29 Jan 2026

Axis Bank reported a 4 per cent growth in its December quarter net profit, supported by 14 per cent loan growth and a 5 per cent increase in net interest income. Retail loans grew moderately while small business lending surged, reflecting a recalibration of the loan book. Asset quality remained stable despite a rise in slippages, and gross NPAs improved. Other income rose, and the bank maintained disciplined expense management aided by technology investments. Capital adequacy stood healthy at 16.55 per cent, positioning the bank for steady, sustainable growth in the coming quarters.Read more

Lucknow News Desk

29 Jan 2026

The Lucknow Municipal Corporation (LMC) is set to propose a major increase in licence fees for hotels, restaurants, nursing homes, hospitals, pathology labs, liquor outlets and other commercial units, with some categories expected to see charges rise by up to five times under a draft fee structure slated for approval on 27 January and implementation from the 1st of April next fiscal. The proposal, framed under the Municipal Corporation bye-laws, 2003, was initially approved by the civic body in 2025 and refined after a public feedback period. Fees for nursing homes and hospitals are likely to double, while hotels and restaurants could face a five-fold increase. Penalties for late renewals are also proposed. Officials have said the revision aims to enhance compliance and regulatory oversight as fewer than half of the required establishments currently hold valid licences.Read more

29 Jan 2026

Village leaders from Delhi, representing the Delhi Panchayat Sangh and Palam 360 Village Khap, recently met the Municipal Corporation of Delhi (MCD) Standing Committee chairperson to request relief from house tax and other urban regulations. They submitted a memorandum seeking exemptions from house tax, conversion fees, parking charges, and other municipal levies, highlighting the financial burden these impose on rural residents. They also urged villages to be excluded from MCD building bye-laws and called for the de-sealing of long-blocked properties, emphasizing that such measures would support trust, development, and sustainable growth in Delhi's rural areas.Read more

Noida News Desk

28 Jan 2026

The Greater Noida Industrial Development Authority (GNIDA) has announced an e-auction for 90 ready-to-move flats in Sector Omicron-1A, offering an opportunity for aspiring homeowners to buy completed homes with immediate possession. The flats, all 2-bedroom units with a carpet area of about 83.38 sq m and a super area of 104.70 sq m, will be offered through an online auction on the 28th of January, with reserve prices set between INR 73.2 lakh and INR 74.35 lakh depending on the floor level. Interested buyers can register until mid-February, and payment can be made either upfront or in four instalments over two years. GNIDA has directed that vacant housing stock be utilised promptly to benefit residents and reduce reliance on rental accommodation.Read more

28 Jan 2026

IIFL Finance reported significant growth in its third-quarter performance, primarily driven by a sharp rise in gold loans. Home loan assets also showed steady gains, reflecting a gradual recovery in mortgages and loans against property. The company's focus on secured lending has stabilized cash flows, improved asset quality, and reduced earnings volatility. With declining NPAs, easing credit costs, and enhanced operational leverage, IIFL Finance expects consistent growth in the coming quarters. Bank partnerships and AI-driven workflows are further supporting efficiency and profitability improvements.Read more

28 Jan 2026

Waaree Renewable Technologies has approved the acquisition of a 55 per cent stake in Associated Power Structures Limited for INR 1,225 crore. The acquisition aligns with WRTL's plan to create an integrated energy platform encompassing renewable generation, EPC, and critical grid infrastructure. ASPL, founded in 1996, reported a turnover of INR 1,226.64 crore and a net worth of INR 339.53 crore in FY2024-25. The deal, advised by Singhi Advisors, will transform ASPL into a WRTL subsidiary, enhancing its capabilities to support large-scale renewable energy adoption and overall operational resilience.Read more

28 Jan 2026

India's office leasing market in 2025 saw robust growth, led by global companies leasing 58 per cent of office spaces across seven major cities. Gross leasing rose to 83.3 million square feet, driven largely by the expansion of Global Capability Centres, which occupied over 31 million square feet. Domestic firms accounted for 42 per cent of demand. Bengaluru remained the top destination for foreign investment, while coworking and managed office spaces gained traction. Experts noted that India's skilled talent pool, premium Grade A spaces, and cost advantages continue to attract international firms.Read more

28 Jan 2026

WeWork India reported a net profit of INR 16.78 crore in the third quarter, a significant improvement from a loss of INR 83.11 crore in the same period last year, driven by higher revenue of INR 643.81 crore. For the first nine months, profits remained modest at INR 9.04 crore, though income rose steadily. Operating across eight major Indian cities with 73 centres covering 8.2 million sq ft, the company emphasizes profitable growth and technology-led differentiation. The Bengaluru-based Embassy Group promotes WeWork India, which went public last year following a successful IPO.Read more

28 Jan 2026

Chronos Properties, backed by Brookfield, has renewed an INR 148 crore bank guarantee to remain in contention for acquiring IL&FS headquarters property at Bandra Kurla Complex. The guarantee was submitted to comply with directions issued by the appellate tribunal, which had warned of possible disqualification. The case stems from a dispute over IL&FS decision to revise the property's consideration from INR 1,080 crore to INR 1,481 crore under contractual and valuation provisions. The appeal is scheduled for hearing on February 2.Read more

28 Jan 2026

Sundaram Home Finance reported a 20% year-on-year increase in net profit to INR 75.14 crore for the October-December 2025 quarter, supported by steady growth in loan disbursements and a sharp rise in activity within its Emerging Business segment. Disbursements during the quarter rose to INR 1,740.79 crore, while assets under management expanded 18% to INR 18,880 crore as of end-December 2025. The Emerging Business segment recorded more than a two-fold jump in quarterly disbursements, reflecting the company's increasing focus on smaller towns and non-metro markets. For the nine months ended December 31, 2025, profit growth remained strong, aided by branch expansion and rising demand for housing finance beyond metropolitan regions.Read more