15 Aug 2025

Puravankara Ltd recorded a consolidated net loss of INR 68.55 crore in the April-June quarter, reversing from a net profit of INR 14.78 crore in the same period last year. The Bengaluru-based realty firm's total income dropped to INR 538.64 crore from INR 675.55 crore year-on-year, reflecting a decline in revenue. Although total expenses decreased slightly from INR 654.41 crore to INR 628.76 crore, it was not enough to offset the fall in income. On a positive note, sales bookings rose by 6% to INR 1,124 crore, while sales volume slipped marginally but the average realisation improved by 9% to INR 8,988 per sq ft, indicating better pricing despite volume pressure.Read more

15 Aug 2025

Genus Power Infrastructure posted a standalone net profit of INR 128.5 crore for the June quarter, over three times last year's INR 40.7 crore, driven by strong revenue growth and operational gains. Revenue rose to INR 942.4 crore from INR 414.2 crore, supported by higher sales volumes and efficiency improvements, despite increased finance costs. Known for smart metering solutions, the company credited the performance to robust execution and rising demand as utilities and industries adopt digital energy management. With government-backed energy efficiency initiatives boosting advanced metering infrastructure, Genus Power continues to strengthen its position in India's smart metering sector.Read more

14 Aug 2025

Kalpataru Ltd reported a substantial consolidated net loss this week INR 49.42 crore markedly higher than the minor INR 0.69 crore loss in the same period last year. Total income dropped notably to INR 456.78 crore, although pre-sales rose sharply by 83 per cent to INR 1,249 crore and collections climbed 37 per cent. A significant factor behind the figures is the project-completion method now used for revenue recognition, leading to mismatched expenses and income. Despite strong demand and pricing, the timing of revenue booking overshadowed operational prospects.Read more

14 Aug 2025

Vikram Solar, a solar module maker, has set a price band of INR 315 to INR 332 per share for its upcoming INR 2,079 crore Initial Public Offering (IPO). The IPO, which will open for subscription on August 19, will include a fresh issue of up to INR 1,500 crore to fund capital expenditure for its subsidiary, VSL Green Power Private Ltd. The remaining amount will be an offer for sale by promoters. This public issue, which reflects Vikram Solar's strong financial performance and growing capacity, is aimed at strengthening the company's position in India's renewable energy sector.Read more

14 Aug 2025

The Supreme Court has directed a fresh Special Investigation Team (SIT) to examine allegations of collusion between Noida Authority officials and builders over inflated land acquisition payouts. The three-member team, supported by forensic and economic offences experts, must scrutinize bank and asset trails of officials, landowners, and their families and act under law where wrongdoing emerges. The court also imposed environmental checks on new projects, mandated oversight via a Chief Vigilance Officer and a Citizens Advisory Board, and awaits updates in eight weeks.Read more

14 Aug 2025

India's four publicly listed Real Estate Investment Trusts Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust distributed INR 1,559 crore to more than 2.7 lakh unitholders in the first quarter of FY 2025-26, registering a year-on-year increase of around 13 %. Together, they manage over 129 million square feet of Grade A office and retail space. By late July, their combined market capitalisation crossed INR 1 lakh crore, while total gross assets under management stood near INR 1.63 lakh crore. Since inception, they have paid investors over INR 24,300 crore.Read more

14 Aug 2025

Aditya Birla Fashion and Retail Ltd (ABFRL) posted a larger consolidated net loss of INR 233.73 crore in the latest quarter, compared to INR 214.92 crore in the same period last year. Revenue from operations inched up to INR 1,831.46 crore from INR 1,674.22 crore, but higher expenses weighed on earnings. Pantaloons' revenue slipped marginally, while the Ethnic & Others segment saw a sharper drop. During the quarter, the company completed the demerger of its Madura business into a new listed entity, Aditya Birla Lifestyle Brands Limited, housing its key lifestyle and sportswear brands.Read more

14 Aug 2025

Juniper Green Energy has secured INR 1,739 crore in debt financing from the Indian Renewable Energy Development Agency (IREDA). This funding will support the growth and development of the company and its subsidiaries, enabling the execution of large-scale renewable projects and strengthening its operational capacity. This is the second debt raise for the company in the past year, as it looks to expand its portfolio of solar, wind, and hybrid renewable energy projects, aligning with India's sustainable energy goals.Read more

14 Aug 2025

Brigade Hotel Ventures Ltd. has signed a pact with Marriott International, Inc. to manage six new hotels across four key markets in South India, adding 940 rooms to its portfolio. The hotels will be operated under five Marriott Bonvoy brands, including The Ritz-Carlton and JW Marriott. This agreement brings the company's total number of hotels managed by Marriott to eight, with a total of 1,388 keys. The pact reflects Brigade Enterprises' belief in the long-term potential of India's hospitality industry and its commitment to providing high-quality hotels to both business and leisure travelers.Read more

14 Aug 2025

Retail inflation eased to 1.55 percent in July, marking its lowest level in eight years and dipping below the Reserve Bank of India's (RBI) comfort threshold for the first time since early 2019. This decline is largely due to lower food prices and a favorable base effect. While rural inflation stood at 1.18 percent and urban inflation at 2.05 percent, regional disparities were notable, with Kerala recording the highest inflation. Experts suggest that despite the current low inflation, a rise beyond 4 percent is expected in the coming quarters, potentially limiting RBI's ability to reduce interest rates further.Read more

14 Aug 2025

Weaver Services has completed the INR 267 crore acquisition of Capital India Home Loans Limited, marking its formal entry into the affordable housing finance market. Funded by notable investors including Premji Invest and Gaja Capital, this move supports Weaver's plan to build a tech-driven finance platform focused on self-employed people in smaller towns. The company is prioritizing financial inclusion for women borrowers, who face challenges accessing credit. With this acquisition, Weaver is poised to scale rapidly and contribute significantly to addressing credit gaps in underserved communities.Read more

14 Aug 2025

Mahendra Realtors & Infrastructure Ltd. has launched an Initial Public Offering (IPO) on the NSE Emerge platform, aiming to raise INR 49.45 crore. The company, which specializes in engineering and construction services, plans to use the funds to meet its working capital needs and support business growth. According to Managing Director Hemanshu Shah, this public offering is a key milestone that will allow the company to scale its operations, enhance service delivery, and capitalize on new opportunities in India's growing infrastructure sector.Read more

14 Aug 2025

Nashik's civic administration recently lifted property tax from mobile towers with effect from the start of this year, while insisting telecom firms settle dues through December of last year. The move aligns with the Telecommunication Act, 2023, affirmed by state urban planning directives. The city hosts around 596 mobile towers, previously contributing an estimated INR 7 crore annually, yet telcos owe a staggering INR 52.69 crore in back taxes. Rather than dwelling on lost revenue, the municipal body is now leasing its own land to operators as a new income stream, carefully turning compliance into opportunity.Read more

13 Aug 2025

Asia Healthcare Holdings (AHH) is set to invest INR 400 crore in Asian Institute of Nephrology and Urology (AINU) over the next four to five years. The investment aims to expand the urology and nephrology hospital chain from its current seven locations to 13 within the next three to four years, with a focus on Tier 2 towns. The planned outlay will bring AHH's total investment in AINU to INR 1,000 crore and reflects the company's strategic focus on the growth of single-specialty healthcare enterprises in smaller cities across India.Read more

13 Aug 2025

China Evergrande Group will be delisted from the Hong Kong stock exchange on August 25, 2025, following a January 2024 liquidation order after failing to restructure over USD 300 billion in debt. Trading in its shares had been suspended for 18 months, breaching exchange rules, leaving shareholders facing near-total losses. Once China's largest developer by sales, Evergrande's collapse epitomises the property sector downturn triggered by a 2020 crackdown on excessive borrowing. Founder Hui Ka Yan has been detained, and the firm and its auditors fined for misconduct. With liquidators expecting only modest asset recoveries, the delisting closes a turbulent chapter in China's housing crisis.Read more

13 Aug 2025

Smartworks Coworking Spaces Ltd posted a reduced net loss of INR 4.19 crore this week, compared with a loss of around INR 23 crore in the corresponding quarter last year, thanks to a revenue rise to nearly INR 388 crore. The company reported a sharp jump in both reported and normalised EBITDA, along with a turnaround to normalised PBT profit. Its leased portfolio grew beyond 10 million square feet, with further expansion underway. All of these developments follow its recent stock market debut, which was met with strong investor interest.Read more

13 Aug 2025

The Tamil Nadu government will set up a special purpose vehicle (SPV) to manage co-working spaces under the Chief Minister's initiative, ensuring smooth operations independent of administrative changes. Modeled on entities like Chennai Metro Rail Limited, the SPV will replace the current CMDA-Greater Chennai Corporation arrangement to avoid coordination and funding delays. It will also focus on job facilitation, inviting recruitment agencies to conduct placement activities within centres and launching an online portal for job listings and candidate profiles. With only the Kolathur hub operational so far, 29 more centres are planned. All services will be free, connecting employers, startups, and job seekers.Read more

13 Aug 2025

Capacit'e Infraprojects, an engineering and construction firm, reported a 12 percent decline in consolidated net profit to INR 47 crore for the June quarter of fiscal year 2026. The company, which had a profit of INR 53 crore in the same period last year, attributed the drop mainly to temporary labor shortages and an early monsoon. Despite the dip in profit, the company's total income grew by 4 percent. As of June 30, the company had a strong order book of INR 11,254 crore, with a mix of public and private sector projects.Read more

13 Aug 2025

Afcom reported a sharp rise in its June quarter net profit, reaching INR 27 crore compared to INR 0.62 crore in the same period last year. The company's total income more than doubled to INR 118.89 crore from INR 39.88 crore a year ago, supported by steady operational performance with network utilisation at nearly 84 per cent. Alongside its financial gains, Afcom has been expanding its international presence, launching a cargo route to Hanoi and signing an interline agreement with VietJet. It also contributed significantly to record transshipment volumes at Velana International Airport in July, strengthening its position in regional logistics.Read more

13 Aug 2025

Kolte-Patil Developers has restructured its portfolio by exiting stakes in four ventures via its subsidiaries. Kolte-Patil Lifespaces divested a 36 % stake in Amco Landmarks Realty for INR 4 crore. The group also fully exited Kolte-Patil Realtors Estate, selling to a promoter entity for INR 1 lakh; pulled out of Regenesis Project Management LLP's 35 % for INR 3.10 crore; and relinquished a 42.5 % stake in Ayaan Vihan Land Development for INR 25,000 even though that firm had a net worth exceeding INR 10 crore. These decisions reflect a clear shift toward refinement and focus.Read more