27 Jun 2025

Supreme Infrastructure India Ltd (SIIL) has secured a turnkey INR 450 crore contract to develop a Project Affected Persons (PAP) housing complex in Powai, Mumbai. The project, part of a larger 6-acre urban renewal initiative by Brookfield-backed BSS and Rajeshwar Property Ventures, will span 1.6 million sq. ft. in Phase 1 and include residential units, infrastructure, and MEP works. SIIL will hand over the completed complex to MMRDA within three years. The broader development will eventually add 2.5 million sq. ft. of commercial and retail space. This deal boosts SIIL's order book to INR 1,725 crore, reinforcing its presence in major urban infrastructure projects.Read more

26 Jun 2025

Nexus Seawoods Mall has kicked off its much-awaited End of Season Sale, offering flat 50% discounts across 100+ top fashion and lifestyle brands, including GAP, Tommy Hilfiger, ALDO, and Lifestyle. Shoppers spending INR 5,000 or more stand a chance to win a Jawa motorcycle, with added perks like 50% off select F&B and double reward points. To maximise convenience, the mall will remain open till midnight during the sale weekend. Known for its high-energy retail events, Nexus Seawoods continues to cement its reputation as Navi Mumbai's ultimate shopping and lifestyle destination, combining big-brand bargains with immersive customer experiences.Read more

26 Jun 2025

In a string of notable developments across finance, insurance, and FMCG, Bajaj Finserv introduced a new small-cap fund aimed at quality investments amid market corrections, with its offer window approaching soon. ICICI Prudential Life rolled out a youth-focused market-linked plan, while Walko Food Company forayed into the artisanal dessert space by acquiring Meemee's Ice Creams. Meanwhile, Aseem Infrastructure Finance raised USD 80 million through its first external commercial borrowing and green loan, with DBS Bank leading the transaction from GIFT City.Read more

26 Jun 2025

Real estate firm Signature Global will raise up to INR 875 crore through secured, listed non-convertible debentures (NCDs) via private placement. The move, approved by the board, also includes a postal ballot to seek shareholder approval for increasing borrowing limits, creating securities, and amending the Articles of Association. Based in Gurugram, Signature Global ranked fifth among listed developers by sales bookings last year, posting INR 10,290 crore in FY24 sales. With a target of INR 12,500 crore in pre-sales for FY25, the company is doubling down on affordable and mid-income housing in the NCR, buoyed by strong post-IPO momentum and market confidence.Read more

26 Jun 2025

The World Bank has approved over USD 1 billion in aid for Iraq, Syria, and Lebanon, focusing on infrastructure, trade, and public service restoration. Iraq received USD 930 million for a railway modernisation project linking Umm Qasr Port to Mosul, aiming to enhance logistics and diversify its oil-dependent economy. Syria secured USD 146 million to restore war-damaged power infrastructure, supplementing a recent 5,000 MW energy deal with foreign firms. Lebanon was granted USD 250 million to repair essential public services like water, healthcare, and transport after recent conflict. The World Bank stressed these are long-term development investments, not just crisis responses, to foster regional stability and recovery.Read more

26 Jun 2025

HDB Financial Services HDFC Bank's NBFC arm launched a landmark INR 12,500 crore IPO with a strong anchor book subscription of INR 3,369 crore at the top of the price band. Public interest surged, yet only about 1% was subscribed on day one, while the GMP hit 10%, reflecting strong market optimism. The company's robust financial base, vast branch network beyond metro areas, and strategic pricing referencing peer valuations underpin the IPO's broad appeal.Read more

26 Jun 2025

Incuspaze has acquired co-working startup Trios in an all-cash-and-equity deal, expanding its footprint in Pune and boosting its revenue target of INR 350-400 crore for FY25. The deal adds 12 new centres-10 in Pune and 2 in Gurugram-bringing Incuspaze's total to over 50 centres across 18 cities and 4 million sq ft. Trios' founding team will continue in leadership roles, ensuring service continuity and client retention. The acquisition supports Incuspaze's broader growth strategy ahead of a planned INR 215 crore pre-IPO fundraise and future public listing. Trios' strong local presence and corporate clientele make the deal a strategic fit for national expansion.Read more

25 Jun 2025

At a recent MCCI webinar, Union Commerce Minister Piyush Goyal stated that India is poised to become the world's third-largest economy by 2027 and achieve a USD 5 trillion economy within three years. Highlighting India's transformation from the 'fragile five' to a top-five global economy, he credited resilient macroeconomic policies, strong banking systems, and low inflation. Emphasising decisive action during global uncertainty, he outlined the government's vision for 'Viksit Bharat 2047' with honest, inclusive, and sustainable growth. He praised India's youth-driven aspirations and reiterated the government's commitment to good governance, innovation, and international collaboration, while commending MCCI's century-old role in shaping industry policy.Read more

24 Jun 2025

The World Bank has approved a $1.5 billion loan to South Africa to support key infrastructure and transport upgrades, aimed at driving a shift toward a low-carbon economy and tackling high unemployment. The country's struggling rail, ports, and energy sectors have hurt industries like mining and auto manufacturing. The loan, offering favorable terms and a three-year grace period, is expected to ease debt pressures and foster reforms. With $55 billion allocated for infrastructure through 2026, the government hopes to spur economic growth and improve public services. However, a recent GDP forecast cut to 1.4% signals continued economic challenges ahead.Read more

24 Jun 2025

Innov8, the co-working arm of OYO, has secured a fresh INR 1,000 crore valuation following a 3% equity stake sale to prominent investors, including the Raymond Family Office, which picked up nearly 2%. This follows a prior INR 110 crore fundraise earlier this year, where approximately 10% equity was sold to several high-profile family offices. Innov8, founded in 2015 by Ritesh Malik, currently operates 30 centres across 10 major cities and posted a sharp jump in profit after tax from INR 2.5 crore to INR 62 crore in FY24. The new capital will be used to expand operations to 100 centres by year-end.Read more

24 Jun 2025

Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises and India's largest private airport operator, has secured USD 1 billion in project financing for Mumbai International Airport Ltd (MIAL). The deal includes a USD 750 million bond issuance maturing in July 2029 for refinancing, with an option to raise an additional USD 250 million. The funds will support MIAL's capital expenditure programme for modernisation and expansion. Notably, this marks India's first investment-grade bond issuance in the airport sector, with participation from global institutional investors including Apollo-managed funds, BlackRock, and Standard Chartered.Read more

Mr.Sreenivas Tirdhala, Co-Founder & Chief Strategy Officer, iSprout

24 Jun 2025

The modern office has undergone a significant transformation, evolving into a smart, tech-integrated space tailored for today's dynamic workforce. As hybrid and remote work models continue to flourish, smart co-working environments are becoming indispensable. These flexible spaces are no longer confined to freelancers or startups but have become hubs for global enterprises, thanks to AI, IoT, and cloud-based systems. From intelligent booking platforms to facial recognition access, these workplaces are designed to boost efficiency, foster collaboration, and ensure data security, all while enhancing the employee experience.Read more

24 Jun 2025

Saya Group has partnered with Carnation Hotels, a Lemon Tree Hotels subsidiary, to manage 336 BIZTOP Business Class Suites at the Saya SouthX project in Greater Noida West. Spanning floors 7 to 25, each 668 sq. ft. suite is designed for business travellers seeking high-quality serviced accommodation. Lemon Tree will bring hotel-grade operations to the mixed-use development, which includes retail, dining, a multiplex, banquet space, and more. Saya SouthX covers 6.8 lakh sq. ft. and targets over 50,000 daily footfalls. The collaboration blends Saya's infrastructure with Lemon Tree's hospitality expertise, reinforcing Saya's footprint in premium commercial real estate.Read more

24 Jun 2025

Kalpataru Ltd has raised INR 708 crore from prominent anchor investors, including GIC and Bain Capital, just before launching its initial public offering (IPO). The IPO, entirely a fresh equity issue worth INR 1,590 crore, is priced between INR 387 and INR 414 per share, with over 1.71 crore shares already allocated at the upper end. The Mumbai-based developer, with a portfolio nearing 50 million sq ft, plans to use the funds to repay debt and support corporate initiatives. The company had reported robust sales of over INR 3,200 crore in FY 2023-24, driven by strong housing and commercial demand.Read more

24 Jun 2025

TRULiV, a fast-growing co-living and long-stay hospitality brand, has received equity funding from Bennett, Coleman & Co. Ltd. (BCCL), valuing the company at INR 356.5 crore. The investment will support TRULiV's expansion into new cities and hospitality formats like holiday homes, retirement communities, and eco-stays. Founded in 2019, TRULiV operates on an asset-light, built-to-suit model and aims to hit INR 200 crore in annual revenue within three years. Co-founders Rohit Reddy and Ranjeeth Rathod highlighted BCCL's strategic media support and consumer insights as vital to future growth.Read more

24 Jun 2025

India's real estate sector is demonstrating remarkable resilience and optimism, outshining peers in the Asia-Pacific region even as markets in Greater China and Australia face subdued leasing activity. The latest Asia-Pacific Market Sentiment Survey by CBRE highlighted that India's major cities continue to witness robust office leasing driven by tech, BFSI, and GCC demand. The Market Sentiment Index for the office sector surpassed 70%, reflecting the highest confidence levels recorded to date. Retail leasing has remained steady despite a minor dip, with retailers pursuing growth in high-footfall zones, reinforcing India's appeal as a stable investment hub.Read more

23 Jun 2025

Hong Kong-based New World Development (NWD) has entered an advanced phase of discussions with its creditors to restructure an enormous HKD 87.5 billion (USD 11.1 billion) loan package. The move comes amid heightened scrutiny of its debt load among the highest in the region's property sector and follows a recent episode where the company initially flagged a delay in USD 77.2 million in coupon payments on its perpetual bonds. Although the company later paid interest on a senior USD bond, investor nerves remain on edge. Backed by nearly 87% of its targeted lenders, NWD is striving to avert any risk of contagion in Hong Kong's real estate sector.Read more

23 Jun 2025

The third edition of the Bengaluru Retail Summit, organised by the Retailers Association of India, brought together top industry voices to explore the future of retail amid a rapidly evolving market. Held in Bengaluru, the event focused on how innovation and technology are reshaping retail strategies, especially in a city known for tech-forward consumers and deep cultural roots. Key sessions revolved around omnichannel trends, digital integration, consumer behaviour, and retail transformation, with participation from leaders across Amazon India, Reliance Retail, Zivame, SNITCH, Amant' India, and Lifestyle International, among many others.Read more

23 Jun 2025

The Nashik Municipal Corporation (NMC) is set to auction properties of 73 major property tax defaulters next month, targeting those who ignored earlier confiscation notices. Each defaulter owes over INR1 lakh, and the crackdown follows warnings sent to 425 such cases. The city faces over INR250 crore in unpaid property taxes from more than 1.5 lakh defaulters. Earlier this fiscal year, NMC ran an amnesty scheme offering up to 90% penalty rebates, which over 60,000 defaulters used, resulting in INR30 crore in waived penalties. Property tax is crucial for city services, and auctions are being used as a last-resort recovery method.Read more

23 Jun 2025

The Asia Pacific hospitality sector is undergoing a transformative shift, with global hotel operators increasingly dominating the landscape. Over 86% of future hotel supply in the region is expected to come through international brands. This rise is fuelled by brand proliferation, acquisitions, and strategic partnerships tailored to local markets. Branded hotels in the region are outperforming independent ones in revenue and performance, backed by global loyalty programmes and stronger distribution systems. Investors are also actively favouring branded properties, leveraging opportunities in rebranding and value-add strategies to maximise returns.Read more