03 Nov 2025

The Syama Prasad Mookerjee Port (SMPK) in Kolkata has announced investment commitments worth more than INR 48,000 crore through multiple agreements signed during India Maritime Week 2025. These partnerships involve major companies such as Haldia Petrochemicals Ltd, Dredging Corporation of India Ltd, Adani Ports, JSW Infrastructure, Srijan Realty and HUDCO. The agreements cover areas like dredging, terminal development, petroleum infrastructure, real-estate projects, and logistics connectivity. This development aligns with SMPK's goal of expanding its port capacity and integrating industrial and real-estate growth across the eastern region.Read more

03 Nov 2025

The National Highways Authority of India (NHAI) reported savings of about INR 2,062 crore in toll-collection expenses during the last financial year. The cost of collection dropped from 17.27% to 9.27%, supported by reforms in contract management and improved monitoring. Total toll receipts rose to INR 28,823 crore, while remittances to NHAI increased to INR 26,149 crore. The authority credited this progress to tighter contract durations, transparent bidding processes, and the introduction of a "Windfall Gain" clause designed to ensure fair revenue sharing with toll agencies.Read more

03 Nov 2025

PNB Housing Finance has reported a consolidated net profit of INR 581.59 crore for the quarter, reflecting a 23.83 per cent year-on-year rise. Total income grew 13.35 per cent to INR 2,130.60 crore. The company's asset-under-management expanded by 12.3 per cent to INR 83,879 crore, with affordable and emerging market segments showing 34 per cent growth and now comprising 38 per cent of the retail loan book. Borrowing costs eased to 7.69 per cent, and spreads improved to 2.26 per cent, supported by disciplined pricing and a strategic loan mix.Read more

02 Nov 2025

LIC Housing Finance reported a net profit of INR 1,349.37 crore for the quarter ended September, marking a 1.63 per cent increase over the corresponding period of the prior year. The lender's total income rose by 3.48 per cent to INR 7,179.77 crore, driven by a 6 per cent expansion in its loan portfolio. Individual home-loan disbursements grew by 3 per cent, while key credit-quality metrics improved. The company signalled optimism for business growth for the current fiscal, citing lower interest rates and improved sentiment.Read more

02 Nov 2025

Realty firm Brigade Enterprises Ltd reported a consolidated net profit of INR 162.5 crore for the quarter, up 37 % from INR 118.98 crore in the same period last year. Total income rose to INR 1,429.86 crore from INR 1,138.13 crore. The company noted it is entering the second half of the fiscal year with strong tailwinds, backed by a robust launch pipeline, healthy leasing and hospitality growth. Founded in 1986, the group has a presence in residential, office, mall, hospitality and education segments across Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram and GIFT City.Read more

02 Nov 2025

Adani Power recorded a 12% decline in its consolidated net profit to INR 2,906 crore for the September quarter, primarily due to higher expenses. While profit fell from INR 3,297.52 crore in the same period last year, total income rose to INR 14,307.79 crore, supported by higher power sales despite lower merchant tariffs and coal prices. The company's consolidated capacity increased to 18,150 MW after acquiring Vidarbha Industries Power Ltd. Adani Power also signed new long-term agreements and advanced several major power projects across multiple states.Read more

02 Nov 2025

The parent company of OYO, PRISM, has approved an increase in its authorised share capital from INR 2,431.13 crore to INR 2,433.13 crore by adding 20 lakh compulsorily convertible preference shares (CCPS) of INR 10 each. It is also issuing sweat-equity shares (about 47.5 lakh each) to independent directors Troy Matthew Alstead and William Steve Albrecht at INR 37.12 per share, with a three-year lock-in. Existing shareholders will receive bonus CCPS at one bonus for every 6,000 equity shares held. These moves form part of a comprehensive structuring effort as PRISM advances toward filing its draft prospectus and targeting a USD 7-8 billion IPO.Read more

01 Nov 2025

Larsen & Toubro (L&T) reported a 15.6% rise in consolidated net profit to INR 3,926.09 crore for the September quarter, compared with INR 3,395.29 crore a year earlier, driven by strong revenue and order growth. Revenue from operations climbed 10% to INR 67,983.53 crore, while order inflows surged 39% year-on-year to INR 2,10,237 crore, with 59% from international projects. CFO R. Shankar Raman said the firm expects to divest its Hyderabad Metro stake soon and exceed its order guidance for FY26. CMD S. N. Subrahmanyan highlighted steady execution across portfolios and robust prospects in India and the Middle East, underscoring L&T's sustained growth and global resilience.Read more

01 Nov 2025

Raymond Lifestyle reported a two-fold rise in consolidated net profit to INR 75.19 crore for the September quarter, up from INR 42.18 crore a year earlier, driven by strong domestic demand in its textile and apparel segments. Revenue rose 7.26% to INR 1,832.4 crore, while EBITDA stood at INR 259 crore with a 13.9% margin, despite higher advertising spends. The textile segment grew 10% to INR 937 crore, and branded apparel revenue rose 11% to INR 491 crore. Global operations faced headwinds from U.S. tariffs on Indian exports, but local growth offset the impact. With 1,663 stores nationwide and continued retail expansion, Raymond Lifestyle remains well-positioned to sustain its market leadership in fashion and lifestyle retail.Read more

01 Nov 2025

Vertis Infrastructure Trust, backed by KKR and the Ontario Teachers' Pension Plan, has appointed Axis Capital, Ambit Capital, and Avendus Capital as lead managers for its planned Indian initial public offering (IPO) worth up to USD 568 million. The infrastructure investment trust (InvIT) is expected to seek regulatory approval within the next few weeks and aims to list by the second quarter of 2026. The decision comes amid a strong year for Indian public markets, where companies have already raised around USD 16 billion through IPOs, according to Dealogic.Read more