06 Nov 2025

Globe Civil Projects announced that Infomerics Ratings has revised the outlook on its bank facilities to 'positive', citing improved financial strength following its IPO earlier this year. The upgrade reflects expectations of stronger debt protection metrics, with total debt projected to fall to INR 120 crore by FY26 from INR 155 crore last year. The company's FY25 revenue rose 11% to INR 325.99 crore, supported by faster project execution and improved operating margins of 16.43%. With an order book of INR 1,001.28 crore-about three times its FY25 revenue- Globe Civil Projects enjoys solid revenue visibility, a healthier capital structure, and sustained operational momentum for the near term.Read more

06 Nov 2025

The Enforcement Directorate (ED) and the Insolvency and Bankruptcy Board of India (IBBI) have introduced a standard operating procedure to restore assets, previously attached under the Prevention of Money Laundering Act (PMLA), to banks and home-buyers affected by insolvency cases. A circular issued by the IBBI on 4 November follows coordination between the two bodies. Under the new mechanism, insolvency professionals will submit a 'standard undertaking' before special PMLA courts to enable release of attached assets for creditor benefit. The move aims to reduce delays and ensure that wrongdoers do not benefit from the process.Read more

06 Nov 2025

Brookfield India Real Estate Trust (BIRET) has announced plans to acquire 7.7 million sq ft of commercial assets in Bengaluru's Ecoworld Business Park for INR 13,125 crore. The deal, classified as a related-party transaction, will be executed on an arm's length basis. With this acquisition, BIRET aims to expand its portfolio by over 30%, marking its entry into Bengaluru, one of India's strongest office markets. The company currently operates 10 Grade A assets across major cities, including Delhi, Mumbai, Gurugram, Noida, and Kolkata.Read more

06 Nov 2025

Bharat Earth Movers Limited (BEML) entered into three memoranda of understanding (MoUs) with Dredging Corporation of India Limited (DCIL) valued at approximately INR 350 crore. These agreements cover the supply of indigenous spares for DCIL�s dredger fleet, design and construction of inland cutter suction dredgers, and development of cable dredgers, long-reach excavators and customised solutions for reservoir de-siltation and inland waterways. The collaboration aligns with India�s push for self-reliance in maritime infrastructure and builds on earlier cooperation between the two organisations.Read more

06 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) will transform seven of its sewage-treatment plants into revenue-earning units by selling about 1,200 MLD of chemically processed recycled water annually to companies including Tata Power, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) at a rate of INR 1 per kilolitre. The scheme is expected to bring in around INR 43.80 crore a year, once the upgrades to the plants in Worli, Ghatkopar, Versova, Malad, Bandra, Bhandup and Dharavi are complete.Read more

05 Nov 2025

Basic Home Loan, a New Delhi-based fintech firm, expects its FY26 revenue to reach INR 150-200 crore, up from INR 70 crore last year, driven by AI-powered solutions and stronger real estate partnerships. CEO Atul Monga said new products like HOM-i and the expanded Homfinity platform are fueling growth and customer acquisition. Founded in 2020, the company focuses on affordable, tech-enabled home loans for tier-2 and tier-3 cities, with HOM-i analysing over 3 lakh customer and 2 lakh property profiles, enabling INR 30,000 crore in sanctioned loans. Backed by Bertelsmann India Investment and Gruhas, Basic Home Loan plans a 2030 stock market listing, underscoring its long-term expansion in India's digital mortgage sector.Read more

05 Nov 2025

Aptus Value Housing Finance India reported a 24% rise in net profit to INR 227 crore for the September quarter, up from INR 182 crore last year, supported by robust business growth and improved asset performance. Total income rose to INR 554 crore from INR 435 crore, while AUM expanded 22% year-on-year to INR 11,767 crore. The board declared an interim dividend of INR 2 per share for FY26. Although gross NPAs edged up slightly to 1.55%, Managing Director P. Balaji highlighted steady disbursement growth of 24% QoQ to INR 963 crore. With a medium-term goal of INR 25,000 crore AUM, Aptus remains focused on sustaining its 25% growth trajectory and maintaining financial resilience.Read more

05 Nov 2025

SAEL Industries Ltd, a renewable energy firm that converts agricultural waste into clean energy, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise INR 4,575 crore through an initial public offering (IPO). The issue includes a fresh equity issue of INR 3,750 crore and an offer for sale of INR 825 crore by investor Norfund. The company intends to use a major portion of the proceeds to repay or prepay borrowings in its solar subsidiaries and support general corporate needs. SAEL operates one of India's largest integrated renewable energy portfolios, including solar and biomass plants across northern states.Read more

05 Nov 2025

Ashok Leyland reported total sales of 17,820 units in October, marking a 16% year-on-year increase from 15,310 units a year earlier. Domestic sales also rose 16% to 16,314 units, driven by steady demand across segments. Medium and heavy commercial vehicle sales grew 14% to 9,611 units, while the light commercial vehicle category climbed 19% to 6,703 units. The company attributed the growth to reviving industrial and infrastructure activity, which continues to strengthen freight movement and fleet replacement. Ashok Leyland's solid October performance highlights its resilient market position and suggests that momentum in commercial vehicle demand is likely to persist in the coming months.Read more

05 Nov 2025

The Tamil Nadu government has approved INR 937.36 crore for internal infrastructure development in Dharmapuri district. The funding supports roads, water supply, drainage, and lighting facilities within a new 1,733-acre SIPCOT industrial park covering several villages in Dharmapuri and Nallampalli taluks. Chief Minister M. K. Stalin also reviewed construction progress at a 10-acre modern bus stand in A Settyahalli village, developed at an estimated cost of INR 39.14 crore with support from private and public contributions. Senior officials and ministers were present during the inspection.Read more