08 Jul 2025

Sarovar Hotels has signed a new property in Gwalior, Madhya Pradesh, in collaboration with Prime Land Estates. The 100-key Sarovar Portico Gwalior hotel is scheduled to open in 2029. This marks a step in Sarovar Hotels' expansion in Central India, targeting growth in tourism and business travel. The project aims to combine modern amenities with regional heritage, contributing to the hospitality sector in Gwalior.Read more

08 Jul 2025

Keystone Realtors Ltd., operating under the 'Rustomjee' brand, reported record pre-sales of INR 1,068 crore in Q1 FY26, a 75% annual increase. Customer collections also rose 19% to INR 575 crore. The Mumbai-based firm launched three new projects with a saleable area of 0.91 million sq ft and INR 4,000 crore GDV. It also secured three new housing society redevelopment projects in the June quarter, expected to generate INR 7,727 crore revenue from 3.25 million sq ft of saleable area.Read more

08 Jul 2025

India's office space leasing is projected to exceed 90 million sq ft in 2025, surpassing last year's record. In H1 2025, gross leasing reached 41.7 million sq ft across eight cities. Pune, Chennai, and Delhi-NCR saw growth, while Mumbai, Bengaluru, Hyderabad, Ahmedabad, and Kolkata experienced declines. Global Capability Centers (GCCs) remain a key driver, contributing 27% of total leasing. Despite varied city performance, the market shows structural strength and is expected to maintain momentum due to economic growth and strategic business expansion.Read more

08 Jul 2025

The Retailers Association of India (RAI) convened the first Visakhapatnam Retail Summit at Novotel to highlight Andhra Pradesh's fast-evolving retail sector. The event gathered top industry leaders and brands such as Neeru's, CMR, Kankatala, and BigBasket to discuss profitability beyond metro markets, tech integration, and customer shifts in Tier-2 and Tier-3 cities. Speakers explored how Andhra's pro-business policies and rising consumer aspirations are transforming Visakhapatnam into a strategic retail hub. Key themes included localisation, digital access, and the balance between tradition and modernisation.Read more

08 Jul 2025

Monsoon travel is gaining momentum among Gen Z and Millennials, with bookings up 46%, as young travellers embrace scenic getaways during the off-season, say industry experts. Thomas Cook and SOTC note rising interest in weekend breaks, spiritual circuits, and nature trails, especially from Tier II and III cities. Cleartrip's PeekABoo data shows 24-30-year-olds opting for 70-hour monsoon breaks over workweeks, with short hotel stays and longer flights becoming popular. Despite increased demand, hotel prices rose just 3%, and airfares 13%. Ixigo reports 25-30% growth in flight bookings to emerging destinations like Port Blair and Dehradun, spurred by pent-up demand, last-minute deals, and geopolitical concerns.Read more

08 Jul 2025

Bengaluru-based Sattva Group will invest INR 800 crore in Goa over the next two years, expanding its footprint following the success of its first project, Sattva Water's Edge. The move taps into growing demand for first and second homes, driven by Goa's improved connectivity and infrastructure. According to PropEquity, Goa's housing sales rose 5% to 3,585 units in 2024, with sales value jumping 32% to INR 5,726 crore. Sattva has completed 74 million sq ft across India and is planning entry into Mumbai. The Group is active in coworking, coliving, warehousing, and hospitality, and has filed a INR 6,200 crore REIT IPO with Blackstone-backed Knowledge Realty Trust.Read more

08 Jul 2025

Marathon Nextgen Realty Ltd (MNRL) has raised INR 900 crore through a Qualified Institutions Placement (QIP) to support expansion across the Mumbai Metropolitan Region. The QIP, priced at INR 555.13 per share, drew strong interest from top institutional investors like Quant Mutual Fund and Kotak Alternate Asset Managers. Post-issue, FII and DII holdings stand at 9.9% and 16.66% respectively. The funds will bolster MNRL's development pipeline, reduce debt, and enhance its financial strength. CMD Chetan Shah called the raise a strong endorsement of the company's strategy. The move follows MNRL's amalgamation scheme aimed at consolidating assets and improving governance for future growth.Read more

08 Jul 2025

Contractors working on Maharashtra government projects are protesting delayed payments totaling INR 89,000 crore, pending for over a year. Represented by the Mahasangh, Builders Association of India, and Maharashtra State Engineers Forum, they appealed to over 30 district collectors for urgent dues clearance. The unpaid amounts cover work like roads, building repairs, and relief projects. Milind Bhosale, president of the Contractors Mahasangh, said only 5% of payments were released by FY24-end, despite a surge in sanctioned projects. The delay is affecting over 5 lakh contractors, impacting supplier payments, employment, and state economic growth. Protestors are questioning the state's fiscal planning amid mounting distress.Read more

08 Jul 2025

OYO's European holiday home brand, DanCenter, plans to add 250 vacation homes in India this fiscal amid growing demand for premium getaways. After launching in Goa in February 2025, DanCenter added 50 homes in Q1 and aims to add 200 more by year-end. The portfolio includes luxury villas and serviced apartments across locations like Lonavala, Kufri, Ramgarh, Chennai, Jaipur, and more. New expansions are planned in Telangana and the North-East. Founded in Denmark in 1957 and acquired by OYO in 2019, DanCenter's Indian growth reflects its strategy to tap into the country's rising appetite for upscale, professionally managed vacation stays.Read more

08 Jul 2025

Lenders of Jaiprakash Associates Ltd (JAL) have rejected a resolution plan submitted by Jaypee Infratech, now owned by Suraksha Group, due to late submission and lack of earnest money. JAL, undergoing insolvency since June 2024 with INR 57,185 crore in claims, received resolution plans from five other bidders-Adani, Vedanta, Dalmia Bharat Cement, Jindal Power, and PNC Infratech. The Committee of Creditors declined Jaypee Infratech's request to reconsider its bid. Some of the submitted plans are conditional, tied to pending legal matters. JAL owns major real estate, hotel, and cement assets in NCR, MP, and UP. NARCL is the largest claimant after acquiring JAL's debt from SBI-led lenders.Read more

08 Jul 2025

Whiteland Corporation has awarded INR 2,000 crore in construction contracts to Ahluwalia Contracts and Kalpataru Projects for its premium housing project on Dwarka Expressway. Spread across 20 acres, the project will feature around 1,700 apartments, with 1,400 units launched in the first phase. The developer has partnered with Marriott International to bring Westin Residences to Gurugram, which will manage the upcoming property. The total investment, including land and construction costs, is estimated at INR 5,500-6,000 crore.Read more

08 Jul 2025

Shell has acquired full ownership of Mumbai-based Raj Petro Specialities from Germany's Brenntag Group, enhancing its presence in India's lubricant market. Raj Petro, with plants in Chennai and Silvassa, produces transformer oils, waxes, white oils, and more. Shell already operates a blending plant in Taloja and serves 50,000 outlets via 200+ distributors, a network that will grow with this acquisition. India, the world's third-largest lubricants market, is a key focus for Shell's growth. The company also partners with top OEMs like Maruti Suzuki and Hyundai. With Raj Petro, Shell aims to expand its product range, customer base, and value-added offerings across India's energy sector.Read more

07 Jul 2025

MakeMyTrip has repurchased over 3.4 crore Class B shares from China-based Trip.com, reducing the latter's voting power from 45.34% to 16.90%. Following the transaction, three Trip.com-nominated directors resigned from MakeMyTrip's board, in line with the terms of the share issue. The board now comprises ten members, including three management directors, four independent directors, one Mauritius resident director, and two Trip.com-nominated directors. New appointees include Vivek N Gour, Savinilorna Payandi Pillay Ramen, and Group CFO Mohit Kabra. With 95.38 million shares now outstanding, the move marks a significant shift in MakeMyTrip's governance structure and reduces foreign influence in the Nasdaq-listed travel platform.Read more

07 Jul 2025

IndusInd Bank has opened its 12th all-women branch in India, located at Saveetha Dental College in Chennai. Spanning 1,300 sq ft, the branch is managed by five women officers and offers a full suite of retail banking services. The initiative aims to create a more inclusive, women-friendly banking environment. Separately, Aadhar Housing Finance launched its first all-women-operated branch in Indore, staffed by nine women. The company plans to open 12 more such branches nationwide this year. Aadhar currently operates 46 branches in Madhya Pradesh, with assets under management of INR 2,750 crore-projected to grow to INR 3,200 crore by the fiscal year-end.Read more

07 Jul 2025

India's fintech sector raised USD 889 million in H1 2025, marking a 26% drop from H2 2024, according to Tracxn. Despite the decline, early-stage funding rose 10% to USD 361 million, signaling investor confidence in innovation-led startups. Seed-stage and late-stage funding fell 27% and 41% respectively. India ranked third globally in fintech funding, behind the US and UK. Bengaluru led with 55% of funds, followed by Mumbai. Notable deals included Groww's USD 150 million acquisition of Fisdom. Top investors included Peak XV, Accel, and Bessemer. Accel led with 34 deals, while Blume Ventures added 7 new companies to its portfolio.Read more

07 Jul 2025

Bank of Maharashtra (BoM) reported a credit growth of 15.36% in Q1 FY26, with total credit reaching INR 2.41 lakh crore, up from INR 2.09 lakh crore in the same quarter last year. The bank also posted a 14.08% rise in deposits to INR 3.09 lakh crore. As a result, its total business grew 14.64% year-on-year to INR 5.46 lakh crore. The CASA ratio improved to 50.07% from 47.86%, indicating a stronger low-cost deposit base. BoM's credit-deposit ratio also rose slightly to 79.04% from 78.17%. These gains reflect robust performance in both lending and deposit mobilization during the April-June 2025 quarter.Read more

07 Jul 2025

Travel Food Services has raised nearly INR 600 crore from 33 anchor investors, including ICICI Prudential, Axis MF, and Abu Dhabi Investment Authority, ahead of its INR 2,000 crore IPO opening on July 7. The IPO, priced at INR 1,045-1,100 per share, is a full offer for sale by promoter Kapur Family Trust, with no proceeds going to the company. Operating under K Hospitality, the firm runs quick-service restaurants and 31 lounges across 14 Indian and 3 Malaysian airports, and recently expanded to Hong Kong. Its portfolio features global brands like KFC and Wagamama alongside Indian chains like Sangeetha and Bikanervala. Listings are planned on NSE and BSE.Read more

07 Jul 2025

The JSW Group has secured INR 9,300 crore in financing to acquire Akzo Nobel India for INR 12,915 crore. This financing mix includes an INR 3,300 crore operating company-level debt from foreign lenders, a INR 3,000 crore convertible instrument from private credit funds, and a INR 3,000 crore loan against shares from domestic mutual funds. This acquisition aims to make JSW Paints India's fourth-largest paint company. The funding strategy also potentially includes proceeds from a recent INR 1,210 crore stake sale by promoters.Read more

07 Jul 2025

New RBI guidelines banning prepayment charges on floating rate loans will impact MSME-focused lenders and those providing loans against property. Released last week, these rules, effective from January 1, 2026, mean regulated entities cannot charge for early repayment on such loans. Lenders may need to adjust business models, exploring fixed-rate structures or upfront pricing to recover costs. While small finance banks, middle layer NBFCs, and urban co-operative banks retain some flexibility for business loans up to INR 50 lakh, the directive aims to standardize practices across the financial sector.Read more

07 Jul 2025

Kolkata's office leasing volume reached 11 lakh sq ft from January to July 2025, marking a 60% year-on-year increase and the highest half-yearly transaction volume in a decade. This surge was driven by large IT outsourcing and flexible workspace deals. Office vacancy rates dropped to 33.5%. However, the residential market saw an 11% sales decline and 29% drop in new launches. Despite this, unsold residential inventory decreased by 12%, showing a healthier market balance, indicating a strong commercial segment contrasting with a paused residential sector.Read more