21 Aug 2025

Honda Motor Co Ltd has established a new subsidiary, Honda Finance India Pvt Ltd, to provide retail financing services in the country. The company plans to offer loans and lease options for its motorcycles and cars, in line with rising demand for vehicle financing. Traditionally, such services in India have been led by local banks and financial institutions. With this move, Honda joins eight other countries where it already operates dedicated financing subsidiaries. The company will soon apply for a non-banking financial company (NBFC) license before starting operations.Read more

21 Aug 2025

At Ficci's MASSMERIZE 2025, Reliance Retail President Ravi Gandhi called for reforms to India's outdated licensing framework for organised retail. He said the current store-by-store licensing model creates repetitive paperwork, delays, and slows expansion. Instead, Gandhi proposed a shift to entity-based unified licensing, where one license could cover multiple outlets under a company, simplifying compliance and improving ease of business. He also suggested moving inspections to after license approval, enabling faster store openings without reducing oversight. With organised retail expanding rapidly to meet evolving consumer demand, Gandhi stressed that modernising regulations is essential to support growth and efficiency in the sector.Read more

21 Aug 2025

Delhi's municipal bodies are moving towards major property tax reforms aimed at bringing clarity, fairness, and ease for taxpayers. The New Delhi Municipal Council (NDMC) has suggested shifting from the old "rateable value" method to a unit area-based system, where tax is linked to property size, age, and condition. Meanwhile, the Municipal Corporation of Delhi (MCD) has recommended limiting retrospective assessments to seven years and ensuring physical surveys before issuing new bills. Both civic bodies are also pushing to replace imprisonment and harsh fines with monetary penalties, reducing legal strain for property owners across the city.Read more

21 Aug 2025

Infrastructure and EPC firm Vikran Engineering is set to launch its initial public offering (IPO) on August 26, aiming to raise INR 772 crore. The IPO, which will close on August 29, has a price band of INR 92 to INR 97 per share. The proceeds from the fresh issue, amounting to INR 721 crore, will be primarily used to fund the company's working capital needs, crucial for its large and growing order book. This public issue comes as the company reports strong financial performance, with revenues growing by over 16% in the last fiscal year. The IPO is a strategic move to leverage India's robust infrastructure development and capitalize on the government's significant capital expenditure in the sector.Read more

21 Aug 2025

Omaxe Ltd, a prominent real estate developer in India, has reported a consolidated net loss of INR 185.77 crore for the first quarter of fiscal year 2025-26. This marks a significant increase from the INR 146.98 crore loss reported in the same period the previous year. The company's total income declined to INR 298.03 crore, down from INR 385.23 crore in the corresponding quarter of the previous fiscal year. Despite these financial challenges, Omaxe continues to expand its portfolio, having recently acquired 450 acres of land in Indore, Madhya Pradesh, for a township development project valued at INR 1,200 crore. Additionally, the company secured INR 500 crore in funding from Oaktree Capital Management to support its ongoing and future projects.Read more

21 Aug 2025

EFC India, a provider of managed office infrastructure and design services, has begun trading on the National Stock Exchange after being listed on BSE. The move is expected to improve liquidity, strengthen investor trust, and widen the company's reach. In its recent quarterly results, the firm reported nearly 200% profit growth, with operating revenue more than doubling. Seat capacity crossed 60,000, supported by rising demand from sectors such as IT/ITeS, BFSI, and e-commerce. With a strong order book, including a new INR 57 crore fit-out contract, the company is positioned for steady expansion.Read more

21 Aug 2025

Inox Wind Ltd. has announced a record-breaking performance for the first quarter of the fiscal year, posting its highest-ever profit after tax of INR 97 crore. The robust financial results were driven by a 32% year-on-year surge in revenue, reaching INR 863 crore, and strong operational execution. The company successfully executed 146 MW of projects during the quarter and maintained a diversified order book of approximately 3.1 GW, ensuring strong revenue visibility for the next two years. The positive results, combined with a recent corporate merger and the commissioning of new manufacturing units, highlight the company's strengthened position in India's expanding wind energy market.Read more

20 Aug 2025

KVN Properties, a new real estate firm founded by former Prestige Estates CEO Venkat K Narayana, is in discussions to raise INR 1,000 crore from Kotak Realty Fund. The proposed fundraise, to be secured through the issue of debentures, is aimed at acquiring a portfolio of land parcels with development potential across India. The company, which has already finalized joint ventures with leading developers like Puravankara and Assetz Group in Bengaluru, aims to have a land bank with a gross development value (GDV) of over INR 4,300 crore. The fund will enable KVN Properties to capitalize on the strong demand in India's residential and commercial real estate sectors and expand its footprint through a joint development model.Read more

20 Aug 2025

Gem Aromatics Ltd, a maker of special ingredients for consumer and personal care products, saw its INR 451 crore public offering get fully bought up on its first day of bidding on August 19. The public offering, which has a price range of INR 309 to INR 325 per share, received bids for 1.03 times the shares on offer, with a lot of interest from both individual and institutional investors. The company plans to use the money mostly for paying back debt and for general company needs. This good demand shows investor trust in the specialty chemicals sector, a key part of India's growing economy, and Gem Aromatics' strong market spot as a specific type of player with many different clients, including industry leaders like Dabur and Colgate-Palmolive.Read more

20 Aug 2025

The initial public offering (IPO) of Shreeji Shipping Global Ltd, a provider of dry bulk cargo solutions, received a healthy subscription of 2.13 times on its first day of bidding on Tuesday. The INR 411-crore share sale saw robust interest from non-institutional and retail investors, with the Qualified Institutional Buyers (QIB) portion also fully subscribed. The IPO, which has a price band of INR 240-252 per share, is a fresh issue with no offer-for-sale component. The company plans to use the largest part of the IPO funds to purchase "supramax" dry bulk carriers. This strategic investment is intended to expand its fleet and take advantage of the growing maritime logistics sector in India. The public can subscribe to the IPO until August 21.Read more

20 Aug 2025

In a major enforcement drive, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registrations of 4,812 housing projects across the state and frozen their associated bank accounts. This decisive action was taken against developers who failed to provide mandatory construction updates or apply for project extensions, despite having been issued show-cause notices months ago. The move is a significant step towards ensuring accountability and financial discipline in the real estate sector while protecting the interests of thousands of homebuyers.Read more

20 Aug 2025

In a major appeal to the West Bengal government, the Confederation of Real Estate Developers' Associations of India (CREDAI) has urged authorities to reconsider a new rule that requires stamp duty to be calculated on a property's super built-up area (SBUA). The recent amendment by the Directorate of Registration and Stamp Revenue has caused widespread disruption, stalling property registrations across the state. CREDAI argues that the SBUA lacks a standardized definition and leads to a lack of transparency for homebuyers. The association is advocating for the state to revert to the more transparent and RERA-compliant method of calculating stamp duty based solely on the carpet area to ensure clarity and prevent further market confusion.Read more

20 Aug 2025

SEBI's Secondary Market Advisory Committee (SMAC) met this week to review proposals aimed at strengthening India's trading ecosystem. Key discussions included revising broker position limits in equity derivatives, with a plan to raise end-of-day index futures limits from INR 500 crore to INR 1,500 crore and add a new intraday cap of INR 2,500 crore. Governance reforms for Market Infrastructure Institutions were also discussed, including appointing two independent Executive Directors to oversee compliance and operations, and linking top officials' variable pay to accountability standards. Other proposals included refining IPO price discovery mechanisms and introducing systematic withdrawal and transfer options for mutual fund investors.Read more

20 Aug 2025

REA India, the company behind platforms like Housing.com and Makaan.com, has reported a strong financial year, with revenue growing by 25% to INR 711 crore for the fiscal year ending June 2025. The company also significantly reduced its EBITDA loss, signaling a clear path towards profitability. This performance is driven by the company's decision to move away from the full-stack real estate model. REA India's recent divestment of its housing brokerage arm, PropTiger, to Aurum PropTech for INR 86.45 crore, will allow it to focus on scaling its core technology platforms. The move aims to capitalize on the sustained demand for residential properties and solidify its position in the rapidly evolving Indian real estate technology market.Read more

20 Aug 2025

The total assets under management (AUM) of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) in India witnessed significant growth, nearly touching USD 94 billion in the past fiscal year, compared with USD 42.1 billion recorded in 2019-20, as highlighted in a recent report by Knight Frank. With five REITs and 17 InvITs now listed on Indian stock exchanges, the market capitalisation of these instruments stood at USD 33.2 billion by the end of July 2025.Read more

20 Aug 2025

Nagpur Municipal Corporation's Nuisance Detection Squad has been actively penalizing individuals and builders for illegal dumping of construction materials, such as sand, gravel, and cement, on public roads and footpaths. Despite imposing fines averaging INR 12.42 lakh per month, the issue persists, with certain zones like Laxmi Nagar and Hanuman Nagar recording the highest number of violations. The ongoing encroachment of public spaces continues to cause pedestrian inconvenience and traffic congestion.Read more

20 Aug 2025

India's office market demonstrated a strong 24% rise in net leasing across eight major cities in the first half of 2025, reaching 27.8 million sq ft. This growth was driven by key markets like Mumbai, Pune, Delhi-NCR, and Chennai. While Bengaluru saw a 3% decline, the overall market remains robust, with a 14% increase in new supply. This trend highlights a strong economic outlook, as India's office sector continues to outperform global trends.Read more

19 Aug 2025

SEBI has proposed major changes to IPO rules for very large companies, aiming to ease the burden of immediate share dilution and encourage listings in India. The regulator suggests reducing the retail allocation in large IPOs and extending timelines to meet minimum public shareholding. Proposed rules vary by company size, with detailed requirements for different market capitalization bands. The changes allow companies to list with smaller IPOs initially, gradually increasing public shareholding over time. Public comments are open until early September, reflecting SEBI's consultative approach to reforming IPO norms.Read more

19 Aug 2025

The Delhi Development Authority has rolled out its revamped Special Licence Property framework, with Fleur Hotels, a subsidiary of Lemon Tree Hotels, securing the first project under this scheme. The company won the rights to develop a five-star hotel on a two-acre site in Nehru Place with an annual licence fee of INR 27.19 crore, significantly higher than the base rate. The 55-year contract is projected to generate INR 10,000 crore in revenue, while Aurika, the planned luxury property, will feature over 500 rooms and expansive facilities.Read more

19 Aug 2025

The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned 232 projects worth INR 2,30,626 crore, including 162 long-tenure loans totaling INR 1,74,872 crore, the Finance Ministry told Parliament. Established in 2021, NaBFID combines developmental and financial roles, coordinating with governments, regulators, and investors to strengthen long-term infrastructure financing. The Centre has infused INR 20,000 crore equity and INR 5,000 crore as grant support. Meanwhile, cyber incidents in scheduled commercial banks rose sharply in 2024, with 82 cases causing losses of INR 114.77 crore. On housing, the SWAMIH Fund has backed 127 projects, completing over 52,000 units to revive stalled developments.Read more