03 Jan 2026

Adani Enterprises is set to return to the bond market next week, planning to raise INR 10 billion, or about USD 111 million, through a public bond issue. The fundraising includes a greenshoe option of INR 5 billion if demand remains strong. The flagship Adani Group company will offer bonds with two-, three-, and five-year maturities, with over a third reserved for retail investors. Annual coupons range from 8.60% to 8.90%, with options for quarterly or cumulative payouts. Rated AA- by CARE Ratings and ICRA, the issue opens on January 6. This marks Adani Enterprises third public bond offering in recent years.Read more

03 Jan 2026

Indian equities, which lagged global and regional markets in 2025 despite marking a tenth consecutive year of gains, are poised for a stronger 2026. Support from policy measures, expected corporate earnings growth, and attractive large-cap valuations underpin this outlook. Financials and auto sectors are set to benefit from rate cuts and demand growth, while IT and small-caps face continued pressure. Domestic inflows and macroeconomic stability have helped markets absorb record foreign outflows, setting the stage for more selective recovery and continued market polarization.Read more

Mumbai News Desk

03 Jan 2026

Mumbai's property market recorded a significant milestone as registrations in the municipal region rose 6 per cent over the last calendar year to 150,231 units, the highest level in 14 years. Data analysed by Knight Frank India showed strong performance within city limits, supported by steady end-user demand. Registrations in the final month of the year also increased sharply, with residential properties forming the bulk of transactions. The data covers both primary and secondary markets, reflecting broad-based housing activity across Mumbai.Read more

03 Jan 2026

Indian bonds finished 2025 with mixed outcomes despite record interventions by the RBI. The central bank cut rates by 125 basis points and injected 11.7 trillion INR ($130.17 billion) into the system, supporting the bond market. Yet, concerns over large federal and state debt issuance, weaker institutional demand, and a declining rupee limited the drop in yields. The benchmark 10-year yield fell 17 basis points for the year, marking the third consecutive annual decline. The market now looks to 2026 with focus on budget announcements, liquidity management, and potential trade agreements.Read more

03 Jan 2026

Commercial vehicle manufacturer Ashok Leyland reported a strong performance in December, registering a 27 per cent year-on-year increase in total sales to 21,533 units. The growth was primarily driven by robust domestic demand, with local sales rising 26 per cent during the month. Medium and heavy commercial vehicles led the expansion, reflecting improved activity in infrastructure, logistics and construction-related segments. Light commercial vehicles also posted healthy growth, indicating sustained demand from last-mile connectivity and small business operators. The December performance highlights a continued recovery in the commercial vehicle market, supported by economic activity, infrastructure spending and replacement demand across key transport segments.Read more

02 Jan 2026

State-owned Housing and Urban Development Corporation (HUDCO) has sanctioned loans exceeding INR 46,000 crore during the third quarter of the current financial year, reflecting steady momentum in housing and urban infrastructure financing. Cumulatively, loan sanctions during the April-December period stood at over INR 1.39 lakh crore, underlining robust demand for long-term funding across sectors. Loan disbursements also remained strong, crossing INR 41,000 crore in the first nine months of the fiscal. The performance highlights HUDCO's expanding role in supporting urban development, affordable housing, and critical infrastructure projects across states, aligned with growing investment requirements in cities and towns.Read more

02 Jan 2026

Veegaland Developers, part of the V-Guard group, has filed for an IPO to raise INR 250 crore, entirely through fresh shares, to fund its growth plans. The funds will support ongoing and upcoming residential projects, land acquisitions, and general corporate purposes. The company operates in Kerala's residential market across multiple premium segments and has completed 11.05 lakh square feet of projects while nine more totaling 12.67 lakh square feet are underway. Land reserves of 7.20 acres in Kochi and Trivandrum are earmarked for future development.Read more

02 Jan 2026

CapitaLand India Trust has announced plans to divest a 20.2% equity stake in three data centres for approximately INR 702 crore, marking a strategic capital recycling move. The divestment involves a partial sell-down in assets under the trust's data centre portfolio. Proceeds from the transaction are expected to strengthen the trust's balance sheet and support future acquisitions or growth initiatives across its diversified real estate portfolio. The move reflects broader industry trends where data centre assets are increasingly attracting investor interest due to robust demand for digital infrastructure. The remaining 79.8% stake will continue to be held by CapitaLand India Trust after the transaction.Read more

02 Jan 2026

AICPDF has urged SEBI to pause IPO approvals for loss-making quick-commerce and related e-commerce companies until pending cases before the Competition Commission of India are settled. The distributors body flagged concerns over persistent losses, negative cash flows, and valuation practices based on market share rather than profitability. It pointed to recent listings by Zomato and Swiggy, where early investors exited despite continued losses. AICPDF also cited ongoing CCI probes into alleged predatory pricing and warned of risks to small investors and kirana retailers.Read more

02 Jan 2026

Ascendas IT Park (Pune) is set to raise up to INR 9.15 billion through a three-year bond issue, according to market sources. The company has invited coupon and commitment bids during the week, with the final pricing to be determined through the bidding process. The proposed bonds are expected to be rated A by ICRA. The issue size includes a greenshoe option. The move aligns with broader trends of real estate-linked entities tapping domestic bond markets for funding and refinancing needs.Read more