1.46 trillion has been assessed for the MSME sector. The projections also cover sectors such as housing, renewable energy and social infrastructure, reflecting a broad-based assessment of the state's rural and economic development needs.Read more

02 Feb 2026

Shares of infrastructure companies gained sharply after the Union Budget 2026-27 proposed an increase in capital expenditure to INR 12.2 lakh crore, reinforcing the government's focus on infrastructure-led growth. Stocks of major engineering and construction firms rose on the BSE as investors reacted positively to the higher outlay and the announcement of an infrastructure risk guarantee fund aimed at attracting private capital. The finance minister presented the budget in Parliament earlier this week, highlighting infrastructure as a key driver of economic expansion amid global uncertainties. Market participants and industry executives indicated that the continued rise in public spending, alongside new risk-mitigation mechanisms, is expected to support long-term capacity creation, job generation and private sector participation across core infrastructure segments.Read more

02 Feb 2026

Cement manufacturers have welcomed the Union Budget 2026-27, stating that the sharp rise in public capital expenditure to INR 12.2 lakh crore reinforces infrastructure as the backbone of economic growth and improves long-term visibility for the sector. Industry representatives said the focus on Tier-II and Tier-III cities, City Economic Regions and major logistics reforms would accelerate construction activity across housing, transport and urban services. Measures such as new freight corridors, expansion of national waterways and high-speed rail corridors are expected to reduce logistics costs and support demand. The industry also highlighted the INR 20,000 crore allocation for carbon capture, utilisation and storage as a key step towards decarbonising emissions-intensive sectors such as cement.Read more

Hyderabad News Desk

02 Feb 2026

Apple India has expanded its corporate presence in Hyderabad by leasing an additional approximately 57,000 sq ft of Grade A office space at the prominent WaveRock IT Park in the city's Financial District. The new lease, taken on a five-year term, brings the company's total footprint at the WaveRock campus to around 6.34 lakh sq ft of office space, according to property documents accessed by Propstack. The space is in Tower 2.1 of the campus and includes a security deposit and an annual rental escalation clause, reflecting a continuing commitment to Hyderabad as a key technology and innovation hub. Apple's incremental expansion at the site, which it first entered in 2016, aligns with broader trends of multinational firms deepening operations in the southern Indian city, contributing to robust office leasing activity and strengthening Hyderaba's appeal within India's commercial real estate market.Read more

Mumbai News Desk

02 Feb 2026

Serene Communities, the senior living platform of Columbia Pacific Communities, has announced plans to invest INR 3,000 crore to develop approximately 2.5 million sq ft of senior housing across 13 projects in six Indian cities, including Bengaluru, Chennai, Mysuru, Kochi, Hyderabad and Pune, with apartments expected to be priced between INR 70 lakh and INR 1.5 crore, according to company leadership. The expansion is being propelled through strategic partnerships with regional developers such as Embassy Group and Gardencity in Bengaluru, Prathima Developers in Hyderabad and Cybercity in Pune, signalling a collaborative model rather than standalone development. Serene Communities is also exploring entry into the Mumbai market, particularly in the New Mumbai belt near Vashi-Panvel and Thane, where land economics are more favourable. The initiative reflects growing demand for professionally managed, community-oriented senior living solutions as India's elderly population expands and lifestyles evolve.Read more

02 Feb 2026

The Maharashtra government has approved a policy to waive stamp duty and registration charges on the sale and purchase of so-called enemy properties in the state to encourage higher participation in their auctions. Enemy properties are assets left behind by individuals who migrated to countries India considers hostile after past conflicts, mainly Pakistan and China, and are currently vested with the Custodian of Enemy Property for India (CEPI). Historically, these assets have seen low interest in auctions due to additional transaction costs and legal complexities. By scrapping the stamp duty component, Maharashtra aims to lower the cost barrier for buyers and make auctions more attractive, potentially speeding up the monetisation and utilisation of these idle properties. The move is expected to help the state monetise a backlog of such assets, particularly in regions like Mumbai, Thane, Palghar and elsewhere.Read more